Global virgin coconut oil market research report 2017

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Global Virgin Coconut Oil Market Research Report 2017 Author: zhai jiquan Company: QYResearch Date: 2017/5/02

Virgin Coconut Oil (VCO) is growing in popularity as functional food oil and the public awareness of it is increasing. It is expected that VCO will experience a dramatic growth in the market.

Virgin Coconut Oil (VCO) is extracted from fresh coconut milk obtained from mature kernel (12 months old from pollination) of coconut by mechanical or natural means, with or without the application of heat, which does not lead to alteration of the nature of the oil. VCO can be consumed in its natural state without the need for further processing. Hence, VCO does not undergo chemical refining, bleaching or deodorizing. Virgin coconut oil is colorless, free of sediment and has natural fresh coconut scent. It is free from rancid odor or taste. Virgin coconut oil consists mainly of medium chain fatty acids. The fatty acids in virgin coconut oil are distinct from animal fats which mainly consist of long chain saturated fatty acids.

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VCO has considerable potential for therapeutic uses such as antimicrobial, anti-HIV/AIDS drug, for anti-cancer therapy and for the treatment of Alzhiemer’s disease.

The Philippines, Indonesia, Java, Burma, Sri Lanka, India, and a few tropical countries are the major producers of virgin coconut oil, so obviously, it is more available in this region.

According to QYResearch, the global market size for VCO reached 638.74 Million USD in 2016 from 577.24 Million USD in 2012, and it’s estimated to grow with a CAGR of 2.6% in the forecast period.

Southeast Asia dominates the market in terms of revenue share in 2016 about 60%, majorly due to the planting of coconut trees.

Europe is the largest consumption region owing to large quantity of population and high income, following by USA. Almost all Virgin Coconut Oil products in these regions are imported from tropical countries such as Philippines, Indonesia, Java, Burma, Sri Lanka, India, etc.

Currently, the factors driving the growth of the aforementioned industry are food consumption, cosmetic and others. As the demand increases rapidly for downstream industries, and the wider range of applications, the demand for coconut oil will correspondingly increase. The increased consumption of coconut oil is expected to continue during the remaining years of the forecast period of 2017-2022. Virgin coconut oil industry will usher in a stable growth space.

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The key companies in the market are NMK HOLDINGS,P.T. Harvard Cocopro, Naturoca, SUN BIO NATURALS, Celebes, Sakthi Exports, NATURE PACIFIC PTY LTD, Cocomate, Manchiee De Coco, KKP Industry, Genius Nature Herbs Pvt Ltd, Keratech, Harin Bio-Tech International Private Limited.

This article was first released by QYResearch analyst, if reproduced, please indicate the source.

Media Contact:press@qyresearch.com Analyst :zhaijiquan@qyresearch.com

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