Copra Oil Manufacturing Industry
Copra Oil Manufacturing Industry. Coconut Oil Production from Copra. Coconut Oil Processing Business
Copra is the dried flesh of coconuts. Copra, dried sections of the meat of the coconut, the kernel of the fruit of the coconut palm (Cocos nucifera). Copra is valued for the coconut oil extracted from it and for the resulting residue, coconut-oil cake, which is used mostly for livestock feed.
The following are just some of the common uses of copra:
- Coconut oil is commonly used in baking and cooking
- Coconut oil is a favorite ingredient in beauty products for its moisture and texture
- The coconut cake produced by making copra is commonly used as livestock food
- Coconut scent is widely used in products such as candles and soaps
- Coconut oil is an edible fat comparable to butter or margarine
Coconut oil, or copra oil, is an edible oil extracted from the kernel or meat of mature coconuts harvested from the coconut palm.
Market Outlook
The worldwide market for Coconut Oil is expected to grow at a CAGR of roughly 4.5% over the next five years, will reach 4900 million US$ in 2023, from 3760 million US$ in 2017. Coconut oil is made up of a mixture of saturated, monounsaturated and polyunsaturated fats. The oil contains nearly 12 g of saturated fat. This is approximately 60 percent of daily recommended saturated fat intake for humans. The coconut oil also contains heart-healthy polyunsaturated and monounsaturated fats that are important for brain function and overall growth and development.
The coconut oil market can be segmented into applications, packaging, product type, and distribution channel. Coconut oil market finds applications in food, household detergents, metalworking fluids, paints and coatings, soaps, textile chemicals, plastic industry and pharmaceuticals and cosmetic industry. On the basis of packaging, the coconut oil market is divided into steel drums, flexi tanks/ISO tanks, carboys, plastic bottles, squeeze tubes, glass jars, and pails. On the basis product type, the coconut oil market is segmented as distilled, partially hydrogenated, fully hydrogenated, low white or low whole products. On the basis distribution channels, the coconut oil market is segmented as manufacturers, super stockist, wholesalers, retailers, online retailers and convenience stores.
The coconut oil market has seen tremendous potential in the personal care industry, already popular in Asian regions, but now also popular globally. The coconut oil is also used as a substitute to the vegetable oil and is traditionally used ingredient in the natives of South India. Given, its wide array of applications, the coconut oil market sees a huge growth in the forecast period.
The coconut oil market has seen a moderate rise in the past decade as people’s preference for coconut oil has increased due to its many health benefits. Its applications in the personal care and cosmetics like hair care and skincare has paved the way for the growth of coconut oil market. The coconut oil market has seen rise due to due to its ready availability and cheap prices, especially for the consumers dwelling in the tropical regions. The macro-economic factors like the ban on the export of coconut in countries such as Indonesia is affecting the growth of the coconut oil market globally. While many regions remain dependent on the exports from tropical countries for the production of coconut related products, such moratoriums may hamper the growth of the coconut oil market. The coconut oil is the basis of coconut snacks and its usage as a substitute for various oils has further fuelled the growth of the coconut oil market.
Coconut oil has witnessed considerable demand in the last decade on account of its unmatched versatility. However, supply inconsistencies and sluggish rate of production have raised up coconut oil prices to a new high. The rising demand for coconut-based variants such as coconut sugar and coconut water have skyrocketed in the past few years, exhausting raw materials used for oil manufacture. The inability of manufacturers to streamline the supply framework as per demand generated for coconut oil has led to this surge in prices. It is likely that this increase in prices might lead to debut of adulterated coconut oil in the market, which might pose threats for the product integrity quo of coconut oil market. Coconut Oil is used in household cooking in states like Kerala and Goa. It is also used in the bakery, hair oil and soap manufacturing industry.
Coconut Oil Market: Key Players
- Windy City Organics
- Premier Organics Inc.
- The Hain Celestial Group, Inc.
- Windmill Organics
- Wichy Plantation Company (Pvt) Ltd
- Andy Albao Corporation
- The HallStar Company
- Marico Limited
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