The global coconut oil market is estimated to be valued at USD 5.4 billion in 2022. It is projected to reach USD 7.5 billion by 2027, recording a CAGR of 5.5% during the forecast period. Coconut oil is a yellowish-white solid or semi-liquid available in the form of edible oil. It is extracted from the wick, meat, and milk of the coconut palm fruit and has a low percentage of unsaturated fatty acids and is up to 90% saturated fat with no cholesterol content. The types of coconut oils available in the industry can be classified as RBD, virgin, and crude, serving various applications in the fields of food & beverages, cosmetics, pharmaceuticals, and many others.
Top Companies in the Coconut Oil Market
- Cargill Incorporated (US)
- ADM (US)
- Bunge Limited (US)
- Mangga Dua (Indonesia)
- Greenville Agro Corporation (Philippines)
- Royce Food Corporation (Philippines)
- Novel Nutrients Pvt. Ltd. (India)
- Aromaax International (India)
- Adams Group (US)
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Cargill Incorporated (US): Cargill is a leading player in the coconut oil market, leveraging its extensive supply chain and sustainable sourcing practices. The company partners with farmers in the Philippines and Indonesia to procure high-quality copra and virgin coconut oil. Cargill’s coconut oil is used across food, personal care, and industrial applications, with growing emphasis on clean-label and non-GMO offerings.
ADM (US): ADM has expanded its edible oil portfolio to include coconut oil, tapping into the rising demand for plant-based and functional oils. Through strategic sourcing and advanced refining techniques, ADM provides coconut oil tailored for food processing, cosmetics, and nutritional applications. The company’s presence in the coconut oil market reflects a commitment to traceability and sustainability.
Bunge Limited (US): Bunge Limited is actively involved in producing and distributing coconut oil for the foodservice and packaged food sectors. The company’s wide global reach enables efficient export from key coconut-producing countries like the Philippines. Bunge focuses on offering organic and virgin coconut oil options to meet evolving consumer preferences in the coconut oil market.
Mangga Dua (Indonesia): Mangga Dua is a significant Indonesian supplier of coconut-based products, including coconut oil. Known for its virgin and refined coconut oils, the company exports to over 50 countries. Mangga Dua capitalizes on Indonesia’s abundant coconut supply and advanced processing infrastructure to serve both food-grade and cosmetic-grade segments of the coconut oil market.
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Greenville Agro Corporation (Philippines): Greenville Agro Corporation specializes in high-quality coconut oil production and is a major exporter from the Philippines. The company offers a range of products, including crude coconut oil, refined coconut oil, and virgin coconut oil. Greenville is committed to supporting local coconut farmers and enhancing sustainability within the broader coconut oil market landscape.
Royce Food Corporation (Philippines): Royce Food Corporation is a vertically integrated producer of coconut oil and coconut-based ingredients. With a strong presence in the U.S., Europe, and Asia, Royce offers virgin coconut oil, MCT oil, and organic coconut oil products. The company has received certifications like USDA Organic and Halal, making it a preferred partner for health-conscious segments of the coconut oil market.
Novel Nutrients Pvt. Ltd. (India): Novel Nutrients is an emerging Indian company manufacturing premium coconut oil for the health and wellness sectors. Its product line includes virgin, cold-pressed, and organic coconut oils. The company serves domestic and export markets and promotes coconut oil’s benefits in nutraceuticals and functional foods.
Aromaax International (India): Aromaax International offers a wide range of coconut-derived oils, including virgin coconut oil for cosmetic, ayurvedic, and edible applications. The company focuses on traditional extraction methods to preserve the oil’s natural aroma and therapeutic qualities. Aromaax caters to bulk export markets across Asia and the Middle East.
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Adams Group (US): Adams Group is a trusted U.S.-based supplier of natural oils, including coconut oil used in the personal care, cosmetics, and food industries. The company’s commitment to high-quality sourcing and private-label manufacturing solutions has made it a key player in the natural oil segment.