Market Forecast By Product Type (Virgin Coconut Oil, Coconut RBD Oil), By Application (Food industry, agriculture, Cosmetics and personal care industry, Chemical Industry, Others), By Distribution Channel (Direct distribution, Convenience stores, Modern trade units, E-Commerce, Others), By Packaging (Bottle, Jar, Can, Pouch, Tanks, Others), By Price Point (Mass, Premium) And Competitive Landscape
Product Code: ETC220104 | Publication Date: Aug 2023 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India Coconut Oil Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 7.09% in 2025, the growth rate steadily ascends to 10.35% in 2029.
Report Name | India Coconut Oil Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Food Sector |
The India Coconut Oil Market Report thoroughly covers the market by product type, application, distribution channel, packaging, and price point. The India Coconut Oil Market Outlook report provides an unbiased and detailed analysis of the ongoing India Coconut Oil Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India coconut oil market has been experiencing prominent growth and is projected to expand more in the future. The key players in the market and government initiatives are working to support the industry and promote the benefits of coconut oil.
According to 6Wresearch, the India Coconut Oil Market size is estimated to expand at a CAGR of 5.8% during 2025-2031. India is the third-largest producer of coconut in the world, with Kerala being the largest producer in the country. The rising demand for coconut oil in the food industry due to its health benefits and use in traditional cooking has been a major driver of the India coconut oil market. Additionally, the use of coconut oil in beauty and personal care products due to its moisturizing and nourishing properties has also contributed to the growth of the market.
One major challenge the India coconut oil market faces is competition from alternative oils such as soybean and sunflower oil, which are cheaper and more readily available. Additionally, the inconsistency of coconut oil supply due to seasonal variations in production has led to price fluctuations, making it difficult for manufacturers to predict costs and manage inventory.
The market is highly fragmented, with numerous small and medium-sized players. However, there are some key players that dominate the industry, such as Marico Limited, Parachute, and Adani Wilmar. These companies have a strong distribution network and diverse product portfolio, including coconut oil-based food products, personal care products, and pharmaceuticals.
The Indian government has taken several initiatives to boost the coconut industry and promote the use of coconut oil. One such initiative is the Coconut Development Board (CDB), which provides assistance to farmers in the form of subsidies for land, seedlings, and equipment to increase production. In addition, the government has launched the Pradhan Mantri Fasal Bima Yojana (PMFBY) to provide crop insurance to coconut farmers.
The India coconut oil market is expected to continue growing in the coming years, driven by increasing health consciousness among consumers and the popularity of natural and organic products. The rise of e-commerce and online retailers has made it easier for small players to enter the market and reach a wider audience. However, the industry still faces challenges such as rising competition and inconsistent supply, which manufacturers and policymakers need to address.
According to Prakhar, Senior Research Analyst, 6Wreserach, virgin coconut oil is the fastest-growing product type segment in India's coconut oil market. The health benefits associated with virgin coconut oil are the primary drivers of this growth. Virgin coconut oil contains lauric acid, which helps to boost the immune system and increase energy levels
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Coconut Oil Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Coconut Oil Market Revenues & Volume, 2021 & 2031F |
3.3 India Coconut Oil Market - Industry Life Cycle |
3.4 India Coconut Oil Market - Porter's Five Forces |
3.5 India Coconut Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Coconut Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Coconut Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 India Coconut Oil Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.9 India Coconut Oil Market Revenues & Volume Share, By Price Point, 2021 & 2031F |
4 India Coconut Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Coconut Oil Market Trends |
6 India Coconut Oil Market, By Types |
6.1 India Coconut Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Coconut Oil Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 India Coconut Oil Market Revenues & Volume, By Virgin Coconut Oil, 2021 - 2031F |
6.1.4 India Coconut Oil Market Revenues & Volume, By Coconut RBD Oil, 2021 - 2031F |
6.2 India Coconut Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Coconut Oil Market Revenues & Volume, By Food industry, 2021 - 2031F |
6.2.3 India Coconut Oil Market Revenues & Volume, By agriculture, 2021 - 2031F |
6.2.4 India Coconut Oil Market Revenues & Volume, By Cosmetics and personal care industry, 2021 - 2031F |
6.2.5 India Coconut Oil Market Revenues & Volume, By Chemical Industry, 2021 - 2031F |
6.2.6 India Coconut Oil Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 India Coconut Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Coconut Oil Market Revenues & Volume, By Direct distribution, 2021 - 2031F |
6.3.3 India Coconut Oil Market Revenues & Volume, By Convenience stores, 2021 - 2031F |
6.3.4 India Coconut Oil Market Revenues & Volume, By Modern trade units, 2021 - 2031F |
6.3.5 India Coconut Oil Market Revenues & Volume, By E-Commerce, 2021 - 2031F |
6.3.6 India Coconut Oil Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 India Coconut Oil Market, By Packaging |
6.4.1 Overview and Analysis |
6.4.2 India Coconut Oil Market Revenues & Volume, By Bottle, 2021 - 2031F |
6.4.3 India Coconut Oil Market Revenues & Volume, By Jar, 2021 - 2031F |
6.4.4 India Coconut Oil Market Revenues & Volume, By Can, 2021 - 2031F |
6.4.5 India Coconut Oil Market Revenues & Volume, By Pouch, 2021 - 2031F |
6.4.6 India Coconut Oil Market Revenues & Volume, By Tanks, 2021 - 2031F |
6.4.7 India Coconut Oil Market Revenues & Volume, By Others, 2021 - 2031F |
6.5 India Coconut Oil Market, By Price Point |
6.5.1 Overview and Analysis |
6.5.2 India Coconut Oil Market Revenues & Volume, By Mass, 2021 - 2031F |
6.5.3 India Coconut Oil Market Revenues & Volume, By Premium, 2021 - 2031F |
7 India Coconut Oil Market Import-Export Trade Statistics |
7.1 India Coconut Oil Market Export to Major Countries |
7.2 India Coconut Oil Market Imports from Major Countries |
8 India Coconut Oil Market Key Performance Indicators |
9 India Coconut Oil Market - Opportunity Assessment |
9.1 India Coconut Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Coconut Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Coconut Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 India Coconut Oil Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.5 India Coconut Oil Market Opportunity Assessment, By Price Point, 2021 & 2031F |
10 India Coconut Oil Market - Competitive Landscape |
10.1 India Coconut Oil Market Revenue Share, By Companies, 2024 |
10.2 India Coconut Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |