A few studies suggest adding coconut oil to the diet helps reduce belly fat, lowers cholesterol and promotes weight loss, according to About.com. While some research shows the benefits of consuming coconut oil, more evidence is necessary to support these claims fully as of 2015.
Alternative medicine practitioners claim that consuming coconut oil helps support thyroid function, increases metabolism and improves blood pressure, as noted by About.com. They also claim it helps increase bone strength, promotes digestion and has cancer-preventing properties. Coconut oil finds use in baked goods and stir fries and is a suitable replacement for butter on toast, oatmeal or popcorn.