The personal care industry has achieved path-breaking success in the last decade. People of the modern era are quite concerned about how they look and moreover even the lifestyle patterns have changed drastically. These two aspects act as the pillars of strength for this business. As the personal care industry treads forwards it also provides a chance to several other markets to expand. A great example of this fact is the emergence and growth of the global virgin coconut oil market.
Virgin coconut oil is quite different from its traditional counterpart. Chemical reactions or heating methodologies are not utilized for its production. It is retrieved from the meat or kernel of matured coconuts through a mechanical procedure.
At present, the personal care industry is open to accept any new changes. And thanks to this instance, it is being speculated that the worldwide market for virgin coconut oil will progress by leaps and bounds in the forthcoming years. Statistically too, the odds look in the favor of this market, the revenue forecast and CAGR rate further add up to it.
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Market Players & Key Strategies
This market comprises of many successful players, some of the major ones can be listed as NMK Holdings, Barlean’s, SUN BIONATURALS PVT LTD, Healthy Traditions and Greenville Agro Corporations.
Worldwide Virgin Coconut Oil Market has been segmented into four distinct parts. All of these have a sub-segment each and they can be listed as below:
Applications – Healthcare, cooking and cosmetics.
Distribution channels – Non-store based set-ups, supermarkets & hypermarkets, specialty stores and food processing industries. Amongst these, supermarkets & hypermarkets account for the largest share segment of the market as they are more accessible to people.
Comprehensive Regional Analysis
In terms of region, the market for virgin coconut oil has successfully established its hold across various areas of the world. Some of the major regions where its presence can be observed predominantly are North America, Asia Pacific, Europe and Rest of the World.
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