2014 – 2024
GLOBAL VIRGIN COCONUT OIL MARKET
MARKET FORECAST & OPPORTUNITIES
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
Scope of Report
Product of Interest (POI): Virgin Coconut Oil Market
Global virgin coconut oil market is anticipated to grow at a brisk rate during the forecast period
on account of increasing investments in the industry. This influx of investments is supporting
market players to increase their production capabilities and to cater to rising demand for virgin
coconut oil across the globe. Coconut oil has significant use in toiletry, food and various
industrial sectors.
Market Segmentation
TYPE
VIRGIN COCONUT OIL
MARKET
APPLICATION
•
Organic
•
•
Inorganic
•
Direct Consumption
Industrial Consumption
•
Food & Beverages
•
Cosmetics &
Personal Care
•
Pharmaceuticals
Year
Range
Review Period
2014 – 2017
Base Year
2018
DISTRIBUTION CHANNEL
REGION
•
Store-based Retail
•
Asia-Pacific
•
Internet Retail
•
Europe
•
North America
•
South America
•
Middle East & Africa
Estimated Year
2019
Forecast Period
2020 – 2024
2
Table of Contents
S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer/Customer Insights
5.
4.1.
Brand Recognition
4.2.
Factors Considered Before Purchase
4.3.
Present Vendor
4.4.
Satisfaction With Vendor
4.5.
Net Promoter Score
Global Virgin Coconut Oil Market Outlook
5.1.
Market Size & Forecast
5.1.1.
5.2.
5.2.2.
5.2.3.
5.2.4.
5.2.5.
5.3.
By Value
Market Share & Forecast
5.2.1.
6.
Page No.
By Type (Organic and Inorganic)
By Application (Direct Consumption & Industrial Consumption (Food &
Beverages, Cosmetics & Personal Care, Pharmaceuticals))
By Distribution Channel (Store-based Retail and Internet Retail)
By Region (Asia-Pacific, Europe, North America, South America and Middle
East & Africa)
By Company (2018)
Market Attractiveness Index
Asia-Pacific Virgin Coconut Oil Market Outlook
6.1.
Market Size & Forecast
6.1.1.
6.2.
By Value
Market Share & Forecast
3
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S. No.
Contents
6.3.
6.2.1.
By Type
6.2.2.
By Application
6.2.3.
By Distribution Channel
6.2.4.
By Country
Page No.
Asia-Pacific: Country Analysis
6.3.1.
India Virgin Coconut Oil Market Outlook
6.3.1.1.
Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2.
Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Distribution Channel
6.3.1.3.
6.3.2.
Pricing Analysis
China Virgin Coconut Oil Market Outlook
6.3.2.1.
Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2.
Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Distribution Channel
6.3.2.3.
6.3.3.
Pricing Analysis
Thailand Virgin Coconut Oil Market Outlook
6.3.3.1.
Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2.
Market Share & Forecast
4
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Page No.
6.3.3.2.1. By Type
6.3.3.2.2. By Distribution Channel
6.3.3.3.
Pricing Analysis
6.3.4. Australia Virgin Coconut Oil Market Outlook
6.3.4.1.
Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2.
Market Share & Forecast
6.3.4.2.1. By Type
6.3.4.2.2. By Distribution Channel
6.3.4.3.
Pricing Analysis
6.3.5. Japan Virgin Coconut Oil Market Outlook
6.3.5.1.
Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2.
Market Share & Forecast
6.3.5.2.1. By Type
6.3.5.2.2. By Distribution Channel
6.3.5.3.
7.
Pricing Analysis
North America Virgin Coconut Oil Market Outlook
7.1.
Market Size & Forecast
7.1.1.
7.2.
By Value
Market Share & Forecast
7.2.1.
By Type
7.2.2.
By Application
5
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Page No.
7.2.3. By Distribution Channel
7.2.4. By Country
7.3.
North America: Country Analysis
7.3.1. United States Virgin Coconut Oil Market Outlook
7.3.1.1.
Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2.
Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Distribution Channel
7.3.1.3.
Pricing Analysis
7.3.2. Canada Virgin Coconut Oil Market Outlook
7.3.2.1.
Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2.
Market Share & Forecast
7.3.2.2.1. By Type
7.3.2.2.2. By Distribution Channel
7.3.2.3.
Pricing Analysis
7.3.3. Mexico Virgin Coconut Oil Market Outlook
7.3.3.1.
Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2.
Market Share & Forecast
7.3.3.2.1. By Type
7.3.3.2.2. By Distribution Channel
6
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Page No.
7.3.3.3. Pricing Analysis
8.
Europe Virgin Coconut Oil Market Outlook
8.1.
Market Size & Forecast
8.1.1. By Value
8.2.
Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.3.
8.2.3.
By Distribution Channel
8.2.4.
By Country
Europe: Country Analysis
8.3.1. Netherlands Virgin Coconut Oil Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1.
By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1.
By Type
8.3.1.2.2.
By Distribution Channel
8.3.1.3. Pricing Analysis
8.3.2. France Virgin Coconut Oil Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1.
By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1.
By Type
8.3.2.2.2.
By Distribution Channel
7
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Page No.
8.3.2.3. Pricing Analysis
8.3.3. Russia Virgin Coconut Oil Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1.
By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1.
By Type
8.3.3.2.2.
By Distribution Channel
8.3.3.3. Pricing Analysis
8.3.4
Germany Virgin Coconut Oil Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1.
By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1.
By Type
8.3.4.2.2.
By Distribution Channel
8.3.4.3. Pricing Analysis
8.3.5. United Kingdom Virgin Coconut Oil Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1.
By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1.
By Type
8.3.5.2.2.
By Distribution Channel
8.3.5.3. Pricing Analysis
8.3.6. Italy Virgin Coconut Oil Market Outlook
8
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Contents
Page No.
8.3.6.1. Market Size & Forecast
8.3.6.1.1.
By Value
8.3.6.2. Market Share & Forecast
8.3.6.2.1.
By Type
8.3.6.2.2.
By Distribution Channel
8.3.6.3. Pricing Analysis
9.
Middle East & Africa Virgin Coconut Oil Market Outlook
9.1
Market Size & Forecast
9.1.1. By Value
9.2.
Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By Distribution Channel
9.2.4. By Country
9.3.
MEA: Country Analysis
9.3.1. Saudi Arabia Virgin Coconut Oil Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1.
By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1.
By Type
9.3.1.2.2.
By Distribution Channel
9.3.1.3. Pricing Analysis
9.3.2. UAE Virgin Coconut Oil Market Outlook
9
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S. No.
Contents
Page No.
9.3.2.1. Market Size & Forecast
9.3.2.1.1.
By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1.
By Type
9.3.2.2.2.
By Distribution Channel
9.3.2.3. Pricing Analysis
9.3.3. South Africa Virgin Coconut Oil Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1.
By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1.
By Type
9.3.3.2.2.
By Distribution Channel
9.3.3.3. Pricing Analysis
9.3.4. Qatar Virgin Coconut Oil Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1.
By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1.
By Type
9.3.4.2.2.
By Distribution Channel
9.3.4.3. Pricing Analysis
10.
South America Virgin Coconut Oil Market Outlook
10.1.
Market Size & Forecast
10.1.1.
By Value
10
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S. No.
Contents
10.2.
Page No.
Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
10.2.3. By Distribution Channel
10.2.4. By Country
10.3.
South America: Country Analysis
10.3.1. Brazil Virgin Coconut Oil Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Type
10.3.1.2.2. By Distribution Channel
10.3.1.3. Pricing Analysis
10.3.2. Argentina Virgin Coconut Oil Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Type
10.3.2.2.2. By Distribution Channel
10.3.2.3. Pricing Analysis
10.3.3. Colombia Virgin Coconut Oil Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
11
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Contents
Page No.
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Type
10.3.3.2.2. By Distribution Channel
10.3.3.3. Pricing Analysis
11.
Market Dynamics
11.1.
Drivers/Opportunities
11.2.
Challenges
12.
Market Trends & Developments
13.
Competitive Landscape
14.
13.1.
Competition Outlook
13.2.
Company Profiles (Top 10 Companies)
13.2.1.
Sun Bio Naturals
13.2.2.
Nutiva, Inc.
13.2.3.
NMK Holdings Private Limited
13.2.4.
Greenville Agro Corporation
13.2.5.
iTi Tropicals Inc.
13.2.6.
The Hain Celestial Group
13.2.7.
Edward & Sons Trading Co
13.2.8.
Barlean’s
13.2.9.
Jax Coco
13.2.10.
Naturoca
Strategic Recommendations
12
RESEARCH
METHODOLOG
Y
Research Methodology
Market
Profiling
In-depth secondary
research was conducted to
determine top players in
the global virgin coconut
oil market , overall market
size and segmental market
size.
Formulating
Questionnaire
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
Developing list
of respondents
Data
Collection
Data
Validation
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
List of industry
players and industry
specialists was
developed.
Primary Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
LinkedIn
TechSci Internal
Database
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Final Conclusion
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Primary Research


Desk Research
Secondary
Research







Company Websites
Company Annual
Reports
White Paper Study
Financial Reports
Investor
Presentations
Regulatory Body
Associations, etc.
Data
Analysis
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global virgin coconut oil
market.
Company Analysis
 Market Participants
 Key Strengths
Paid Sources


Factiva
Hoovers
14
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of global virgin coconut oil market. The team has analyzed the outlook of various segments of this
market, while considering the major influencing factors such as the influx of investments and rising demand for coconut oil across the globe, etc., and speculated a
positive growth during the next 5 years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in global virgin coconut oil market .
Methodology Followed for Calculation of Market Size:
•
Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys,
with various key opinion leaders/stakeholders, such as virgin coconut oil market manufacturer and supplier companies, channel partners, market influencers & end users, industry
experts, and other industry participants.
•
The team interviewed more than 15 – 20 virgin coconut oil market manufacturer, supplier and distributor companies, 45 – 50 channel partners, 80 – 100 major end users, and 15
– 20 industry experts and other value chain stakeholders in global virgin coconut oil market to obtain the overall market size from 2014-2018, which was validated by the Delphi
technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018.
15
Research Methodology
•
Respondents were asked about the current and future market growth rates, market shares by type, by application, by distribution channel and by region. Removing the outlier
responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.
Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the by type of virgin coconut oil.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by application, by distribution channel and by region were calculated based on the responses received through primary surveys with industry experts, in which
the respondents were asked about the market shares or revenue generated from various applications of virgin coconut oil. The final shares were calculated by taking the geometric
mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
•
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
•
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the global virgin coconut oil market , TechSci
Research used various forecast techniques such as:

Moving Average

Time Series Analysis

Regression Analysis

Econometric and Judgmental Analysis
16
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short,
medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including
market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed
Key Secondary Sources
 Sun Bio Naturals
 World Bank
 Nutiva, Inc.,
 TechSci Research Proprietary Database & Knowledge
 NMK Holdings Private Limited
Repository
 Greenville Agro Corporation
 Company Annual Reports
 iTi Tropicals Inc.
 Industry Magazines
 The Hain Celestial Group.
 Industry Reports
 Edward & Sons Trading Co.
 News Dailies
 Barlean’s
 Credible Paid Databases
 Jax Coco
 Naturoca
17
INDUSTRY BRIEF
According to TechSci Research report, “Global Virgin Coconut Oil Market By Type, By Application, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024”, global virgin coconut oil market is projected to grow at a CAGR of over 9% during 2019-2024,
on the back of rising health consciousness among consumers and rising consumer expenditure on functional food and beverages. Increasing
investments that are aiding market players to boost their production capabilities and cater to growing demand for coconut oil from consumers are
expected to push global virgin coconut oil market during the forecast period.
Asia-Pacific dominates global virgin coconut oil market and is expected to remain the dominant region during the forecast period as well, backed
by huge production of coconut in the region. Favorable climatic condition in the region is one of the key factors resulting in huge production of
organic virgin coconut in the region. Store-based retail and internet retail are the two distribution channels in virgin coconut oil market. The storebased retail segment dominated the market in 2018 and is expected to continue to lead the market in coming years, owing to the rapid
penetration of supermarket retail chains in developing economies. However, internet retail channel is likely to witness healthy growth over the
next five years, backed by growing popularity of the e-commerce segment. Moreover, e-commerce and technology are transforming this category
with new user experiences, where big brands and small start-ups alike are racing to embrace e-commerce, making this channel even stronger.
“Growing interest of consumers towards natural beauty products is driving demand for virgin coconut oil across the globe, as virgin coconut oil
provides proper nourishment to skin and hair. Moreover, virgin coconut oil is gaining huge traction as a nutraceutical food oil and is getting
popular among health conscious people.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
18
SAMPLE DATA - SNAPSHOT
Global Virgin Coconut Oil Market Size, By Value, 2019E & 2024F (USD Million)
$XX
Global Virgin Coconut Oil Market , By Share, By Company, By Value, 2018
Million
2024F
$XX
XX% CAGR
Million
2019E
Company A
Company B
Company C
Company D
Others
Europe Virgin Coconut Oil Market Size, By Value (USD Million), 2014–2024F
5,00
2014
8,00
7,00
6,00
CAGR By Value
9,00
10,00
2018
2019E
11,00
14,00
CAGR By Value
By Value (USD Million)
XX%
13,00
12,00
15,00
2024F
YY%
Germany Virgin Coconut Oil Market Share, By Distribution Channel, By Value, 2014–2024F
Store-based Retail
Internet Retail
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
2014
2015
2016
2017
2018
2019E
2020F
2021F
2022F
2023F
2024F
19
REPORT ORDERING
Report Name: GLOBAL VIRGIN COCONUT OIL MARKET
MARKET FORECAST & OPPORTUNITIES
2014 – 2024
Report Price
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Price
Electronic Access - Single User License
$4450
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$5450
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$9450
To View Sample OR Purchase Report
20
About Us &
Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research
reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation
of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-bystate basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company
activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors
or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative
market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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