Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.98 Billion | USD 10.65 Billion | 7.31% | 2022 |
FrequentlyAsked Questions
Coconut oil is also known as coconut fat. It is derived from milk, meat, and kernels of the fruit originating on coconut palm trees.
The global coconut oil market is projected to grow owing to its increasing use in the personal care and cosmetics sectors.
According to study, the global coconut oil market size was worth around USD 5.98 billion in 2022 and is predicted to grow to around USD 10.65 billion by 2030.
The CAGR value of coconut oil market is expected to be around 7.31% during 2023-2030.
The global coconut oil market will be driven by Asia-Pacific during the forecast period.
The global coconut oil market is led by players like Barlean's, Nutiva, Tropical Traditions, Nature's Way, NOW Foods, Carrington Farms, Organic Gemini, Wilderness Family Naturals, Dr. Bronner's, Vita Coco, Spectrum Naturals, Jarrow Formulas, Garden of Life, Swanson Health Products, and Nature's Best.
The report explores crucial aspects of the coconut oil market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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