The Europe Extra Virgin Coconut Oil Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 274.82 hundred tonnes, showcasing a growth of 13.0% (2020-2024).
Extra Virgin Coconut Oil (EVCO) packaged in metal cans offers a multitude of uses and advantages, driving a distinct market trend. In culinary applications, EVCO serves as a premium cooking oil known for its high smoke point, imparting a delicate coconut flavor to dishes. Thus, the France market consumed 37.99 hundred tonnes of extra virgin coconut oil in the market 2023.
The Germany market dominated the Europe Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $289.9 Million by 2031. UK market is exhibiting a CAGR of 6.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 8.6% during (2024 - 2031).
In aromatherapy, coconut oil is used as a carrier for diluting essential oils before applying them to the skin. It's also a popular choice for massage due to its moisturizing properties and pleasant aroma. Coconut oil has industrial applications.
Additionally, Coconut oil is sometimes used in pet care products for its potential benefits to animal skin and coat health. It's also incorporated into pet diets as a source of healthy fats and energy.
At the national level, the EU countries with the highest median disposable incomes in 2022 were Luxembourg (33 214 PPS), the Netherlands (25 437 PPS), Austria (25 119 PPS), Belgium (24 142 PPS), Denmark (23 244 PPS) and Germany (23 197 PPS).
Free Valuable Insights: The Global Extra Virgin Coconut Oil Market will Hit USD 4.8 Billion by 2031, at a CAGR of 4.3%
Based on End Use, the market is segmented into B2B, and B2C. Based on Packaging, the market is segmented into Metal Cans, Plastic Bottles, and Pouches. Based on Type, the market is segmented into Organic, and Conventional. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End Use (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Packaging (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Type (Volume, Hundred Tonnes, USD Billion, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-2031)
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