The Global Extra Virgin Coconut Oil Market size is expected to reach $4.8 billion by 2031, rising at a market growth of 8.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,146.59 hundred tonnes, experiencing a growth of 13.5% (2020-2023).
As consumers in the Asia Pacific region embrace their cultural heritage and traditional food ingredients, there is a growing preference for EVCO due to its superior quality and health benefits. Thus, the Asia Pacific region acquired 36.5% revenue share in the market 2023. In the terms of volume Asia Pacific region attained a volume of 438.19 hundred tonnes in the market 2023.Urbanization in China has led to changes in dietary preferences, with urban consumers increasingly seeking healthier and more diverse food options.
The increasing adoption of plant-based diets and lifestyles drives demand for plant-based alternatives to animal-derived products. EVCO, derived from coconuts, is a popular plant-based fat source used in cooking, baking, and frying.
Additionally, Consumers may be more open to trying and integrating EVCO-based products into their regular routines, leading to market diversity and expansion. Hence, higher level of disposable income has been a pivotal factor in driving the growth of the market.
However, Price volatility creates uncertainty for consumers, decreasing confidence in the EVCO. Fluctuating prices may deter consumers from purchasing EVCO products, as they may perceive them as less reliable or too expensive. Reduced consumer confidence can lead to lower demand for EVCO, negatively impacting market growth. Thus, high price volatility can slow down the growth of the market.
By End Use Analysis
On the basis of end use, the market is segmented into B2B and B2C. The B2C segment covered a 33.4% revenue share in the market in 2023. In 2023, the B2C segment attained a volume of 359.83 hundred tonnes in the market. The increase in e-commerce platforms has facilitated consumer access to various EVCO products from suppliers and brands.
By Packaging Analysis
Based on packaging, the market is categorized into metal cans, plastic bottles, and pouches. In 2023, the metal cans segment captured 42.2% revenue share in the market with maximum revenue share. Metal cans provide excellent protection against light, air, and moisture, helping to preserve the freshness, flavor, and quality of EVCO.
By Type Analysis
By type, the market is bifurcated into organic and conventional. The conventional segment acquired 33.1% revenue share in the market in 2023. In the terms of volume, conventional segment attained a volume of 454.94 hundred toones in the market 2023. Conventional EVCO is prized for its culinary versatility and flavor profile, making it a staple ingredient in many cuisines and recipes.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region acquired 27.2% revenue share in the market. North American consumers increasingly prioritize health and wellness, leading to a growing interest in natural and organic products.
List of Key Companies Profiled
- Nutiva, Inc.
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Garden of Life
- Forest Essentials
- MaxCare
- Barlean's Organic Oils, LLC
- Spectrum Organic Products LLC (Hain Celestial Group)
- Celebes Coconut Corporation
- Healthy Traditions, Inc.
- PT. Universal Coco Indonesia
Global Extra Virgin Coconut Oil Market Report Segmentation
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Hundred Tonnes, USD Billion, 2020-2031)
- Metal Cans
- Plastic Bottles
- Pouches
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Extra Virgin Coconut Oil Market, by End Use
- 1.4.2Global Extra Virgin Coconut Oil Market, by Packaging
- 1.4.3Global Extra Virgin Coconut Oil Market, by Type
- 1.4.4Global Extra Virgin Coconut Oil Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Extra Virgin Coconut Oil Market by End Use
- 4.1Global B2B Market by Region
- 4.2Global B2C Market by Region
Chapter 5.Global Extra Virgin Coconut Oil Market by Packaging
- 5.1Global Metal Cans Market by Region
- 5.2Global Plastic Bottles Market by Region
- 5.3Global Pouches Market by Region
Chapter 6.Global Extra Virgin Coconut Oil Market by Type
- 6.1Global Organic Market by Region
- 6.2Global Conventional Market by Region
Chapter 7.Global Extra Virgin Coconut Oil Market by Region
- 7.1North America Extra Virgin Coconut Oil Market
- 7.1.1North America Extra Virgin Coconut Oil Market by End Use
- 7.1.1.1North America B2B Market by Region
- 7.1.1.2North America B2C Market by Region
- 7.1.2North America Extra Virgin Coconut Oil Market by Packaging
- 7.1.2.1North America Metal Cans Market by Country
- 7.1.2.2North America Plastic Bottles Market by Country
- 7.1.2.3North America Pouches Market by Country
- 7.1.3North America Extra Virgin Coconut Oil Market by Type
- 7.1.3.1North America Organic Market by Country
- 7.1.3.2North America Conventional Market by Country
- 7.1.4North America Extra Virgin Coconut Oil Market by Country
- 7.1.4.1US Extra Virgin Coconut Oil Market
- 7.1.4.1.1US Extra Virgin Coconut Oil Market by End Use
- 7.1.4.1.2US Extra Virgin Coconut Oil Market by Packaging
- 7.1.4.1.3US Extra Virgin Coconut Oil Market by Type
- 7.1.4.2Canada Extra Virgin Coconut Oil Market
- 7.1.4.2.1Canada Extra Virgin Coconut Oil Market by End Use
- 7.1.4.2.2Canada Extra Virgin Coconut Oil Market by Packaging
- 7.1.4.2.3Canada Extra Virgin Coconut Oil Market by Type
- 7.1.4.3Mexico Extra Virgin Coconut Oil Market
- 7.1.4.3.1Mexico Extra Virgin Coconut Oil Market by End Use
- 7.1.4.3.2Mexico Extra Virgin Coconut Oil Market by Packaging
- 7.1.4.3.3Mexico Extra Virgin Coconut Oil Market by Type
- 7.1.4.4Rest of North America Extra Virgin Coconut Oil Market
- 7.1.4.4.1Rest of North America Extra Virgin Coconut Oil Market by End Use
- 7.1.4.4.2Rest of North America Extra Virgin Coconut Oil Market by Packaging
- 7.1.4.4.3Rest of North America Extra Virgin Coconut Oil Market by Type
- 7.2Europe Extra Virgin Coconut Oil Market
- 7.2.1Europe Extra Virgin Coconut Oil Market by End Use
- 7.2.1.1Europe B2B Market by Country
- 7.2.1.2Europe B2C Market by Country
- 7.2.2Europe Extra Virgin Coconut Oil Market by Packaging
- 7.2.2.1Europe Metal Cans Market by Country
- 7.2.2.2Europe Plastic Bottles Market by Country
- 7.2.2.3Europe Pouches Market by Country
- 7.2.3Europe Extra Virgin Coconut Oil Market by Type
- 7.2.3.1Europe Organic Market by Country
- 7.2.3.2Europe Conventional Market by Country
- 7.2.4Europe Extra Virgin Coconut Oil Market by Country
- 7.2.4.1Germany Extra Virgin Coconut Oil Market
- 7.2.4.1.1Germany Extra Virgin Coconut Oil Market by End Use
- 7.2.4.1.2Germany Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.1.3Germany Extra Virgin Coconut Oil Market by Type
- 7.2.4.2UK Extra Virgin Coconut Oil Market
- 7.2.4.2.1UK Extra Virgin Coconut Oil Market by End Use
- 7.2.4.2.2UK Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.2.3UK Extra Virgin Coconut Oil Market by Type
- 7.2.4.3France Extra Virgin Coconut Oil Market
- 7.2.4.3.1France Extra Virgin Coconut Oil Market by End Use
- 7.2.4.3.2France Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.3.3France Extra Virgin Coconut Oil Market by Type
- 7.2.4.4Russia Extra Virgin Coconut Oil Market
- 7.2.4.4.1Russia Extra Virgin Coconut Oil Market by End Use
- 7.2.4.4.2Russia Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.4.3Russia Extra Virgin Coconut Oil Market by Type
- 7.2.4.5Spain Extra Virgin Coconut Oil Market
- 7.2.4.5.1Spain Extra Virgin Coconut Oil Market by End Use
- 7.2.4.5.2Spain Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.5.3Spain Extra Virgin Coconut Oil Market by Type
- 7.2.4.6Italy Extra Virgin Coconut Oil Market
- 7.2.4.6.1Italy Extra Virgin Coconut Oil Market by End Use
- 7.2.4.6.2Italy Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.6.3Italy Extra Virgin Coconut Oil Market by Type
- 7.2.4.7Rest of Europe Extra Virgin Coconut Oil Market
- 7.2.4.7.1Rest of Europe Extra Virgin Coconut Oil Market by End Use
- 7.2.4.7.2Rest of Europe Extra Virgin Coconut Oil Market by Packaging
- 7.2.4.7.3Rest of Europe Extra Virgin Coconut Oil Market by Type
- 7.3Asia Pacific Extra Virgin Coconut Oil Market
- 7.3.1Asia Pacific Extra Virgin Coconut Oil Market by End Use
- 7.3.1.1Asia Pacific B2B Market by Country
- 7.3.1.2Asia Pacific B2C Market by Country
- 7.3.2Asia Pacific Extra Virgin Coconut Oil Market by Packaging
- 7.3.2.1Asia Pacific Metal Cans Market by Country
- 7.3.2.2Asia Pacific Plastic Bottles Market by Country
- 7.3.2.3Asia Pacific Pouches Market by Country
- 7.3.3Asia Pacific Extra Virgin Coconut Oil Market by Type
- 7.3.3.1Asia Pacific Organic Market by Country
- 7.3.3.2Asia Pacific Conventional Market by Country
- 7.3.4Asia Pacific Extra Virgin Coconut Oil Market by Country
- 7.3.4.1China Extra Virgin Coconut Oil Market
- 7.3.4.1.1China Extra Virgin Coconut Oil Market by End Use
- 7.3.4.1.2China Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.1.3China Extra Virgin Coconut Oil Market by Type
- 7.3.4.2Japan Extra Virgin Coconut Oil Market
- 7.3.4.2.1Japan Extra Virgin Coconut Oil Market by End Use
- 7.3.4.2.2Japan Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.2.3Japan Extra Virgin Coconut Oil Market by Type
- 7.3.4.3India Extra Virgin Coconut Oil Market
- 7.3.4.3.1India Extra Virgin Coconut Oil Market by End Use
- 7.3.4.3.2India Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.3.3India Extra Virgin Coconut Oil Market by Type
- 7.3.4.4South Korea Extra Virgin Coconut Oil Market
- 7.3.4.4.1South Korea Extra Virgin Coconut Oil Market by End Use
- 7.3.4.4.2South Korea Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.4.3South Korea Extra Virgin Coconut Oil Market by Type
- 7.3.4.5Australia Extra Virgin Coconut Oil Market
- 7.3.4.5.1Australia Extra Virgin Coconut Oil Market by End Use
- 7.3.4.5.2Australia Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.5.3Australia Extra Virgin Coconut Oil Market by Type
- 7.3.4.6Malaysia Extra Virgin Coconut Oil Market
- 7.3.4.6.1Malaysia Extra Virgin Coconut Oil Market by End Use
- 7.3.4.6.2Malaysia Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.6.3Malaysia Extra Virgin Coconut Oil Market by Type
- 7.3.4.7Rest of Asia Pacific Extra Virgin Coconut Oil Market
- 7.3.4.7.1Rest of Asia Pacific Extra Virgin Coconut Oil Market by End Use
- 7.3.4.7.2Rest of Asia Pacific Extra Virgin Coconut Oil Market by Packaging
- 7.3.4.7.3Rest of Asia Pacific Extra Virgin Coconut Oil Market by Type
- 7.4LAMEA Extra Virgin Coconut Oil Market
- 7.4.1LAMEA Extra Virgin Coconut Oil Market by End Use
- 7.4.1.1LAMEA B2B Market by Country
- 7.4.1.2LAMEA B2C Market by Country
- 7.4.2LAMEA Extra Virgin Coconut Oil Market by Packaging
- 7.4.2.1LAMEA Metal Cans Market by Country
- 7.4.2.2LAMEA Plastic Bottles Market by Country
- 7.4.2.3LAMEA Pouches Market by Country
- 7.4.3LAMEA Extra Virgin Coconut Oil Market by Type
- 7.4.3.1LAMEA Organic Market by Country
- 7.4.3.2LAMEA Conventional Market by Country
- 7.4.4LAMEA Extra Virgin Coconut Oil Market by Country
- 7.4.4.1Brazil Extra Virgin Coconut Oil Market
- 7.4.4.1.1Brazil Extra Virgin Coconut Oil Market by End Use
- 7.4.4.1.2Brazil Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.1.3Brazil Extra Virgin Coconut Oil Market by Type
- 7.4.4.2Argentina Extra Virgin Coconut Oil Market
- 7.4.4.2.1Argentina Extra Virgin Coconut Oil Market by End Use
- 7.4.4.2.2Argentina Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.2.3Argentina Extra Virgin Coconut Oil Market by Type
- 7.4.4.3UAE Extra Virgin Coconut Oil Market
- 7.4.4.3.1UAE Extra Virgin Coconut Oil Market by End Use
- 7.4.4.3.2UAE Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.3.3UAE Extra Virgin Coconut Oil Market by Type
- 7.4.4.4Saudi Arabia Extra Virgin Coconut Oil Market
- 7.4.4.4.1Saudi Arabia Extra Virgin Coconut Oil Market by End Use
- 7.4.4.4.2Saudi Arabia Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.4.3Saudi Arabia Extra Virgin Coconut Oil Market by Type
- 7.4.4.5South Africa Extra Virgin Coconut Oil Market
- 7.4.4.5.1South Africa Extra Virgin Coconut Oil Market by End Use
- 7.4.4.5.2South Africa Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.5.3South Africa Extra Virgin Coconut Oil Market by Type
- 7.4.4.6Nigeria Extra Virgin Coconut Oil Market
- 7.4.4.6.1Nigeria Extra Virgin Coconut Oil Market by End Use
- 7.4.4.6.2Nigeria Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.6.3Nigeria Extra Virgin Coconut Oil Market by Type
- 7.4.4.7Rest of LAMEA Extra Virgin Coconut Oil Market
- 7.4.4.7.1Rest of LAMEA Extra Virgin Coconut Oil Market by End Use
- 7.4.4.7.2Rest of LAMEA Extra Virgin Coconut Oil Market by Packaging
- 7.4.4.7.3Rest of LAMEA Extra Virgin Coconut Oil Market by Type
Chapter 8.Company Profiles
- 8.1Nutiva, Inc.
- 8.1.1Company Overview
- 8.1.2Recent strategies and developments:
- 8.1.2.1Acquisition and Mergers:
- 8.1.3SWOT Analysis
- 8.2Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- 8.2.1Company Overview
- 8.2.2SWOT Analysis
- 8.3Garden of Life, LLC (Nestle S.A)
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expenses
- 8.3.5SWOT Analysis
- 8.4Forest Essentials
- 8.4.1Company Overview
- 8.4.2SWOT Analysis
- 8.5Maxcare
- 8.5.1Company Overview
- 8.5.2SWOT Analysis
- 8.6Barlean's Organic Oils, LLC
- 8.6.1Company Overview
- 8.6.2SWOT Analysis
- 8.7Spectrum Organic Products LLC (Hain Celestial Group)
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Regional Analysis
- 8.7.4Research & Development Expense
- 8.7.5SWOT Analysis
- 8.8Celebes Coconut Corporation
- 8.8.1Company Overview
- 8.8.2SWOT Analysis
- 8.9Healthy Traditions, Inc.
- 8.9.1Company Overview
- 8.9.2SWOT Analysis
- 8.10.PT. Universal Coco Indonesia
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning Imperatives of Extra Virgin Coconut Oil Market