Market Research Future (Food and Beverages) Virgin Coconut Oil Market 2017: Industry Review, R | Page 2

Virgin Coconut Oil Market Research Report- Forecast to 2023
1 Summary
Market Overview:
Coconut oil is an edible oil extracted from the kernel or meat of the matured coconuts from the coconut palm.
Indonesia and Philippines are the two key coconut producers all across the globe and India captured the third place.
The coconut oil which is extracted from coconut has significant usage in personal care, food and various industrial
sectors. Apart from this, it is also utilized in healthcare industry especially by diabetic patients as it helps in
appropriate utilization of blood glucose. Besides ordinary coconut oil which is extracted from coconut, there has been
an increase in the demand for virgin coconut oil. The virgin coconut oil is generally extracted from fresh coconut milk
procured from 12 months of pollination of coconut either by natural or by mechanical techniques. It is rich in fatty
acid and includes nutrients such as vitamins, minerals and antioxidants. No chemical processing, or bleaching is
used in the extraction of virgin coconut oil. This product is gaining traction all over the world as nutraceutical food oil
and is getting popular amongst health conscious people.
Major Key Players:
Some of the key players in the virgin coconut oil market: Barlean's (U.S.), Hain Celestial (U.S.), Nutiva, Inc. (U.S.),
Healthy Traditions (U.S.), NMK Holdings (Pvt) Ltd. (Sri Lanka), Greenville Agro Corporation (Philippines), SUN
BIONATURALS (INDIA) PRIVATE LTD. (India)
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