Global $4.7 Bn Virgin Coconut Oil Market Competition, Forecast & Opportunities, 2024 - ResearchAndMarkets.com
Increasing adoption of virgin coconut oil in various end-use applications such as in the food & beverages sector, on account of the increasing demand for virgin coconut oil in various food products, is a key factor expected to drive the global virgin coconut oil market.
- Increasing adoption of virgin coconut oil in various end-use applications such as in the food & beverages sector, on account of the increasing demand for virgin coconut oil in various food products, is a key factor expected to drive the global virgin coconut oil market.
- In addition, growing perception about virgin coconut oil being healthier than other oils among the general population in developed and developing economies is further fueling growth of the global virgin coconut oil market.
- The increasing demand for virgin coconut oil in the food industry is anticipated to give a major boost to the global virgin coconut oil market, as more companies are shifting their preferences to the food sector.
- The global virgin coconut oil market is highly fragmented, due to the presence of numerous small and large vendors.