Press Release-Virgin Coconut Oil Market to Reach Valuation of USD 4 Billion by 2028 - Rising Health Benefits from Virgin Coconut Oil is Expected to Generate Revenue in the Market
Vantage Market Research |
Virgin Coconut Oil Market to Reach Valuation of USD 4 Billion by 2028 - Rising Health Benefits from Virgin Coconut Oil is Expected to Generate Revenue in the Market
In terms of revenue, the Global Virgin Coconut Oil Market is expected to reach USD 4 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 9.7% during 2022-2028.
Virgin Coconut Oil Market is an edible oil extracted from the kernel or meat of mature coconuts harvested from coconut palms. The major factors driving the growth of the market are the increasing health benefits offered by Virgin Coconut Oil Market and its increasing popularity in developed countries.
Key Findings:
The availability and supply of coconut fruits largely affect the price of copra. According to research, it is found that approximately 85% of the Virgin Coconut Oil Market production cost is comprised of expenses related to copra production. Producers and exporters offer lower prices on bulk sales rather than retail of chemical solvents and therefore is not recommended in food. Consumption of virgin coconut oil peaked in 2018 as it originally grew in popularity as a health food, causing the price to increase significantly as well. However, alternatives to Virgin Coconut Oil Market are slowly emerging in the market. Ghee is becoming popular and interest is gathering pace on the back of diets.
Asia Pacific dominated the Global Virgin Coconut Oil Market in 2021 and is likely to continue the same trend during the forecast period. An increase in government initiatives and support for Virgin Coconut Oil Market growth is likely to generate demand in this region for this market in near future. Increasing demand for Virgin Coconut Oil Market for a healthy diet and increasing inclination towards awareness of health in countries such as India & China are further adding to the spotlight. Significant improvements in the coconut oil intake of the young generation, especially in the developing economies, are providing a thrust to the Virgin Coconut Oil Market growth.
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Access Full Report
Virgin Coconut Oil Market to Reach Valuation of USD 4 Billion by 2028 - Rising Health Benefits from Virgin Coconut Oil is Expected to Generate Revenue in the Market
This report by Vantage Market Research delivers comprehensive analysis of Somatostatin Analogs Market , focusing on Market Size, Share & Trends Analysis Report by Type (Octreotide, Lanreotide, Pasireotide) by Application (Acromegaly, Neuroendocrine Tumors (NETs), Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Request SampleRelated Reports
Healthcare
Veterinary Care Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Healthcare
Surgical Imaging Market Size, Share & Trends Analysis Report.
13 Nov 2023
10 Min Read
Latest Blogs
13 Nov 2023
Veterinary Care Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
13 Nov 2023
Surgical Imaging Market Size, Share & Trends Analysis Report.
Healthcare
Contact
Toll Free Number+1 (877) 462-2282