Expert Market Research’s new report titled “India coconut oil market size, Report and Forecast 2022-2027′, gives an in-depth analysis of the Indian Coconut Oil Market, assessing the market based on its segments such as sources, types, applications, distribution channels and major regions.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Indian Coconut Oil Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast
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Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 7.50%
|Growth rate CAGR||7.50%|
|Main actors||Marico Limited, Dabur India Ltd., Patanjali Ayurved Limited, Shalimar Chemical Works Private Ltd., Nutiva Inc., Davidsun Coconut Products (DCP) and Sri Sellandiamman Oil Mill among others.|
Coconut oil promotes weight loss, increases hair shine, reduces stress, controls cholesterol and reduces asthma symptoms. In this regard, the increasing inclination of Indians towards healthy food products is driving the growth of the market. The growing demand for coconut oil from households, for cooking purposes, is further propelling the demand for this product.
During the forecast period, the predicted increase in the sale of coconut oil cosmetic products downstream, due to the increase in disposable income of Indians, is expected to be a major growth driver of the market. Geographically, the Asia-Pacific region accounts for a large share of the market owing to the considerably high production of coconuts in emerging economies such as India.
India coconut oil industry definition and major segments
Coconut oil is defined as an edible semi-solid fat obtained from fresh coconuts. Coconut oil is cholesterol-free and contains about 90% saturated fat. It is a healthy oil that contains vitamin E and industrial uses of coconut oil include soaps and food products.
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On the basis of source, the market can be segmented into:
By Type, the market has been split into:
• Extra virgin
Based on Application, the market can be segmented into:
• Food and drink
• Pharmaceutical products
The market can be categorized based on distribution channel into:
• Supermarket and hypermarket
• On line
Regional markets for Indian coconut oil include:
• North India
• East India
• Western India
• South India
Coconut Oil Market Trends in India
Coconut oil is used in the treatment of obesity, cancer, and heart disease, among others. In this regard, increasing research and development activities in the pharmaceutical industry are likely to contribute to the growth of the market. Coconut oil is expected to see strong demand in cookies, chocolates, ice cream and confectionery products, due to the booming e-commerce industry in emerging economies. Additionally, coconut oil is a crucial component in the manufacture of soaps and moisturizers. Therefore, the growing expansion of the personal care industry, due to increasing disposable income and rapid urbanization, is likely to be a critical trend in the market.
Main market players
The main market players are:
- Marico Limited
- Dabur India Ltd.
- Patanjali Ayurvedic Limited
- Shalimar Chemical Works Private Ltd.
- nutiva inc.
- Davidsun Coconut Products (DCP)
- Sri Sellandiamman Oil Mill
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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