Coconut Oil Market Inclinations Highlighting Enhanced Revenue in the Coming Year

Posted by Arslan on March 15th, 2019

A recent publication by Fact.MR titled “Coconut Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022” elaborates on the oscillating landscape of the global coconut oil market. The coconut oil market has been witnessing rapid adoption across multiple industries such as foodservice, food processor, and personal care, backed by consistent reinforcement of benefits associated with its use. The dynamics of coconut oil market is anticipated to be continuously driven by various use cases, ranging from use in cosmeceuticals to inclusion in food products. These insights are extracted from new research study on coconut oil market by Fact.MR. As per the study, the demand for coconut oil is foreseen to proliferate at a value CAGR of 3.9% during the period of forecast, 2017-2022. Rising demand for coconut oil is poised to translate into significant market value worth US$ 3,141 Mn by the end of the assessment period.

Manufacturers of Coconut Oil to Move Away from Traditional Ways, High-value Production Becomes Imperative

Manufacturers in the coconut oil market are making a smart switch from the traditional business model and leveraging the evolving statistics. The purpose of this switch is to ensure increased production and tap into prime opportunities. Sensing the fad for high-value products such as virgin coconut oil as a functional food oil across the global stratosphere, manufacturers are revving up the production of such products to attain high profits margins. With the onset of the eco-innovation trend, key stakeholders in the coconut oil market are swiftly adopting sustainable methods to come up with high-quality products in resonance with environmental wellness.

Supply and Production Instabilities to be an Achilles’ heel of Coconut Oil Market

Coconut oil has witnessed considerable demand in the last decade on account of its unmatched versatility. However, supply inconsistencies and sluggish rate of production have raised up coconut oil prices to a new high. According to sources, the rising demand for coconut-based variants such as coconut sugar and coconut water have skyrocketed in the past few years, exhausting raw materials used for oil manufacture. The inability of manufacturers to streamline the supply framework as per demand generated for coconut oil has led to this surge in prices. It is likely that this increase in prices might lead to debut of adulterated coconut oil in the market, which might pose threats for the product integrity quo of coconut oil market.

Opportunities Abound as Coconut Oil becomes a Renewable Alternative for Diesel Engines

Fuel crisis and rising concerns of the society regarding depletion of non- renewable energy resources have led to a quest for alternative options. Several efforts have been directed toward energy generation from various alternative sources, including solar and biological sources. Generation of energy by converting trapped energy from sunlight to electricity and renewable agricultural products to fuel have been prevailing as the conventional practices. A trend of using coconut oil to produce biodiesel fuel as an alternative to conventional diesel fuel has gained prominence in the past few years. A flurry of innovations in this regard might act as an elixir boosting prosperity of the coconut oil market in the foreseeable future.

Competitive Landscape

The competitive landscape in the coconut oil market report features key players operating in the industry. The key players of coconut oil market have been featured based on their revenue shares, key differential strategies, and several other factors. The report features key players operating in the coconut oil market such as Adani Wilmar, Ruchi Soya Industries, Associated British Foods, Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Adams Group Inc., and American Vegetable Oil Inc.

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