Coconut Oil Market Will Record a CAGR of 5.7% From 2022 to 2029
Perceived health benefits continue to drive the growth of global coconut oil market. A newly published report on global coconut oil market suggests that the market will most likely witness around 5.7% rise in revenue between 2022 and 2029. During the period of projection, coconut oil market is expected to benefit from growing applications of the oil for its high saturated fat content, and rich nutritional profile, across both food, and non-food areas. An approximately US$5.3 Bn market (2021) for coconut oil is estimated to reach US$8.2 Bn toward the end of 2029, says the report.
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