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India Coconut Oil Market to Grow at a CAGR of 7.50% During 2022-2027, Aided by the Rising Use of Coconut Oil in Various Applications

According to a new report by EMR titled, ‘India Coconut Oil Market Report and Forecast 2022-2027’, the India market for coconut oil is expected to grow at a CAGR of 7.50% in the forecast period of 2022-2027.

The market for coconut oil in India is being aided by the growing industrial, commercial, and domestic applications. The increasing use of coconut oils in hair care applications is surging the demand for the product, which is propelling the market growth. With the growing utilisation of coconut oil in household cooking, especially in the Southern part, the market is witnessing robust growth. Moreover, coconut oil is used in the production of soaps and bakery products, which is significantly contributing to the growth of the market. As the demand for organic coconut oils is increasing, the focus on the sustainable production of the product is rising, which is providing further impetus to the growth of the market.

Marico Limited (NSE: MARICO), one of the leading companies in the market, launched a range of vegan gourmet products under its brand Coco Soul in April 2019. The range includes 100% natural virgin coconut oil, 100% organic virgin coconut oil, as well as 100% natural infused variants of cold-pressed virgin coconut oils. The oils are extracted from cold-pressed processes to preserve the flavours, nutritional components, and aroma of natural coconuts. The oils are rich sources of medium-chain triglycerides (MCT’s), which makes them easy to digest. Moreover, they provide an instant energy boost and aid in weight management while supporting cognition. The range also features cold-pressed virgin coconut oils infused with hot chilli, delectable oregano, cinnamon, and coriander to be used in versatile cooking applications. The development of such innovative products by the leading companies is increasing the use of coconut oil, which is augmenting the market growth.

Market Analysis by Source, Type, Application, Distribution Channel, and Region:

  • By source, the market can be bifurcated into organic and conventional.
  • The market, on the basis of type, can be divided into virgin, extra-virgin, and refined, among others.
  • Based on application, the industry can be divided into food and beverage, cosmetics, pharmaceuticals, and industrial, among others.
  • The distribution channels for coconut oil include supermarket and hypermarket, convenience store, and online, among others.
  • The regional markets for coconut oil include North India, West India, South India, and East India.

Key Findings of the Report: 

  • The increasing use of coconut oil in cooking applications owing to its high smoke points and easy digestibility is augmenting the market growth.
  • The market is being aided by the growing demand for coconut oil to boost flavour and nutritional profiles in bakery and confectionery products.
  • The increasing use of coconut oil in personal care and cosmetic products is propelling the growth of the market.
  • The rising production of virgin coconut oil due to its versatile uses is providing impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the India market for coconut oil for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the sources, types, applications, distribution channels, and regions of coconut oil in India.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India coconut oil market are Marico Limited, Dabur India Ltd., Patanjali Ayurved Limited, Shalimar Chemical Works Private Ltd., Nutiva Inc., Davidsun Coconut Products (DCP), and Sri Sellandiamman Oil Mill, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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