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India Coconut Oil Market: By Source: Organic, Conventional; By Type: Virgin, Extra-Virgin, Refined, Others; By Application: Food and Beverage, Cosmetics, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

India Coconut Oil Market Outlook

The India coconut oil market is expected to grow in the forecast period of 2023-2028 at a CAGR of 7.50%.

 

India Coconut Oil Market

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Rising Use of Coconut Oil in Cooking Augmenting the Market Growth in India

The health benefits associated with the use of coconut nut is surging its use in cooking, which is driving the market growth. The high smoke point and antioxidant properties of coconut oil are surging its use in frying, baking, and sautéing activities, thereby augmenting the growth of the market. As coconut oil is enriched with diverse flavours, it is extensively utilised in the cooking of traditional cuisines in the country. Moreover, the growing vegan population in the country is leading to a surge in the incorporation of coconut oil as a substitute for butter, which is significantly contributing to the market growth.

With the rising demand for healthy bakery and confectionery products, coconut oil is extensively used to boost the nutritional profile in the bakery industry, thus fuelling the industry growth. In addition, the high content of saturated fatty acids and the resistance to oxidative rancidity make coconut oil ideal for use in infant formulas, which is providing impetus to the market growth in India.

 

Coconut Oil: Market Segmentation

Coconut oil is an edible oil, which is extracted from coconut palm and contains saturated fat. It has anti-inflammatory, anti-fungal, and anti-microbial properties, due to which it is used as a preventive healthcare measure. It is extensively used in major industries like cosmetics and personal care as well as food and beverages, among others.

 

India Coconut Oil Market by Segment

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The major sources of coconut oil are:

  • Organic
  • Conventional

The market can be broadly categorised on the basis of its types into:

  • Virgin
  • Extra-Virgin
  • Refined
  • Others

By application segment, the market is divided into:

  • Food and Beverage
  • Cosmetics
  • Pharmaceuticals
  • Industrial
  • Others

Based on distribution channel, the market is classified into:

  • Supermarket and Hypermarket
  • Convenience Store
  • Online
  • Others

The EMR report looks into the regional markets of coconut oil in India like North India, East India, South India, and West India.

 

India Coconut Oil Market Report and Forecast

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Robust Growth of the Cosmetics and Personal Care Industry to Augment the Growth of the Coconut Oil Industry

The market for coconut oil is being driven by the robust growth of the cosmetics and personal care industry in India. As coconut oil contains essential minerals and oils, it is incorporated as a moisturising agent in cosmetics and skincare products, thereby fuelling the industry growth. Furthermore, the growing trend of do-it-yourself skincare, popularised during the COVID-19 pandemic, is increasing the use of coconut oil in personal care, which is bolstering the market growth.

The increasing production of virgin coconut oil in India owing to its versatile uses is augmenting the growth of the market. As the prevalence of various health-related issues in India is significantly surging, virgin coconut oil is increasingly preferred in cooking owing to the high content of minerals and vitamin E, hence driving the industry growth. With the rising demand for virgin coconut oil in North American and European regions, its export is increasing. Moreover, the rising availability of diverse and cost-effective virgin coconut oil in India is surging its demand, which is expected to provide further impetus to the industry growth in the forecast period.

 

Key Industry Players in the India Coconut Oil Market

The report presents a detailed analysis of the following key players in the India coconut oil market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Marico Limited
  • Dabur India Ltd.
  • Patanjali Ayurved Limited
  • Shalimar Chemical Works Private Ltd.
  • Nutiva Inc.
  • Davidsun Coconut Products (DCP)
  • Sri Sellandiamman Oil Mill 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical
and Forecast Market Analysis by Segment- Source, Type, Application, Distribution Channel, Region
Breakup by Source Organic, Conventional
Breakup by Type Virgin, Extra-Virgin, Refined, Others
Breakup by Application Food and Beverage, Cosmetics, Pharmaceuticals, Industrial, Others
Breakup by Distribution Channel Supermarket and Hypermarket, Convenience Store, Online, Others
Breakup by Region North India, East India, West India, South India
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Marico Limited, Dabur India Ltd., Patanjali Ayurved Limited, Shalimar Chemical
Works Private Ltd., Nutiva Inc., Davidsun Coconut Products (DCP), Sri Sellandiamman Oil Mill, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    India
7    Industry Opportunities and Challenges
8    India Coconut Oil Market Analysis

    8.1    Key Industry Highlights
    8.2    India Coconut Oil Historical Market (2018-2022) 
    8.3    India Coconut Oil Market Forecast (2023-2028)
    8.4    India Coconut Oil Market by Source
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    India Coconut Oil Market by Type
        8.5.1    Virgin
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Extra-Virgin
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Refined
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    India Coconut Oil Market by Application
        8.6.1    Food and Beverage
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Cosmetics
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Pharmaceuticals
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Industrial
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    India Coconut Oil Market by Distribution Channel
        8.7.1    Supermarket and Hypermarket
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Convenience Store
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    India Coconut Oil Market by Region
        8.8.1    Market Share
            8.8.1.1    North India
            8.8.1.2    East India
            8.8.1.3    West India
            8.8.1.4    South India
9    Regional Analysis
    9.1    North India
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    East India
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
    9.3    West India
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
    9.4    South India
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Marico Limited
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2     Dabur India Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Patanjali Ayurved Limited
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Shalimar Chemical Works Private Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Nutiva Inc.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Davidsun Coconut Products (DCP)
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Sri Sellandiamman Oil Mill 
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Others
15    Industry Events and Developments

 

List of Key Figures and Tables

1.    India Coconut Oil Market: Key Industry Highlights, 2018 and 2028
2.    India Coconut Oil Historical Market: Breakup by Source (INR Million), 2018-2022
3.    India Coconut Oil Market Forecast: Breakup by Source (INR Million), 2023-2028
4.    India Coconut Oil Historical Market: Breakup by Type (INR Million), 2018-2022
5.    India Coconut Oil Market Forecast: Breakup by Type (INR Million), 2023-2028
6.    India Coconut Oil Historical Market: Breakup by Application (INR Million), 2018-2022
7.    India Coconut Oil Market Forecast: Breakup by Application (INR Million), 2023-2028
8.    India Coconut Oil Historical Market: Breakup by Distribution Channel (INR Million), 2018-2022
9.    India Coconut Oil Market Forecast: Breakup by Distribution Channel (INR Million), 2023-2028
10.    India Coconut Oil Historical Market: Breakup by Region (INR Million), 2018-2022
11.    India Coconut Oil Market Forecast: Breakup by Region (INR Million), 2023-2028
12.    Major Importing Countries by Value
13.    Major Exporting Countries by Value
14.    Major Importing Countries by Volume
15.    Major Exporting Countries by Volume
16.    India Coconut Oil Market Structure

Key Questions Answered in the Report

The India coconut oil market is projected to grow at a CAGR of 7.50% between 2023 and 2028.

The market is being aided by the rising use of coconut oil in cooking, the growing vegan population, and the increasing demand for coconut oil in the bakery industry.

The industry is predicted to be propelled by the robust growth of the cosmetics and personal care industry, the growing trend of do-it-yourself skincare, and the increasing production of virgin coconut oil.

The major regions in the industry in India are North India, West India, South India, and East India.

The various sources of coconut oil are organic and conventional.

The major types of coconut oil in the industry are virgin, extra-virgin, and refined, among others.

The various applications of coconut oil are food and beverage, cosmetics, pharmaceuticals, and industrial, among others.

The significant distribution channels in the market are supermarket and hypermarket, convenience store, and online, among others.

The major players in the industry 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.

Analyst Review

The India coconut oil market is driven by the rising use of coconut oil in cooking. Aided by the increasing production of virgin coconut oil, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.50%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the coconut oil industry can be bifurcated into organic and conventional. By type, the market is segmented into virgin, extra-virgin, and refined, among others. Based on applications, the market is classified into food and beverage, cosmetics, pharmaceuticals, and industrial, among others. On the basis of distribution channels, the industry is divided into supermarket and hypermarket, convenience store, and online, among others. The major regional markets for coconut oil in India are East India, South India, West India, and North India. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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