Growth of Coconut Oil Market Analysis is Projected to Reach Nearly US$ 3 Bn by 2022-end

Posted on 2018-05-02 by Mark Hub in Food & Beverage // 0 Comments

Rockville, US, 2018-May-02 — /EPR Network/ — A freshly compiled business intelligent report, titled “Coconut Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Coconut Oil” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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The coconut tree is known for its incredible versatility and many uses – that range from food all the way to cosmetics. Coconuts are a large part of the diets of people in tropical and subtropical countries and coconut oil is a key product for such a vast consumer base. While the demand for coconut oil has gone up considerably in the last decade, global coconut cultivation has been unable to keep up with this spike. The coconut supply has slowly gone down which has driven up the prices of coconut oil. The demand for coconut sugar and coconut water has left less raw material to turn into coconut oil, pointing to potentially challenging times ahead in the global coconut oil market.

This section offers a detailed view of the global coconut oil market, comprising the market introduction, along with the standard definition of product – coconut oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.

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Foodservice and Food Processor Key in the Coconut Oil Market

Together, the foodservice and food process segment have a revenue share exceeding 2/3^rd in the coconut oil market by end user segment and key stakeholders are advised to look at both extremely carefully. A revenue share of more than US$ 1.2 billion in 2022 makes foodservice particularly enticing and Europe alone contributes around 1/3^rd revenue. The food processor segment is not predicted to cross a billion dollars by the end of the forecast period and companies could seek to target APEJ along with Europe as they are the largest regions by a considerable margin in the coconut oil market.

Large Opportunity in Retail Segment of the Coconut Oil Market

The retail segment accounts for slightly over a third revenue share of the coconut oil market by end user segment which is poised to be an opportunity of more than US$ 1.1. Billion in 2022. A CAGR of 4.8% makes Europe the most attractive region and companies are recommended to take this into account while devising their long-term strategies in the coconut oil market. Along with Europe, the under-penetrated Latin America market should be well worth their time as it is also on track to record a high CAGR.

Modern Trade Twice the Size of Franchise Outlets in Coconut Oil Market

The modern trade segment is twice the size of franchise outlets in the coconut oil market and it is not estimated to lose this commanding lead anytime soon. Europe is the only region that is projected to record a CAGR of 4.7% from 2017 to 2022 which should help it strengthen its lead even more in the coconut oil market. Franchise outlets are much smaller in comparison and are only going to cross half a billion dollars by the end of 2022.

Competition Analysis

The main competitors in the coconut oil market are Adani Wilmar, Ruchi Soya, Associated British Foods, Cargill, and Archer Daniels Midlands Company.

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