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Coconut Oil Market
The global coconut oil market is estimated to be valued at USD 5.7 billion in 2022 and is projected to reach USD 7.4 billion by 2027, recording a CAGR of 5.5%, in terms of value. Coconut oil is a major commercial product of coconut. Coconut oil is used as a cooking fat, hair oil, body oil, and industrial oil. Refined coconut oil is prepared exclusively for industrial purposes and is widely used in the manufacture of biscuits, chocolates, ice-creams, margarine, and confectionery items. It is also used for the manufacture of pharmaceutical agents.
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