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Virgin Coconut Oil Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2025
Length 130 Pages
SKU # FOB20106853

Description

Growth Factors of Virgin Coconut Oil Market

The global virgin coconut oil market is experiencing significant growth due to rising consumer preference for natural and organic products, especially in the food & beverage, cosmetics, and personal care industries. According to the latest report from Fortune Business Insights, the virgin coconut oil market size was valued at USD 2.92 billion in 2023 and is projected to reach USD 5.87 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% during the forecast period.

Market Overview

Virgin coconut oil (VCO), also known as unrefined or cold-pressed coconut oil, is extracted from fresh coconut meat without chemical processing or high heat. This method preserves the oil’s nutritional value, natural aroma, and beneficial compounds, making it a preferred choice among health-conscious consumers.

In recent years, VCO has gained traction for its versatility, being used as a cooking oil alternative, skincare moisturizer, hair treatment, dietary supplement, and even as a carrier oil in aromatherapy. The increasing awareness of its health benefits, such as antioxidant, anti-inflammatory, antimicrobial, and lipid-lowering properties, is driving its demand worldwide.

Key Growth Drivers

1. Health and Wellness Trends: Consumers are increasingly opting for natural and organic alternatives to synthetic products. Virgin coconut oil, rich in medium-chain triglycerides (MCTs), supports digestion, metabolism, and immunity, fueling its adoption across demographics.

2. Boom in Organic Beauty Products: VCO is a key ingredient in natural skincare and haircare products. Its hydrating and nourishing qualities make it ideal for lotions, lip balms, conditioners, and soaps—especially in clean-label and cruelty-free beauty segments.

3. Growth in Vegan and Plant-Based Diets: As more consumers embrace vegan and plant-based lifestyles, VCO is being adopted as a healthy, sustainable cooking fat and dairy alternative in vegan recipes and meal replacements.

4. Expanding E-Commerce Distribution: The rise of online retail platforms has made virgin coconut oil more accessible to consumers worldwide. Brands are increasingly leveraging digital channels to market organic, fair-trade, and sustainably sourced VCO products.

Market Segmentation

The virgin coconut oil market is segmented by type, application, and distribution channel:

By Type:

Organic VCO

Inorganic VCO

Organic VCO dominates the segment due to higher consumer preference for chemical-free, environmentally friendly products.

By Application:

Food & Beverage

Cosmetics & Personal Care

Pharmaceuticals

Others

The cosmetics and personal care segment leads the market due to the multifunctionality of VCO in hair and skin formulations.

By Distribution Channel:

Supermarkets/Hypermarkets

Specialty Stores

Online Retail

Others

Online retail is emerging as a fast-growing channel, supported by convenience, availability of global brands, and increasing digital penetration.

Regional Insights

Asia Pacific holds the largest market share, driven by high production volumes in countries such as the Philippines, Indonesia, India, and Sri Lanka. The region benefits from strong domestic consumption and increasing exports to Western markets.

North America is one of the fastest-growing markets due to growing consumer demand for clean-label and organic health products. The U.S. market is expanding rapidly in both food supplements and personal care categories.

Europe is witnessing rising interest in natural oils across wellness and beauty segments. Countries such as Germany, the UK, and France are key importers of VCO for cosmetic manufacturing and organic retail chains.

Latin America and the Middle East & Africa are emerging markets, gradually adopting VCO due to increased awareness and presence of global brands.

Key Players in the Market

Several leading and regional players are competing in the virgin coconut oil space with a focus on sustainability, certifications (organic, fair trade), and innovation. Major companies include:

Nutiva Inc.

Barlean’s Organic Oils LLC

Viva Naturals

Garden of Life

Hain Celestial Group

Cocomate

Maxcare VCO

Wichy Plantation Company

Cargill, Inc.

Marico Limited

These companies are investing in sourcing transparency, eco-friendly packaging, and marketing campaigns focused on health benefits and ethical sourcing.

Conclusion

With growing health consciousness and demand for natural alternatives across the globe, the virgin coconut oil market is poised for strong, sustained growth. Projected to reach USD 5.87 billion by 2032, the market is driven by trends in wellness, clean beauty, plant-based living, and ethical consumption. Businesses that emphasize quality, sustainability, and innovation are well-positioned to succeed in this thriving market.

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 8.33% from 2024 to 2032

Segmentation

By Type

Organic

Conventional

By End-user

Food & Beverages

Pharmaceuticals

Cosmetics and Personal Care Products

By Geography

North America (By Type, End-user, and Country)

U.S. (By End-User)

Canada (By End-User)

Mexico (By End-User)

Europe (By Type, End-user, and Country)

Germany (By End-User)

France (By End-User)

U.K. (By End-User)

Netherlands (By End-User)

Spain (By End-User)

Rest of Europe (By End-User)

Asia Pacific (By Type, End-user, and Country)

China (By End-User)

Indonesia (By End-User)

Philippines (By End-User)

Japan (By End-User)

Singapore (By End-User)

India (By End-User)

Sri Lanka (By End-User)

Rest of Asia Pacific (By End-User)

Rest of the World (By Type, End-user, and Country)

Brazil (By End-User)

Argentina (By End-User)

South Africa (By End-User)

Saudi Arabia (By End-User)

Others in RoW (By End-User)

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Table of Contents

130 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview on the Parent/Related Market
4.1.1. Analysis on Supply and Demand of Raw Material (Coconuts)
4.2. Supply Chain & Regulatory Analysis
4.3. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
4.4. Market Analysis and Insights (in Relation with COVID-19)
4.4.1. Impact of COVID-19 on the Market
4.4.2. Supply Chain Challenges due to the Pandemic
4.4.3. Potential Opportunities to Support the Market during the Global Crisis
5. Global Virgin Coconut Oil Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Type (Value)
5.2.1.1. Organic
5.2.1.2. Conventional
5.2.2. By End-User (Value)
5.2.2.1. Food & Beverages
5.2.2.2. Pharmaceuticals
5.2.2.3. Cosmetics and Personal Care Products
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. Rest of the World
6. North America Virgin Coconut Oil Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Type (Value)
6.2.1.1. Organic
6.2.1.2. Conventional
6.2.2. By End-User (Value)
6.2.2.1. Food & Beverages
6.2.2.2. Pharmaceuticals
6.2.2.3. Cosmetics and Personal Care Products
6.2.3. By Country (Value)
6.2.3.1. U.S
6.2.3.1.1. By End-User (Value)
6.2.3.1.1.1. Food & Beverages
6.2.3.1.1.2. Pharmaceuticals
6.2.3.1.1.3. Cosmetics and Personal Care Products
6.2.3.2. Canada
6.2.3.2.1. By End-User (Value)
6.2.3.2.1.1. Food & Beverages
6.2.3.2.1.2. Pharmaceuticals
6.2.3.2.1.3. Cosmetics and Personal Care Products
6.2.3.3. Mexico
6.2.3.3.1. By End-User (Value)
6.2.3.3.1.1. Food & Beverages
6.2.3.3.1.2. Pharmaceuticals
6.2.3.3.1.3. Cosmetics and Personal Care Products
7. Europe Virgin Coconut Oil Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Type (Value)
7.2.1.1. Organic
7.2.1.2. Conventional
7.2.2. By End-User (Value)
7.2.2.1. Food & Beverages
7.2.2.2. Pharamceuticals
7.2.2.3. Cosmetics and Personal Care Products
7.2.3. By Country (Value)
7.2.3.1. Germany
7.2.3.1.1. By End-User (Value)
7.2.3.1.1.1. Food & Beverages
7.2.3.1.1.2. Pharmaceuticals
7.2.3.1.1.3. Cosmetics and Personal Care Products
7.2.3.2. France
7.2.3.2.1. By End-User (Value)
7.2.3.2.1.1. Food & Beverages
7.2.3.2.1.2. Pharmaceuticals
7.2.3.2.1.3. Cosmetics and Personal Care Products
7.2.3.3. U.K.
7.2.3.3.1. By End-User (Value)
7.2.3.3.1.1. Food & Beverages
7.2.3.3.1.2. Pharmaceuticals
7.2.3.3.1.3. Cosmetics and Personal Care Products
7.2.3.4. Netherlands
7.2.3.4.1. By End-User (Value)
7.2.3.4.1.1. Food & Beverages
7.2.3.4.1.2. Pharmaceuticals
7.2.3.4.1.3. Cosmetics and Personal Care Products
7.2.3.5. Spain
7.2.3.5.1. By End-User (Value)
7.2.3.5.1.1. Food & Beverages
7.2.3.5.1.2. Pharmaceuticals
7.2.3.5.1.3. Cosmetics and Personal Care Products
7.2.3.6. Rest of Europe
7.2.3.6.1. By End-User (Value)
7.2.3.6.1.1. Food & Beverages
7.2.3.6.1.2. Pharmaceuticals
7.2.3.6.1.3. Cosmetics and Personal Care Products
8. Asia-Pacific Virgin Coconut Oil Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Type (Value)
8.2.1.1. Organic
8.2.1.2. Conventional
8.2.2. By End-User (Value)
8.2.2.1. Food & Beverages
8.2.2.2. Pharamceuticals
8.2.2.3. Cosmetics and Personal Care Products
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By End-User (Value)
8.2.3.1.1.1. Food & Beverages
8.2.3.1.1.2. Pharmaceuticals
8.2.3.1.1.3. Cosmetics and Personal Care Products
8.2.3.2. Indonesia
8.2.3.2.1. By End-User (Value)
8.2.3.2.1.1. Food & Beverages
8.2.3.2.1.2. Pharmaceuticals
8.2.3.2.1.3. Cosmetics and Personal Care Products
8.2.3.3. Philippines
8.2.3.3.1. By End-User (Value)
8.2.3.3.1.1. Food & Beverages
8.2.3.3.1.2. Pharmaceuticals
8.2.3.3.1.3. Cosmetics and Personal Care Products
8.2.3.4. Japan
8.2.3.4.1. By End-User (Value)
8.2.3.4.1.1. Food & Beverages
8.2.3.4.1.2. Pharmaceuticals
8.2.3.4.1.3. Cosmetics and Personal Care Products
8.2.3.5. Singapore
8.2.3.5.1. By End-User (Value)
8.2.3.5.1.1. Food & Beverages
8.2.3.5.1.2. Pharmaceuticals
8.2.3.5.1.3. Cosmetics and Personal Care Products
8.2.3.6. India
8.2.3.6.1. By End-User (Value)
8.2.3.6.1.1. Food & Beverages
8.2.3.6.1.2. Pharmaceuticals
8.2.3.6.1.3. Cosmetics and Personal Care Products
8.2.3.7. Sri Lanka
8.2.3.7.1. By End-User (Value)
8.2.3.7.1.1. Food & Beverages
8.2.3.7.1.2. Pharmaceuticals
8.2.3.7.1.3. Cosmetics and Personal Care Products
8.2.3.8. Rest of Asia-Pacific
8.2.3.8.1. By End-User (Value)
8.2.3.8.1.1. Food & Beverages
8.2.3.8.1.2. Pharmaceuticals
8.2.3.8.1.3. Cosmetics and Personal Care Products
9. Rest of the World Virgin Coconut Oil Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Type (Value)
9.2.1.1. Organic
9.2.1.2. Conventional
9.2.2. By End-User (Value)
9.2.2.1. Food & Beverages
9.2.2.2. Pharamceuticals
9.2.2.3. Cosmetics and Personal Care Products
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By End-User (Value)
9.2.3.1.1.1. Food & Beverages
9.2.3.1.1.2. Pharmaceuticals
9.2.3.1.1.3. Cosmetics and Personal Care Products
9.2.3.2. Argentina
9.2.3.2.1. By End-User (Value)
9.2.3.2.1.1. Food & Beverages
9.2.3.2.1.2. Pharmaceuticals
9.2.3.2.1.3. Cosmetics and Personal Care Products
9.2.3.3. South Africa
9.2.3.3.1. By End-User (Value)
9.2.3.3.1.1. Food & Beverages
9.2.3.3.1.2. Pharmaceuticals
9.2.3.3.1.3. Cosmetics and Personal Care Products
9.2.3.4. Saudi Arabia
9.2.3.4.1. By End-User (Value)
9.2.3.4.1.1. Food & Beverages
9.2.3.4.1.2. Pharmaceuticals
9.2.3.4.1.3. Cosmetics and Personal Care Products
9.2.3.5. Others in RoW
9.2.3.5.1. By End-User (Value)
9.2.3.5.1.1. Food & Beverages
9.2.3.5.1.2. Pharmaceuticals
9.2.3.5.1.3. Cosmetics and Personal Care Products
10. Competitive Matrix
10.1. Business Strategies Adopted by Leading Players
10.2. Global Virgin Coconut Oil Market Share/Ranking Analysis, By Key Manufacturer
11. Company Profiles
11.1. Edward Sons & Trading Co.
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent DevelopHouseholdts
11.2. Greenville Agro Corporation
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent DevelopHouseholdts
11.3. The Coconut Company (UK) Ltd.
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent DevelopHouseholdts
11.4. Healthy Traditions, Inc.
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent DevelopHouseholdts
11.5. Nutiva Inc.
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent DevelopHouseholdts
11.6. The Hain Celestial Group, Inc.
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent DevelopHouseholdts
11.7. MaxCare VCO
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent DevelopHouseholdts
11.8. Celebs Coconut Corporation
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent DevelopHouseholdts
11.9. SC Global
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent DevelopHouseholdts
11.10. Barlean's
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent DevelopHouseholdts
12. Appendix

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