The Global Virgin Coconut Oil Market Report by Global Insight Services is the single and trusted source of information for the Virgin Coconut Oil Market . This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity 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.
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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.
Finally, the increasing popularity of veganism and plant-based diets is also driving the VCO market. VCO is a vegan-friendly product that is rich in healthy fats and nutrients. More and more people are seeking out vegan-friendly products for both ethical and health reasons.
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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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