Get the latest insights on price movement and trend analysis of Crude Coconut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

Get the latest insights on price movement and trend analysis of Refined Coconut Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In Q1 2025, the North American Coconut Oil market experienced fluctuating prices, influenced by variable supply-side conditions, shifting demand trends, and broader macroeconomic factors. January began with relatively high prices, reflecting the residual impact of late-2024 supply disruptions and elevated procurement activity from the food, pharmaceutical, and cosmetics sectors. Tight inventory levels, coupled with continued shipping delays from Southeast Asia and weather-related crop concerns, maintained pressure on supply chains, contributing to firm pricing sentiment.

The Indian crude coconut oil market fell modestly to $958M in 2024, with a decrease of -4.2% against the previous year. Over the period under review, consumption continues to indicate a mild decline. Crude coconut oil consumption peaked at $1.2B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Philippine crude coconut oil market decreased by -77.9% to $394M, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $2B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

This statistic depicts the average annual prices for coconut oil from 2014 through 2026*. In 2024, the average price for coconut oil stood at 1,519 nominal U.S. dollars per metric ton.

In 2024, the Indonesian crude coconut oil market was finally on the rise to reach $682M after two years of decline. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2024: its value increased at an average annual rate of +2.7% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +14.4% against 2020 indices.

The Coconut Oil Market Report is Segmented by Products Type (Refined Coconut Oil, Un-Refined Coconut Oil, and Other Types of Coconut Oil), Nature (Conventional and Organic), Application (Food and Beverages, Pharmaceuticals, Cosmetic and Personal Care, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

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%.

The Malaysian crude coconut oil market surged to $383M in 2024, jumping by 38% against the previous year. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level of $516M. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

Global Refined Coconut Oil market size 2025 was XX Million. Refined Coconut Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Organic Coconut Oil Market Outlook

The global organic coconut oil market size is expected to grow from USD 2.5 billion in 2023 to USD 4.6 billion by 2032, at a compound annual growth rate (CAGR) of 7.1%. This growth can be attributed to increasing consumer awareness of the health benefits associated with organic coconut oil. In recent years, there has been a significant shift towards organic and natural products due to rising health consciousness among consumers. This trend is anticipated to drive the market's expansion over the forecast period.

One of the primary growth factors for the organic coconut oil market is the rising consumer preference for chemical-free and natural food ingredients. In an era where lifestyle diseases and health issues are on the rise, consumers are becoming more cautious about their dietary choices. Organic coconut oil is known for its myriad health benefits, including improved digestion, enhanced immunity, and better cardiovascular health. These attributes make it a sought-after product in both urban and rural settings, further propelling its demand globally.

Another significant factor contributing to the market growth is the increasing application of organic coconut oil in various industries such as cosmetics and pharmaceuticals. The cosmetic industry, in particular, has seen a surge in the use of organic coconut oil in products like hair conditioners, skin moisturizers, and anti-aging creams. The oil's natural antioxidant properties make it an ideal ingredient for skin and hair care products. Similarly, the pharmaceutical industry is leveraging the antimicrobial and anti-inflammatory properties of organic coconut oil in the formulation of various medications and supplements.

The growing e-commerce sector is also playing a crucial role in boosting the organic coconut oil market. The convenience of online shopping, coupled with the availability of a wide range of products, has made it easier for consumers to access organic coconut oil. Online platforms offer detailed product descriptions, customer reviews, and competitive pricing, which have contributed to higher sales. Additionally, the rise of specialty stores that focus on organic and natural products is further aiding market growth. These stores provide a targeted shopping experience, catering to the specific needs of health-conscious consumers.

Extra Virgin Coconut Oil has gained significant popularity among health enthusiasts due to its unrefined nature and high nutritional content. This type of coconut oil is extracted from fresh coconut milk without the use of heat, preserving its natural aroma and beneficial compounds. Known for its purity, Extra Virgin Coconut Oil is rich in medium-chain triglycerides (MCTs), which are believed to support weight management and enhance energy levels. Its application extends beyond culinary uses, as it is also a preferred choice in skincare and haircare routines, owing to its moisturizing and nourishing properties. The growing consumer inclination towards organic and minimally processed products is further boosting the demand for Extra Virgin Coconut Oil in the global market.

Regionally, Asia Pacific is expected to dominate the organic coconut oil market due to the abundance of coconut plantations and the traditional use of coconut oil in various culinary and medicinal applications. North America and Europe are also significant markets, driven by the high demand for organic and natural products. The Middle East & Africa and Latin America regions are anticipated to witness moderate growth, supported by increasing awareness and rising disposable incomes. Each of these regions presents unique opportunities and challenges, shaping the global market dynamics.

Product Type Analysis

The organic coconut oil market is segmented into two primary product types: virgin coconut oil and refined coconut oil. Virgin coconut oil is extracted from fresh coconut milk without the use of heat, thereby retaining its natural aroma and nutritional value. This type of oil is particularly popular among health-conscious consumers who prefer minimally processed products. Virgin coconut oil is known for its purity and is often used in cooking, skincare, and hair care products. Its high antioxidant content and antimicrobial properties make it an essential component in various health and wellness applications.

Refined coconut oil, on the other hand, is made from dried coconut meat, also know

In 2024, the crude coconut oil market in Australia and Oceania decreased by -5.3% to $85M, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $100M. From 2014 to 2024, the growth of the market remained at a somewhat lower figure.

Global Coconut Oil Market size was valued at USD 4.9 billion in 2022 and is poised to grow from USD 5.59 billion in 2023 to USD 11.08 billion by 2031, growing at a CAGR of 6.40%

The global raw organic coconut oil market is experiencing robust growth, driven by increasing consumer awareness of its health benefits and versatility in culinary and cosmetic applications. The market, currently valued at approximately $2 billion (assuming a reasonable market size based on similar oil markets and considering a CAGR – let's assume a conservative CAGR of 8% for illustrative purposes) in 2025, is projected to reach significant heights by 2029. This growth is fueled by several key factors. Firstly, the rising prevalence of health-conscious consumers seeking natural and organic alternatives to conventional cooking oils is a major driver. Secondly, the increasing demand for coconut oil in personal care products, particularly skincare and haircare, contributes substantially to market expansion. This trend is further strengthened by the growing popularity of DIY beauty products and natural cosmetics. Finally, the expanding distribution channels, including e-commerce platforms and specialized health food stores, are enhancing market accessibility and fueling sales. While challenges such as price volatility of coconut and potential supply chain disruptions exist, the overall market outlook remains positive. Looking ahead to 2029, the market's trajectory suggests continued expansion, particularly in developing economies with increasing disposable incomes and growing awareness of health and wellness. Regional variations are expected, with North America and Europe maintaining strong market shares due to high consumer demand and established distribution networks. However, significant growth potential exists in Asia-Pacific, driven by rising consumption in countries like India and China. The market segmentation will continue to evolve, with specialized products like cold-pressed and virgin coconut oil gaining traction among consumers seeking superior quality and enhanced health benefits. Market players are likely to focus on innovation, product differentiation, and sustainable sourcing practices to capture market share and address consumer preferences. The overall market dynamics point towards a strong growth trajectory for raw organic coconut oil, positioning it as a significant player in the global health and wellness landscape.

The global coconut oil market is experiencing robust growth, driven by increasing consumer awareness of its health benefits and versatile applications in food, cosmetics, and pharmaceuticals. The market's value, while not explicitly stated, can be reasonably estimated based on industry reports and trends. Considering a conservative Compound Annual Growth Rate (CAGR) of 5% (a figure commonly seen in similar markets) and a base year value of approximately $5 billion in 2025 (this is an estimation based on typical market sizes for similar agricultural products), the market is projected to reach approximately $7 billion by 2033. This growth is fueled by several key factors: the rising demand for natural and organic products, the growing popularity of vegan and vegetarian diets which increase the need for plant-based oils, and the expanding applications of coconut oil in personal care products. Furthermore, increasing global production from major coconut-producing regions is contributing to market expansion, although challenges such as fluctuating prices and climate change impacts remain significant. However, this growth trajectory is not without its challenges. Constraints include price volatility related to weather patterns, disease susceptibility in coconut plantations, and the increasing competition from other vegetable oils. The market is segmented by various factors, such as product type (refined, virgin, etc.), application (food, cosmetics, etc.), and geographic region. Leading companies such as those listed—Tantuco Enterprises, Greenville Agro Corporation, Samar Coco Products, and others—are competing to capitalize on the growing market share, engaging in strategies such as product diversification, expansion into new markets, and strategic partnerships to strengthen their market position. Regional disparities in market penetration exist, with certain regions showing faster growth than others depending on factors like consumption habits, economic development, and accessibility to the product. The forecast period of 2025-2033 presents significant opportunities for growth and innovation within the coconut oil industry.

The global raw organic coconut oil market is experiencing robust growth, projected to reach a value of $1401.4 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 7.6% from 2025 to 2033. This expansion is driven by several key factors. Increasing consumer awareness of the health benefits associated with coconut oil, including its purported positive effects on heart health, skin, and hair, fuels strong demand. The rising popularity of vegan and plant-based diets further contributes to market growth, as coconut oil serves as a versatile alternative to animal-based fats in cooking and baking. The growing use of coconut oil in various applications, from personal care products to food and beverage items across sectors like dessert shops, ice cream parlors, bakeries, and home cooking, also significantly impacts market expansion. Furthermore, the increasing availability of raw organic coconut oil through diverse distribution channels, including online retailers and specialty stores, enhances accessibility and drives market penetration. The market's geographic spread is diverse, with North America, Europe, and Asia Pacific representing major consumer regions. However, challenges exist. Price volatility in coconut production due to weather patterns and fluctuating global supply can impact market stability. Ensuring consistent quality and authenticity of raw organic coconut oil in the face of potential adulteration is crucial for maintaining consumer trust and confidence. Meeting increasing consumer demand for sustainable and ethically sourced products will also shape the market's trajectory. Companies in this sector are focusing on product innovation, exploring new applications, and building strong brand recognition to maintain a competitive edge. Key players like Artisana Organics, Nutiva, and others are actively involved in driving market growth through strategic partnerships, product diversification, and expansion into new markets. Future growth will depend on addressing these challenges while capitalizing on the continued rise in demand for healthy and natural food and personal care products.

The Latin American crude coconut oil market contracted to $487M in 2024, shrinking by -11.2% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $598M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

The global organic coconut oil market is experiencing robust growth, driven by increasing consumer awareness of health benefits and a rising preference for natural and organic products. The market, estimated at $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching an estimated market value of approximately $4.5 billion by 2033. This expansion is fueled by several key factors. The food industry's adoption of organic coconut oil as a healthier alternative to conventional oils is a major driver. Furthermore, the burgeoning beauty and cosmetics industry is significantly contributing to market growth, with organic coconut oil increasingly used in skincare and haircare products due to its moisturizing and nourishing properties. The growing demand for natural ingredients in pharmaceuticals and nutraceuticals also boosts the market. Regional variations exist, with North America and Asia-Pacific currently holding significant market shares, although developing economies in other regions show substantial growth potential. While challenges like price fluctuations in raw materials and competition from other healthy oils exist, the overall market outlook remains positive, driven by continued consumer interest in sustainable and healthy lifestyle choices. The market segmentation highlights the dominance of the food industry as the primary application for organic coconut oil, followed closely by the beauty and cosmetics sector. Within the types of organic coconut oil, virgin organic coconut oil commands a higher premium due to its superior quality and nutritional benefits. Leading players in the market include Tantuco Enterprises, Greenville Agro Corporation, and several other prominent companies across various regions. Strategic partnerships, product innovations, and expansion into new markets are key competitive strategies employed by these players. The ongoing trend towards sustainable sourcing and ethical production practices further influences the market dynamics, as consumers increasingly demand transparency and accountability from producers. Future growth will likely be influenced by factors such as innovations in processing techniques, the development of new applications, and the evolving regulatory landscape surrounding organic certifications.