Global Cold Pressed Oil Market by Product (Coconut Oil, Palm Oil, Peanut Oil, and Cottonseed Oil), By Application (Food Industry, Agriculture, and Cosmetics and Personal Care Industry), By Distribution, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the global cold-pressed oil market was valued at USD 26.5 billion. Between 2023 and 2032, this market is estimated to register a CAGR of 5.3%.

The global cold-pressed oil market is a rapidly developing sector that deals with the production and distribution of oils extracted through the cold press method. Cold-pressed oils are produced without using chemicals, heat, or solvents and are considered more natural and healthier than their traditional counterparts.

Cold-pressed oils are extracted by crushing seeds, nuts, or fruits at low temperatures to retain their essential nutrients and flavors; this helps preserve nutritional value as well as the freshness of the oil while providing it with plenty of antioxidants, vitamins, and minerals.

Key Takeaways

1. Market Value and Growth: In 2022, the global cold-pressed oil market was valued at a significant USD 26.5 billion, and it is projected to exhibit substantial growth with an estimated CAGR of 5.3% between 2023 and 2032.
2. Health and Wellness Trends: Growing health and wellness awareness is a major driver of the cold-pressed oil market. Consumers are increasingly seeking healthier alternatives, and cold-pressed oils are perceived as more nutritious and natural due to their retention of essential nutrients and flavors from source ingredients.
3. Rising Demand for Natural and Organic Products: The market benefits from the increasing demand for natural and organic products as consumers become more conscious of synthetic ingredients. People are willing to pay a premium for products free of chemical additives and pesticides.
4. Shifting Consumer Behavior: Consumers are changing their eating habits by reducing processed foods and incorporating more plant-based options. Plant-based cold-pressed oils have become a popular choice for those seeking healthier alternatives.
5. High Cost of Production: One of the challenges facing the industry is the high cost of production, which results in higher retail prices. Specialized equipment and labor-intensive methods, coupled with limited raw materials, contribute to these costs.
6. Lucrative Palm Oil Segment: Among various types of cold-pressed oils, palm oil stands out with a market share of about 40%. Its popularity is attributed to higher oil yields and relatively lower production costs.
7. Dominance of the Food Industry: The food industry is the dominant sector in the cold-pressed oil market, accounting for 56% of the market share in 2022. Cold-pressed oils are commonly used in cooking and food processing due to their nutritional value and natural flavor.
8. Distribution Channels: Cold-pressed oil is predominantly sold in convenience stores, but it can also be found in departmental stores, modern trade units, and online retail platforms. Online retail is gaining importance as e-commerce grows.
9. Opportunities: The market’s most prominent opportunity lies in the increasing demand for organic and natural products. Cold-pressed oils can leverage their natural attributes to cater to health-conscious consumers willing to pay more for sustainable products.
10. Trends: Plant-based diets and the popularity of ethnic cuisines are major trends in the market. Cold-pressed oils are well-positioned to meet the demand for natural and minimally processed products, and they are integral to various ethnic cuisines.
11. Regional Dominance: North America dominates the market with a 38% market share, driven by interest in natural and organic products and plant-based diets. Europe, Asia-Pacific, and the Middle East & Africa also contribute to the market’s growth.
12. Key Players: The cold-pressed oil market is highly fragmented, with no dominant company. Prominent players include Statfold Seed Oils Ltd., Wilmar International Ltd, and Archer Daniels Midland Company (ADM), among others.

Drivers

Wellness and Health Trends and Increasing Demand for Organic and Natural Products Are The Main Drivers of The Cold Pressed Oil Market.

Health and Wellness Trends: Growing health and wellness awareness among consumers is one of the primary drivers of the cold-pressed oil market. Cold-pressed oils are considered healthier and more nutritious compared to other types of oils since they retain more of the essential nutrients and flavor from their source ingredients.

Rising Demand For Natural And Organic Products: There is a rising demand for natural and organic products such as cold-pressed oils, as people become more concerned about the potential dangers of synthetic ingredients. Customers are ready to pay more for products that are free of chemical additives and pesticides.

Consumer Behavior: Consumers are altering their eating habits as they become more health-conscious by consuming fewer processed foods and including more plant-based foods in their dinners. Plant-based cold-pressed oils have grown to be a common choice for people looking for healthier substitutes for standard cooking oils.

Rise in Disposable Income: As disposable income levels rise; consumers are willing to spend more on premium products such as cold-pressed oils. They perceive such items as healthier and more nutritious, thus justifying paying a higher price tag for them.

Restraints

The cost of production is one of the restraints for the cold-pressed oil market.

One of the major difficulties tackled by this industry is its high cost of production, which ultimately results in higher retail prices. Cold pressing oils require specialized equipment and labor-intensive methods that add to these expenses; additionally, limited raw materials such as seeds and nuts add another layer of complexity that drives up costs further.

As a result, cold-pressed oils tend to be costlier than other types of oils which may deter budget-conscious buyers from purchasing them.

Type Analysis

The Palm Oil Segment Is The Most Lucrative In The Market With A Share Of About 40%.

On the basis of types, the market for cold pressed oil is distributed into different types as coconut oil, palm oil, ground nut oil, rapeseed oil, soybean oil, sunflower oil, olive oil, peanut oil, and cottonseed oil.

Among, these the palm oil segment is the most lucrative with a market share of about 40% of total revenue globally. Palm oil is normally used in cold-pressed oil products because the yield of oil is more and the cost of production is relatively lower as compared to other oil products.

Coconut oil is generally known for its health benefits and versatility. Cold-pressed sunflower oil is used in cooking and food processing because it has high smoke points and a neutral test. Olive oil is rich in monounsaturated fatty acids and antioxidants making it a healthy choice for salad dressing and cooking.

Application Analysis

The food industry sector is dominant in the market with a market share of 56%.

By applications, the market is divided into the food industry, agriculture, and cosmetics & personal care industry. The food industry sector is dominant in the market with a market share of 56% in 2022. Cold-pressed oils are generally used in the food industry for baking frying and cooking.

Cold pressed oils boast high nutritional values as well as natural flavoring and aroma that sets them apart from other types of oils. Agriculture uses them too as biopesticides, fungicides, insecticides; animal feed additives, or natural alternatives to synthetic fertilizers.

Finally, cosmetics and personal care industries rely on cold pressed oils’ moisturizing, nourishing, and anti-aging properties – found in lotions, creams, shampoos & conditioners – making them popular choices amongst users alike.

Distribution Channel Analysis

Cold pressed oil is mostly sold in convenience stores.

In distribution channels of cold pressed oil, the channels included are convenience stores, departmental stores, modern trade units, and online retail. Cold pressed oils are often sold in convenience stores, which are small retail establishments located near residential areas or workplaces. These stores typically carry a limited selection of items like food and personal care items.

Cold pressed oils can also be found in department stores, which are larger retail outlets that carry a diverse selection of items across different categories such as clothing, electronics, and household goods. With the growth of e-commerce, online retail has become an important distribution channel for cold pressed oils.

Platforms such as Amazon, Walmart, and Alibaba provide customers with access to a wide range of cold-pressed oils from various brands at their fingertips; making it convenient for them to compare prices and purchase goods without leaving their homes.

Key Market Segments

Based on Product

• Coconut Oil
• Palm Oil
• Ground Nut Oil
• Rapeseed Oil
• Soybean Oil
• Sunflower Oil
• Olive Oil
• Peanut Oil
• Cottonseed Oil

Based on Application

• Food Industry
• Agriculture
• Cosmetics and Personal Care Industry

Based on Distribution Channel

• Convenience Stores
• Departmental Stores
• Modern Trade Units
• Online Retail

Opportunity

Increasing demand for organic and natural products is the most prominent opportunity in front of the cold pressed oil market.

A significant opportunity for the sector is the rising demand for natural and organic goods. Cold pressed oils can profit from this trend by highlighting their natural attributes to health-conscious consumers who are willing to pay a premium for better and more sustainable products. Cold pressed oils are made from naturally sourced and minimally processed substances.

The expansion of e-commerce and online retail presents another potential market for cold pressed oil manufacturers. These platforms give businesses access to new markets and a larger consumer base. By going digital, businesses may expand their consumer base beyond traditional brick-and-mortar locations.

Trends

Rise in plant-based diets and increasing popularity of ethnic cuisines.

One of the major trends in the market is an increasing preference for natural and minimally processed items. Customers are increasingly seeking out items free from synthetic ingredients and chemicals, and cold pressed oils are well-positioned to meet this need. Cold pressed oils are made with only natural ingredients and minimal processing, making them a popular choice among health-conscious consumers.

Furthermore, the cold pressed oil market is witnessing an uptick in plant-based diets. As more consumers shift toward plant-based diets for health or ethical reasons, the demand for cold pressed oils is on the rise. Another trend in this market is the growing popularity of ethnic cuisines that incorporate cold pressed oils such as olive oil, coconut oil, and sesame oil – key components in Mediterranean, Middle Eastern, and Asian recipes.

Regional Analysis

North America region dominates the market with a market share of 38%.

On the basis of regions, the North American region is dominant in the market with a market share of 38%. The North American market for cold pressed oil is driven by the growing interest in natural and organic products as well as plant-based diets. The US leads this regional trend with consumers favoring oils such as olive oil, coconut oil, and avocado oil.

On the European front, cold pressed oil sales have been buoyed by healthy lifestyle trends along with ethnic cuisine’s rising popularity. Countries like Spain, Italy, and Greece are major producers and consumers of cold pressed olive oil while Germany and the UK are major markets for cold pressed rapeseed oil.

The Asia-Pacific market for cold pressed oil is driven by an increasing desire for healthy and natural products as well as ethnic cuisines.

The Middle East & Africa market for cold pressed oil is being driven by the growing popularity of traditional ingredients and cuisines, as well as an increase in natural and healthy products.

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

The cold-pressed oil market is highly fragmented, featuring a multitude of small and medium-sized players operating across different regions. When it comes to market share, there is no dominant company; however, companies such as Spectrum Organics, Freshmill Oils, and Adams Group have established strong presences within their regions and are well-positioned to benefit from the rising demand for cold pressed oils.

Listed below are some of the most prominent cold pressed oil industry players.

Market 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
• Multi Technology
• Other Key Players

Recent Developments

• In March 2021: Freshmill Oils, the top seller of cold-pressed oils in India, revealed plans to expand its product line by bringing in new oils like apricot oil and black seed oil.
• In October 2020: South African business Afrinatural Holdings revealed the introduction of a new line of cold-pressed oils in October 2020. These oils will be made from locally sourced ingredients like marula and baobab.

Report Scope