Organic Virgin Coconut Oil Market Summary
As per Market Research Future Analysis, the organic virgin coconut oil market is projected to reach approximately USD 3.69 billion by 2032, growing at a CAGR of 7.36% during the forecast period. Valued at USD 800 million in 2023, the market is driven by increasing awareness of health benefits and demand for natural products. Organic virgin coconut oil, derived from mature coconut meat, is rich in vitamins and antioxidants, making it popular in food, beauty, and medical applications. The COVID-19 pandemic negatively impacted the market due to production halts and supply chain disruptions. However, the demand for organic virgin coconut oil is expected to rise significantly in the future, particularly in the cosmetics and culinary sectors.
Key Market Trends & Highlights
The organic virgin coconut oil market is experiencing rapid growth driven by health awareness and product applications.
- Market value projected to reach USD 3.69 billion by 2032.
- CAGR of 7.36% during the forecast period.
- Valued at USD 800 million in 2023.
- Asia-Pacific is the leading regional market segment.
Market Size & Forecast
Market Size in 2023 | USD 800 million |
Forecasted Market Size by 2032 | USD 3.69 billion |
CAGR | 7.36% |
Major Players
Barlean’s (US), Hain Celestial Group (US), Nutiva Inc. (US), Carrington Farms (US), La Tourangelle (US), Celebes Coconut Corporation (Philippines), Greenville Agro Corporation (Philippines), SC Global Coco Products, Inc (Philippines), Naturoca (Indonesia), Farmerindia (India), Viva Naturals (Canada), Garden of Life LLC (US), Jarrow Formulas, Inc. (US)