Extra Virgin Coconut Oil Market Report 2026

The extra virgin coconut oil market size has grown strongly in recent years. It will grow from $2.65 billion in 2025 to $2.87 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to expansion of coconut cultivation in tropical regions, rising use of coconut oil in cooking, traditional use in personal care, growth of export trade, improvements in oil extraction methods.

The extra virgin coconut oil market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to growing demand for plant-based wellness products, rising focus on functional health benefits, expansion of online retail sales, increasing adoption in pharmaceuticals and nutraceuticals, higher consumer spending on premium oils. Major trends in the forecast period include growing demand for cold-pressed oils, expansion of organic coconut oil consumption, rising use in personal care applications, increasing preference for clean-label edible oils, product premiumization through quality certifications.

The increasing adoption of plant-based diets is expected to propel the growth of the extra virgin coconut oil market going forward. Plant-based diets emphasize foods derived primarily from plants and are gaining popularity due to health considerations, environmental sustainability concerns, ethical beliefs, cultural shifts, and advancements in food technology. Extra virgin coconut oil (EVCO) is widely used in plant-based diets because of its natural origin, distinctive flavor, and functional cooking properties. It enhances the taste and nutritional profile of meals and is commonly used in vegan and vegetarian cooking, baking, and food preparation. For instance, in May 2025, according to the Plant Based Foods Association, a US-based trade organization, sales of plant-based protein powders and liquids grew by 11% in value and 13% in units in 2024, reaching $450 million. Therefore, the growing adoption of plant-based diets is driving the extra virgin coconut oil market.

Major companies operating in the extra virgin coconut oil market are focusing on developing innovative solutions such as cold-pressed virgin coconut oil formulations to enhance product purity, preserve natural nutrients, and meet rising demand for clean-label, health-focused oils. Cold-pressed virgin coconut oil is extracted from fresh coconut meat without the use of heat or chemicals, helping retain natural antioxidants, aroma, and nutritional benefits, making it suitable for cooking, wellness, and personal-care applications. For example, in July 2025, Julpan Coconut Indonesia, an Indonesia-based coconut products company, launched a new line of organic cold-pressed virgin coconut oil packaged in retail-ready glass bottles. The product targets health- and wellness-oriented consumers in Europe and North America and is free from chemical additives or bleaching agents, offering a premium, minimally processed oil for dietary, culinary, and cosmetic use.

In September 2024, Century Pacific Food Inc., a Philippines-based food manufacturing company, acquired Coco Harvest Inc. for $40 million. This acquisition aimed to expand Century Pacific’s coconut-product manufacturing capacity to meet rising global demand for coconut-based foods and beverages, supporting both domestic and export growth strategies. Coco Harvest Inc. is a Philippines-based coconut-processing company operating a fully integrated facility that produces coconut water, coconut milk, desiccated coconut, and virgin coconut oil.

Major companies operating in the extra virgin coconut oil market are Trader Joe's, Spectrum Essentials, Kirkland Signature, Nature's Way Products LLC, Swanson Health Products Inc., Vitacost.com Inc., NOW Foods, E.T. Browne Drug Co. Inc., Fresh Thyme Farmers Market, Garden of Life LLC, Dr. Bronner's, SheaMoisture, Jarrow Formulas Inc., BetterBody Foods & Nutrition LLC, Nutiva Inc., Banyan Botanicals, Desert Essence, Barlean's Organic Oils LLC, Bioriginal Food & Science Corp., Kelapo, Forest Essentials, Nature's Flavors Inc.

Asia-Pacific was the largest region in the extra virgin coconut oil market in 2025. The regions covered in the extra virgin coconut oil market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the extra virgin coconut oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The extra virgin coconut oil market consists of sales of cold-pressed extra virgin coconut, expeller-pressed extra virgin coconut, centrifuge extracted extra virgin coconut, and unrefined extra virgin coconut. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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