This statistic depicts the average annual prices for coconut oil from 2014 through 2026*. In 2023, the average price for coconut oil stood at 1,400 nominal U.S. dollars per metric ton.

Coconut oil market is valued at USD 6,925.95 Million approximately in 2025. The Global Market is expected to reach USD 1,3371.87 Million by 2035. The global market is expected to witness the highest growth rate and record a growth of 6.8% CAGR during this period.

Metric	Value
Market Size in 2025	USD 6,925.95 Million
Projected Market Size in 2035	USD 1,3371.87 Million
CAGR (2025 to 2035)	6.8%

Country-wise Outlook- Coconut oil market

Country	CAGR (2025 to 2035)
USA	7.0%

Country	CAGR (2025 to 2035)
UK	6.5%

Country	CAGR (2025 to 2035)
European Union (EU)	6.7%

Country	CAGR (2025 to 2035)
Japan	6.9%

Country	CAGR (2025 to 2035)
South Korea	7.1%

Competitive Outlook

Company Name	Estimated Market Share (%)
Cargill, Incorporated	17-21%
Archer Daniels Midland (ADM)	13-17%
Bunge Limited	10-14%
Marico Limited	7-11%
Nutiva Inc.	5-9%
Other Companies (combined)	35-45%

The Market Report Covers Global Coconut Oil Industry Analysis and is Segmented By Product Type (Refined Coconut Oil, Unrefined Coconut Oil, and Other Types); Application (Food and Beverages, Cosmetics and Personal Care, and Pharmaceuticals); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The market size and forecasts are provided in terms of value (USD million) for the above segments.

The Coconut Oil Market is projected to grow at 8.5% CAGR, reaching $7.61 Billion by 2029. Where is the industry heading next? Get the sample report now!

During the last quarter of 2024, the coconut oil prices in the Philippines reached 1347 USD/MT in December. Due to a complicated interaction between supply and demand, the price of coconut oil in the Philippines fluctuated in late 2024. At first, government reforestation initiatives drove costs down, but supply became more limited due to old coconut palms and extreme weather.

Product	Category	Region	Price
Coconut Oil	Agricultural Feedstock	Philippines	1347 USD/MT
Coconut Oil	Agricultural Feedstock	Netherlands	1634 USD/MT

Explore IMARC’s newly published report, titled “Coconut Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of coconut oil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

As of December 2024, the retail price index of coconut oil in India was over 196. This meant, the RPI of coconut oil had increased by 17 percent compared to December 2021. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

The price of crude coconut oil in the USA hit 1,147 USD/MT in December 2023. In Germany, crude coconut oil prices reached 1,416 USD/MT during December 2023. The role of production costs had been crucial in maintaining price stability, ending the year at around 9,68 USD/MT in Indonesia during December 2023.

Learn about the rising demand for crude coconut oil worldwide and the projected growth in market volume and value over the next six years.

This statistic depicts the average monthly prices for coconut oil from January 2014 through January 2025. In January 2025, the average monthly price for coconut oil stood at 2,002.32 nominal U.S. dollars per metric ton.

Refined Coconut Oil Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

India coconut oil market size is projected to exhibit a growth rate (CAGR) of 7.32% during ​2025-2033​. The growing trend toward organic and virgin coconut oil, driven by consumers seeking minimally processed and higher quality products, is fueling the market.

Coconut Oil Price in Brazil - 2023. Find the latest marketing data on the IndexBox platform.

The Global Coconut Oil Market Size Was Worth USD 5.98 Billion in 2022 and Is Expected To Reach USD 10.65 Billion by 2030, CAGR of 7.31%.

Coconut Oil Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

In 2024, the African coconut oil market increased by less than 0.1% to $248M, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $298M. From 2016 to 2024, the growth of the market failed to regain momentum.

The global vegetable oil market size reached USD 280.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 408.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.81% during 2025-2033. The rising shift towards healthier eating habits, increasing industrial uses of vegetable oils, advances in agricultural practices, rising disposable income, and increased awareness about the health benefits of certain cooking oils are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 280.5 Billion
Market Forecast in 2033	USD 408.4 Billion
Market Growth Rate (2025-2033)	4.81%

IMARC Group provides an analysis of the key trends in each segment of the global vegetable oil market report, along with forecasts at the global and country levels for 2025-2033. Our report has categorized the market based on oil type and application.

In November 2022, the refined coconut oil price stood at $1,724 per ton (CIF, US), which is down by -9.7% against the previous month.

The South African coconut oil market surged to $8.2M in 2024, jumping by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2012 to 2024: its value increased at an average annual rate of +6.5% over the last twelve-year period.

The U.S. refined coconut oil market totaled $38.4B in 2024, standing approx. at the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $39B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

In 2024, after three years of growth, there was decline in the Asia-Pacific coconut oil market, when its value decreased by -4.9% to $4.3B. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $4.5B in 2023, and then fell in the following year.