LAMEA Coconut Oil Market By Product Type (Virgin Coconut Oil, and Coconut RBD Oil), By Price Point (Mass and Premium), By Application (Food industry, Agriculture, Cosmetics & personal care industry, Chemical Industry, and Others), By Packaging (Bottle, Jar, Can, Pouch, Tanks, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Coconut Oil Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
Coconut oil is made from 100% fat, the majority of which is saturated fat. Though, the structure of saturated fat that is present in coconut oil is different from which is available in the animal products as it comprises long-chain fatty acids. Thus, the demand for coconut oil is increasing due to its extensive application in personal care & beauty and food & beverage industry.
Coconut oil is made from the combination of monounsaturated, polyunsaturated, and saturated fats and it comprises around 12 grams of saturated fat. 12 grams is estimated to be 60% of the saturated fat that is recommended for humans to consume on daily basis.
The regional countries, especially those belonging to the African continent are extremely reliant on agriculture and their associated products for the development of their economy, and therefore coconut oil market is expected to witness new growth avenues in the upcoming years. Being a medium-chain triglyceride-rich fat, coconut oil assists in creating a specific type of energy that is particularly revitalizing to the brain, digestive tract, and cardiovascular system. Moreover, coconut oil is utilized in various hair and skincare products around the world and its demand is constantly increased in the well-established nations of the region.
The Brazil market dominated the LAMEA Coconut Oil Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $123 million by 2027. The Argentina market is exhibiting a CAGR of 10.7% during (2021 - 2027). Additionally, The UAE market would expect a CAGR of 9.8% during (2021 - 2027).
Based on Product Type, the market is segmented into Virgin Coconut Oil, and Coconut RBD Oil. Based on Price Point, the coconut oil market is divided into Mass and Premium. Based on Application, the market is segmented into Food industry, Agriculture, Cosmetics & personal care industry, Chemical Industry, and Others. Based on Packaging, the coconut oil market is segregated into Bottle, Jar, Can, Pouch, Tanks, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Coconut Oil Market is Predict to reach $4,554.2 Million by 2027, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., Archer Daniels Midland Company, Bunge Limited, Adani Wilmar Limited, Wichy Plantation Company (Pvt) Ltd (Bitumix (Pvt) Ltd), Windmill Organics Ltd., Marico Limited, Cargill Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Virgin Coconut Oil
- Coconut RBD Oil
By Price Point
- Food industry
- Cosmetics & personal care industry
- Chemical Industry
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- The Hain Celestial Group, Inc.
- Archer Daniels Midland Company
- Bunge Limited
- Adani Wilmar Limited
- Wichy Plantation Company (Pvt) Ltd (Bitumix (Pvt) Ltd)
- Windmill Organics Ltd
- Marico Limited
- Cargill Corporation
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