Overview
The organic virgin coconut oil market is projected to grow at a CAGR of 7.36% during the forecast period. As per the organic virgin coconut oil market research report, the global market for organic virgin coconut oil is projected to grow swiftly by USD 3.69 billion by 2030.
According to analysts, increasing health awareness among consumers around the world as well as increased demand for organic products will drive the market growth during the forecast period. The organic virgin coconut oil market research report offers a comprehensive analysis of the global organic virgin coconut oil market and its distribution channel, region, and packaging type segments. The lack of awareness along with high production cost are the elements that could influence the organic virgin coconut oil market advancement throughout the forecast period. The organic virgin coconut oil market outlook by expert analysts is developed to assist organizations in the organic virgin coconut oil market.
Market Segmentation
The global organic virgin coconut oil market has been segmented based on distribution channel, region, and packaging type. On the basis of distribution channel, the market for organic virgin coconut oil is segmented based on store-based (convenience stores, hypermarkets & supermarkets, and others) non-store-based. Additionally, the market on the basis of packaging type, is segmented into bottles & jars, pouches and others.
Major elements such as lack of organized retail channels in developing countries could obstruct the organic virgin coconut oil market growth. However, according to the organic virgin coconut oil market research report, increased demand for organic virgin coconut oil along with the growth of the organized retail sector will propel growth throughout the forecast period. The organic virgin coconut oil market is set to register growth at a high CAGR owing to these key factors. The exploration of distribution channel, region, and packaging type segments along with regional markets has been given in the global organic virgin coconut oil market research report. The research analysts studying the organic virgin coconut oil market have put out market forecasts in the organic virgin coconut oil market research report in order to support organic virgin coconut oil market-based companies. The organic virgin coconut oil market research report provides an extensive understanding of the organic virgin coconut oil market based on the information and forecasts till 2030.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for organic virgin coconut oil are predominantly covered in the global organic virgin coconut oil market share. Country-level organic virgin coconut oil markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level organic virgin coconut oil markets are covered in the report. In Asia-Pacific (APAC) region, the country-level organic virgin coconut oil markets covered are Japan, India, China, and others. The organic virgin coconut oil market research report also explores the regional market for organic virgin coconut oil present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The organic virgin coconut oil market research report also covers regional markets from the rest of the world alongside organic virgin coconut oil markets of Africa and the Middle East.
Competitive Landscape
Increased product availability is presumed to drive the organic virgin coconut oil market growth worldwide. The global organic virgin coconut oil market could be challenged by high competition, nevertheless, organizations in the organic virgin coconut oil market will carry the growth rate forward. The organic virgin coconut oil market research report presents company profiles of major companies active in the organic virgin coconut oil market globally. Furthermore, the global organic virgin coconut oil market report offers an all-inclusive analysis of the market collected from the organic virgin coconut oil market’s primary and secondary sources covering both decision makers and thought leaders. The organic virgin coconut oil market research report highlights such key areas assisting businesses operating in the organic virgin coconut oil market to build better growth strategies.
Industry News
A recent study led by the Philippines Department of Science and Technology (DOST) revealed that, compared to the control group, suspected COVID-19 patients given virgin coconut oil (VCO) had decreased symptoms and a faster recovery phase. The results were discussed in a virtual briefing by DOST Secretary Fortunato dela Peña, conducted by the Food and Nutrition Institute (FNRI) at DOST. In two quarantine facilities in Laguna, Santa Rosa Community Hospital Isolation Unit and Santa Rosa Community Isolation Unit, 57 suspected COVID-19 patients were recruited for the study.
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