The Europe Coconut Oil Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
The Coconut oil is used for cooking food in various nations across Asia-Pacific. Moreover, coconut oil also helps in maintaining good cholesterol levels in the body as it contains low level of unsaturated fatty acids that assist in minimizing the possibilities of heart diseases. Further, it is largely used in the food industry as dietary fat for preparing infant milk powder, confectionery & bakery products, ice-cream, and filled milk. Thus, the growth of the coconut oil market would be driven by the rise in usage of coconut oil in various industries such as cosmetics, food, chemical, and personal care.
In the last couple of years, the Europe has witnesses a substantial rise in the adoption for Coconut Oil. This is attributed to the rise in consumer awareness regarding healthier diets. If oil remains in its most organic form and in this way, it maintains the taste and smell of coconut and its huge content of Vitamin-E, minerals, and healthy medium-chain fatty acids. The growing interest in virgin coconut oil for efficient purposes at businesses or residents is expected to boost the growth & demand for coconut oil in the European market.
The Germany market dominated the Europe Coconut Oil Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $330.8 million by 2027. The UK market is exhibiting a CAGR of 5.7% during (2021 - 2027). Additionally, The France market would poise to grow at a CAGR of 7.3% during (2021 - 2027).
Based on Product Type, the market is segmented into Virgin Coconut Oil, and Coconut RBD Oil. Based on Price Point, the coconut oil market is divided into Mass and Premium. Based on Application, the market is segmented into Food industry, Agriculture, Cosmetics & personal care industry, Chemical Industry, and Others. Based on Packaging, the coconut oil market is segregated into Bottle, Jar, Can, Pouch, Tanks, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Coconut Oil Market Size will Hit $4,554.2 Million by 2027, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hain Celestial Group, Inc., Archer Daniels Midland Company, Bunge Limited, Adani Wilmar Limited, Wichy Plantation Company (Pvt) Ltd (Bitumix (Pvt) Ltd), Windmill Organics Ltd., Marico Limited, Cargill Corporation.
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