Cold Pressed Oil Market

The global cold pressed oil market size was USD 25 Billion in 2022 and is likely to reach USD 35.8 Billion by 2031, expanding at a CAGR of 5.1% during, 2023–2031. The market growth is attributed to the rising demand for several applications such as personal care, animal food, and food & beverages.

Cold pressed oil is called virgin or cold-drawn oil. Cold pressed oil is a pure form of oil and has a better flavor than hot-pressed oil. A strict extraction process is followed to get pure oil which makes it expensive in the market. Cold press abstraction is a process of mechanical extraction and consumes less energy in comparison to the other oil extraction methods.

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There are different types of cold-pressed oils such as coconut oil, flaxseed oil, pistachio oil, sesame oil, avocado oil, olive oil, and grapeseed oil. Pistachio oil, olive oil, and avocado oil are considered to be high in monounsaturated fatty acids. Flaxseed oil, sesame oil, and grapeseed oil are considered to be rich in polyunsaturated fatty acids.

Omega-3 and omega-6 are the types of polyunsaturated fatty acids. Omega-3 is good for the heart in various ways and it reduces the risk of arrhythmia. Omega-6 help in controlling blood sugar levels, which reduces the risk of diabetes. Cold pressed oils are not only rich in zinc and also in vitamins such as vitamin A, E, C, D, potassium, and lecithin, which are required for a healthy heart, good vision, and kidneys. Cold-pressed oils are rich in antioxidants and bioflavonoids and help prevent free radical damage.

The cold pressing method is a traditional method and is manufactured naturally without adding any chemicals, preservatives, and external heat. COVID-19 moderately impacted the cold-pressed oil market. The impact of the pandemic disrupted the supply chain and customer behavior. Further, the expansion of the food service industry significantly increased the demand for cold-pressed oils as customers are opting for healthy food to boost immunity.

Cold Pressed Oil Market Dynamics

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Major Drivers

Growing awareness of healthy and nutritional choices for oil among consumers, due to the increasing usage of oil for the preparation of several cuisines is expected to drive the market. Cold pressed oil has an essential flavor & taste and is loaded with healthy fats, vitamin E & K, and various antioxidants and anti-inflammatory compounds.

Increasing usage of cold-pressed oil as a natural ingredient in cosmetic and beauty care products is driving the market. Cold-pressed oil are extensively used for skin and hair care products as they are rich in natural nutrients, antioxidants, and aroma. Cold pressed oil helps to reduce the oxidative stress on the skin and reduce wrinkles & fine lines.

Existing Restraints

High cost of cold pressed oil products, due to the manufacturing process of oil is restraining the market. Rising health concerns among consumers due to the excessive consumption of cold-pressed oil is hampering the market.

Major allergies and health issues such as shortness of breath, itchy palms, and feet, and nasal blockage are caused by excessive use of soybean seed, rapeseed, and coconut cold-pressed oil, which is affecting the demand for oil. The decrease in demand for cold-pressed oil is hindering the further market growth.

Emerging Opportunities

Increasing investments in research & development activities and strategic collaborations among key players for manufacturing cold pressed oil is expected to create lucrative opportunities for the market players. Increasing demand for cold pressed oil, as it helps to boost the immune system is expected to create lucrative opportunities for the market players. Cold pressed oil contains natural antioxidants which helps to reduce cell damage in the human body.

Scope of Cold Pressed Oil Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Cold Pressed Oil Market Segment Insights

Product Segment Analysis

Based on the product, the cold pressed oil market is divided into ground nut oil, rapeseed oil, olive oil, coconut oil, palm oil, soyabean oil, and sunflower oil. The palm oil segment is expected to expand at a significant growth rate during the projection period, owing to the health benefits offered by palm oil such as reducing cholesterol levels, increasing brain health, and enhancing skin & hair beauty. Thus, the palm oil segment is expected to contribute considerably to the global cold-pressed oil market.

Application Segment Analysis

On the basis of application, the global market is segregated into the cosmetics & personal care industry, food industry, and agriculture. The food industry segment is dominating the cold-pressed oil market, holding 50% of the market share, and is anticipated to grow with a CAGR of 3.9% during the projection period. Cold-pressed oil is widely used by food manufacturers, hotels, restaurants, cafes, and households. Wide applications of cold-pressed oil from several industries are projected to drive market expansion in the coming years.

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Distribution Channel Segment Analysis

In terms of the distribution channel, the market is segmented into hypermarkets & supermarkets, online retail, and convenience stores. The hypermarkets and supermarkets segment is expected to register a robust growth rate during the forecast period. It contributed a significant share of approx. 45% and is expected to expand at a CAGR of 6.1% in the coming years. Personalized attention from the sales staff, quick returns, and delivery are some of the factors which drive the hypermarkets & supermarkets segment.

Regional Analysis

In terms of region, the global cold pressed oil market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, owing to increasing health awareness among the population for a healthy lifestyle in the region. Individuals are shifting their interest towards less processed food, increasing the demand in the market.

The Asia Pacific market is anticipated to expand at a substantial growth rate of 36% attributed to the easy availability of raw materials and low labor costs. The high nutrition benefits of cold-pressed oil, along with taste and aroma growing the demand for cold-pressed oil in the Asian market.

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Segments

The global market has been segmented on the basis of

Product

• Ground Nut Oil
• Rapeseed Oil
• Olive Oil
• Coconut Oil
• Palm Oil
• Soyabean Oil
• Sunflower Oil

Application

• Cosmetics & Personal care Industry
• Food Industry
• Agriculture

Distribution Channel

• Hypermarkets & Supermarkets
• Online Retail
• Convenience Stores

Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Statfold Seed Oils Ltd
• Wilmar International Ltd
• Archer Daniels Midland Company (ADM)
• Bunge Limited
• Cargill Inc.
• China Agri-Industries Holdings Limited
• Naissance Natural Healthy Living
• Gramiyum Wood Pressed Oils
• The healthy Home Economist
• FreshMill Oils
• Lala Jagdish Prasad & Company

Competitive Landscape

Key players in the global cold pressed oil market are Statfold Seed Oils Ltd; Wilmar International Ltd; Archer Daniels Midland Company (ADM); Bunge Limited; Cargill Inc.; China Agri-Industries Holdings Limited; Naissance Natural Healthy Living; Gramiyum Wood Pressed Oils; The healthy Home Economist; FreshMill Oils; and Lala Jagdish Prasad & Company.

These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide.

• In February 2022, Dabur India Ltd announced the launch of virgin coconut oil and claimed the oil to be 100% natural and cold-pressed to strengthen its presence in the coconut oil market.