Description
Owning to the high nutritional value and diverse application majorly across the personal care industry, the demand for organic virgin coconut oil is experiencing a surge. The global market for organic virgin coconut oil is projected to reach a market value of USD 1.28 billion at a CAGR of 10.98% by 2022. Asia Pacific is anticipated to account for a major market share of more than 95% during the forecast period. Favorable climatic condition in the region is one of the key factors for the increased production of organic virgin coconut in the region which further facilitates the growth of organic virgin coconut oil in Asia Pacific region. Asia pacific is projected to account for a value of more than USD 660 million in the year 2016.
The production of organic virgin coconut oil will witness the highest growth rate of 15.33% during the given period owing to rising production capacity of organic virgin coconut oil in various Mexico and Venezuela. Rising consumer’s awareness about the health benefits of consumption of chemical-free organic virgin coconut oil is also anticipated to be one of the key reasons for its increased market share in the region.
On the basis of application, personal care products is evaluated to dominate the market and is projected to hold a major share of more than 45% in the global market organic virgin coconut oil market. Diverse application of coconut oil in skin and hair care products is supporting the escalating share of organic virgin coconut oil based on its high nutritional value than the conventional coconut oil.
Key Players
Some of the leading players in the global organic virgin coconut oil market are: Nutiva, Inc. (U.S.), Celebes Coconut Corporation (the Philippines), Greenville Agro Corporation (the Philippines), Earth Born Co.,Ltd. (Thailand), Vita Coco (U.S.), Farm Direct Coconuts (U.S.), Parker Biotech Private Ltd (India)
Target Audience
• Organic virgin coconut oil manufacturers
• Personal care product manufacturers
• Pharmaceutical Industry
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• Global organic virgin coconut oil market is projected to reach USD 1.28 billion by 2022 at a growth rate of 10.98%
• America will experience the highest growth at a rate of 15.33% during the given forecast period
• Application of organic virgin coconut oil in health care sector is projected to have a high growth rate of 5.14%
Regional and Country Analysis of Organic Virgin Coconut Oil market Development and the Demand Forecast till 2022 Market
As per the MRFR analysis, the global market for organic virgin coconut oil has been witnessing continued demand during the forecast period owning to rising population of consumers adopting organic and healthy food consumption trends. In terms of value and volume both, Asia Pacific is estimated to dominate the organic virgin coconut oil market holding the lion’s share of more than 90%. Also, Africa will hold the second largest share in the global organic virgin coconut oil market and is projected to grow at a rate of 14.4%
The reports also cover country level analysis:
• America
o Brazil
o Ecuador
o El Salvador
o Guyana
o Mexico
o Venezuela
o Suriname
• Asia Pacific
o Bangladesh
o Cambodia
o India
o Indonesia
o Malaysia
o Pakistan
o Philippines
o Sri Lanka
o Thailand
o Viet Nam
• Africa
o Benin
o Comoros
o Côte d’Ivoire
o Ghana
o Guinea
o Guinea-Bissau
o Kenya
o Madagascar
o Mozambique
o Nigeria
o Togo
o Tanzania
• RoW
o Dominican Republic
o Fiji
o French Polynesia
o Jamaica
o Kiribati
o Micronesia
o Papua New Guinea
o Samoa
o Solomon Islands
o Tonga
o Trinidad and Tobago
o Vanuatu
ACRONYMS 9
1 Executive Summary 10
2 Introduction 11
2.1 Definition 11
2.1.1 Organic Virgin Coconut Oil 11
2.2 Scope of the Study 11
2.2.1 Research Methodology 11
2.3 Assumptions 12
2.4 Limitations 12
2.5 Market Structure 12
2.5.1 Global Organic Virgin Coconut Oil, By Application 12
2.5.2 Global Organic Virgin Coconut Oil, By Region 12
3 Research Methodology 13
3.1 Research Process 13
3.2 Primary Research 15
3.3 Secondary Research 16
3.4 Forecast Model 17
4 Premium Insights 18
4.1 Global Organic Virgin Coconut Oil Market: Market Mapping & Research Methodology 18
4.2 Market Overview: Global Organic Virgin Coconut Oil Market 19
5 Market Dynamics 20
5.1 Introduction 20
5.2 Drivers: 21
5.2.1 Rising demand for functional food oils: 21
5.2.2 Higher shelf-life: 21
5.2.3 Increasing demand for personal care products: 21
5.3 Restraints: 21
5.3.1 Poor productivity and limited access to quality organic planting material: 21
5.3.2 Niche Market: 21
5.4 Opportunities: 23
5.4.1 Product improvisations: 23
5.4.2 Product Promotions: 23
5.5 Challenges: 24
5.5.1 Higher prices: 24
5.5.2 Sanitation in processing area: 24
5.6 Macroeconomic indicators analysis 25
6 Market Factor Analysis 27
6.1 Introduction 27
6.2 Value Chain Analysis 27
6.3 Supply Chain Analysis 29
6.4 Porter’s Five Forces 29
6.4.1 Porter’s 5 Forces Analysis: Organic Virgin Coconut Oil Market 30
6.4.2 Threat of New Entrants 31
6.4.3 Threat of Substitutes 31
6.4.4 Bargaining Power of Buyers 31
6.4.5 Bargaining Power of Suppliers 32
6.4.6 Intensity of Rivalry 32
7 Global Organic and Conventional Virgin Coconut Oil Market Overview 33
7.1 Global Organic Virgin coconut oil Market 33
7.2 Global Organic Virgin coconut oil Market by Application 35
7.3 Global Conventional Virgin coconut oil Market 36
8 America Organic and Conventional Virgin coconut oil Market Overview 38
8.1 America Organic Virgin coconut oil Market 38
8.2 America Organic Virgin coconut oil Market by Application 40
8.3 America Conventional Virgin coconut oil Market 41
8.4 Price trends of Organic and Conventional Virgin coconut oil Market in America 43
9 Africa Organic and Conventional Virgin coconut oil Market Overview 46
9.1 Africa Organic Virgin coconut oil Market 46
9.2 Africa Organic Virgin coconut oil Market by Application 50
9.3 Africa Conventional Virgin coconut oil Market 51
9.4 Price trends of Organic and Conventional Virgin coconut oil Market in Africa 55
10 Asia Pacific Organic and Conventional Virgin coconut oil Market Overview 59
10.1 Asia Pacific Organic Virgin coconut oil Market 59
10.2 Asia Pacific Organic Virgin coconut oil Market by Application 62
10.3 Asia Pacific Conventional Virgin coconut oil Market 63
10.4 Price trends of Organic and Conventional Virgin coconut oil Market in Asia Pacific 67
11 Rest of World Organic and Conventional Virgin coconut oil Market Overview 70
11.1 Rest of World Organic Virgin coconut oil Market 70
11.2 Rest of World Organic Virgin coconut oil Market by Application 74
11.3 Rest of World Conventional Virgin coconut oil Market 75
11.4 Price trends of Organic and Conventional Virgin coconut oil Market in Rest of World 79
12 Global Organic Virgin coconut oil Suppliers Profiles/Analysis 83
12.1 Nutiva, Inc. (U.S.) 83
12.2 Celebes Coconut Corporation (Philippines) 83
12.3 Greenville Agro Corporation (Philippines) 85
12.4 Earth Born Co.,Ltd. (Thailand) 86
12.5 Vita Coco (U.S.) 87
13 Global Organic Virgin coconut oil Buyers Profiles/Analysis 88
13.1 Hain Celestial Group, Inc. (U.S.) 88
13.2 Coconut Country Living, LLC (U.S.) 89
13.3 Marico Limited (India) 90
13.4 CoCo & Co (U.S.) 91
TABLE 1 PESTLE ANALYSIS: INDONESIA 25
TABLE 2 PESTLE ANALYSIS- PHILIPPINES 26
TABLE 3 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 33
TABLE 4 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 33
TABLE 5 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 34
TABLE 6 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 34
TABLE 7 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2007-2015, TONS 35
TABLE 8 GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2016-2022, TONS 35
TABLE 9 GLOBAL CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 36
TABLE 10 GLOBAL CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 36
TABLE 11 GLOBAL CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 36
TABLE 12 GLOBAL CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 37
TABLE 13 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 38
TABLE 14 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 38
TABLE 15 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 39
TABLE 16 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 39
TABLE 17 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2007-2015, TONS 40
TABLE 18 AMERICA ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2016-2022, TONS 40
TABLE 19 AMERICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 41
TABLE 20 AMERICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 41
TABLE 21 AMERICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 42
TABLE 22 AMERICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 42
TABLE 23 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN AMERICA, 2007-2016 45
TABLE 24 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN AMERICA, 2017-2022 45
TABLE 25 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 46
TABLE 26 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 47
TABLE 27 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 48
TABLE 28 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 49
TABLE 29 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2007-2015, TONS 50
TABLE 30 AFRICA ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2016-2022, TONS 50
TABLE 31 AFRICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 51
TABLE 32 AFRICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 52
TABLE 33 AFRICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 53
TABLE 34 AFRICA CONVETIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 54
TABLE 35 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN AFRICA, 2007-2015 57
TABLE 36 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN AFRICA, 2016-2022 58
TABLE 37 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 59
TABLE 38 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 60
TABLE 39 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 60
TABLE 40 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 60
TABLE 41 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2007-2015, TONS 62
TABLE 42 ASIA PACIFIC ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2016-2022, TONS 62
TABLE 43 ASIA PACIFIC CONVENTIOANAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 63
TABLE 44 ASIA PACIFIC CONVENTIOANAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 64
TABLE 45 ASIA PACIFIC CONVENTIOANAL VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 65
TABLE 46 ASIA PACIFIC CONVENTIOANAL VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 66
TABLE 47 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN ASIA, 2007-2015 69
TABLE 48 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN ASIA, 2016-2022 69
TABLE 49 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 70
TABLE 50 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 71
TABLE 51 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 72
TABLE 52 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 73
TABLE 53 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2007-2015, TONS 74
TABLE 54 REST OF WORLD ORGANIC VIRGIN COCONUT OIL MARKET VOLUME BY APPLICATION, 2016-2022, TONS 74
TABLE 55 REST OF WORLD CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2007-2015, TONS 75
TABLE 56 REST OF WORLD CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VOLUME, 2016-2022, TONS 76
TABLE 57 REST OF WORLD CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2007-2015, USD MILLION 77
TABLE 58 REST OF WORLD CONVENTIONAL VIRGIN COCONUT OIL MARKET BY VALUE, 2016-2022, USD MILLION 78
TABLE 59 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN REST OF WORLD, 2007-2015 81
TABLE 60 PREMIUM % OF ORGANIC VIRGIN COCONUT OIL IN REST OF WORLD, 2017-2022 82
TABLE 61 NUTIVA, INC. (U.S.): COMPANY OVERVIEW 83
TABLE 62 NUTIVA,INC: PRODUCTION CAPACITY 83
TABLE 63 CELEBES COCONUT CORPORATION: COMPANY OVERVIEW 83
TABLE 64 CELEBES COCONUT CORPORATION: PRODUCTION CAPACITY 84
TABLE 65 GREENVILLE AGRO CORPORATION: COMPANY OVERVIEW 85
TABLE 66 GREENVILLE AGRO CORPORATION: PRODUCTION CAPACITY 85
TABLE 67 EARTH BORN CO.,LTD. (THAILAND): COMPANY OVERVIEW 86
TABLE 68 EARTH BORN CO.,LTD.: PRODUCTION CAPACITY 86
TABLE 69 VITA COCO: COMPANY OVERVIEW 87
TABLE 70 VITA COCO: PRODUCTION CAPACITY 87
TABLE 71 HAIN CELESTIAL GROUP, INC.: COMPANY OVERVIEW 88
TABLE 72 HAIN CELESTIAL GROUP, INC.: BUYING CAPACITY 88
TABLE 73 COCONUT COUNTRY LIVING, LLC: COMPANY OVERVIEW 89
TABLE 74 COCONUT COUNTRY LIVING, LLC: BUYING CAPACITY 89
TABLE 75 MARICO LIMITED (INDIA): COMPANY OVERVIEW 90
TABLE 76 MARICO LIMITED: BUYING CAPACITY 90
TABLE 77 COCO & CO (U.S.): COMPANY OVERVIEW 91
TABLE 78 COCO & CO: BUYING CAPACITY 91
FIGURE 1 RESEARCH PROCESS OF MRFR 14
FIGURE 2 PRIMARY RESEARCH PROCESS 15
FIGURE 3 SECONDARY RESEARCH PROCESS: TOP DOWN & BOTTOM UP APPROACH 16
FIGURE 4 FORECAST MODEL 17
FIGURE 5 MARKET SEGMENTATION: GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET 19
FIGURE 6 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF ORGANIC VIRGIN COCONUT OIL 20
FIGURE 7 VALUE CHAIN ANALYSIS OF GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET 27
FIGURE 8 SUPPLY CHAIN ANALYSIS OF GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET 29
FIGURE 9 PORTER’S 5 FORCES ANALYSIS OF GLOBAL ORGANIC VIRGIN COCONUT OIL MARKET 30
FIGURE 10 PRICE TREND OF CONVETIONAL VIRGIN COCONUT OIL IN AMERICA, USD/TON, 2007-2016 43
FIGURE 11 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN AMERICA, USD/TON, 2017-2022 43
FIGURE 12 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN AMERICA, USD/TON, 2007-2016 44
FIGURE 13 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN AMERICA, USD/TON, 2017-2022 44
FIGURE 14 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN AFRICA, USD/TON, 2007-2016 55
FIGURE 15 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN AFRICA, USD/TON, 2017-2022 55
FIGURE 16 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN AFRICA, USD/TON, 2007-2016 56
FIGURE 17 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN AFRICA, USD/TON, 2017-2022 56
FIGURE 18 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN ASIA PACIFIC, USD/TON, 2007-2016 67
FIGURE 19 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN ASIA PACIFIC, USD/TON, 2017-2022 67
FIGURE 20 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN ASIA PACIFIC, USD/TON, 2007-2016 68
FIGURE 21 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN ASIA PACIFIC, USD/TON, 2017-2022 68
FIGURE 22 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN REST OF WORLD, USD/TON, 2007-2016 79
FIGURE 23 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN REST OF WORLD, USD/TON, 2017-2022 79
FIGURE 24 PRICE TREND OF ORGANIC VIRGIN COCONUT OIL IN REST OF WORLD, USD/TON, 2007-2016 80
FIGURE 25 PRICE TREND OF CONVENTIONAL VIRGIN COCONUT OIL IN REST OF WORLD, USD/TON, 2017-2022 80
