The global coconut oil market is poised for substantial growth, driven by increasing demand across food & beverages, cosmetics, and pharmaceutical industries. The market, valued at USD 5.82 billion in 2023, is estimated to reach USD 6.11 billion in 2024 and further expand to USD 8.94 billion by 2031, registering a CAGR of 5.60% during the forecast period.
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