Us Coconut Oil Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Coconut Oil Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The United States coconut oil market has experienced significant fluctuations over the past decade, influenced by health trends, consumer preferences, and global supply dynamics. Once celebrated as a superfood, coconut oil's journey in the U.S. market offers a compelling narrative of rise, skepticism, and stabilization.
In the early 2010s, coconut oil gained immense popularity among health enthusiasts and the wellness community. Promoted for its potential benefits, such as boosting immunity and aiding weight loss, it became a staple in many households. By 2015, U.S. sales of coconut oil reached a peak of $229 million. However, this surge was short-lived. Nutritionists and health organizations began scrutinizing the health claims associated with coconut oil, particularly its high saturated fat content. In 2017, the American Heart Association (AHA) issued an advisory against the use of coconut oil, citing its potential to raise LDL cholesterol levels. This led to a 24.3% decline in sales that year, amounting to a $52 million drop.
Despite these challenges, the market has shown resilience. The versatility of coconut oil extends beyond culinary uses; it's a favored ingredient in the cosmetics and personal care industries due to its moisturizing and antimicrobial properties. This diversification has helped stabilize demand. Additionally, the rise of plant-based diets and the keto movement has renewed interest in coconut oil, especially virgin coconut oil, which is perceived as a healthier alternative. The U.S. market is projected to grow at a CAGR of 3.98% between 2025 and 2034, indicating a steady recovery and adaptation to consumer trends.
However, the market faces challenges. The majority of coconut oil is imported, primarily from countries like the Philippines and Indonesia. Factors such as weather conditions, aging coconut plantations, and geopolitical issues can disrupt supply chains, leading to price volatility. For instance, in 2020, coconut oil prices surged by nearly 39% due to lower production in major exporting countries. Moreover, debates over health implications continue to influence consumer perceptions. While some studies highlight potential benefits, others emphasize risks associated with high saturated fat intake. This ongoing discourse necessitates clear and balanced information to guide consumer choices.
In conclusion, the U.S. coconut oil market exemplifies a dynamic interplay between health narratives, consumer behavior, and global supply factors. Its evolution underscores the importance of adaptability and informed decision-making in the face of changing market conditions.
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Tantuco Enterprises
Greenville Agro Corporation
Samar Coco Products
CIIF OMG
Primex Group
SC Global
Phidco
PT.Indo Vegetable Oil
P.T. Harvard Cocopro
Naturoca
PT SIMP
Sumatera Baru
KPK Oils & Proteins
Karshakabandhu Agritech
Kalpatharu Coconut
Prima Industries Limited
Kerafed
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Coconut Oil Market
Refined Coconut Oil
Virgin Coconut Oil
Extra Virgin Coconut Oil
Fractionated Coconut Oil
Organic Coconut Oil
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
Industrial Use
Nutraceuticals
Household
Food Service Industry
Cosmetics Industry
Healthcare Sector
Food and Beverage Manufacturers
Bottles
Tubs
Cans
Pouches
Bulk Packaging
Online Retail
Supermarkets/Hypermarkets
Health and Wellness Stores
Specialty Stores
Direct Sales
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Coconut Oil Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Coconut Oil Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Coconut Oil Market, By Type
6. Global Coconut Oil Market, By Application
7. Global Coconut Oil Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Coconut Oil Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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