The cold pressed oil market has seen significant growth, advancing from $31.38 billion in 2023 to $34.45 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.8%. This growth in the historical period is attributed to factors such as the natural extraction process, rising health consciousness among consumers, versatile culinary applications, reliance on traditional and artisanal methods, sustainability concerns, and preference for local and small-scale production. Looking ahead, the market is expected to continue growing, projected to reach $49.63 billion by 2028, with a CAGR of 9.6%. This anticipated growth is driven by increasing demand for functional foods, the plant-based diet movement, expansion of e-commerce platforms, increased culinary exploration, use of functional ingredients in the food industry, and emergence of new oil varieties. Major trends during this forecast period include integration with technology, adoption of sustainable and eco-friendly production practices, innovations in packaging, transparent labeling emphasizing authenticity, and innovation in oil blends.
Major Driver In The Cold Pressed Oil Market
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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Cold Pressed Oil Market Competitive Landscape
Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Flora Inc., Dabur Limited, Lala Group, Adams Group, The Hain Celestial Group Inc., China Agri-Industries Holdings Limited, Marico Limited, Ventura Foods LLC, Olitalia S.r.l., Max Care, Columbus Vegetable Oils, DiSano Foods, Eden Foods Inc., Arya Farm, KTC Edibles Limited, Nature's Basket Ltd., Borges International Group S.L., Majestic Pure Cosmeceuticals, Statfold Seed Oils Ltd., Naissance Trading & Innovation Ltd., Gramiyum Wood Pressed Oils, FreshMill Oils, The Healthy Home Economist LLC, Anjali Sesame Oils, Sundrop, Pristine Oils, Tridge Inc., Borges India Private Limited, Pure & Sure Organic LLP, VegiDay, Emami Agrotech Limited, Moulin Mahjoub
Key Cold Pressed Oil Market Trend
The development of innovative processes has emerged as a key trend gaining popularity in the cold-pressed oil market. Major companies in this market are focused on developing new technological solutions to strengthen their position. For instance, in April 2022, Botanic Innovations launched the NatureFRESH Cold Press Process, a naturally gentle and sustainable process for extracting seed oils and powders. This process preserves the natural characteristics and nutritional benefits of the seeds without using chemicals, solvents, or preservatives.
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Cold Pressed Oil Market Segmentation
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
By Geography:The regions covered in the cold pressed oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the cold pressed oil market in 2023.
The Cold Pressed Oil Global Market Report 2024 furnishes information about the global cold pressed oil market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
