Reports
India Coconut Oil Market Share, Size, Growth, Trends, Analysis: By Source: Organic, Conventional; By Type: Virgin, Extra-Virgin, Refined, Others; By Application: Food and Beverage, Cosmetics, Pharmaceuticals, Industrial, Others; By Distribution Channel: Supermarket and Hypermarket, Others; Regional Analysis; Competitive Landscape; 2023-2028
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%.
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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.
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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, 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 and Central India, South India, and West India.
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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:
- Cocoguru Coconut Industries Private Limited
- Sri Sellandiamman Oil Mill
- Marico Limited
- Patanjali Ayurved Limited
- Forest Essentials
- Kama Ayurveda Pvt. Ltd.
- Mahavir Coconut Industries
- Dabur Ltd
- Organic India Private Limited
- Kayal Agro Foods
- Shalimar Chemical Works Private Ltd
- Old Goa Oils and Foods Private Limited
- JSP FOODS
- 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.
Key Highlights of the Report
| 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:
|
| Breakup by Source |
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Coconut Oil Market Overview
8.1 Key Industry Highlights
8.2 Global Coconut Oil Historical Market (2018-2022)
8.3 Global Coconut Oil Market Forecast (2023-2028)
8.4 Global Coconut Oil Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Coconut Oil Market Overview
9.1 Key Industry Highlights
9.2 India Coconut Oil Historical Market (2018-2022)
9.3 India Coconut Oil Market Forecast (2023-2028)
10 India Coconut Oil Market by Source
10.1 Organic
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Conventional
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 India Coconut Oil Market by Type
11.1 Virgin
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Extra Virgin
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Refined
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Others
12 India Coconut Oil Market by Application
12.1 Food and Beverage
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Cosmetics
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Pharmaceuticals
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Industrial
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Others
13 India Coconut Oil Market by Distribution Channel
13.1 Supermarket and Hypermarket
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Convenience Store
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Online
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Others
14 India Coconut Oil Market by Region
14.1 North India
14.1.1 Historical Trend (2018-2022)
14.1.2 Forecast Trend (2023-2028)
14.2 East and Central India
14.2.1 Historical Trend (2018-2022)
14.2.2 Forecast Trend (2023-2028)
14.3 West India
14.3.1 Historical Trend (2018-2022)
14.3.2 Forecast Trend (2023-2028)
14.4 South India
14.4.1 Historical Trend (2018-2022)
14.4.2 Forecast Trend (2023-2028)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code – 151311 and 151319)
17.1 Major Importing Countries
17.1.1 By Volume
17.1.2 By Value
17.2 Major Exporting Countries
17.2.1 By Volume
17.2.2 By Value
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Cocoguru Coconut Industries Private Limited
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 Sri Sellandiamman Oil Mill
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 Marico Limited
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 Patanjali Ayurved Limited
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Forest Essentials
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Kama Ayurveda Pvt. Ltd.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Mahavir Coconut Industries
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Dabur Ltd
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Organic India Private Limited
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Kayal Agro Foods
19.2.10.1 Company Overview
19.2.10.2 Product Portfolio
19.2.10.3 Demographic Reach and Achievements
19.2.10.4 Certifications
19.2.11 Shalimar Chemical Works Private Ltd
19.2.11.1 Company Overview
19.2.11.2 Product Portfolio
19.2.11.3 Demographic Reach and Achievements
19.2.11.4 Certifications
19.2.12 Old Goa Oils and Foods Private Limited
19.2.12.1 Company Overview
19.2.12.2 Product Portfolio
19.2.12.3 Demographic Reach and Achievements
19.2.12.4 Certifications
19.2.13 JSP FOODS
19.2.13.1 Company Overview
19.2.13.2 Product Portfolio
19.2.13.3 Demographic Reach and Achievements
19.2.13.4 Certifications
19.2.14 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Coconut Oil Market: Key Industry Highlights, 2018 and 2028
2. India Coconut Oil Market: Key Industry Highlights, 2018 and 2028
3. India Coconut Oil Historical Market: Breakup by Source (USD Million), 2018-2022
4. India Coconut Oil Market Forecast: Breakup by Source (USD Million), 2023-2028
5. India Coconut Oil Historical Market: Breakup by Type (USD Million), 2018-2022
6. India Coconut Oil Market Forecast: Breakup by Type (USD Million), 2023-2028
7. India Coconut Oil Historical Market: Breakup by Application (USD Million), 2018-2022
8. India Coconut Oil Market Forecast: Breakup by Application (USD Million), 2023-2028
9. India Coconut Oil Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
10. India Coconut Oil Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
11. India Coconut Oil Historical Market: Breakup by Region (USD Million), 2018-2022
12. India Coconut Oil Market Forecast: Breakup by Region (USD Million), 2023-2028
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. 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 market in India are North India, East and Central India, South India, and West 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 market are Cocoguru Coconut Industries Private Limited, Sri Sellandiamman Oil Mill, Marico Limited, Patanjali Ayurved Limited, Forest Essentials, Kama Ayurveda Pvt. Ltd., Mahavir Coconut Industries, Dabur Ltd, Organic India Private Limited, Kayal Agro Foods, Shalimar Chemical Works Private Ltd, Old Goa Oils and Foods Private Limited, and JSP FOODS, 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 market. Based on its sources, the coconut oil market 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 market is divided into supermarket and hypermarket, convenience store, and online, among others. The major regional markets for coconut oil in India are North India, East and Central India, South India, and West India. The key players in the above market include Cocoguru Coconut Industries Private Limited, Sri Sellandiamman Oil Mill, Marico Limited, Patanjali Ayurved Limited, Forest Essentials, Kama Ayurveda Pvt. Ltd., Mahavir Coconut Industries, Dabur Ltd, Organic India Private Limited, Kayal Agro Foods, Shalimar Chemical Works Private Ltd, Old Goa Oils and Foods Private Limited, and JSP FOODS, 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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