Store-based Retail to Lead Global Virgin Coconut Oil Market till 2024
Rising awareness towards healthy
lifestyle products coupled with growing food & beverages industry to drive
global virgin coconut oil market through 2024
According to TechSci Research
report, Global Virgin Coconut Oil Market By Type, By Application,
By Distribution Channel, By Region, Competition, Forecast & Opportunities,
2024”, global virgin coconut oil market is projected to grow at a
CAGR of over 9% during 2019-2024, on the back of rising health consciousness
among consumers and rising consumer expenditure on functional food and
beverages. Increasing investments that are aiding market players to boost their
production capabilities and cater to growing demand for coconut oil from
consumers are expected to push global virgin coconut oil market during the
forecast period.
Browse 118 Figures
spread through 110 Pages and an in-depth TOC on “Global
Virgin Coconut Oil Market"
https://www.techsciresearch.com/report/virgin-coconut-oil-market/4003.html
Asia-Pacific dominates global virgin coconut oil market and is expected
to remain the dominant region during the forecast period as well, backed by
huge production of coconut in the region. Favorable climatic condition in the
region is one of the key factors resulting in huge production of organic virgin
coconut in the region. Store-based retail and internet retail are the two distribution
channels in virgin coconut oil market. The store-based retail segment dominated
the market in 2018 and is expected to continue to lead the market in coming
years, owing to the rapid penetration of supermarket retail chains in
developing economies. However, internet retail channel is likely to witness
healthy growth over the next five years, backed by growing popularity of the
e-commerce segment. Moreover, e-commerce and technology are transforming this
category with new user experiences, where big brands and small start-ups alike
are racing to embrace e-commerce, making this channel even stronger.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4003
Customers can also request
for 10% free customization on this report.
“Growing interest of consumers
towards natural beauty products is driving demand for virgin coconut oil across
the globe, as virgin coconut oil provides proper nourishment to skin and hair. Moreover,
virgin coconut oil is gaining huge traction as a nutraceutical food oil and is
getting popular among health conscious people.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Virgin Coconut
Oil Market By Type, By Application, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future
growth potential of global virgin coconut oil market and provides statistics
and information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global virgin coconut oil market.
About
TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research-based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr.
Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]