The North America Extra Virgin Coconut Oil Market would witness market growth of 8.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 203.88 hundred tonnes, showcasing a growth of 13.2% (2020-2023).
In the B2B (business-to-business) segment, the market is experiencing notable trends driven by various end-use industries. One prominent trend is the increasing demand from the food and beverage sector, where Extra Virgin Coconut Oil is valued for its flavor. Thus, the US market consumed 215.69 hundred tonnes of extra virgin coconut oil in the market 2023.
The US market dominated the North America Extra Virgin Coconut Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $896.7 Million by 2031 The Canada market is experiencing a CAGR of 10.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2024 - 2031).
Extra virgin coconut oil is a pristine, unprocessed extract sourced from fresh coconut meat through a cold-press technique, ensuring the retention of natural antioxidants, vitamins, and medium-chain fatty acids. Its distinct flavor profile and high smoke point make it popular for baking and cooking.
Moreover, it can be used in sautéing, frying, and roasting recipes and as a replacement for butter or other cooking oils. Due to its moisturizing and nourishing properties, EVCO is popular in skincare and beauty products.
Consumers in North America may easily browse, compare, and buy various EVCO products from the comfort of their homes due to e-commerce platforms. E-commerce platforms provide information about EVCO products, including product descriptions, ingredients, nutritional information, and customer reviews in North America.
Free Valuable Insights: The Extra Virgin Coconut Oil Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
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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