Virgin Coconut Oil Market Report 2026

The virgin coconut oil market size has grown strongly in recent years. It will grow from $2.64 billion in 2025 to $2.88 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increasing consumer awareness of natural oils, expansion of coconut cultivation in tropical regions, rising use of traditional cooking oils, growth of wellness-focused diets, availability of cold-press extraction technologies.

The virgin coconut oil market size is expected to see strong growth in the next few years. It will grow to $4.2 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to growing demand for clean-label edible oils, rising adoption in nutraceutical formulations, expansion of premium personal care products, increasing focus on sustainable sourcing, growth of direct-to-consumer oil brands. Major trends in the forecast period include increasing demand for cold-pressed coconut oils, rising preference for organic virgin coconut oil, growing use in functional foods and supplements, expansion of cosmetic and personal care applications, enhanced focus on traceability and purity standards.

Rising demand for organic cosmetic products is expected to drive the growth of the virgin coconut oil market in the coming years. Organic cosmetic products are formulated with natural ingredients, primarily of plant, animal, or mineral origin, and are free from synthetic chemicals and additives. The inclusion of virgin coconut oil in these products aligns with consumer trends toward healthier lifestyles and sustainable consumption. For instance, in May 2023, according to the Organic Trade Association, a US-based industry group, total organic sales, including organic non-food products, reached $60 billion in 2022 and surged to a record $67.6 billion by 2023, reflecting substantial growth in the organic sector. Therefore, increasing demand for organic cosmetic products is supporting the virgin coconut oil market.

Key companies in the virgin coconut oil market are introducing innovative products to maintain their market position. For instance, in August 2023, Marico Limited, an India-based consumer goods company, launched Parachute Advansed Baby, a new range featuring six carefully curated items: massage oil, nourishing soap, shampoo, lotion, cream, and refreshing powder. Each product is designed to provide optimal care for babies’ sensitive skin, incorporating the beneficial properties of 100% virgin coconut oil, a natural source of nutrients also found in mother’s milk. The Parachute Advansed Baby line combines science and nature to support complete growth and development, with all products being doctor-certified, newborn-safe, and formulated to meet the delicate needs of infants from day one.

In September 2024, Century Pacific Food, Inc., a Philippines-based food and beverage company, acquired a 100% stake in Coco Harvest Inc. for an undisclosed amount. Through this acquisition, Century Pacific Food aims to strengthen its coconut-based product portfolio, enhance production capabilities, expand market reach in the coconut products segment, and reinforce its position as a leading food and beverage company in the Philippines. Coco Harvest Inc. is a Philippines-based company specializing in the production and distribution of coconut-derived food products.

Major companies operating in the virgin coconut oil market are Archer Daniels Midland Company, Dabur India Limited, Marico Ltd., Hain Celestial Group, NOW Foods Group Inc., Garden of Life LLC, Jarrow Formulas Inc., Nature's Plus, Edward and Sons Trading Company, Nutiva Inc., La Tourangelle, Kapiva, Barlean's Organic Oils LLC, Bioriginal Food & Science Corp, Jax Coco, Nutriorg, Healthy Traditions Inc., iTi Tropicals Inc., Celebes Coconut Corporation, Sun Bionaturals Private Ltd, Spectrum Organic Products LLC, SC Global Coco Products Inc., Greenville Agro Corporation, Viva Naturals, PT. Harvard Cocopro, Growrich Manufacturing Inc., WOW Skin Science, KLF Nirmal.

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

The virgin coconut oil market consists of sales of coconut-based hair oils, shampoos, lotions, massage oils, and scented candles. 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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