Gitnux/Report 2026

Coconut Oil Industry Statistics

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Coconut Oil Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The coconut oil industry at a glance

The global coconut oil market was valued at $6.93 billion in 2025, while world production is forecast at 3.82 million metric tons in 2026/27, with Asia-Pacific the leading regional market.

$6.93B[18]
Global market size, 2025
6.71%[18]
Forecast CAGR, 2026–2034
3.82M MT[81]
World production, 2026/27
44.3%[82]
Philippines production share, 2025/26
Market size
Fortune Business Insights estimates the global coconut oil market at $6.93 billion in 2025 and $7.39 billion in 2026. Mordor Intelligence estimates a slightly higher 2025 value of $7.22 billion, reflecting differences in market scope and methodology.[18][83]
Forecast & CAGR
Fortune Business Insights forecasts the market to reach $12.43 billion by 2034, implying a 6.71% CAGR from 2026 to 2034. Mordor Intelligence forecasts $11.05 billion by 2031 at a 7.36% CAGR for 2026–2031.[18][83]
Market share & regions
Asia-Pacific accounted for 40% of global coconut oil market revenue in 2025, according to Fortune Business Insights. In the 2025/26 supply balance, the Philippines represented 44.3% of world production, Indonesia 27.8%, and India 15.4%.[18][82]
Segmentation
The market is commonly segmented by product type into virgin, crude, and refined, bleached and deodorized oil; by source into dry and wet coconut; and by application into food and beverages, hair care, skin care, nutritional products, and other uses. The virgin coconut oil segment was valued at $2.93 billion in 2025 and is forecast to reach $6.10 billion by 2034 at an 8.60% CAGR.[18]
Key players & concentration
The global market is described as having medium concentration by Mordor Intelligence. Supply is concentrated geographically: the Philippines, Indonesia, and India together accounted for 87.5% of estimated 2025/26 world coconut oil production, based on USDA country shares.[83][82]
Pricing
The World Bank’s monthly coconut oil benchmark averaged $2,029 per metric ton in October 2026, down 20.3% from October 2025. The benchmark reached $2,841 per metric ton in July 2025 before declining through October 2026.[84]
Trends, drivers & challenges
Demand is supported by applications in food, cosmetics, pharmaceuticals, and clean-label products, while the virgin coconut oil market is forecast to grow at 8.60% annually from 2026 to 2034. Supply remains exposed to copra availability and weather conditions: Indonesia revised 2024/25 coconut oil production down to 990,000 metric tons because of reduced copra supplies and temporarily underused crushing capacity.[18][81]
Consumer behavior & competition
Cargill’s 2025 FATitudes survey found that 23% of surveyed consumers purchased or used coconut oil at home, compared with 72% for olive oil, 59% for vegetable oil, and 46% for canola oil. Coconut oil ranked fifth among the five leading retail oils measured for awareness, use, and positive taste perceptions.[20]
Regulation
In the European Union, coconut oil is covered by general food-contaminant rules, including Commission Regulation (EU) 2023/915 and related controls for contaminants such as mineral oil hydrocarbons. The European Commission’s food-safety guidance identifies coconut oil among oils subject to contaminant requirements, while U.S. FDA records list refined coconut oil in its food-substances database.[85][86]
Latest news
USDA’s October 2026 world balance sheet forecasts coconut oil production at 3.82 million metric tons in 2026/27, up from 3.70 million metric tons in 2025/26. The Philippines’ USDA forecast puts its 2026/27 production at 1.76 million metric tons and exports at 1.19 million metric tons.[81]

02 Ranking

Top 8 Companies in the Coconut Oil Industry

The leading companies in the coconut oil industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Bunge leads Gitnux's 2026 coconut oil ranking with an Overall score of 9.4, with sources coconut oil from the Philippines and Indonesia, especially Mindanao and North Sulawesi. Cargill is the highest-ranked coconut oil sourcing and ingredients supplier at 9.3, with a sustainable coconut-oil supply chain serving cooking, food, skincare, and soap applications.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in refined & specialty oils

    Bunge

    US

    Ranked #1 · 9.4 · Refined & specialty oils

    Why we picked it: It operates in refined and specialty coconut oils, using sourcing that concentrates on Mindanao and North Sulawesi.

    See in ranking ↓Visit bunge.com ↗

  2. Leader in global sourcing & ingredients

    Cargill

    US

    Ranked #2 · 9.3 · Global sourcing & ingredients

    Why we picked it: Its supply chain supports multiple end applications, spanning cooking and personal care categories.

    See in ranking ↓Visit cargill.com ↗

  3. Leader in branded consumer oils

    Marico

    IN

    Ranked #3 · 9.0 · Branded consumer oils

    Why we picked it: Its branded focus in India is tied to a reported 63% volume share in the coconut oil franchise.

    See in ranking ↓Visit marico.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 8 companies in the coconut oil industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Bunge

Refined & specialty oils · US

9.4
2

Cargill

Global sourcing & ingredients · US

9.3
3

Marico

Branded consumer oils · IN

9.0
4

Franklin Baker

Virgin oil & ingredients · PH

8.7
5

Peter Paul Philippine Corporation

Virgin oil & ingredients · PH

8.1
6

Greenville Agro

Philippine crude, RBD and virgin coconut oil · PH

8.0
7

Celebes Oil Mill

Organic, RBD and industrial coconut oil · PH

7.8
8

Thai Coconut Public Company

Thai coconut products and virgin coconut oil · TH

7.6

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 8 companies in the coconut oil industry. In Coconut Oil Industry Statistics. Gitnux. https://gitnux.org/coconut-oil-industry-statistics/#top-companies

report visual · Projection

Global coconut oil production

Global coconut oil production grew from 3,498 thousand tonnes in 2018 to 3,529 thousand tonnes in 2023.

3,498 thousand tonnes
Start
+0.18%
CAGR · 5y
3,530 thousand tonnes
Projected
20182023
source-verifiedcoconutcommunity.org2023

04 Statistics

Technology & Innovation

Coconut-oil QA and traceability are moving from lab verification toward deployment: 13 Indonesian RBD-to-dispatch traceability points and early-stage blockchain pilots across multiple countries.

AI in the coconut oil industry

  • 1 multispectral-imaging algorithm was proposed to estimate coconut-oil adulteration with palm oil.[1]
  • 1 machine-learning classification approach using ATR/FTIR and DD-SIMCA was evaluated for virgin coconut-oil authentication and adulteration monitoring.[2]
  • 1 review published in 2024 identified AI applications in coconut-oil authentication, adulteration detection and quality control.[3]
  • 1 AI-powered temperature-control use case for coconut-oil production dynamically adjusts cooker-compartment temperatures using real-time copra-moisture readings.[4]

Automation in the coconut oil industry

  • 11% of Philippine virgin-coconut-oil processing workers were seasonal employees in 2018.[5]
  • 9% of Philippine virgin-coconut-oil processing workers were casual employees in 2018.[5]
  • 55% of Philippine virgin-coconut-oil processing workers were regular employees in 2018, while mechanized processing was associated with declining hired-worker numbers.[5]
  • 13 critical traceability points were identified from raw-material reception through finished-product dispatch in an Indonesian refined, bleached and deodorized coconut-oil company.[6]
  • 9% of Philippine virgin-coconut-oil processing workers were contractual employees in 2018.[5]
  • 17% of Philippine virgin-coconut-oil processing workers were probationary employees in 2018.[5]

Digital Transformation in the chemicals and materials sector (sector benchmark)

  • Among ASUG chemicals-industry members, 57% identified moving to SAP S/4HANA as a top focus area in 2025.[7]
  • Among ASUG chemicals-industry members, 46% ranked automation among their leading technology focus areas in 2025.[7]
  • Across European chemical subindustries, 65% of companies viewed digitalization as an opportunity that would significantly impact their activities in 2024.[8]
  • Among EII businesses, 68% reported adopting AI in 2024, with an estimated 10% productivity increase.[8]

Technology Adoption in the chemicals and materials sector (sector benchmark)

  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for quality inspection or defect detection in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 49% had implemented AI for production planning and scheduling in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 53% had implemented AI for real-time process control and optimization in 2025.[9]
  • Among chemicals organizations surveyed by IBM, 45% had implemented AI for supply-chain optimization in 2025.[9]

Cloud Computing in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 2% reported decreased productivity from cloud computing in 2024.[8]
  • Among EII businesses, 52% reported increased productivity from cloud computing in 2024, while 46% reported no change.[8]
  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, more than 35% had at least partially migrated to cloud computing in 2023.[10]
  • Across chemical-sector companies surveyed by Arthur D. Little and Cefic, 15% planned to migrate to cloud computing in coming years in 2023.[10]

Big Data in the chemicals and materials sector (sector benchmark)

  • Among EII businesses, 44% reported no productivity change from big data in 2024.[8]
  • Among EII businesses, 48% reported increased productivity from big data in 2024.[8]
  • Among ASUG chemicals-industry members, 49% cited gaining actionable insights from data and analytics as a current challenge in 2025.[7]
  • Among EII businesses, 6% reported decreased productivity from big data in 2024.[8]

Blockchain in the coconut oil industry

  • 4 coconut-oil traceability pilots were in early-stage discussion across the Philippines, Papua New Guinea and Indonesia.[11]
  • 55 Indonesian farmers, 1 supplier, 1 retailer and 1 consumer were given blockchain addresses in a coconut traceability pilot.[12]
  • 3 coconut-oil traceability pilots were ongoing in the Philippines under the Sustainable Coconut Partnership’s verified-origins program.[11]
  • Approximately half of consumers scanned the QR code attached to coconuts in the 2017 Indonesian-to-Netherlands blockchain pilot.[12]

05 Statistics

Data & Analytics

Manufacturers report improving operational measurement and decision use (80% measured operational data in 2026, 89% decision improvement), while data-quality risk still drives AI-project failures (44% in 2025).

Data Quality in the chemicals and materials sector (sector benchmark)

  • 49% of supply-management organizations rated their data quality as good or excellent in 2024, based on an Institute for Supply Management survey.[13]
  • 80% of manufacturers reported a measured value for their operational data in 2026, across the surveyed manufacturing sector.[14]
  • 67% of supply-management organizations said their data quality was better or significantly better than two years earlier in 2024.[13]
  • 89% of manufacturers said data use improved their decision-making processes in 2026, across the surveyed manufacturing sector.[14]
  • 44% of companies in the manufacturing survey reported AI-project failures caused by poor data quality in 2025, across surveyed manufacturers.[15]
  • 42% of manufacturers had a process to verify manufacturing-data accuracy and quality in 2026, while 51% did not.[14]

Data Governance in the chemicals and materials sector (sector benchmark)

  • 67% of GCC chemical companies had established performance management or KPIs around digital supply chains in 2022.[16]
  • 90% of supply-management organizations agreed or strongly agreed that data governance was necessary in 2024.[13]
  • 46% of GCC chemical companies had established common data standards with collaboration partners in 2022.[16]
  • 28% of manufacturers had a data-governance leader in 2026, across the Manufacturing Leadership Council survey.[14]
  • 52% of global chemical companies had established performance management or KPIs around digital supply chains in 2022.[16]
  • 61% of supply-management organizations had a dedicated data-governance function in 2024, based on a survey of more than 121 respondents.[13]

KPIs in the coconut oil industry

  • 0.2% is the maximum free-fatty-acid KPI specified for the covered virgin coconut oil product in 2019.[17]
  • 0.5 is the stated maximum total plate count for the covered virgin coconut oil product in 2019.[17]
  • 0.1% is the maximum moisture KPI specified for the covered virgin coconut oil product in the Pacific Community HACCP manual in 2019.[17]
  • 7 days is the maximum harvest-to-processing KPI for the covered virgin coconut oil product in 2019.[17]
  • 3.0 mEq/kg is the maximum peroxide-value KPI specified for the covered virgin coconut oil product in 2019.[17]
  • 2 days is the maximum processing-time KPI for de-husked coconuts in the covered product specification in 2019.[17]

06 Statistics

Strategy & Growth

Forecasts diverge by methodology, with Fortune Business Insights estimating $7.39B in 2026 and $12.43B by 2034, while Mordor Intelligence projects $11.05B by 2031.

Growth in the coconut oil industry

  • USD 124.71 million was the estimated global organic coconut-oil market value in 2025.[18]
  • USD 6.93 billion was the estimated global coconut-oil market value in 2025.[18]
  • 6.71% was the projected compound annual growth rate of the global coconut-oil market from 2026 to 2034.[18]
  • USD 12.43 billion was the projected global coconut-oil market value for 2034.[18]
  • 9.2% was the projected compound annual growth rate of the global organic coconut-oil market from 2026 to 2034.[18]
  • USD 271.62 million was the projected global organic coconut-oil market value for 2034.[18]

Differentiation in the coconut oil industry

  • 14% was the U.S. daily consumption rate for unrefined coconut oil in a 2023 consumer survey.[19]
  • 43.3% was the estimated 2025 share of virgin coconut oil in the global coconut-oil market by product type.[18]
  • USD 69.07 million was the estimated Asia-Pacific organic coconut-oil market value in 2025.[18]
  • 7% was the U.K. daily consumption rate for unrefined coconut oil in a 2023 consumer survey.[19]
  • 9.41% was Europe’s share of the global organic coconut-oil market in 2025.[18]
  • 7% was the U.S. daily consumption rate for refined coconut oil in a 2023 consumer survey.[19]

Strategic partnerships in the coconut oil industry

  • Four organizations—BASF, Cargill, Procter & Gamble and GIZ—formed the certified coconut-oil production partnership launched in 2015.[20]
  • 2,000 smallholder coconut farmers were targeted by the L’OCCITANE Group’s five-year Philippine partnership running through 2029.[21]
  • Five organizations collaborated with HALBA and Coop between 2021 and 2024 to establish an Ivory Coast certified coconut-oil supply chain.[22]
  • 50 hectares of an Ivory Coast industrial coconut plantation were planned for conversion to dynamic agroforestry by the end of 2027 through the HALBA–Coop project.[22]
  • More than 4,100 farmers were trained through the BASF–Cargill–P&G–GIZ coconut-oil partnership by October 2019.[20]
  • One joint venture, SerendiCoco Samoa, was formed in 2016 between Dr. Bronner’s and a Samoan coconut producer.[23]

07 Statistics

People & Workforce

Workforce composition remains a structural variable: in 2018, 55% of Philippine VCO processing workers were regular, with 336 global full-time employees reported for The Vita Coco Company in 2025.

Hiring in the coconut oil industry

  • 998 workers were employed in Philippine virgin-coconut-oil processing in 2018.[24]
  • 55% of Philippine virgin-coconut-oil processing workers were regular employees in 2018.[24]
  • 42% of Philippine virgin-coconut-oil processing workers were female in 2018.[24]

Employee retention in the coconut oil industry

  • 336 full-time employees worked for The Vita Coco Company globally at December 31, 2025.[25]
  • 319 full-time employees worked for The Vita Coco Company globally in 2024.[26]
  • 84% was The Vita Coco Company’s overall employee-engagement rate in 2025.[26]
  • 82% was the employee-retention rate reported by The Vita Coco Company in 2025.[26]
  • 294 full-time employees worked for The Vita Coco Company globally in 2023.[26]

Remote Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. chemical and pharmaceutical manufacturing employers, 5.7% of positions were fully remote in 2024.[27]
  • Among U.S. energy, natural-resources and chemicals workers, 8% preferred fully remote work in 2025.[28]
  • Across U.S. remote-capable employees, 25% worked exclusively remotely in August 2026.[29]
  • Among U.S. energy, natural-resources and chemicals workers, 25% preferred mostly remote work in 2025.[28]

Hybrid Work in the chemicals and materials sector (sector benchmark)

  • Across U.S. hybrid employees, 48% said their team had not discussed a formal or informal collaboration plan in 2026.[29]
  • U.S. hybrid employees spent an average of 46% of their workweek on-site in 2026.[29]
  • Across U.S. remote-capable employees, 54% worked in a hybrid arrangement in August 2026.[29]
  • Across U.S. chemical and pharmaceutical manufacturing employers, 44.5% of positions were fully hybrid in 2024.[27]
  • Across U.S. remote-capable employees, 61% preferred a hybrid work arrangement in November 2025.[29]

Upskilling in the coconut oil industry

  • 9,600 employee-training hours were logged by The Vita Coco Company in 2024.[26]
  • 3 coconut-food-products training days were delivered by the Philippine Agricultural Training Institute in July 2026.[30]
  • 8,100 employee-training hours were logged by The Vita Coco Company in 2025.[26]
  • 9,000 employee-training hours were logged by The Vita Coco Company in 2023.[26]
  • 24 average training hours per employee were reported by The Vita Coco Company in 2025.[26]

Employee Engagement in the chemicals and materials sector (sector benchmark)

  • Among global managers, 22% were engaged at work in 2025, compared with 19% of non-managers.[29]
  • Across best-practice organizations recognized by Gallup, 70% of employees were engaged in 2025.[29]
  • Across employees in the United States and Canada, 31% were engaged at work in 2025.[29]
  • Across employees worldwide, 20% were engaged at work in 2025.[29]
  • Across employees in the United States, 32% were engaged at work in 2025.[29]

DEI in the coconut oil industry

  • 1% of The Vita Coco Company’s global employees did not disclose gender identity at December 31, 2025.[25]
  • 22% of The Vita Coco Company’s board members were classified as underrepresented-minority board members in 2025.[26]
  • 40% of The Vita Coco Company’s employees identified as White in 2025.[25]

08 Statistics

Customer & Sales

U.S. retail attributes stay consistent across coconut-oil purchases: versatility and freshness are cited by 64% and 79% of shoppers in 2025, alongside 77% flavor and 77% price.

Customer experience in the coconut oil industry

  • 64% of U.S. retail-oil shoppers rated versatility of use as an important product attribute in 2025, including for coconut oil purchases.[20]
  • 79% of U.S. retail-oil shoppers rated freshness as an important product attribute in 2025, including for coconut oil purchases.[20]
  • 77% of U.S. retail-oil shoppers rated flavor as an important product attribute in 2025, including for coconut oil purchases.[20]
  • 229 retailers were surveyed about coconut-oil satisfaction and sales prospects across major markets in Southern Tamil Nadu, India.[31]
  • 77% of U.S. retail-oil shoppers rated price as an important product attribute in 2025, including for coconut oil purchases.[20]

Customer acquisition in the coconut oil industry

  • 500 blog posts, YouTube videos and social-media mentions were generated during Skinny Coconut Oil’s three-month influencer campaign.[32]
  • 76% was the increase in new users for Skinny Coconut Oil’s website during a three-month influencer and blogger campaign.[32]
  • 5,000-plus retailers participated in Bajaj 100% Pure Coconut Oil’s on-ground distribution and consumer-connect activities in India in 2024.[33]

Customer loyalty in the coconut oil industry

  • 54% of surveyed Sri Lankan consumers generally purchased regular coconut oil, while 10% purchased virgin coconut oil.[34]
  • 23% of U.S. consumers were extremely likely to buy store-brand coconut oil instead of a national brand without a promotion in 2025.[20]

09 Statistics

Marketing & Brand

Marketing activity is measurable in spend and media delivery; for example, Bajaj’s quarter ad and promotion spending was ₹37.2 crore (about 16% of sales) in August 2024.

Marketing in the coconut oil industry

  • 1,287 gross rating points were delivered by Bajaj 100% Pure Coconut Oil’s television campaign in Maharashtra, India, in 2024–25.[33]
  • ₹37.2 crore was Bajaj Consumer Care’s advertising and promotion spending in the quarter reported in August 2024, equal to about 16% of sales.[33]
  • 6% was Bajaj 100% Pure Coconut Oil’s share of voice in Maharashtra during its 2024–25 television campaign.[33]
  • 40% was Bajaj 100% Pure Coconut Oil’s share of voice in Maharashtra’s coconut-oil category during a 2024 television and OTT campaign.[33]
  • 160 gross rating points per week was the average intensity of Bajaj 100% Pure Coconut Oil’s eight-week campaign in India in 2024–25.[33]

Digital marketing in the coconut oil industry

  • 0.86% was the click-through rate for Bajaj 100% Pure Coconut Oil’s Amazon and Criteo digital campaign in 2024.[33]
  • 12% of surveyed Meera coconut-oil buyers in India preferred online platforms as their purchase point in 2025.[35]
  • 30 million views were generated by Bajaj 100% Pure Coconut Oil’s digital campaigns on Amazon and Criteo in 2024.[33]
  • 20% was the incremental reach generated by Bajaj 100% Pure Coconut Oil’s digital media initiatives in 2024.[33]

Branding in the coconut oil industry

  • 26% of U.S. retail-oil shoppers said coconut oil had a positive impact on food taste in 2025.[20]
  • 46% of U.S. consumers had purchased or used coconut oil in a 2020 national cooking-oil survey.[36]
  • 23% of U.S. consumers reported purchasing or using coconut oil at home in 2025.[20]
  • 47% of U.S. retail-oil shoppers recognized coconut oil on the shelf in 2025.[20]
  • 56% of U.S. consumers aged 18–34 had purchased or used coconut oil in 2020.[36]

Social media in the coconut oil industry

  • 500 social-media mentions, blog posts and YouTube videos were produced during Skinny Coconut Oil’s three-month influencer campaign.[32]
  • 30 creators participated in a 2024 influencer campaign for Parachute Advansed Ayurvedic Coconut Oil.[37]
  • 59% of surveyed Meera coconut-oil consumers in India cited social media as an information source in 2025.[35]

Influencer Marketing in the chemicals and materials sector (sector benchmark)

  • Across B2B companies, 56% of marketers identified social-media posts as the most effective influencer-program content type in a September 2024 U.S. survey.[38]
  • Across B2B companies, 43% of marketers reported outstanding results from influencer programs in the 2025 B2B Influencer Marketing Report.[39]
  • In U.S. manufacturing, 19% of marketers used influencer marketing among paid channels in the prior 12 months, according to a 2025 industry benchmark.[40]
  • Across B2B companies, 81% of marketers had a dedicated influencer-marketing budget in a September 2024 U.S. survey of firms with at least 100 employees.[38]
  • Across B2B companies, 29% of marketers planned to adopt influencer marketing within the following year in a March 2025 Ipsos survey.[41]

10 Statistics

Operations & Execution

Processing scale ties to national output and export behavior: Philippines coconut-oil supply includes 14.5 million metric tons of coconuts with husk produced in 2025.

Process optimization in the coconut oil industry

  • 14.5 million metric tons of coconuts with husk were produced in the Philippines in 2025.[42]
  • 20–25 litres of virgin coconut oil can be produced from 500 nuts in ICAR-CPCRI trials, equivalent to roughly 20–25 nuts per litre in India.[43]
  • 4.4% was the increase in Sri Lankan coconut-oil production during January–August 2025, reaching 22,007 metric tons.[44]
  • 100,000 deshelled coconut pieces is the annual capacity reported by Kedisons alongside its coconut-oil manufacturing operation.[45]
  • 1.9 million metric tons, or 13.7% of Philippine output, came from the Davao Region in 2025.[42]

Operational efficiency in the coconut oil industry

  • 39 refineries, 50 oil millers, 15 oleochemical plants and 42 virgin-coconut-oil processors were listed in the Philippine coconut-processing structure.[46]
  • Around 33,400 people were employed in Philippine coconut-products manufacturing as of April 2023.[46]

Quality management in the coconut oil industry

  • 3-MCPD esters and glycidyl esters were among the contaminants examined during chemical refinement of coconut oil.[47]
  • Below 1% free fatty acids is the quality level identified by AOCS as desirable for good-quality coconut oil.[48]
  • 6 analytical quality parameters were used to assess commercial coconut oils: moisture, volatile matter, free fatty acids, iodine value, peroxide value and microbial contamination.[49]
  • 0.01% was the detection limit below which no trans-fatty acids were detected in commercial VCO, RBD coconut oil or copra-oil samples.[49]
  • 0.2% is the APCC maximum free-fatty-acid specification for virgin coconut oil cited in the Tetra Pak Coconut Handbook.[50]

Supply chain in the coconut oil industry

  • 1,306 coconut-farmer cooperatives operated in the Philippines in 2019.[51]
  • 75% of Philippine coconut products were exported abroad, reflecting the industry’s export-oriented supply chain.[52]
  • 90% of Philippine coconut exports consisted of crude coconut oil, copra meal and desiccated coconut.[52]
  • 2.54 million Philippine coconut farmers were recorded in the National Coconut Farmers Registry System.[53]
  • 1,158,984 coconut farmers were located in Mindanao, compared with 875,745 in Visayas and 503,098 in Luzon.[53]

Outsourcing / Offshoring in the chemicals and materials sector (sector benchmark)

  • Across North American specialty chemicals, 43% of customer respondents actively drove onshoring projects with suppliers and achieved some success in 2025.[54]
  • Across North American specialty chemicals, 50% of customer respondents were actively pushing onshoring projects in 2025.[54]
  • Across 22 EU countries and Norway, 72.8% of enterprises engaged in international sourcing moved business functions to other EU countries during 2021–2023.[55]
  • Across North American specialty chemicals, 100% of customer respondents allocated only 0–25% of company capital expenditure to reshoring projects in 2025.[54]
  • Across 22 EU countries and Norway, 34.1% of enterprises engaged in international sourcing cited labour-cost reduction as a motivation during 2021–2023.[55]

11 Statistics

Finance & Pricing

Benchmark pricing shifts materially from peak levels: the global benchmark fell from $2,841 per metric ton in July 2025 to $2,029 per metric ton in October 2026.

Pricing strategy in the coconut oil industry

  • $2,845 per metric ton was Sri Lanka’s reported international coconut-oil price in August 2025.[44]
  • $2,841 per metric ton was the global coconut-oil price peak in July 2025.[56]
  • Rs. 192.07 per kilogram was Kerala’s average retail price for loose coconut oil in 2024.[57]
  • Rs. 8,934.95 million was the value of Sri Lankan coconut-oil exports during January–September 2025, up 131% year over year.[58]
  • $1,424 per tonne was the average 2024 export price for the broader coconut, palm-kernel and babassu-oil customs line.[56]

Cost reduction in the coconut oil industry

  • 14.1% of Philippine coconut farmers were tenants in 2018.[53]
  • 70 litres of coconut oil can be extracted from approximately 170 kilograms of copra produced by 1,000 mature coconuts.[59]
  • 29 nuts per tree was the reported coconut yield in CALABARZON, one of the Philippines’ lowest-yielding regions.[53]
  • 10–15% lower yield was reported for wet processing compared with dry processing of coconut oil.[59]
  • 24.2% of Philippine coconut farmers were owner-operators in 2018.[53]

Profitability in the coconut oil industry

  • 34% was the increase in Sri Lankan coconut-oil export volume from 2023 to 2024, reaching 7,391 metric tons.[58]
  • 42% was the increase in Sri Lankan coconut-oil export value from 2023 to 2024, reaching Rs. 5,516.68 million.[58]
  • 39% of global coconut-oil output came from the Philippines in 2023.[56]
  • 18% was the projected global coconut-oil stocks-to-use ratio for marketing year 2026, equivalent to about nine weeks of consumption.[56]
  • 60% was the increase in Sri Lankan virgin-coconut-oil export value during January–September 2025 versus the same period in 2024.[58]

Financial planning in the coconut oil industry

  • 3.16 million metric tons was the estimated global coconut-oil production for 2025 cited in the International Coconut Community’s 2026 market outlook.[60]
  • 2.8 million Philippine coconut farmers were registered under the National Coconut Farmers Registry System in the Philippine Coconut Authority’s 2023 annual report.[53]
  • 3.50 million metric tons was the reported global coconut-oil production for 2024 in the International Coconut Community’s 2026 outlook.[60]

12 Statistics

Product & Service

Product formulation and handling targets are quantified: virgin coconut oil shelf life is 12 months under Pacific-region storage conditions, with a 2-day max processing-time KPI for de-husked coconuts.

Product development in the coconut oil industry

  • 1.9 million metric tons of pulp residue were produced by the coconut oil industry in 2019, creating a product-development opportunity for coproducts and bioactive ingredients.[61]
  • 79% of surveyed U.S. retail oil shoppers ranked freshness among their top-two product attributes in Cargill’s 2025 study.[20]
  • 54% of regular coconut consumers in the Industry Transparency Center survey used or purchased coconut oil as an aware coconut-containing food format in 2021.[19]
  • 40–50°C is the drying temperature used in a dry-method virgin coconut oil process to reduce kernel moisture to 2–5% in 2024.[62]
  • 57% of U.S. consumers considered oil type important when oil was used as an ingredient in a packaged item in 2025.[20]

Product lifecycle in the coconut oil industry

  • 3.0 mEq/kg is the maximum peroxide-value specification for the covered virgin coconut oil product in 2019.[17]
  • 12 months is the stated shelf life of virgin coconut oil when stored in cool, dry, low-humidity conditions in the Pacific region in 2019.[17]
  • 2 days is the recommended maximum time for processing de-husked coconuts to maintain coconut oil quality in 2019.[17]
  • 7 days is the recommended maximum time from coconut harvest to processing for the covered virgin coconut oil product in 2019.[17]
  • 0.2% is the maximum free-fatty-acid specification for the covered virgin coconut oil product in 2019.[17]

Value proposition in the coconut oil industry

  • 72% of Sri Lankan households used factory-processed, unrefined coconut oil for consumption in the 2022 household study.[63]
  • 98 Sri Lankan rupees per litre was the average premium households were willing to pay for bottled and labelled certified coconut oil in 2022.[63]
  • 47% of surveyed U.S. consumers recognized coconut oil on the retail shelf in 2025.[20]
  • 23% of surveyed U.S. consumers were extremely likely to buy private-label coconut oil instead of a national brand without a discount in 2025.[20]
  • 23% of surveyed U.S. consumers purchased or used coconut oil at home in 2025.[20]

13 Statistics

Sustainability & Ethics

Emissions accounting is becoming more specific to refining, transport, and processing steps, including 0.1 tCO2e per tonne of refined coconut oil from refining in the Philippines and Indonesia.

Sustainability in the coconut oil industry

  • 14.8 million tonnes of coconuts were produced in the Philippines in 2020.[64]
  • 17.1 million tonnes of coconuts were produced in Indonesia in 2020, the largest national output listed in the profile.[64]
  • 1.39 tCO2e per coconut tree was reported as carbon sequestration for 25-year-old tall varieties in one cited study.[11]
  • 0.21 tonnes of coconut oil per hectare was reported as the typical yield in 2020.[64]
  • More than 75% of global coconut production comes from the Philippines, Indonesia and India, the main sourcing countries for coconut oil.[65]

ESG in the coconut oil industry

  • 137,737 tCO2e of other indirect emissions were reported by Thai Coconut for 2023.[66]
  • 28.90% of Marico’s raw-material mass was coconut oil in FY2025–26.[67]
  • 10,415 tCO2e of direct emissions were reported by Thai Coconut for 2023.[66]
  • 58.9% of Marico’s raw-material emissions were attributed jointly to coconut oil and rice-bran oil in FY2025–26.[67]
  • 91,327 tonnes of coconut oil were purchased by Marico in FY2025–26.[67]

Ethics in the coconut oil industry

  • Approximately 300 Sri Lankan coconut farmers were included in Fairtrade living-income baseline data.[68]
  • 60 out of 100 was the Ethical Consumer score for Organic Kitchen coconut oil in 2025.[69]
  • 39 out of 100 was the Ethical Consumer score for KTC coconut oil in 2025.[69]
  • 83 out of 100 was the Ethical Consumer score for Mr Organic coconut oil in 2025.[69]
  • 10 Sri Lankan coconut producer organizations were represented in Fairtrade’s living-income baseline sample.[68]

Circular economy in the coconut oil industry

  • 10 million seedlings and trees is Vita Coco’s global planting target by 2030, including coconut-growing regions.[26]
  • 27% of the coconut fruit was identified as husk in The Coconut Company’s proposed circular model.[70]
  • 17% of the coconut fruit was identified as shell in The Coconut Company’s proposed circular model.[70]

Carbon footprint in the coconut oil industry

  • 0.1 tCO2e per tonne of refined coconut oil came from refining in the Philippines and Indonesia.[11]
  • 0.3 tCO2e per tonne of refined coconut oil came from transport in the Philippines and Indonesia.[11]
  • 0.5–0.7 tCO2e per tonne of refined coconut oil came from de-husking in the Philippines and Indonesia.[11]
  • 0.8–1.1 tCO2e per tonne of refined coconut oil came from farming in the Philippines and Indonesia.[11]
  • 0.23 tCO2e per tonne of refined coconut oil was the average direct-land-use-change estimate across eight major coconut-producing countries.[11]

15 Statistics

Globalization & Expansion

Export patterns stay regionally concentrated: in 2023, the United States accounted for 14% of Indonesia’s coconut-oil exports and China another 14%, with the Netherlands at 19%.

Globalization in the coconut oil industry

  • 14% was the United States’ share of Indonesia’s coconut-oil exports in 2023, while China accounted for another 14%.[76]
  • 23% was Malaysia’s share of Indonesia’s coconut-oil exports in 2023, followed by the Netherlands at 19%.[76]
  • USD 4.4 million of foreign exchange came from Kiribati coconut-oil exports in 2021.[77]
  • Less than 0.1% was Kiribati’s share of the global coconut-oil export market in 2024.[77]

Cultural adaptation in the coconut oil industry

  • 84% of those Sri Lankan households bought factory-processed, unrefined coconut oil without packaging, largely because of its lower price.[63]
  • 72% of surveyed Sri Lankan households used factory-processed, unrefined coconut oil for consumption.[63]
  • 20% of Cook Islands households said they would not buy coconut oil even if it were priced slightly below imported soybean oil.[78]
  • 48% of Cook Islands households said they would prefer locally produced coconut oil if it were priced slightly below imported soybean oil.[78]
  • 32% of Cook Islands households would mainly continue buying their present cooking oil but also purchase some coconut oil at a competitive price.[78]

Supplier management in the coconut oil industry

  • 36 Ivory Coast farmers were cultivating coconut land under dynamic agroforestry conditions in 2025.[22]
  • 40 hectares were cultivated under dynamic agroforestry conditions by Ivory Coast coconut farmers in 2025.[22]
  • More than 4,100 smallholder coconut farmers in the Philippines and Indonesia were trained through a certified coconut-oil supply-chain project between 2015 and 2019.[20]
  • 200 members belonged to the Scoops Cocobio cooperative supplying certified coconut oil in Ivory Coast in 2025.[22]
  • 32 hectares of an industrial coconut plantation in Ivory Coast had been converted to dynamic agroforestry by 2025.[22]

Stakeholder management in the coconut oil industry

  • 72% of surveyed Sri Lankan households were willing to pay a premium for food-safety-certified coconut oil.[63]
  • 200 cooperative members were involved in the certified Fairtrade and organic coconut-oil supply chain established in Ivory Coast.[22]
  • 750 hectares was the estimated land footprint associated with L’OCCITANE Group’s coconut-oil sourcing through intermediaries in the Philippines.[21]
  • 4,100-plus farmers received agricultural and farm-management training through the BASF–Cargill–P&G–GIZ coconut-oil partnership by October 2019.[20]
  • 98 Sri Lankan rupees per litre was the average premium households were willing to pay for certified bottled and labelled coconut oil.[63]

Distribution channels in the coconut oil industry

  • 48% was the estimated 2025 revenue share of business-to-business sales in the global coconut-oil market.[79]
  • 9.2% was the projected compound annual growth rate for online food-grade coconut-oil distribution through 2034.[80]
  • 65% of the global coconut-oil market was estimated to come through offline channels in 2025.[18]
  • 35% of the global coconut-oil market was estimated to come through online distribution channels in 2025.[18]
  • 22.4% was the estimated share of food-grade coconut-oil distribution through online retail channels.[80]

Key questions about the coconut oil industry

How big is the global coconut oil market in 2025 and 2026?
The global coconut oil market was valued at $6.93 billion in 2025. Fortune Business Insights forecasts $7.39 billion in 2026, while Mordor Intelligence estimates $7.22 billion for 2025.
What growth rate is expected through 2034?
Fortune Business Insights forecasts the market to reach $12.43 billion by 2034. That implies a 6.71% CAGR from 2026 to 2034.
Which companies lead the coconut oil industry?
Bunge leads Gitnux's 2026 coconut oil ranking with an Overall score of 9.4, with sources coconut oil from the Philippines and Indonesia, especially Mindanao and North Sulawesi. Cargill is the highest-ranked coconut oil sourcing and ingredients supplier at 9.3, with a sustainable coconut-oil supply chain serving cooking, food, skincare, and soap applications.
What technology shifts are showing up in coconut-oil authentication and processing?
Work includes multispectral-imaging adulteration estimation and machine-learning classification using ATR/FTIR and DD-SIMCA for authentication. Processing automation use cases include dynamic cooker-compartment temperature adjustment using real-time copra-moisture readings.
How concentrated is supply in the coconut-oil production base?
The Philippines, Indonesia, and India together accounted for 87.5% of estimated 2025/26 world coconut oil production. In the 2025/26 supply balance, the Philippines represented 44.3% of world production, Indonesia 27.8%, and India 15.4%.
What do benchmark prices show for 2025 to October 2026?
The World Bank’s monthly benchmark averaged $2,029 per metric ton in October 2026, down 20.3% from October 2025. It peaked at $2,841 per metric ton in July 2025 before declining through October 2026.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, November 11). Coconut Oil Industry Statistics. Gitnux. https://gitnux.org/coconut-oil-industry-statistics
MLA
Samuel Norberg. "Coconut Oil Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/coconut-oil-industry-statistics.
Chicago
Samuel Norberg. 2026. "Coconut Oil Industry Statistics." Gitnux. https://gitnux.org/coconut-oil-industry-statistics.

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