North America Coconut Oil Market By Product Type (Virgin Coconut Oil, and Coconut RBD Oil), By Price Point (Mass and Premium), By Application (Food industry, Agriculture, Cosmetics & personal care industry, Chemical Industry, and Others), By Packaging (Bottle, Jar, Can, Pouch, Tanks, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
The North America Coconut Oil Market would witness market growth of 4.6% CAGR during the forecast period (2021-2027).
The utilization of coconut oil in food products is very helpful in gaining quick energy, which is creating more demand for coconut oil among the manufacturers of various food products. Manufacturers of various bakery items are increasingly using coconut oil in their products, which is boosting the demand for the product and hence, augmenting the growth of the coconut oil market. Coconut oil is widely used in various ready-to-east snacks, due to the various health benefits, which would accelerate the demand and growth of the coconut oil market in the coming years.
The coconut oil market is witnessing a prominent adoption in North America, owing to the growing demand for health supplements, increasing disposable income, and the large adoption of beauty products. In addition, the emerging trend of utilizing coconut oil to create biodiesel fuel as an option to traditional diesel fuel has achieved prominence in the last few years. Thus, these factors are expected to create lucrative growth opportunities for the players operating in the regional coconut oil market during the forecast period.
The US market dominated the North America Coconut Oil Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $618.1 million by 2027. The Canada market is expected to witness a CAGR of 7% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 6.1% during (2021 - 2027).
Based on Product Type, the market is segmented into Virgin Coconut Oil, and Coconut RBD Oil. Based on Price Point, the coconut oil market is divided into Mass and Premium. Based on Application, the market is segmented into Food industry, Agriculture, Cosmetics & personal care industry, Chemical Industry, and Others. Based on Packaging, the coconut oil market is segregated into Bottle, Jar, Can, Pouch, Tanks, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., Archer Daniels Midland Company, Bunge Limited, Adani Wilmar Limited, Wichy Plantation Company (Pvt) Ltd (Bitumix (Pvt) Ltd), Windmill Organics Ltd., Marico Limited, Cargill Corporation.
Scope of the Study
Market Segments covered in the Report:
By Product Type
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