Virgin Coconut Oil Market is projected to grow $ 4.7 billion at 9% of CAGR By 2024
by mack nene TechSci ResearchRising awareness towards healthy
lifestyle products coupled with growing food & beverages industry to drive
global virgin coconut oil market through 2024
According to TechSci Research
Report, “Global
Virgin Coconut Oil Market stood at $ 2.7 billion in 2018 and is projected to
grow at a CAGR of over 9% during the forecast period to reach $ 4.7 billion
by 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.
Browse 118 Figures spread through 110 Pages and an in-depth TOC on “Global
Virgin Coconut Oil Market"
https://www.techsciresearch.com/report/virgin-coconut-oil-market/4003.html
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 store-based 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.
Asia-Pacific dominated global virgin coconut oil market
in 2018 and is anticipated to maintain its dominating position during the
forecast period as well, owing to huge production of coconut in the region. The
region is also the largest exporter of coconut oil to other geographical
regions. With growing global demand for virgin coconut oil, market players are
finding it difficult to bridge the gap between high demand from consumers.
Various governments in the region are extending technological support to the
players to improve their production capabilities.
Objective of the
Study:
·
To analyze and forecast global virgin coconut oil market size.
·
To classify and forecast global virgin coconut oil market based on
type, application, distribution channel and regional distribution.
·
To identify drivers and challenges for global virgin coconut oil market.
·
To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global virgin coconut oil
market.
·
To conduct the pricing analysis for global virgin coconut oil market.
· To identify and analyze the profile of leading players operating in
global virgin coconut oil market.
Some of the leading players in global virgin coconut oil market are Sun
Bio Naturals, Nutiva, Inc., NMK Holdings Private Limited, Greenville Agro
Corporation, iTi Tropicals Inc., The Hain Celestial Group, Edward & Sons
Trading Co, Barlean’s, Jax Coco and Naturoca.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4003
Customers can also request for 10% free customization on this report.
“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.
“Global Virgin Coconut Oil Market By Type, By Application, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global virgin coconut oil market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global virgin coconut oil market.
Sponsor Ads
Created on Jan 21st 2020 01:06. Viewed 321 times.