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The United Kingdom coconut oil market attained a volume of 19.63 KMT in 2024. The industry is expected to grow at a CAGR of 3.30% during the forecast period of 2025-2034 to attain a volume of 27.16 KMT by 2034.
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Discover how the UK market for coconut oil is set to experience growth over the next decade, with an expected increase in volume and value. Learn about the projected CAGR and market volume by 2035.
In 2023, the volume of coconut oil imported from countries outside of the European Union into the United Kingdom reached ***** metric tons. For most of the past decade, the import levels have fluctuated. Coconut oil trade When EU arrivals are taken into consideration imports jump to slightly less than ** thousand tons. At first this seems somewhat surprising, however, countries in the EU such as Germany produce coconut oil themselves, although the coconuts are provided via import. Germany’s production comes to just over ** thousand tons. The coconut tree was originally from the Pacific islands and south India. Arabs, Austronesians and Europeans introduced Indian and Pacific Coconut trees to large parts of the world. The palm trees on which the coconuts grow could originally not be found in any parts of the Caribbean, Africa or in any parts of South America. World market Worldwide coconut oil production amounted to over **** million metric tons in 2021/22 and is slightly up from the prior 12 months. Worldwide prices peaked in April of 2017 and have fallen since then bottoming out in June of 2019. At the end of 2019 prices had risen again. In January 2022, prices peaked again and a metric ton of coconut oil was worth *****. dollars.
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Discover the latest trends in the UK coconut oil market and learn how rising demand is expected to drive consumption growth over the next decade. With a projected CAGR of +0.5% in volume and +1.8% in value from 2024 to 2035, the market is set to reach 23K tons and $37M respectively by the end of 2035.
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product market has been steadily increasing over recent years, and forecasts suggest a substantial growth trajectory in the upcoming period.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2031 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2018-2022 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | NMK HOLDINGS PRIVATE LIMITED, Greenville Agro Corporation, P.T. Harvard Cocopro, Naturoca, SUN BIO NATURALS INDIA PRIVATE LIMITED, 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 |
SEGMENTS COVERED | By Product Type - Virgin Coconut Oil, Extra Virgin Coconut Oil By Application - Food, Beauty and Cosmetics, Medical By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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Find out about the expected rise in demand for crude coconut oil in the UK and the projected growth of the market over the next decade.
The value generated from the export of coconut, palm kernel/babassu oil in the United Kingdom decreased by 754 thousand British Pounds (-23.34 percent) compared to the previous year. Nevertheless, the last two years in this industry recorded a significantly higher value than the preceding years.Find other key market indicators concerning the sugar preserved fruits and nuts, pig and poultry fat and vegetable wax..
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The oil and fat industry has endured major ups and downs over the past five years. Health trends have weighed on sales, as consumers have looked to cut back on fatty and fried food and some claim seed oils are the root of many health concerns. Soaring inflation has also impacted consumer demand and the cost of inputs for producers. While manufacturers could pass on some cost increases, causing revenue to spike in 2022-23, higher costs have squeezed profit. Revenue is anticipated to fall at a compound annual rate of 1.3% over the five years through 2025-26 to £1.09 billion. In 2025-26, manufacturers face a multitude of concerns. As health consciousness grows, demand for speciality oils, such as olive and coconut oil, has climbed due to their health benefits. However, domestic producers struggle to compete with manufacturers abroad due to the non-nativity of the inputs required and the superior reputation for quality these imports have. Additionally, producers continue to endure volatile input prices as domestic production of key inputs, rapeseed in particular, continues to drop to record lows. This has meant that manufacturers' reliance on imports has soared, putting them at the mercy of prices of inputs, which are impacted by global supply chains and exchange rates. With the growing conditions of major foreign input producers still hanging in the balance, as well as an uncertain global trade environment triggered by US President Trump’s tariffs, input costs for 2025-26 are likely to rise. This raises concerns for manufacturers over the availability and price of supply, and its impact on profit, leading to higher sales prices. Therefore, industry revenue is expected to grow by 2.9% in 2025-26. Industry revenue is expected to sink at a compound annual rate of 1.8% over the five years through 2030-31 to £994 million. Government initiatives aimed at boosting biofuel production, both at home and abroad, will likely raise demand for animal fats, supporting revenue. Additionally, smaller producers are experimenting with commercial domestic production of speciality oils (like olive) for the first time, which could provide an exciting opportunity for future growth. However, consumer demand for seed oils hangs in the balance; while health professionals are keen to highlight how they are not as detrimental to human health as some people believe, more extensive research is necessary to confidently claim that they are beneficial to an individual's health.
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Discover how the demand for crude coconut oil in the UK is driving market growth, with projections showing a slight increase in performance over the next decade. By 2035, the market volume is expected to reach 6.4K tons, with a value of $15M in nominal prices.
The value generated from the import of coconut, palm kernel/babassu oil in the United Kingdom increased by 3.8 million British Pounds (+6.73 percent) in 2024. In total, the value amounted to 60 million British Pounds in 2024. Find other key market indicators concerning the ginger, cocoa shells and fresh or dried bananas and plantains..
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Wilmar International, COFCO, Changshouhua Food, Xiwang Food, Dongling Grain & Oil Co. Ltd., Jiajia Food, Hunan Jinjian Cereals Industry Co. Ltd., J.M. Smucker Company, Thanakorn Vegetable Oil, Cargill, FUJI OIL CO. Ltd., Palmtop Vegeoil Products Sdn Bhd, OLVEA Group, Tampieri Spa, Others |
SEGMENTS COVERED | By Product Type - Soybean Oil, Peanut Oil, Rapeseed Oil, Olive Oil, Cottonseed Oil, Corn Oil, Coconut Oil, Nut Oil, Others By Application - Biofuel, Food Industry, Wood Finishing, Oil Painting, Skin Care By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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UK refined coconut oil market forecast to grow to 187K tons and $376M by 2035, driven by sustained demand. Analysis covers production, consumption, trade dynamics, and key supplier insights.
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The article discusses the increasing demand for refined coconut oil in the UK, projecting a continued upward consumption trend over the next decade. Market performance is expected to grow at a slower rate, with an anticipated CAGR of +0.1% from 2024 to 2035, reaching a volume of 187K tons and a value of $376M by the end of 2035.
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Colonial Chemical, Stepan, Ele Corporation, Enaspol, Kao, Kawaken, Miwon Commercial, K & FS, Zhejiang Zanyu, Kemei Chemical, Jiangsu Haian, Haijie Chemical, Others |
SEGMENTS COVERED | By Product Type - Coconut Oil Base Alkanolamide, Palm Oil Base Alkanolamide, Others By Application - Personal Care Products, Industrial Applications, Daily Washing Products By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 3.36(USD Billion) |
MARKET SIZE 2025 | 3.48(USD Billion) |
MARKET SIZE 2035 | 5.0(USD Billion) |
SEGMENTS COVERED | Type, Source, Packaging Type, End Use, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | increasing health awareness, rising demand for organic products, growing infant nutrition concerns, expansion of e-commerce platforms, stringent regulatory standards |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Crispian, Gulf Oil, Associated British Foods, Marico Limited, SABIC, Kuala Lumpur Kepong Berhad, Intercontinental Specialty Fats, Bunge Limited, Archer Daniels Midland Company, Musim Mas Holdings, Cargill, Baker Hughes, Adani Wilmar, IOI Corporation Berhad, Wilmar International |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Organic baby edible oil demand, Growing health-conscious consumer base, Expansion in emerging markets, Increased online retail presence, Innovative packaging solutions |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.7% (2025 - 2035) |
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MCTs, which are made from coconut oil, red palm kernel oil a wide variety of plant origins including wool yeast or soybeans Grapes uniform congregate on the face of the lighthouse fog horn blowing across the water sounds pleasant. The market is projected to surpass USD 1,721.788 Million by 2035, growing at a CAGR of 5.9% during the forecast period.
Key Market Metrics
Metric | Value |
---|---|
Market Size in 2025 | USD 970.554 Million |
Projected Market Size in 2035 | USD 1,721.788 Million |
CAGR (2025 to 2035) | 5.9% |
Country-wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
United States | 5.8% |
Country | CAGR (2025 to 2035) |
---|---|
United Kingdom | 5.9% |
Country | CAGR (2025 to 2035) |
---|---|
European Union | 6.0% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 6.1% |
Segmentation Outlook
Form | Market Share (2025) |
---|---|
Medium-Chain Triglycerides in Liquid Form | 58.2% |
Source | Market Share (2025) |
---|---|
Medium-Chain Triglycerides from Coconut | 64.5% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Cargill | 14-18% |
BASF SE | 12-16% |
Stepan Company | 10-14% |
Wilmar International | 8-12% |
Koninklijke DSM N.V. | 6-10% |
Other Companies (combined) | 35-45% |
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According to Cognitive Market Research, the Global Caprylic/Capric Triglycerides Market Size was USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.
• The global Caprylic/Capric Triglycerides Market will expand significantly by XX% CAGR between 2024 and 2031.
• Based on Source Type, The Coconut Oil dominates the global Caprylic/Capric Triglycerides market in the year 2023. Based on Source type, the market is divided into Coconut oil, Palm oil, and others.
• Based on End-users, the Personal Care and Cosmetics segment dominates the size segment of the Caprylic/Capric Triglycerides Market in the year 2023. Based on end – users , the market is classified into Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Process Industries, Others.
• The application segment of the global Caprylic/Capric Triglycerides market is dominated by the Skincare segment. based on application, the global Caprylic/Capric Triglycerides market is segmented into Skin Care, Hair Care, Makeup, Fragrances, Bath and Body Care, Food, Medicines and others.
• The Asia pacific region accounted for the highest market share in the Global Caprylic/Capric Triglycerides Market.
• Over the course of the projection period, the Middle east and Africa (MEA) is expected to increase at the fastest rate. CURRENT SCENARIO OF THE CAPRYLIC/CAPRIC TRIGLYCERIDES MARKET
Key Factors Driving the Growth of the Caprylic/Capric Triglycerides Market
Increasing consumption in the personal care industry drives the caprylic/capric triglycerides market
Caprylic triglycerides are an oily liquid, typically produced by combining coconut oil with glycerine. This ingredient is sometimes called capric triglyceride and is also known as fractionated coconut oil. It assists in smoothening the skin and also works as an antioxidant. Caprylic triglycerides are compounds made of naturally occurring fatty acids. The high-fat substance in them alongside their surface and antioxidant agent characteristics, make them of specific use for cleanser and skincare items.
Caprylic triglycerides are added to cosmetics the products in order to extend the shelf life of their active ingredients as they operate as a preservative by binding other chemicals.
Germany is the largest cosmetic market in Europe, followed by France and the United Kingdom. For instance, according to IKW, the German Cosmetic, Toiletry, Perfumery and Detergent Association, in 2022, the market value of beauty and personal care in Germany is estimated to be EUR 14,333 million (USD 15,104.115 million) , which shows an increase of 5.36% compared to 2021. (Source: https://www.ikw.org/en/market-data)
Therefore, an increase in the market value of beauty and personal care products in the country is expected to create an upside demand for the caprylic/capric triglycerides in the country
Effective absorption leads to increasing consumption of caprylic/capric triglyceride
The effective absorption properties of caprylic/capric triglycerides have significantly contributed to their increased usage across various industries. In the personal care and cosmetics sector, these triglycerides are valued for their lightweight and non-greasy texture, allowing them to be easily absorbed into the skin without leaving a heavy residue. As a result, they are extensively used in skincare products, such as creams, lotions, and serums, enhancing the delivery of active ingredients and promoting better skin hydration.
Caprylic/capric triglycerides are also used as excipients in oral medicine formulations in the pharmaceutical industry because of their good solubility and compatibility with a wide variety of active pharmaceutical ingredients (APIs). Their capacity to increase the bioavailability of poorly soluble medications guarantees improved absorption and effectiveness, which improves therapeutic results. They are also appropriate for use in lipid-based formulations and soft gel capsules, among other drug delivery systems, due to their stable chemical structure and minimal irritability. Overall, caprylic/capric triglycerides' excellent absorption qualities have made them necessary in a wide range of applications, fueling their rising use and renown in a variety of industries. driving the revenue of the caprylic/capri...
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Coconut Oil Price in the UK - 2023. Find the latest marketing data on the IndexBox platform.
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Wilmar International, VVF, Vigon International, Hallstar, Ecogreen Oleochemicals, KLK Oleo, Oleon, Solazyme, Pacific Oleochemicals |
SEGMENTS COVERED | By Product Type - Coconut Oil, Palm Oil, Algal Oil By Application - Personal Care, Pharmaceutical, Food & Beverages, Agrochemical By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
According to our latest research, the global vegan saltwater taffy market size in 2024 stands at USD 172.5 million, reflecting a vibrant and growing niche within the broader confectionery industry. The market is experiencing a robust compound annual growth rate (CAGR) of 9.2% from 2025 to 2033, driven primarily by the increasing consumer demand for plant-based and allergen-free confectionery products. By the end of 2033, the market is forecasted to reach approximately USD 389.7 million, underscoring the significant momentum and adoption of vegan alternatives in traditional candy segments. This growth is fueled by heightened health consciousness, ethical consumerism, and the expanding availability of innovative vegan confectionery options across global markets.
One of the primary growth factors propelling the vegan saltwater taffy market is the substantial shift in consumer preferences towards plant-based diets and cruelty-free products. Modern consumers, particularly millennials and Gen Z, are increasingly prioritizing ethical consumption, seeking out products that align with their values concerning animal welfare and environmental sustainability. This shift has led to a surge in demand for vegan confectionery, including saltwater taffy, which traditionally contains animal-derived ingredients. Manufacturers are responding by reformulating recipes to exclude gelatin, dairy, and other animal products, replacing them with plant-based alternatives such as coconut oil, rice syrup, and natural fruit flavors. This not only caters to vegans but also appeals to a broader demographic including lactose-intolerant individuals and those with dietary restrictions, further expanding the market base.
In addition to ethical and dietary motivations, the clean label and health trend is significantly influencing the growth trajectory of the vegan saltwater taffy market. Consumers are increasingly scrutinizing ingredient lists, favoring products free from artificial additives, preservatives, and allergens. The demand for organic and non-GMO options is particularly pronounced, prompting manufacturers to innovate with natural sweeteners and flavors. This trend is further amplified by the growing awareness of the health risks associated with excessive sugar consumption and artificial ingredients, driving the adoption of vegan taffy as a perceived healthier alternative to conventional candies. The market is witnessing a proliferation of organic vegan saltwater taffy variants, which are not only free from animal products but also cater to the wellness-oriented segment of consumers.
The evolution of retail channels has also played a pivotal role in the expansion of the vegan saltwater taffy market. The rapid growth of e-commerce platforms and the increasing penetration of specialty health food stores have made vegan confectionery more accessible to a global audience. Online retail, in particular, has enabled brands to reach niche consumer segments, offering a diverse array of flavors and packaging options that may not be available in traditional brick-and-mortar stores. Moreover, the strategic placement of vegan taffy in supermarkets and hypermarkets, often in dedicated plant-based or allergen-free sections, has enhanced product visibility and consumer trial. This omnichannel approach, combined with targeted marketing campaigns and influencer partnerships, is driving brand awareness and accelerating market growth.
From a regional perspective, North America currently dominates the vegan saltwater taffy market, accounting for the largest share due to the high prevalence of veganism and a well-established confectionery industry. Europe follows closely, with significant growth observed in countries such as the United Kingdom, Germany, and France, where plant-based diets are rapidly gaining traction. The Asia Pacific region is emerging as a lucrative market, propelled by rising disposable incomes, urbanization, and increasing health consciousness among consumers. Latin America and the Middle East & Africa, while representing smaller shares, are witnessing steady growth as global brands expand their distribution networks and local players introduce innovative vegan confectionery products. Overall, the regional outlook remains highly favorable, with each region contributing uniquely to the global expansion of the vegan saltwater taffy market.
A notable innovation within the vegan saltwater taffy market is the introduction of unique flavor profiles that cater
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The United Kingdom coconut oil market attained a volume of 19.63 KMT in 2024. The industry is expected to grow at a CAGR of 3.30% during the forecast period of 2025-2034 to attain a volume of 27.16 KMT by 2034.