The global Coconut Oil market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2022-2028). An increase in the occurrence of health disorders, numerous medical benefits and fitness awareness among consumers is also boosting the market growth. During the COVID-19 pandemic in 2020, internet retail sales in the United Kingdom soared considerably, as they did in many other European countries. For example, over the last year, online grocery store Ocado boosted its revenues by 35%, from 1.62 billion pounds in fiscal 2019 to 2.19 billion pounds in fiscal 2020. The United Kingdom’s desiccated coconut import volume in 2020 was 15.5 thousand tonnes, worth $30 million, which is equivalent to 13% of total European imports. One of the key factors that are fueling the market is the growing competitiveness between the market players. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
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The COVID-19 pandemic had impacted most of the industries in the market. The spread of the virus led most governments across the globe to impose a lockdown that strictly restricted the uses of the outdoor shopping and shut down most of the transportation services for a while. All this led to a increase in the demand of online grocery shopping, and production activities in the Coconut Oil market. Lockdown imposed stopped travelling activities across the globe. It caused market players a resistance in their regular sales.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Coconut Oil Market Report Segment
By Type
- RBD
- Virgin
- Crude
By Type
- Wet Coconut
- Dry Coconut
By Application
- Food & Beverages
- Cosmetics & Personal care
- Pharmaceuticals
- Others
Global Coconut Oil Market Report Segment by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Coconut Oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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