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%. Historical growth was propelled by several factors including the use of natural extraction processes, increased health consciousness among consumers, diverse culinary applications, the utilization of traditional and artisanal methods, concerns about sustainability and the environment, as well as a shift towards local and small-scale production methods.

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%. Anticipated growth in the upcoming period is tied to the increasing demand for functional foods, the movement towards plant-based diets, the continued growth of e-commerce, a rise in culinary exploration, the utilization of functional ingredients in the food industry, and the emergence of new oil varieties. Major trends expected in this forecast period encompass integrating with technology for production and distribution, implementing sustainable and eco-friendly practices, innovating packaging solutions, prioritizing transparent labeling for authenticity, and exploring innovations in ingredient blends.

The burgeoning health consciousness among consumers is anticipated to drive the expansion of the cold-pressed oil market. Awareness-raising initiatives aim to educate and inform individuals to influence their attitudes, behaviors, and beliefs towards specific goals. Presently, people exhibit heightened awareness concerning health, particularly regarding food hygiene and lifestyle choices. Cold-pressed oils, ideal for low/medium heat cooking, not only meet basic nutritional needs but also offer health benefits and contain various bioactive compounds, making them functional products. Beyond their nutritional advantages, these oils enhance skin health and impart rich flavors to food. For instance, data from The Barbecue Lab, a US-based barbecue restaurant, indicated that in 2022, 93% of Americans prioritize healthy eating, with 63% consistently opting for healthy food choices. Consequently, the escalating health consciousness among individuals is a key driver propelling the growth of the cold-pressed oil market.

Anticipated growth in the cold-pressed oil market is closely linked to the upward trajectory of disposable income. This income metric signifies the funds at an individual's disposal for both spending and saving after accounting for taxes and obligatory deductions. The surging popularity of cold-pressed oils is a contributing factor to increased consumer expenditure on premium, health-focused products, thereby positively influencing overall disposable income. For instance, data from the Federal Reserve Board in 2021 indicated that the average American enjoys an annual disposable income of $56,088. Consequently, the upward trend in disposable income is a significant driver behind the growth of the cold-pressed oil market.

An emerging trend within the cold-pressed oil market is the emphasis on innovative processes. Major industry players are directing their efforts toward the development of novel technological solutions to fortify their market standing. For instance, in April 2022, Botanic Innovations, a prominent U.S.-based producer specializing in oils and powders derived from highly nutritious plants, introduced the NatureFRESH Cold Press Process. This method, known for its natural gentleness and sustainability, is utilized for extracting all seed oils and powders within their product line. The NatureFRESH Cold Press Process operates without chemicals, solvents, or preservatives, ensuring that the extracted seed oils retain their purest form. Employing low processing temperatures is instrumental in preserving the seeds' inherent characteristics and robust nutritional benefits.

Leading companies in the cold-pressed oil market are strategically concentrating on product innovation, exemplified by the introduction of virgin coconut oil. This premium, cold-pressed oil product is tailored to satisfy the burgeoning consumer appetite for natural and organic goods. Virgin coconut oil, extracted from fresh coconut meat without exposure to high heat or chemicals, retains its unrefined, pure, and minimally processed characteristics, encompassing its natural flavor, aroma, and nutritional advantages. An illustrative case is the February 2022 launch by Dabur, a multinational enterprise based in India renowned for manufacturing Ayurvedic medicine and natural consumer products. Their Virgin Coconut Oil product stands out for its 100% natural, cold-pressed extraction technique, preserving essential nutrients, a robust aroma, and an authentic coconut taste. Furthermore, the presence of Medium Chain Triglycerides (MCTs) contributes to energy release and weight management. Priced at Rs. 399 for 500 ml and available through Amazon, this innovative offering is poised to capitalize on opportunities within the cold-pressed oil market, aligning with consumer preferences for natural, organic, and health-centric products. This launch further underscores Dabur's commitment to holistic well-being.

In January 2022, Mensa Brands, an Indian investment firm, completed the acquisition of Florona, marking a strategic move to fortify their growth trajectory leveraging Florona's technological assets, operational proficiency, and digital brand development capabilities. Florona, an India-based company specializing in aromatherapy and natural personal care products, notably includes a line of cold-pressed carrier oils among its offerings. The acquisition is anticipated to bolster Mensa Brands by integrating Florona's expertise and product range, fostering an enhanced market presence and operational advancement within the realms of natural personal care products and cold-pressed oils.

Major companies operating in the cold pressed oil market report are 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.

Asia-Pacific was the largest region in the cold pressed oil market in 2023. The regions covered in the cold pressed oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries 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.

Cold-pressed oil products encompass a range of varieties, including coconut oil, palm oil, groundnut oil, rapeseed oil, soybean oil, sunflower oil, and additional options. Palm oil specifically refers to the edible oil derived from the fruit pulp of oil palms. These products reach consumers through various distribution channels such as hypermarkets, supermarkets, convenience stores, online platforms, and other retail avenues. Widely utilized across the food industry, agriculture, and the cosmetics and personal care sector, these oils serve diverse applications within these industries.

The cold-pressed oil market research report is one of a series of new reports that provides cold-pressed oil market statistics, including cold-pressed oil industry global market size, regional shares, competitors with cold-pressed oil market share, detailed cold-pressed oil market segments, market trends, and opportunities, and any further data you may need to thrive in the cold pressed oil industry. This cold-pressed oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The cold pressed oil market consists of sales of olive oil, sesame oil, avocado oil, and flakeseeds oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.