Overview of Canadian Coconut Oil Market Coconut oil is one of the most popular edible oils in Canada and has become increasingly in demand globally due to its health benefits. It is an excellent source of medium-chain fatty acids (MCTs), which are easily metabolized by the body to provide energy. Virgin coconut oil, in particular, is known for its healthy properties as it is processed without any chemicals or heat, which help to retain its nutritional components, antioxidants, and flavors.