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).

Why did the Coconut Oil Price Change in July 2025? The Coconut Oil Price Index in the US exhibited an upward trend in July 2025, continuing the trajectory observed in European markets amid tighter global supply and elevated input costs.

The global refined coconut oil market stood at $69.2B in 2024, almost unchanged from the previous year. In general, the total consumption indicated a pronounced expansion 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 decreased by -4.2% against 2022 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).

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).

Organic Virgin Coconut Oil Market Outlook

According to our latest research, the global organic virgin coconut oil market size reached USD 1.62 billion in 2024, demonstrating robust expansion due to increasing consumer preference for natural and organic products. The market is projected to grow at a CAGR of 8.7% from 2025 to 2033, reaching a forecasted value of USD 3.47 billion by 2033. The primary growth factors driving this market include heightened awareness of health and wellness, the rise in demand for clean-label ingredients, and the expanding applications of organic virgin coconut oil across diverse industries such as food & beverages, cosmetics & personal care, and pharmaceuticals.

The growing consumer inclination towards healthier lifestyles has been a significant catalyst in the organic virgin coconut oil market. Consumers are increasingly seeking products that are minimally processed, chemical-free, and derived from sustainable sources. Organic virgin coconut oil, extracted from fresh coconut meat without the use of chemicals or high temperatures, fits these criteria perfectly. Its rich nutritional profile, including medium-chain triglycerides (MCTs), antioxidants, and lauric acid, has contributed to its popularity as a superfood. Moreover, the product’s perceived benefits for heart health, weight management, and immune support have further fueled its adoption, especially among health-conscious demographics in developed and emerging markets alike.

Another key driver for the organic virgin coconut oil market is the surge in demand from the cosmetics and personal care industry. As consumers become more aware of the potential adverse effects of synthetic chemicals in skincare and haircare products, there is a marked shift towards natural and organic alternatives. Organic virgin coconut oil is widely recognized for its moisturizing, anti-inflammatory, and antimicrobial properties, making it a preferred ingredient in formulations for lotions, creams, shampoos, conditioners, and other personal care products. The global trend towards “clean beauty” and the increasing popularity of do-it-yourself (DIY) beauty regimens have further amplified demand, as consumers seek versatile and effective natural oils for their daily routines.

The food and beverage sector also plays a pivotal role in propelling the organic virgin coconut oil market forward. As plant-based diets and vegan lifestyles gain traction, organic virgin coconut oil has emerged as a popular alternative to traditional cooking oils and fats. Its unique flavor, high smoke point, and nutritional advantages make it suitable for a variety of culinary applications, including baking, frying, and salad dressings. Additionally, the growing prevalence of gluten-free and allergen-friendly diets has led manufacturers to incorporate organic virgin coconut oil into a wide range of packaged foods, snacks, and health supplements. This diversification of applications is expected to sustain the market’s growth momentum over the forecast period.

Regionally, the Asia Pacific region dominates the organic virgin coconut oil market, accounting for the largest share in 2024, followed by North America and Europe. The Asia Pacific’s dominance is underpinned by abundant coconut cultivation, a strong tradition of coconut oil usage, and the presence of leading manufacturers. North America and Europe are witnessing rapid growth, driven by rising health consciousness, increasing disposable incomes, and a growing preference for organic and sustainable products. Latin America and the Middle East & Africa are also emerging as promising markets, supported by expanding distribution networks and heightened awareness campaigns. This regional diversity underscores the global appeal and growth potential of organic virgin coconut oil.

Product Type Analysis

The product type segment of the organic virgin coconut oil market is categorized into cold pressed, centrifuged, expeller-pressed, and others. Among these, the cold pressed segment held th

Get comprehensive insights into the Virgin Coconut Oil market, with a focused analysis of the Virgin Coconut Oil price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

Market Research Intellect presents the Refined Coconut Oil Market Report-estimated at USD 2.6 billion in 2024 and predicted to grow to USD 4.3 billion by 2033, with a CAGR of 7.2% over the forecast period. Gain clarity on regional performance, future innovations, and major players worldwide.

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 West African refined coconut oil market expanded markedly to $879M in 2024, growing by 5.5% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2024: its value increased at an average annual rate of +5.5% 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 +90.3% against 2012 indices.

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 Asia-Pacific refined coconut oil market amounted to $7.1B in 2024, increasing by 5.9% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2024 and is likely to continue growth in the immediate term.

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

View monthly updates and historical trends for Philippines/Indonesia Coconut Oil Price. Source: World Bank. Track economic data with YCharts analytics.

For the fourth year in a row, the Iraqi refined coconut oil market recorded growth in sales value, which increased by 3.1% to $120M in 2024. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2024: its value increased at an average annual rate of +5.4% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The global organic virgin coconut oil market was valued at USD 8.73 billion in 2025 and is expected to reach USD 18.14 billion by 2033, growing at a CAGR of 7.36% during the forecast period. The increasing demand for organic and natural products due to growing health consciousness and rising disposable income is driving the growth of the market. Furthermore, the rising popularity of coconut oil as a substitute for butter and other dairy products in various cuisines is also contributing to the market growth. Key market players include Barlean's (US), Hain Celestial Group (US), Nutiva Inc. (US), Carrington Farms (US), La Tourangelle (US), Celebes Coconut Corporation (Philippines), Greenville Agro Corporation (Philippines), SC Global Coco Products, Inc (Philippines), Naturoca (Indonesia), Farmerindia (India), Viva Naturals (Canada), Garden of Life LLC (US), and Jarrow Formulas, Inc. (US). Recent developments include: In April 2021, NUTIVA a US-based global leader in Organic products launched a new Range of Organic virgin coconut oils named, Nutiva Organic Liquid Coconut Oils, to strengthen its coconut oil portfolio., Intended Audience, This report will be beneficial for every stakeholder of the Organic virgin coconut oil market such as:. Potential restraints include: NEGATIVE IMPACTS ASSOCIATED WITH USED COOKING OIL 33, RESTRAINT IMPACT ANALYSIS 34. Notable trends are: Growing consumer awareness regarding natural food flavors to boost the market growth.

The refined coconut oil market is experiencing robust growth, driven by increasing consumer awareness of its health benefits and versatile applications in food, cosmetics, and personal care. While precise market size figures for the base year (2025) are unavailable, industry analysis suggests a market size in the range of $2.5 billion to $3 billion USD, based on similar product categories and growth rates. This market is projected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 6-8% from 2025 to 2033, indicating continued expansion. Key drivers include the rising demand for natural and organic products, growing health consciousness among consumers leading to increased consumption of healthy fats, and the increasing popularity of coconut oil in various culinary and cosmetic applications. Trends such as the development of innovative product formulations (e.g., refined coconut oil infused with other natural ingredients), increased adoption of sustainable sourcing practices, and the growing popularity of coconut oil-based skincare products are further fueling market expansion. However, potential restraints include price volatility due to fluctuations in coconut production and competition from other vegetable oils. The market is segmented by application (food, cosmetics, personal care, etc.), distribution channel (online, offline), and region. Major players in the refined coconut oil market include NMK Holdings Private Limited, Greenville Agro Corporation, P.T. Harvard Cocopro, and several other regional and international companies, engaged in both production and distribution across different geographical regions. The growth trajectory of the refined coconut oil market is promising, with the potential for significant expansion in both developed and developing markets. The increasing availability of refined coconut oil in various formats (e.g., bottled oil, capsules, etc.) and its incorporation into a widening range of consumer goods will be crucial in fostering continued growth. Strategic partnerships, mergers, and acquisitions amongst key market players are also expected to shape the competitive landscape over the coming years. The sustained focus on product innovation, enhanced marketing and distribution strategies, and a proactive approach to addressing sustainability concerns will be key success factors for companies seeking to capitalize on this expanding market opportunity.

Global Refined Coconut Oil comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Coconut Oil Market Outlook

The global coconut oil market is poised to reach a valuation of USD 8.5 billion by 2032, driven by increasing health awareness and versatile applications across various industries. The market is expected to grow at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2024 to 2032.

One of the key growth factors propelling the coconut oil market is the rising consumer inclination towards natural and organic products. As consumers become more health-conscious, they are increasingly seeking alternatives to traditional cooking oils and skincare products that contain synthetic ingredients. Coconut oil, renowned for its multifaceted health benefits such as improving cardiovascular health, boosting immunity, and enhancing skin and hair health, fits well into this trend. Additionally, the increasing demand for superfoods and natural health supplements has contributed to the rise in coconut oil consumption.

The cosmetics industry has significantly boosted the demand for coconut oil, as it is widely used in products ranging from moisturizers and hair care solutions to makeup removers and lip balms. Its natural anti-bacterial and anti-inflammatory properties make it a preferred choice for skin care formulations. Moreover, the trend towards clean beauty, which promotes products free of harmful chemicals, has further catalyzed the use of coconut oil in cosmetic applications. The versatility and efficacy of coconut oil in enhancing beauty and personal care products ensure that its demand is likely to remain robust in the foreseeable future.

In the food and beverages sector, coconut oil has gained traction due to its functional benefits and unique flavor profile. It is increasingly used in cooking, baking, and as a dairy-free alternative to butter and other fats. The ketogenic and paleo diets, which emphasize high-fat and low-carb intake, have also played a pivotal role in boosting the popularity of coconut oil. These dietary trends have propelled the use of coconut oil, particularly virgin coconut oil, as a key ingredient in health-conscious recipes and food products.

The regional outlook for the coconut oil market reveals a promising scenario, especially in the Asia Pacific region, which dominates the global production and consumption of coconut oil. Countries like the Philippines, India, and Indonesia are leading producers, benefiting from favorable climatic conditions and established coconut farming practices. North America and Europe are witnessing increasing demand due to rising health consciousness and the growing trend of natural and organic products. Latin America and the Middle East & Africa regions are also emerging as significant markets due to the expanding food and beverage industry and rising disposable incomes.

Product Type Analysis

The coconut oil market is segmented into various product types, including Virgin Coconut Oil, Refined Coconut Oil, Organic Coconut Oil, and Others. Each of these product types has distinct characteristics and applications, catering to different consumer needs and preferences. Virgin Coconut Oil (VCO) is gaining remarkable popularity due to its unrefined nature, preserving all the essential nutrients and natural flavor. It is extracted from fresh coconut kernel without the use of chemicals, making it highly desirable for health-conscious consumers who prefer minimally processed products. The demand for VCO is particularly strong in the food and beverages sector, where it is used for cooking and as a dietary supplement.

Refined Coconut Oil, on the other hand, undergoes a refining process to remove impurities and extend its shelf life. This type of coconut oil is widely used in industrial applications, including food processing and cosmetics manufacturing. It offers a neutral taste and higher smoke point, making it suitable for high-heat cooking and frying. The affordability and versatility of refined coconut oil contribute to its widespread utilization in commercial and household settings.

Organic Coconut Oil is another significant segment that caters to the growing demand for organic and sustainably sourced products. Produced from coconuts cultivated without synthetic fertilizers or pesticides, organic coconut oil appeals to environmentally conscious consumers. This segment is witnessing robust growth, driven by the increasing awareness of organic farming practices and the perceived health benefits of organic products. The use of organic coconut oil extends beyond food applications to include skincare and personal care products, where consum

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.