The Various Usage Levels of Coconut Oil in Body Formulations Coconut oil has become an increasingly popular ingredient in personal care products, especially in body formulations. It is rich in essential fatty acids, vitamins, and minerals, making it incredibly nourishing for the skin. The following are various usage levels of coconut oil in different body formulations. Body Lotion Body lotions are used for hydrating and softening the skin. Coconut oil is a great addition to body lotions because of its moisturizing properties.