Nigeria Virgin Coconut Oil Market Size & Outlook, 2025-2033
Nigeria Virgin Coconut Oil Market Insights
- Based on Deep Market Insights findings, the Nigeria Virgin Coconut Oil Market reached USD 19.05 Million in 2024 and is estimated to attain USD 38.66 Million by 2033.
- From 2025 to 2033, the Nigeria market is expected to grow at a steady CAGR of 8.25%.
- Within the Type category, Organic dominated in 2024 in terms of market size contribution.
- Over the forecast period, Hot Processed is forecasted to deliver the fastest growth, positioning it as the most lucrative Type segment.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- In 2024, Nigeria represented 0.68% of the overall global Virgin Coconut Oil Market size.
- United States is projected to lead the global Virgin Coconut Oil Market size by 2033.
- Across Middle East and Africa, United Arab Emirates is anticipated to hold the dominant position in market size by 2033.
- South Africa is forecasted to expand at the fastest pace in Middle East and Africa, attaining USD 56.69 Million by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 19.05 Million |
| Market Size In 2033 | USD 38.66 Million |
| Largest segment | Organic |
| Units | Revenue in USD Million |
| CAGR | 8.25% (2025-2033) |
| Segmnetation Covered | |
| Type |
|
| Application |
|
| Distribution Channel |
|
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Nigeria Virgin Coconut Oil Market Type 2025-2033 (USD Million)
| Type | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Organic | XX.x | XX.x | XX.x | 7.62 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Conventional | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Cold Pressed | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Hot Processed | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Nigeria Virgin Coconut Oil Market Application 2025-2033 (USD Million)
| Application | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Food and Beverages | XX.x | XX.x | XX.x | 7.84 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Cosmetics and Personal Care | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Pharmaceuticals and Nutraceuticals | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Others | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.
Nigeria Virgin Coconut Oil Market Distribution Channel 2025-2033 (USD Million)
| Distribution Channel | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Supermarkets and Hypermarkets | XX.x | XX.x | XX.x | 8.74 | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Specialty Stores | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Online | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Others | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
| Total | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x | XX.x |
Source: DMI Analysis Company Publications, Primary Interviews.