Growing Preference for Naturally Healthy Ingredients will boost Organic Virgin Coconut Oil Market globally

Global Organic Virgin Coconut Oil Market – Overview

Increasing demand of natural flavoring agents is driving the market growth globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Virgin Coconut Oil Market Research Report- Forecast to 2023 that the organic Virgin Coconut Oil market will demonstrate an exceptional CAGR % during the forecast period.

Organic virgin coconut oil is certified virgin coconut oil which is produced by traditional means without the use of fertilizers or pesticides. Major share of organic virgin coconut oil is procured from the Philippines which accounts for more than two third of the organic virgin coconut oil production in Asia Pacific in the year 2017. Obtaining organic certification or virgin coconut oil is a difficult process and hence, even though farmers practice organic farming, they do not opt for organic certification based on lack of awareness and stringent process. Consumers are becoming aware of all these beneficial properties of virgin coconut oil thus making it popular as a functional food oil. Rising consumers’ awareness backed up by increasing health consciousness are supporting the growth of this market.

Potential applications of organic virgin coconut oil in personal care industries have a positive impact on its market share growth. Based on the application, health care application segment will experience the highest growth rate followed by food & beverages.  Personal and health care products application together accounts more than two third of market share during the year 2017. Many key players are diversifying the product portfolio in health care application as virgin coconut oil due to its antibacterial, antifungal and anti-inflammatory properties. It also helps to prepare antibodies which boost the immune system.

Latest Industry Updates

Dec 2017 CIB General Manager Yvonne Burns stated that coconut production for 2017 has improved significantly due mainly to improved weather and a distribution of more than $10 million worth of fertiliser to coconut farmers over the past 24 month.

Dec 2017  The head of the Philippine Coconut Authority (PCA) has urged various stakeholders of the coconut industry in Quezon province “to put their acts together” to achieve a full resurgence of the industry and contribute more to the country’s economy.

Aug 2017 According to Datin Farah, referring to the American Heart Association (AHA) guidelines and what most of the dietitians out there know – coconut oil is a saturated fat. It all depends on the type of coconut oil. They all drink coconut oil for one reason.

March 2017 Coconut prices rise as shortage sees one supermarket run out of supplies. The coconut porridge is not out of stock because of a global shortage, but due to a delayed shipment of a coconut ingredient.

Browse Full Report @ https://www.marketresearchfuture.com/reports/organic-virgin-coconut-oil-market-4498

Global Organic Virgin Coconut Oil Market - Competitive Analysis

Key players are focused majorly on acquisition of small players to expand their business and penetrate the global organic Virgin Coconut Oil market. Expansion and R & D investments are also the major strategies followed by the players. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue.

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.),  and Parker Biotech Private Ltd (India) among many others.

Global Organic Virgin Coconut Oil Market – Segments

The global organic Virgin Coconut Oil market has been divided into application, and region.

On The Basis Of Application: Food & Beverages, Personal Care Products, and Health Care Products, Others

 On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

 Global Organic Virgin Coconut Oil Market -

Regional Analysis

Among the regions, Asia Pacific will dominate the organic virgin coconut oil market with more than 90% of the market share America will witness the highest growth rate during the forecast period 2017-2023. Growing popularity of organic virgin coconut oil owing to its widespread applications in personal care products and food and beverages is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the organic virgin coconut oil growth from the last few years.