The new report by Expert Market Research titled, ‘India Coconut Oil Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the India coconut oil market, assessing the market based on its segments like sources, types, applications, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
India Coconut Oil Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.50%
Coconut oil promotes weight loss, increase the shine of hair, reduces stress, controls cholesterol, and reduces symptoms of asthma. In this regard, the increasing inclination of Indians towards healthy food products is driving the market growth. The increasing demand for coconut oil from household, for cooking purpose, is further propelling the demand for this product.
Over the forecast period, the anticipated increase in the sale of downstream coconut-oil cosmetic products, owing to the rising disposable income of Indians, is likely to be a major growth aiding factor of the market. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the significantly high production of coconut in emerging economies such as India.
India Coconut Oil Industry Definition and Major Segments
Coconut oil is defined as an edible semi-solid fat which is obtained from fresh coconuts. Coconut oil does not contain cholesterol and approximately 90% saturated fat is present in it. It is a healthy oil which contains vitamin E and the industrial uses of coconut oil include soaps and food products.
On the basis of source, the market can be segmented into:
By type, the market has been divided into:
Based on application, the market can be segmented into:
• Food and Beverage
The market can be categorised based on distribution channel into:
• Supermarket and Hypermarket
• Convenience Store
The regional markets for India coconut oil include:
• North India
• East India
• West India
• South India
India Coconut Oil Market Trends
Coconut oil is used in the treatment of obesity, cancer, and heart disease, among others. In this regard, the increasing research and development activities in the pharmaceutical industry are likely to aid the market growth. Coconut oil is anticipated to witness high demand in biscuits, chocolates, ice creams, and confectionery products, owing to the thriving e-commerce industry in the emerging economies. Moreover, coconut oil is a crucial component in the manufacturing of soaps and moisturisers. Therefore, the growing expansion of the personal care industry, owing to rising disposable income and rapid urbanization, is likely to be a critical trend in the market.
Key Market Players
The major players in the market are:
- Marico Limited
- Dabur India Ltd.
- Patanjali Ayurved Limited
- Shalimar Chemical Works Private Ltd.
- Nutiva Inc.
- Davidsun Coconut Products (DCP)
- Sri Sellandiamman Oil Mill
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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