The demand for coconut oil in France has shown a steady increase over the period from 2014 through 2023. In 2023, the volume stood at 52.0 Thousand Metric Tons, representing a year-on-year growth of 1.96%. Over the last five years, the compound annual growth rate (CAGR) has been 1.61%.
Notable year-on-year increases include a substantial 33.33% jump in 2015 and a significant 14.29% rise in 2018. However, there were also periods of decline or stagnation, such as the 10.64% decrease in 2017 and no growth in 2019. Despite these fluctuations, the general trend over the decade shows a positive incline.
The forecasted data from 2024 to 2028 suggests a continuation of this moderate growth trend with a 5-year CAGR of 1.47%, expecting to reach 57.0 Thousand Metric Tons by 2028, which translates to a cumulative 7.55% growth over the period.
Future trends to watch for in the coconut oil market in France include increased health consciousness driving demand for natural products, the influence of innovations in food and cosmetics industries, and potential supply chain disruptions impacting availability and pricing.
