Coconut Oil Market Report 2026

The coconut oil market size has grown strongly in recent years. It will grow from $5.45 billion in 2025 to $5.91 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to expansion of coconut cultivation in tropical regions, increasing consumer awareness of natural oils, growth in traditional food and cosmetic usage, rising exports from producing countries, availability of low-cost processing methods.

The coconut oil market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growing demand for premium and organic oils, increasing use in nutraceutical formulations, expansion of e-commerce distribution channels, rising focus on sustainable sourcing, increasing adoption in clean beauty products. Major trends in the forecast period include growing demand for organic and cold-pressed coconut oil, rising use in functional and health foods, expansion of cosmetic and personal care applications, increasing adoption of sustainable coconut farming practices, enhanced focus on traceability and quality standards.

Rising demand for personal care and cosmetic products is expected to drive the growth of the coconut oil market in the coming years. Personal care and cosmetic products encompass a broad range of consumer goods applied to external parts of the body, including the skin, hair, nails, lips, external genital and anal areas, teeth, and mucous membranes. Coconut oil serves as a natural moisturizing agent that helps hydrate and nourish both skin and hair. It is widely used in lotions, creams, and hair conditioners to deliver deep hydration and enhance skin and hair texture. For example, in 2023, according to Cosmetics Europe, a Belgium-based personal care association, approximately 500 million consumers use personal care products daily to support their well-being and protect their health. In addition, the personal care industry contributes around $31.23 billion (€29 billion) annually to the European economy. As a result, the increasing demand for personal care and cosmetic products is supporting the expansion of the coconut oil market.

Major companies operating in the coconut oil market are concentrating on the development of innovative applications, such as coconut oil-based fat and fiber blends for plant-based meat products, to enhance texture, heat stability, and nutritional value. A coconut oil and fiber blend combines heat-stable coconut fat with insoluble fiber flakes, enabling plant-based products to replicate the marbling, firmness, and sliceability of conventional meat, while also lowering overall fat and cholesterol content. For instance, in March 2024, AAK, a Sweden-based ingredient supplier, introduced AkoVeg 163-14, a coconut oil and fiber flake blend formulated for plant-based meat alternatives. This product delivers a realistic meat-like texture, prevents fat from melting out during cooking, improves firmness and sliceability, enhances flavor retention, and provides a clean-label, plant-based solution for burgers, sausages, and other meat analogues.

In September 2024, Century Pacific Food, Inc. (CNPF), a food company based in the Philippines, acquired a 100% stake in Coco Harvest Inc. for $40 million. This acquisition is intended to boost CNPF's production capacity for coconut-based products and is expected to generate over 1,500 manufacturing jobs while improving market access for local coconut farmers. Coco Harvest Inc. is a Philippines-based company that produces coconut water, milk, desiccated coconut, and virgin coconut oil.

Major companies operating in the coconut oil market are Greenville Agro Corporation, Libra Bioscience Pvt Ltd., Wichy Plantation Company (Pvt) Ltd., Windmill Organics Ltd., PT. Harvard Cocopro, Royce Food Corporation, Marico Ltd., Nutiva Inc., Dr. Bronner's, Golden Barrel, Spectrum Essentials, Dignity Coconuts, Harin Bio-Tech International Private Limited, Sakthi Exports, Aluan, Bo International, Shree Western G & C Ind., Jiangxi Planty Manor Health Industry Co. Ltd., HanCole Group, NMK Holdings Private Limited, K.K.P. Industries, Manchiee De Coco, Nature Pacific Pty Ltd., Cocomate, Genius Nature Herbs Pvt Ltd., Keratech Coconut Oil Pvt Ltd., Jedwards International Inc., Sun Bionaturals (India) Private Limited, Pureoilsindia, Nature's Oil, KPL Oil Mills (P) Ltd.

Western Europe was the largest region in the coconut oil market in 2025. The regions covered in the 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 coconut oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The coconut oil market consists of sales of virgin coconut oil, desiccated coconut, coconut milk, coconut skimmed milk. 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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