Global Virgin Coconut Oil Market Drivers, Challenges & Trends 2017-2021: Health Benefits Of Virgin Coconut Oil / Negative Image Of Coconut Oil Among Consumers / Endorsement By Various Celebrities - Research and Markets
Research and Markets has announced the addition of the "Global
Virgin Coconut Oil Market 2017-2021" report to their offering.
The global virgin coconut oil market to grow at a CAGR of 9.75% during
the period 2017-2021.
The report covers the present scenario and the growth prospects of the
global virgin coconut oil market for 2017-2021. To calculate the market
size, the report considers the revenue generated from the sales of
virgin coconut oil to individual consumers. The report also includes a
discussion of the key vendors operating in this market.
The players in the market are coming up with new value-added products
from virgin coconut oil. Such products will increase the consumer
interest in the market and will also help the farmers to gather more
return on their products. Only 8% of value addition in coconut oil is
happening in India, while it is about 60%-70% in the Philippines. The
value-added products will help the market grow during the forecast
period.
According to the report, the players are launching new products to stay
competitive in the market and also to keep the interest of the consumers
alive in the market. In October 2016, Dash Organics launched 100% raw
extra virgin coconut oil. The new product is Fairtrade and certified
100% organic by Soil Association. In January 2016, Tiana Fair Trade
Organics introduced its raw virgin coconut oil under the brand name
CocoPacific.
The product launch is backed by $0.61 million marketing campaign and the
company has also roped in Aldo Zilli, celebrity chef and restaurateur,
as the brand ambassador. In July 2015, FAL Food and Beverages launched
its virgin coconut oil under the brand name Coco Joy. In December 2014,
GraceKennedy Limited launched its virgin coconut oil after spending
about $5 million on researches for the new product.
Further, the report states that the product recalls of virgin coconut
oil due to various reasons is one of the challenges to the growth of the
market. The product recalls will create a negative impression among the
consumers. The product recalls will also cause the consumers to lose
trust in the products in the market. In March 2016, Nisshin OilliO Group
issued a voluntary recall of its coconut oil products including Nisshin
Extra Virgin Coconut Oil due to the presence of Aspergillus, a type of
fungus, in the products. The company recalled about 1.6 million products.
Key Vendors:
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Barlean's
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Hain Celestial Group
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Nutiva
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Tropical Traditions
Other Prominent Vendors:
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C20 Pure Coconut Water
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C Coconut Water
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CHi
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Edward & Sons
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H2coco
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iTi Tropicals
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Jax Coco
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Zumi Natural (Coco Zumi)
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Appendix
Part 17: Extras
For more information about this report visit http://www.researchandmarkets.com/research/rvlvkk/global_virgin
View source version on businesswire.com: http://www.businesswire.com/news/home/20170113005286/en/
Copyright Business Wire 2017
Source: Business Wire
(January 13, 2017 - 8:14 AM EST)
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