Organic Virgin Coconut Oil Market 2021 Global Industry – Key Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2027
Market Overview Organic virgin coconut oil is certified virgin coconut oil which is produced by traditional means without the use of fertilizers or pesticides. Major share of organic virgin coconut oil is procured from the Philippines which accounts for more than 65% of the organic virgin coconut oil production in Asia Pacific in the year 2016. Obtaining organic certification or virgin coconut oil is a difficult process and hence, even though farmers practice organic farming, they do not opt for organic certification based on lack of awareness and stringent process. Consumers are becoming aware of all these beneficial properties of virgin coconut oil thus making it popular as a functional food oil. Rising consumers’ awareness backed up by increasing health consciousness are supporting the growth of this market. Market Forecast The global market for organic virgin coconut oil is experiencing high demand during the last few years and is projected to reach 64,940 tons by 2022. Developin