{"id":128676,"date":"2024-02-14T21:45:22","date_gmt":"2024-02-15T02:45:22","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/extra-virgin-coconut-oil-market-to-reach-5731-8-million-globally-by-2032-at-8-6-cagr-allied-market-research\/"},"modified":"2024-02-14T21:45:22","modified_gmt":"2024-02-15T02:45:22","slug":"extra-virgin-coconut-oil-market-to-reach-5731-8-million-globally-by-2032-at-8-6-cagr-allied-market-research","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/extra-virgin-coconut-oil-market-to-reach-5731-8-million-globally-by-2032-at-8-6-cagr-allied-market-research\/","title":{"rendered":"Extra Virgin Coconut Oil Market to Reach $5,731.8 Million, Globally, by 2032 at 8.6% CAGR: Allied Market Research"},"content":{"rendered":"
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Portland, Feb. 12, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, \u201c<\/b>Extra Virgin Coconut Oil Market<\/b><\/a> By<\/b> Type (Organic and Conventional<\/b>),\u00a0 Packaging<\/b> (Metal Cans, Plastic Bottles, and Pouches), and End Use (B2B and B2C): Global Opportunity Analysis and Industry Forecast, 2023-2032\u201d<\/b>.\u00a0 <\/b>According to the report, the global extra virgin coconut oil market was valued at $2,523.5 million in 2022 and is projected to reach $5,731.8 million by 2032, registering a CAGR of 8.6% from 2023 to 2032.\u00a0<\/p>\n \u00a0Request Sample Report: <\/b>https:\/\/www.alliedmarketresearch.com\/request-sample\/5581<\/b><\/a>\u00a0<\/p>\n Prime determinants of growth<\/b>\u00a0<\/p>\n The growth of the extra virgin coconut oil market is propelled by several factors, including the increasing global awareness of health and wellness, coupled with a growing preference for natural and organic products. This has elevated the demand for extra virgin coconut oil as a perceived superfood with various health benefits. Rise in health-conscious consumer behaviors has led to a shift away from traditional cooking oils, further boosting the market. In addition, the versatility of extra virgin coconut oil, not only as a cooking medium but also as an ingredient in cosmetics and personal care products, broadens its appeal, fostering the market growth. The cultural familiarity and historical use of coconut oil in regions such as Asia-Pacific contribute significantly to its market expansion.\u00a0<\/p>\n Moreover, continuous innovation in extraction processes and product formulations, along with a focus on sustainable and eco-friendly practices, drives the market growth. The strategic marketing of extra virgin coconut oil as a premium and high-quality product further amplifies its market presence. Also, the expanding middle class population, rise in disposable incomes, and the trend towards healthier dietary choices in emerging economies contribute to the overall growth of the extra virgin coconut oil market, making it a dynamic and promising industry poised for sustained growth in the foreseeable future.\u00a0<\/p>\n Report coverage & details:<\/b>\u00a0<\/p>\n