In 2023, the distribution of coconut oil in China stood at an undisclosed quantity. However, forecasted data from 2024 to 2028 indicates a steady increase in volume, rising from 207 thousand metric tons in 2024 to 216 thousand metric tons in 2028. The year-on-year growth is as follows:
- 2024 to 2025: 0.97%
- 2025 to 2026: 0.96%
- 2026 to 2027: 1.42%
- 2027 to 2028: 0.93%
The Compound Annual Growth Rate (CAGR) over the next five years is approximately 1.07%.
Future trends to watch for include potential market disruptions with increasing consumer awareness regarding sustainable sourcing, fluctuations in global coconut supply, and changes in consumer preferences driven by health and wellness trends.
