According to a new report, published by KBV research, The Global Extra Virgin Coconut Oil Market size is expected to reach $4.8 billion by 2031, rising at a market growth of 8.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 1,146.59 hundred tonnes, experiencing a growth of 13.5% (2020-2023).
The B2B segment is leading the Global Extra Virgin Coconut Oil Market by End Use in 2023; thereby, achieving a market value of $3 billion by 2031. EVCO suppliers can target food manufacturers and processors, offering bulk quantities of EVCO as an ingredient in various food products. These include baked goods, snacks, confectionery, sauces, dressings, and ready-to-eat meals. Positioning EVCO as a healthy and natural ingredient can appeal to manufacturers looking to meet consumer demand for clean-label products.
The Plastic Bottles segment is anticipating a CAGR of 8.8% during (2024 - 2031). Plastic bottles are lightweight and durable, offering manufacturers and consumers convenience and easy handling. Their durability helps protect the contents from damage during transportation and handling, reducing the risk of product spoilage and waste. Plastic bottles come in various shapes, sizes, and designs, allowing EVCO brands to offer various packaging options to meet consumers' diverse needs and preferences.
The Organic segment is leading the Global Extra Virgin Coconut Oil Market by Type in 2023; thereby, achieving a market value of $3.2 Billion by 2031. Organic EVCO is often perceived to be healthier than conventional EVCO due to its organic certification, which assures consumers that the product is produced without harmful chemicals. This perception drives demand among consumers seeking products free from artificial additives and potential contaminants. Organic EVCO commands a premium price compared to conventional EVCO due to the higher production costs associated with organic farming practices and certification.
Full Report: https://www.kbvresearch.com/extra-virgin-coconut-oil-market/
The Asia Pacific region dominated the Global Extra Virgin Coconut Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,795.3 Million by 2031. The Europe region is experiencing a CAGR of 7.8% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 8% during (2024 - 2031).
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-2031)
Unique Offerings 
