Manufacturers of Coconut Oil to Move Away from Traditional Ways, High-value Production Becomes Imperative
Manufacturers in the coconut oil market are making a smart switch from the traditional business model and leveraging the evolving statistics. The purpose of this switch is to ensure increased production and tap into prime opportunities. Sensing the fad for high-value products such as virgin coconut oil as a functional food oil across the global stratosphere, manufacturers are revving up the production of such products to attain high profits margins. With the onset of the eco-innovation trend, key stakeholders in the coconut oil market are swiftly adopting sustainable methods to come up with high-quality products in resonance with environmental wellness.
Ambiguities over Actual Health Benefits of Coconut Oil Denting Consumer Confidence
The health benefits of coconut oil continue to be a subject of debate among prominent researchers. Proponents of coconut oil vouch for its health benefits such as enhancing metabolism, boosting ketone concentration, and dermatological benefits. On the contrary, opponents continue to warn consumers about its potential health impacts including high cholesterol, intestinal distress, thyroid problems, and so on. Two recent reports published in NCBI unveil that consumption of coconut oil not only has neuropositive impacts for Alzheimer patients, but also curtails the cognitive deficits associated with this disorder. Moreover, a recent study conducted by researchers at the University of Cambridge has found that coconut oil reduces the risk of cardiovascular diseases.
On the other hand, a significant section of researchers are of the opinion that coconut oil is bad for health. Dr. Karin Michels, Dean of Harvard T.H. Chan school of Public Health, condemned the idea of coconut oil consumption. The ambiguities over health benefits of coconut oil will continue to have an impact on the bottom lines of stakeholders. The burst in coconut oil sales, especially during the period 2011-2015, is steadily waning, as consumers look for alternatives that are not mired in controversy. It is highly likely that further negative press will lead to a steady decline in global sales over the course of the forecast period.
Supply and Production Instabilities to be an Achilles’ heel of Coconut Oil Market
Coconut oil has witnessed considerable demand in the last decade on account of its unmatched versatility. However, supply inconsistencies and sluggish rate of production have raised up coconut oil prices to a new high. According to sources, the rising demand for coconut-based variants such as coconut sugar and coconut water have skyrocketed in the past few years, exhausting raw materials used for oil manufacture. The inability of manufacturers to streamline the supply framework as per demand generated for coconut oil has led to this surge in prices. It is likely that this increase in prices might lead to debut of adulterated coconut oil in the market, which might pose threats for the product integrity quo of coconut oil market.
Opportunities Abound as Coconut Oil becomes a Renewable Alternative for Diesel Engines
Fuel crisis and rising concerns of the society regarding depletion of non- renewable energy resources have led to a quest for alternative options. Several efforts have been directed toward energy generation from various alternative sources, including solar and biological sources. Generation of energy by converting trapped energy from sunlight to electricity and renewable agricultural products to fuel have been prevailing as the conventional practices. A trend of using coconut oil to produce biodiesel fuel as an alternative to conventional diesel fuel has gained prominence in the past few years. A flurry of innovations in this regard might act as an elixir boosting prosperity of the coconut oil market in the foreseeable future.
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The competitive landscape in the coconut oil market report features key players operating in the industry. The key players of coconut oil market have been featured based on their revenue shares, key differential strategies, and several other factors. The report features key players operating in the coconut oil market such as Adani Wilmar, Ruchi Soya Industries, Associated British Foods, Cargill Inc., Archer Daniels Midland Company, Bunge Limited, Adams Group Inc., and American Vegetable Oil Inc.
Cargill Inc., a prominent player in the coconut oil market, had acquired Dalmia olive oil business to forge ahead with new product launches. Moreover, Cargill Inc. invested approximately $17.5 million in Izegem edible vegetable oil refinery to upgrade its production capacity.
Key players in the coconut oil market are introducing new varieties such as turmeric-infused coconut oil to tap into prime opportunities. In addition to that, innovative products such as NatureWax Coconut 1 and NatureWax Coconut 2 made with coconut oil are also diversifying dynamics of coconut oil market.
Coconut oil refers to the oil extracted from edible part of a coconut, which is known as “kernel” of the coconut. This oil is extracted using a variety of methods, which is why the oil available for use comes in two different forms, namely refined and unrefined.
Additional Questions Answered
Some of the additional questions answered in the report on coconut oil market include
- What are the other top-notch trends shaping up global coconut oil market?
- What are the prominent challenges hindering growth of global coconut oil market?
- Which are the segments in the coconut oil market projecting an optimistic growth potential over the forecast period?
Fact.MR presents a detailed opportunity analysis of coconut oil market for the forecast period of 2017 to 2022. The report has been compiled by meticulous research study and summation of data gleaned from multiple reliable sources. Crucial facets impacting the dynamics of coconut oil market have been identified and included in the report. The intelligence on coconut oil market presented in the report is comprehensive, reliable, and a result of an extensive research methodology.
Chapter 1- Executive Summary
This chapter features a crisp executive summary of the global coconut oil market illustrating the industry roadmap. Also, this segment gives a snapshot of discrete segments of the coconut oil market along with their growth statistics.
Chapter 2- Market Overview
The overview section entails a short introduction to the global coconut oil market. Also, it consists of a standard definition of the product “coconut oil”. Additionally, growth influencers of coconut oil market such as drivers, trends and restrains have also been sketched in this chapter.
Chapter 3- Market Analysis and Forecast by Product Type
This section comprises of a detailed analysis of coconut oil market based on various product types such as processed coconut oil and virgin coconut oil. The analysis is done by various parameters such as revenue comparison, market share comparison, and Y-o-Y growth comparison.
Chapter 4- Market Analysis and Forecast by End User
This chapter illustrates the growth of coconut oil market based on various end users such as food processor, foodservice, and retail. The analysis has been articulated using multiple parameters such as revenue comparison, market share comparison, and Y-o-Y growth comparison.
Chapter 5- Market Analysis and Forecast by Distribution Channel
This chapter gauges the growth of coconut oil market based on various distribution channels such as modern trade, franchise outlets, specialty stores, and online channels. The analysis has been compiled using reliable aspects such as revenue comparison, market share comparison, and Y-o-Y growth comparison.
Chapter 6- Market Analysis and Forecast by Region
This chapter presents an exclusive growth projection of coconut oil market across various regions such as North America, Latin America, Europe, Japan, APEJ, and MEA. The analysis has been carried out using crucial calculations such as revenue comparison, market share comparison, and Y-o-Y growth comparison.
Chapter 7– North America Coconut Oil Market Analysis
This chapter includes a detailed study on sales of coconut oil across key geographies such as United States and Canada in North America region. In-depth assessment of discrete segments of North America coconut oil market has been discussed in this chapter.
Chapter 8 – Latin America Coconut Oil Market Analysis
This chapter of the coconut oil market report incorporates analysis on demand and sales projections of coconut oil market across prime countries in Latin America coupled with a segmental snapshot across this region.
Chapter 9 – Europe Coconut Oil Market Analysis
This chapter discusses about the industry roadmap of coconut oil market in the Europe region along with key aspects influencing the market landscape in this region.
Chapter 10 – Japan Coconut Oil Market Analysis
Different aspects of industry growth course of the Japan coconut oil market has been analyzed in this chapter. Sales of coconut oil along with year-on-year growth with market attractiveness for Japan has been covered in this chapter.
Chapter 11 – Asia Pacific Excluding Japan (APEJ) Coconut Oil Market Analysis
This chapter covers rigorous analysis on demand and supply framework of coconut oil market across crucial emerging economies in the APEJ region.
Chapter 12 – Middle East and Africa (MEA) Coconut Oil Market Analysis
This section of the coconut oil market report offer vital insights on demand for coconut oil across prime countries in the MEA region, backed by market volume analysis as well as price point assessment.
Chapter 13- Coconut Oil Market Company/Manufactures/Distributors/Suppliers Profile and Revenue Projections
This section elaborates on the competitive rivalry of the coconut oil market based on various aspects such as revenue shares, key differential strategies, market foothold, and many more.
Chapter 14- Research Methodology
This chapter talks about the research methodology adopted to procure compelling insights that portray the growth trajectory of coconut oil market.
Chapter 15- Secondary and Primary Sources
This chapter features an array of secondary and primary resources that have been leveraged by the research analysts to provide an unmatched analysis of the industry landscape.
The above data points have been derived from diverse resources including published financial data, quarterly financial statements, 10-K & 10-Q filings, annual reports, company websites, company press releases, published trade data, local newspapers, and other data sources.
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