Coconut Oil Market

Coconut Oil Market to Grow at 4.3% CAGR — Rising Demand for Natural Oils Fuels Growth

Posted on | by Markets Glob

The global Coconut Oil Market reached USD 5,081 Million in 2024. Looking ahead, the market is expected to hit USD 6,822.43 Million by 2031, growing at a CAGR of 4.3% during 2025–2031. The steady rise is mainly due to increasing consumer preference for natural, plant-based, and chemical-free products across food, beauty, and industrial sectors.

What Coconut Oil Is and Why It Matters

Coconut oil is a natural oil extracted from fresh coconuts or dried kernels (copra). It is widely used for:

  • Cooking and food preparation

  • Bakery and beverage formulations

  • Cosmetics, skincare, and haircare

  • Soap and detergent manufacturing

  • Oleochemicals and industrial uses

Its nutrient-rich profile, long shelf life, and versatile application make coconut oil an important global commodity.

Market Highlights Driving Growth

The market is expanding due to several strong factors:

✔ Rising global demand for natural and healthy oils

Consumers are moving toward plant-based and minimally processed oils, boosting coconut oil demand.

✔ Growing food & beverage applications

Coconut oil is increasingly used in bakery items, confectionery, beverages, and ready-to-eat foods.

✔ Rapid expansion in personal care

Skincare, haircare, and cosmetics brands continue to adopt coconut oil due to its natural moisturizing and antibacterial properties.

✔ Strong industrial usage

Large-scale use in soap manufacturing, detergents, and oleochemicals continues to support long-term market growth.

Latest News and Industry Updates (with Dates)

Below are the most recent coconut-oil-related industry updates, listed with exact dates as you requested:

January 2025 — Coconut Community releases annual coconut oil market review

In January 2025, the Coconut Community published its yearly market review, outlining 2024 trends such as shifting trade volumes, supply fluctuations, and changes in global demand. The review highlighted the growing role of coconut oil in both food and industrial applications.

October 4, 2024 — Adani Wilmar reports higher edible-oil revenues

On October 4, 2024, Adani Wilmar announced improved quarterly results, supported by rising edible-oil consumption across Asia. This is relevant to the coconut oil market because edible-oil demand influences sourcing, pricing, and distribution patterns for coconut oil exporters and processors.

May 21, 2025 — Global edible oils & fats analysis highlights consolidation

On May 21, 2025, a global edible-oils market report emphasized strong activity from major processors like Wilmar and Bunge. Their supply-chain adjustments impacted coconut oil availability and pricing worldwide.

2025 Outlook — Analysts forecast tighter supply in H2 2025

Industry experts expect a slight tightening of coconut oil supply in the second half of 2025 due to weaker imports from key Southeast Asian producers. This could support moderate price increases in global markets.

2024–2025 — Multiple market forecast updates

Throughout 2024 and 2025, research agencies updated coconut oil forecasts, projecting stable demand growth driven by personal care, food manufacturing, and natural-product trends. These updates confirm sustained long-term market momentum.

Market Segments Overview

Product

  • Fresh Coconut

  • Dry Copra

Application

  • Industrial (soaps, detergents, oleochemicals, bio-based products)

  • Food (cooking oils, bakery, beverages, packaged foods)

Sales Channel

  • Direct Channel

  • Distribution Channel

Regional Insights

The market spans all major regions including:

  • North America (USA, Canada, Mexico)

  • Europe (Germany, UK, France, Italy, Spain, etc.)

  • Asia-Pacific (China, India, Indonesia, Philippines—key coconut producers)

  • South America

  • Middle East & Africa

Asia-Pacific remains the largest producer and exporter, while North America and Europe show steady growth in food and personal care demand.

Key Players in the Coconut Oil Market

  • Tantuco Enterprises

  • Greenville Agro Corporation

  • Samar Coco Products

  • CIIF OMG

  • Primex Group

  • SC Global

  • Phidco

  • PT Indo Vegetable Oil

  • P.T. Harvard Cocopro

  • Naturoca

  • PT SIMP

  • Sumatera Baru

  • KPK Oils & Proteins

  • Karshakabandhu Agritech

  • Kalpatharu Coconut

  • Prima Industries Limited

  • Kerafed

These companies play major roles in production, export, refining, and industrial supply.

Conclusion: Market Outlook Remains Strong

The coconut oil market is set for steady long-term expansion, supported by rising global consumption of natural and health-focused products. As more industries shift toward sustainable and plant-based materials, coconut oil will continue to hold a central position in food, cosmetics, and industrial manufacturing.

Furthermore, the recent 2024–2025 updates—including supply forecasts, edible-oil consumption trends, and annual industry reviews—indicate that coconut oil demand will remain robust despite minor supply adjustments across producing countries.

Overall, the market’s future looks positive, with stable growth expected throughout 2025–2031.