Global Cold Pressed Oil Market - 2023-2030
The Global Cold Pressed Oil Market reached US$ 28.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 43.9 billion by 2030. The market is expected to exhibit a CAGR of 5.7% during the forecast period 2023-2030.
In the process of pressing sun-dried oil seeds or nuts like groundnut, coconut, sesame, castor, sunflower, mustard or olives at room temperature, cold-pressed oils can be produced organically. The conventional cold pressing method is crushing the seeds or nuts and applying pressure to extract the oil without the use of any additional ingredients, preservatives or external heat.
The cold-pressed oil market is expanding primarily as a result of the high demand for cold-pressed oils from various applications, including animal feeds, food & beverages, and personal care. The cold-pressed oil market is also growing significantly as a result of the foods' great nutritional content and enhanced flavor.
Market DynamicsBenefits Associated With These Oils are Driving the Market Growth
Natural antioxidants from the kernel through which they were formed are present in cold-pressed oils. Oils produced by cold pressing are extracted at a room temperature of less than 49°C. The majority of the subtle color, flavor, and nutritional value of cold-pressed oils are retained. Additionally, cold-pressed oil is cholesterol-free and has no trans fatty acids. As a result, cold-pressed oil has attracted a lot of attention in recent years.
Without the use of preservatives, cold pressed oils have a shelf life of around 6 to 9 months. It has an odd flavor and is crucial to Asian cuisine. In terms of polyunsaturated fatty acids, it is a good source. The benefits associated with these oils are creating cold pressed market opportunities during the forecast period.
The Allergies That are Caused by Cold Pressed Oil are Restricting the Market Growth
The low productivity and consumer allergies brought on by products like soybean, rapeseed, coconut and others are predicted to impede the expansion of the cold-pressed oil market on a global scale. The expansion of the cold-pressed oil industry is also impacted by serious health conditions like itchy feet and hands, shortness of breath and nasal obstruction.
COVID-19 Impact AnalysisThe COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment AnalysisThe global cold-pressed oil market is segmented based on product type, application, distribution channel, and region.
The Palm Cold pressed Oil Segment Held the Largest Market Share
The global cold pressed oil market has been segmented by product type into coconut oil, olive oil, palm oil, soybean oil, peanut oil, sunflower seed oil, and others. The palm oil segment held the largest cold-pressed oil market share of 44.7% in 2022 in the cold pressed oil market analysis report.
The growth of the palm oil segment is a result of the health advantages provided to the customers, which include lowering cholesterol levels, improving brain health, and developing skin and hair, among other things. As a result, over the course of the forecast period, the palm oil segment is anticipated to have a substantial impact on the global cold-pressed oil market.
Geographical AnalysisRising Demand for Cold Pressed Oil in the North American Region
The North American cold pressed oil market held the largest market share of 42.4% in 2022 in the cold pressed oil market analysis. This is due to growing consumer awareness of the health benefits linked to the intake of cold-pressed oil, it is anticipated that the cold-pressed oil market will have the quickest growth over the course of the projected period.
Furthermore, the Environmental Protection Agency concluded that there is a reasonable assurance that ingesting cold-pressed oil residues won't cause any harm. The market for cold-pressed oil benefited from the influence of this statement as well.
Competitive LandscapeThe major global players in the market include Archer-Daniels-Midland Company, Bunge Limited, Cargill, Inc., China Agri-Industries Holdings Limited., Lala Jagdish Prasad & Company, Statfold Oil Ltd., Wilmar International Ltd., Lala's Group, FreshMill Oils and Dabur Ltd.
Global Recession/Ukraine-Russia War/COVID-19 and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
Attributable to the temporary closure of manufacturing facilities and sales channels around the world due to the COVID-19 outbreak, market sales and revenues have decreased. The market for cold-pressed oils has been greatly impacted by lockdowns, supply chain disruptions, demand destruction and changes in consumer behavior.
However, because of rising awareness of the advantages of cold-pressed oil, the market saw a beneficial influence during the epidemic. As consumers look for healthy food options to boost immunity, the rapid expansion of the food service industry has had an impact on the demand for cold-pressed oils.
Ukraine-Russia War Impact:
Certainly, for a brief period, the war between Russia and Ukraine hampered the possibilities of a COVID-19 pandemic-related global economic rebound. Economic sanctions on several nations, an increase in commodity prices and disruptions in the supply chain as a result of the conflict between these two nations have caused inflation in the prices of oil items and amenities and made an impact on numerous markets including cold-pressed oil markets throughout the world.
Why Purchase the Report?• To visualize the global cold pressed oil market segmentation based on product type, application, distribution channel and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of cold pressed oil market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available in Excel consisting of key products of all the major market players.
The Global Cold Pressed Oil Market Report Would Provide Approximately 93 Tables, 109 Figures and 190 Pages.
Target Audience 2023• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies