New York, According to a new market research report published by Global Insight Services “Virgin Coconut Oil Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Virgin coconut oil comes from the meat of mature coconuts that have been dried and then cold-pressed to extract the oil. Unlike other oils that are extracted using chemicals or high heat, virgin coconut oil is considered to be unrefined and retains all of the nutrients and antioxidants that are found in fresh coconuts.
Virgin coconut oil has a host of health benefits due to its high content of healthy fats, including lauric acid and medium chain triglycerides. These fats are easily metabolized by the body and have been shown to boost energy levels, improve cognitive function, and promote weight loss. Additionally, virgin coconut oil can help to improve the health of your skin and hair, and can even be used as a natural treatment for some skin conditions.
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Key Trends
Some of the key trends in Virgin Coconut Oil technology include the following:
1. There has been an increase in the use of centrifuges to extract Virgin Coconut Oil. This has led to a decrease in the use of traditional methods such as pressing and boiling.
2. There has been an increase in the use of molecular distillation to purify Virgin Coconut Oil. This has led to a decrease in the use of other methods such as bleaching and deodorizing.
3. There has been an increase in the use of cold-pressed methods to extract Virgin Coconut Oil. This has led to a decrease in the use of hot-pressed methods.
4. There has been an increase in the use of enzymatic methods to extract Virgin Coconut Oil. This has led to a decrease in the use of other methods such as physical pressing.
Key Drivers
There are many factors that contribute to the growing popularity of Virgin Coconut Oil (VCO). One of the key drivers is the health benefits associated with VCO consumption. VCO is rich in lauric acid, a medium chain fatty acid that has been shown to have antimicrobial, antibacterial, and antifungal properties. Lauric acid is also known to boost immunity and increase levels of HDL (good) cholesterol.
Another key driver of the VCO market is the growing popularity of natural and organic products. Consumers are becoming more aware of the potential harmful effects of synthetic chemicals and are seeking out natural alternatives. VCO is a natural product that is free from chemicals and other harmful substances.
Market Segments
The Virgin Coconut Oil Market is segmented based on application, distribution channel, and region. By application, the market is divided into food & beverages, beauty & cosmetics, pharmaceuticals, and others. Depending on distribution channel, it is classified into supermarkets/hypermarkets, convenience stores, retail stores, online stores, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Virgin Coconut Oil Market report includes players such as Celebes Coconut Corporation, Cbl Natural Foods (Pvt.) Ltd., Tradlanka Agricultural Enterprises (Ariya Foods), Kokosvco Pvt. Ltd., Farmer India, Keratech, Sakthi Exports, Focp Corp., ADM and Cocomate.
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Reasons to buy Virgin Coconut Oil Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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