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Philippines Coconut Oil Market Report and Forecast 2025-2034

Publisher Expert Market Research
Published May 30, 2025
Length 97 Pages
SKU # EMAR20079153

Description

The Philippines coconut oil market is projected to grow at a CAGR of 2.70% between 2025 and 2034.

Philippines Coconut Oil Market Growth

Due to the many health benefits associated with using coconut oil for cooking, these oils are widely becoming popular among consumers. Having a high smoke point and stable saturated fat composition make them suitable for frying and baking applications imparting a distinct flavour to dishes. Mostly used in snacks, baked and dairy alternative food products to enhance their texture and shelf life.

In August 2023, the Department of Agriculture and the Philippine Coconut Authority initiated the 100 million seedlings project to bolster coconut cultivation in Mindanao and the northern regions. The project received an initial funding of PHP 100 million. In collaboration with the indigenous population, this project aimed to use open areas for planting and ensure environmental conservation.

The presence of lauric acid, a medium-chain fatty acid in coconut oil allows it to have antibacterial, antifungal and antiviral properties making it suitable for the pharmaceutical industry. Moreover, due to their moisturizing properties, they are used across a wide range of creams, lotions and hair care formulations. The neuroprotective and cognitive-enhancing effects of consuming this oil make it a suitable ingredient to produce many health supplements.

Philippines Coconut Oil Industry Segmentation

Philippines Coconut Oil Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

RBD
Virgin
Crude

Market Breakup by Nature

Conventional
Organic

Market Breakup by Source

Wet Coconut
Dry Coconut

Market Breakup by Application

Food and Beverages
Pharmaceuticals
Cosmetic and Personal Care
Others

Philippines Coconut Oil Market Share

Dry coconut, with higher oil content and longer shelf life, is ideal for economical coconut oil extraction, offering quality and nutritional consistency. Wet coconut, used for virgin coconut oil, retains natural taste and nutrients, suitable for culinary uses, enhancing metabolism and immune health.

Leading Companies in the Philippines Coconut Oil Market

The growth of the coconut oil market is fueled by increased consumption of food and beverages due to growing awareness of its culinary benefits. Its usage across industries also contributes to its expansion.
Greenville Agro Corporation
Royce Food Corporation
Archer-Daniels-Midland Co.
Cargill Inc.
Tantuco Enterprises, Inc.
Celebes Coconut Corporation
Bunge Global S.A.
HanCole Corporation
Others

Table of Contents

97 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Coconut Oil Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Coconut Oil Historical Market (2018-2024)
5.3 Asia Pacific Coconut Oil Market Forecast (2025-2034)
6 Philippines Coconut Oil Market Overview
6.1 Key Industry Highlights
6.2 Philippines Coconut Oil Historical Market (2018-2024)
6.3 Philippines Coconut Oil Market Forecast (2025-2034)
7 Philippines Coconut Oil Market by Product Type
7.1 RBD
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Virgin
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Crude
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
8 Philippines Coconut Oil Market by Nature
8.1 Conventional
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Organic
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 Philippines Coconut Oil Market by Source
9.1 Wet Coconut
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Dry Coconut
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 Philippines Coconut Oil Market by Application
10.1 Food and Beverages
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Pharmaceuticals
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Cosmetic and Personal Care
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code – 151311, 151319)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Greenville Agro Corporation
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 Royce Food Corporation
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 Archer-Daniels-Midland Co.
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Cargill Inc.
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 Tantuco Enterprises, Inc.
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 Celebes Coconut Corporation
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Bunge Global S.A.
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 HanCole Corporation
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 Others

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