Coconut oil has become a staple in industries ranging from food and beverage to cosmetics and pharmaceuticals, thanks to its versatility and health benefits. The rising demand for organic, virgin, and sustainably sourced coconut oil is fuelling market expansion worldwide. Leading companies are investing in advanced extraction techniques, eco-friendly production, and innovative product formulations to meet evolving consumer preferences.
The global coconut oil market is set for significant expansion, driven by increasing consumer awareness and demand for natural, multi-purpose oils. According to Kings Research, the market is expected to reach USD 8.94 billion by 2031, fuelled by growth in the food, cosmetic, and wellness industries. Leading companies are advancing sustainable sourcing and enhancing processing methods to capitalize on this rising demand.
Top 15 Companies in the Global Coconut Oil Market
1. Cargill, Incorporated
Cargill, Incorporated supplies refined, virgin, and fractionated coconut oil for food, personal care, and industrial applications. Cargill provides coconut oil as part of its food ingredients portfolio, primarily for industrial and commercial use in coatings, fillings, and other applications in the confectionery, bakery, and ice cream industries. The company participates in sustainable sourcing initiatives to support responsible coconut farming. Cargill has a strong global presence, with operations spanning North America, Asia-Pacific, and Europe, ensuring a reliable supply chain for bulk buyers and manufacturers.
2. Mangga Dua
Mangga Dua offers a variety of coconut oil products, including RBD coconut oil, virgin coconut oil (VCO), and crude coconut oil. It caters to both bulk buyers and retail markets. The company utilizes cold-pressed extraction techniques to help maintain nutrient content.
3. Greenville Agro Corporation
Greenville Agro Corporation specializes in organic and conventional coconut oil for food, cosmetic, and pharmaceutical industries. The company employs chemical-free extraction methods to produce coconut oil. Greenville Agro Corporation is headquartered in the Philippines and exports products to the US, Europe, and Asia.
4. Roycefood Corporation
Roycefood Corporation produces virgin coconut oil, RBD coconut oil, and coconut-based derivatives for international distribution. It supplies products under Roycefood Organics and various OEM brands. The company develops advanced filtration processes for premium-grade oil production.
5. Novel Nutrientss Pvt Ltd.
Novel Nutrientss Pvt Ltd. offers virgin and cold-pressed coconut oil for dietary, cosmetic, and wellness applications. The company develops fortified coconut oils enriched with herbal extracts for enhanced health benefits. Novel Nutrientss Pvt Ltd is based in India and it exports to North America, the Middle East, and Europe, catering to health-conscious consumers worldwide.
6. Aromaaz International
Aromaaz International supplies organic virgin coconut oil, fractionated coconut oil, and coconut carrier oils for aromatherapy and cosmetics. It operates through private labeling and bulk supply chains. The company develops customized coconut oil formulations for skincare and therapeutic uses. Aromaaz International has a global distribution network, supplying to the US, Europe, the Middle East, and Asia.
7. Adams Vision SRL
Adams Vision SRL specializes in cold-pressed virgin coconut oil for food and beauty applications. It caters to the coconut oil market with its high-quality, non-GMO, and preservative-free products. The company develops low-temperature processing methods to retain natural antioxidants. Adams Vision SRL is based in Romania, with a significant presence in Europe and North America.
8. ConnOils By Kraft
ConnOils By Kraft offers customized coconut oil blends for food, nutraceutical, and cosmetic industries. It operates under the ConnOils brand, focusing on bulk supply and private labeling. The company develops microencapsulation technology to enhance coconut oil stability in formulations.
9. Tantuco Enterprises, Inc.
Tantuco Enterprises, Inc. is a leading manufacturer of high-quality refined, bleached, and deodorized (RBD) coconut oil based in the Philippines. The company market its products under the brand names EL CIELO, EXORA, and APPROVED. The company also produces crude coconut oil, copra cake, coconut methyl ester, coconut fatty acid distillate, and glycerine. Tantuco has its manufacturing plant in Quezon Province in Philippines and exports products to various countries, including Russia, Argentina, Israel, Iran, Africa, China, India, and Taiwan.
10. Celebes Coconut Corporation
Celebes Coconut Corporation is a leading Philippine manufacturer and exporter of organic-certified coconut products, including organic virgin coconut oil and refined, bleached, and deodorized (RBD) coconut oil. These products cater to the food, pharmaceutical, and cosmetic industries.
11. Green Enterprises Pte Ltd
Green Enterprises Pte Ltd supplies virgin and refined coconut oil for food and skincare industries. It operates in the coconut oil market, focusing on organic and fair-trade-certified products. The company develops biodynamic farming techniques to improve coconut yield and sustainability. Green Enterprises is based in Singapore and has a strong supply chain across Asia and Europe.
12. SUN BIONATURALS (INDIA) PRIVATE LTD
SUN BIONATURALS (INDIA) PRIVATE LTD specializes in organic coconut-based products. The company offer a range of products in the coconut oil market including virgin coconut oil, refined coconut oil, coconut peat, and coconut fiber, catering to both edible and personal care applications. The company emphasizes eco-friendly and chemical-free processing techniques to preserve the natural aroma and nutrients of coconut oil.
13. Bo International
Bo International offers bulk and private-label coconut oil products, including fractionated and organic virgin coconut oil. It serves the coconut oil market through custom formulation services. The company develops skin-friendly coconut oil infusions for the cosmetic industry.
14. Marico
Marico is a well-known player in the coconut oil market, offering Parachute, Nihar Naturals, and Coco Soul brands. It provides both edible and cosmetic-grade coconut oils. The company develops scientifically crafted coconut oil-based hair and skincare solutions.
15. Rmayra Naturals
Rmayra Naturals specializes in organic, extra-virgin, and herbal-infused coconut oils for skincare and wellness. It operates in the coconut oil market, focusing on handcrafted, small-batch production. The company offers coconut oil blends influenced by Ayurvedic principles for wellness applications.
Conclusion
The global coconut oil market is evolving rapidly, driven by increasing demand for natural, multi-purpose oils in food, cosmetics, and wellness. Leading companies such as Cargill, Marico, and Celebes Coconut Corporation are innovating through sustainable sourcing, advanced extraction methods, and specialized product formulations. As the industry shifts toward eco-friendly production and high-quality offerings, companies continue to refine their processes to meet changing consumer preferences. Coconut oil remains a vital ingredient shaping the future of natural health and beauty solutions.
