The Cold Pressed Oil Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cold Pressed Oil Global Market Report 2024, The cold pressed oil market size has grown strongly in recent years. It will grow from $31.38 billion in 2023 to $34.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to natural extraction process, health consciousness, culinary applications, traditional and artisanal methods, sustainability and environmental concerns, local and small-scale production.
The cold pressed oil market size is expected to see strong growth in the next few years. It will grow to $49.63 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to functional food demand, plant-based diet movement, e-commerce growth, rising culinary exploration, functional ingredients in the food industry, emergence of new oil varieties. Major trends in the forecast period include integration with technology, sustainable and eco-friendly production practices, packaging innovations, transparent labeling and authenticity, innovation in blends.
The rise in health awareness among individuals is expected to propel the cold-pressed oil market growth going forward. Awareness-raising is the process that seeks to inform and educate people about a topic or issue with intention of influencing their attitudes, behaviors, and beliefs toward the achievement of a defined purpose or goal. People nowadays have started to become more aware of their health, especially when it comes to good food hygiene and certain lifestyle choices. Cold-pressed oil can be used for cooking, and it is best for foods cooked on low/medium heat. Cold-pressed oils provide health benefits in addition to meeting basic nutritional requirements. They are functional products that contain a variety of bioactive substances. Aside from nutritional and health benefits, cold-pressed oils also improve skin and add flavor to food. For instance, according to The Barbecue Lab, a US-based barbecue restaurant, in 2022, 93% of Americans want to eat healthily, and 63% of consumers say they try to eat healthy food most or all the time. Therefore, the rise in health awareness among individuals is driving the growth of the cold-pressed oil market.
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The cold pressed oil market covered in this report is segmented –
1) By Product: Coconut Oil, Palm Oil, Ground Nut Oil, Rapeseed Oil, Soybean Oil, Sunflower Oil, Other Products
2) By Distribution Channel: Hypermarkets and Supermarkets, Convenience Stores, Online, Other Distribution Channels
3) By Application: Food Industry, Agriculture, Cosmetics and Personal Care Industry
Major companies operating in the cold-pressed oil market are focusing on product innovations, such as virgin coconut oil, offering a high-quality, cold-pressed oil product that caters to the growing demand for natural and organic products. Virgin coconut oil is an unrefined, pure, and minimally processed oil extracted from fresh coconut meat without the use of high heat or chemicals, retaining its natural flavor, aroma, and nutritional benefits. For instance, in February 2022, Dabur, an India-based multinational company that manufactures Ayurvedic medicine and natural consumer products, launched Virgin Coconut Oil. It stands out for its 100% natural and cold-pressed extraction method, preserving essential nutrients, rich aroma, and true coconut flavor, while its Medium Chain Triglycerides (MCTs) contribute to energy release and weight management. Priced at Rs. 399 for 500 ml and available on Amazon, this innovative product is poised to create opportunities in the cold-pressed oil market by meeting consumer demand for natural, organic, and health-conscious offerings, reinforcing Dabur’s commitment to holistic well-being.
The cold pressed oil market report table of contents includes:
1. Executive Summary
2. Cold Pressed Oil Market Characteristics
3. Cold Pressed Oil Market Trends And Strategies
4. Cold Pressed Oil Market – Macro Economic Scenario
5. Global Cold Pressed Oil Market Size and Growth
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26. South America Cold Pressed Oil Market
27. Brazil Cold Pressed Oil Market
28. Middle East Cold Pressed Oil Market
29. Africa Cold Pressed Oil Market
30. Cold Pressed Oil Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- Archer Daniels Midland Company
- Wilmar International Limited
- Bunge Limited
- Flora Inc.
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