Virgin coconut oil suppliers is increasing more and more significantly, this is an apparent evidence for the influence as well as the potential of coconut oil products around the world. Let’s look at some striking figures reviewed about virgin coconut oil!
Interesting facts for the global virgin coconut oil production
Nowadays, there have been more than 80 nations around the globe planting coconuts as one of the main sources for the production serving domestic demand and exporting purposes. One statistic relating to this revealed that the global production of coconut was estimated to be roundly 55 million tons on the yearly basis. Remarkably, Asia Pacific has accounted for the largest revenue share in virgin coconut oil market in the globe, and predictions show that this is likely to be the dominant region in virgin coconut oil market during the forecast period from 2016 to 2023.
Among worldwide largest virgin coconut oil suppliers that should be taken into account, Indonesia and Philippines are considered to be the two most largest coconut producers, while the third rank belongs to India where the yearly coconut manufacture in India is about 2,044 crore from 19.8 lakh hectare area.
In addition, Vietnam is one of the potential coconut-planted nation that is well-evaluated by many international importers. According to Ben Tre Bureau of Statistics, at the end of 2013, Ben Tre had more than 63,000 ha of coconut, in which the area for harvest is 53 507 ha, accounting for 45% of coconut in the country.
Below are some of basic useful information associated with coconut oil that readers should know:
– Coconut oil is extracted from coconut meat, and it is significantly used in various ways, such as in making food, toiletry as well as various industrial aspects.
– Coconut oil, especially virgin coconut oil, is utilized in pharmaceutical industry. Particularly, it is suitably used by diabetic patients since it helps in valuable utilization of blood glucose.
– The virgin coconut oil ( also known as VCO) is generally extracted from fresh coconut water and meat procured from 12 months of coconut pollination either by natural way or by mechanical techniques. A wide range of VCO benefits considered are the high level in fatty acid, vitamin, minerals and antioxidants; no experience in chemical processing/bleaching, so it is the valuable nutritious product benefiting people’s health and beauty.
– The VCO mainly comprises of medium chain triglycerides (MCT), which are resistant to peroxidation. Medium chain fatty acids (MCFA) actually helps to protect against heart disease, lower the risk of both atherosclerosis and heart disease. They differ from animal fat which consists of long chain saturated fatty acids and is the one main risk factor for cardiac complication.
How does the potential of virgin coconut oil show?
First, there is an rising trend of which consumers allocate their money for functional food and beverages owing to the fact that people have rising health consciousness in terms of proper nourishment of skin and hair, stress relief, cholesterol level maintenance, andweight loss immunomodulatory effects, cardiovascular uses, and more recently in Alzheimer’s
disease, which strengthens the demand for virgin coconut oil over the period.
Second, the fast pace of using virgin coconut oil applying into medical treatment and preventive healthcare is obvious.
Third, the interest and the attention for nourishing lifestyle and intake of omega fatty acid is increasing and this creates more opportunities for coconut oil suppliers to step into this business.
Fourth, the figure for virgin coconut oil consumption in the market undeniably gained remarkable revenue in 2016, and it is projected to expand at a CAGR of approximately 11% over the forecasted period.
Fifth, many market players are reacting to these new opportunities by expanding their service offerings and product lines, which has fueled up the share of virgin coconut oil in the global market.
In addition, the proliferation of the product development together with research advancements is another important reason for the increasing growth of virgin coconut oil market.
It is a little room for doubt that the benefits of Virgin coconut oil has accelerated the striking expansion of virgin coconut oil suppliers recent years. Also, virgin coconut oil is forecasted to witness increasing appetitte from consumers because they are now living with higher health awareness and aging population. Present and predicted future of virgin coconut oil is relatively obvious. Do you agree?