The global cold-pressed oil market is experiencing steady growth, with a projected valuation of US$ 23,431.5 million in 2024 and an anticipated CAGR of 5.10% from 2024 to 2034, reaching approximately US$ 38,426.4 million by the end of 2034. This growth is driven by increasing awareness of health benefits, rising demand for natural and organic products, and the growing emphasis on sustainability.
Cold-pressed oils are witnessing a surge in demand as consumers prioritize healthier dietary choices. The gentle extraction process preserves essential nutrients, antioxidants, and flavors, making them preferable over refined oils. Additionally, eco-conscious consumers are drawn to the sustainable manufacturing practices associated with cold-pressed oils, further driving market demand.
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Growing Factors:
- Health Consciousness: The shift towards maintaining a wholesome diet, especially in light of the COVID-19 pandemic, has propelled the sales of cold-pressed oils. Consumers are increasingly seeking natural, nutrient-rich alternatives to refined oils to support their active lifestyles.
- Sustainability: The sustainable manufacturing process of cold-pressed oils appeals to environmentally conscious consumers. As the world moves towards greener practices, the demand for these oils is expected to rise, particularly in regions with a strong emphasis on environmental preservation.
- Cosmetics Industry: Cold-pressed oils are not only gaining traction in the food industry but also in the cosmetics and cosmeceutical sectors. Their natural and organic properties make them desirable ingredients in skincare, haircare, and personal care products, further expanding their market reach.
In addition to this, demand for cold-pressed oil along with demand for functional food products is also significantly increasing around the globe. This growing demand is leveraging the growth of cold-pressed oil, fortified edible oil and seed oils over the forecast period.
Key Takeaways from Market Study
- The cold-pressed oil market growth is expected to expand at a CAGR of 5.5% and 7.4% in Latin America and the Middle East & Africa, respectively through 2034.
- Among the type segment, palm oil is dominating the cold-pressed oil market trends holding more than 18% share in 2024 and it is expected to grow with a CAGR of 2.8% over the forecast period.
- Among the application segment, the food industry is dominating the cold-pressed oil market size holding more than 50% share in 2024 and it is expected to grow with significant CAGR of 3.6% over the forecast period.
- The B2B is dominating the distribution channel segment holding around 70% share in 2024 and it is expected to grow with CAGR of 3.6% which is likely to rise the sales of cold-pressed oil during the forecast period.
Competitive Landscape
NOW Foods, Mountain Rose Herbs, Aura Cacia, Pukka Herbs, Naissance, Banyan Botanicals, and Majestic Pure are some of the most prominent companies in the cold-pressed oil market. To cater to the demands of eco-conscious consumers and businesses, these brands are embracing eco-friendly practices right from sourcing to manufacturing and packaging.
These brands are also collaborating with social media influencers and fitness bloggers to market their products. Billions of dollars have been invested in the research and development of widening the applications of cold-pressed oils beyond the food and cosmetics industry.
Recent Developments
- In November 2023, Bharat Botanics announced the opening of India’s largest cold-pressed oil facility in Gondal, Rajkot Gujarat. The 16,000 square feet automated facility promoted 100% hygiene and transparency, meeting the rising demand for pure, chemical-free oils.
- In August 2023, Tata Consumer Products unveiled its foray into the lucrative cold-pressed oils market with the launch of Tata Simply Better Cold Pressed Oils. The premium range included four flavorful variants, each meticulously crafted to preserve nutrients and authentic taste.
- In October 2023, Orgatma Cold-Pressed Oils, led by a team of industry experts, revolutionized the culinary landscape by offering natural, chemical-free oils. Their mission empowered consumers with flavorful, health-enhancing options while prioritizing sustainability, education, and ethical practices.
Key Companies in the Market
- Orgatma Cold-Pressed Oils
- NOW Foods
- Mountain Rose Herbs
- Aura Cacia
- Pukka Herbs
- Naissance
- Banyan Botanicals
- Majestic Pure
- Dr. Adorable Inc.
- Plant Therapy
- Eden Botanicals
- Florihana
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Key Takeaways for Investors:
- Lucrative Growth Potential: With a projected CAGR of 5.10% and a market value expected to reach US$ 38.4 billion by 2034, the cold-pressed oil market presents significant investment opportunities for investors looking to capitalize on the health and sustainability trends.
- Consumer Trends: Understanding consumer preferences for natural, organic, and sustainable products is essential for investors. Companies that align with these trends and offer transparent sourcing and manufacturing practices are likely to attract greater market share and consumer trust.
- Market Expansion: The cold-pressed oil market is expanding beyond traditional culinary applications into the cosmetics and cosmeceutical sectors. Investors can explore partnerships and collaborations with brands targeting these industries to diversify their portfolios and tap into new revenue streams.
- Regional Growth Opportunities: Countries like India, Germany, and the United States exhibit promising growth potential for the cold-pressed oil market. Investors should consider market dynamics, consumer behavior, and regulatory environments in these regions when strategizing their investment decisions.
- Innovation and Differentiation: Companies investing in research and development to widen the applications of cold-pressed oils and differentiate their products in the market are likely to stay ahead of the competition. Investing in brands that prioritize innovation and offer unique value propositions can generate sustainable returns for investors.
Cold-Pressed Oil Market by Category
By Application :
- Food Industry
- Cosmetics and Personal Care Industry
- Agriculture
By Type :
- Peanut Oil
- Coconut Oil
- Rapeseed Oil
- Cottonseed Oil
- Soybean Oil
- Olive Oil
- Palm Oil
- Sunflower Seed Oil
- Palm Kernel Oil
By Distribution Channel :
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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