The forecast for coconut oil domestic consumption in the US indicates a stable pattern with minimal growth. In 2023, the domestic consumption was recorded at 484.0 Thousand Metric Tons. The data for the following years from 2024 to 2028 show slight increases, reaching 486.0 Thousand Metric Tons by 2028. This corresponds to a year-on-year variation close to zero, indicating a saturated market with limited changes in consumption.
The year-on-year variations indicate a 0.2% increase in 2026 and a stable consumption rate thereafter. The Compound Annual Growth Rate (CAGR) over the last five years reflects a very modest average annual growth, largely driven by the slight uptick from 2026 onwards.
Future trends to watch for include shifts in consumer preferences towards healthier oils, potential impacts of trade policies on coconut oil imports, and emerging innovations in coconut oil applications. These factors may influence the consumption pattern moderately in the coming years.
