GVR Report cover Cold Pressed Oil Market Size, Share & Trends Report

Cold Pressed Oil Market Size, Share & Trends Analysis Report By Product (Coconut Oil, Palm Oil, Ground Nut Oil, Rapeseed Oil, Soybean Oil, Sunflower Oil), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-939-2
  • Number of Pages: 78
  • Format: Electronic (PDF)

Report Overview

The global cold pressed oil market size was valued at USD 27.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2028. High demand for cold pressed oils from several applications that include personal care, food and beverages, and animal food are mainly driving the growth of the market. Additionally, high nutritional value, as well as improved flavor, is majorly contributing to the expansion of the market. Cold press abstraction is one of the procedures of mechanical extraction and requires minimum energy as compared to the other oil extraction methods. Cold pressed oils are manufactured naturally or extracted by devastating sun-dried oil seeds or nuts such as groundnut, coconut, sesame, castor, sunflower, mustard, or olive at normal temperature. The cold pressing method is a traditional method that includes crushing the seeds or nuts and forcing out the oil through pressure without adding any elements, preservatives, and external heat.

U.S. cold pressed oil market size, by application, 2019 - 2028 (USD Million)

Cold-pressed oils comprise natural antioxidants of the seed from which they were manufactured. Oils manufactured through cold-pressed are extracted in a room temperature setting under 49°C. Cold-pressed oils hold most of their subtle color, and flavor, along with the nutritional value. Additionally, cold pressed oil contains zero trans fatty acids as well as it is cholesterol-free. Thus, cold pressed oil has acquired large attention in the last couple of years.

The shelf life of the cold pressed oils is around 6 to 9 months without the inclusion of preservatives. It has a whacky flavor and plays an important role in Asian food. It is a good source of polyunsaturated fatty acids. Moreover, vitamin E and phenols, mostly gamma-tocopherol as well as the lignans sesamin and sesamolin exhibit plenty of biological actions. For cooking as well as dietary purpose, cold pressed oil is viewed as one of the healthiest food oil with many health benefits.

The COVID-19 pandemic is still changing the development of several industries, and the COVID-19 outbreak's immediate impact is varied. The impact of lockdowns, demand damage, supply chain disruptions, and changes in customer behavior had a considerable impact on the cold pressed oils market. The fast expansion of foodservice industry has played a substantial impact on the demand for cold pressed oils as customers are considering for healthy food choices to boost immunity.

Distribution Channel Insights

Hypermarkets & supermarkets distribution channel contributed the largest market share of around 45% in 2021 and is estimated to expand at a CAGR of 5.8% from 2022 to 2028. Hypermarkets & supermarkets have benefits such as personalized attention from the sales staff, no waiting for delivery, and quick returns among others. Well-developed distribution channel across the globe and the large preference of older demographics for in-store purchases compared to the younger generation are the factors that contribute more to the offline segment revenue generation.

Online distribution channel is expected to register the fastest CAGR of 6.5% from 2022 to 2028. This is owing to the ease offered by online selling. It decreases consumer search prices, making it easier to effectively compare various products and prices. In addition, online channel allows new distribution technologies that can decrease supply chain as well as distribution costs. Due to the benefits provided by the online distribution channel such as time-efficiency and efforts, lower prices or discounts, more variety, comparison options, etc., customers are using the online distribution channel more frequently thereby driving the market demand.

Product Insights

Palm oil segment dominated the cold pressed oil market and contributed a larger share of over 40.0% in 2021 and is expected to exhibit a higher CAGR of 5.9% from 2022 to 2028. This is owing to the health benefits offered to the customers that include a decrease in cholesterol levels, increases brain health, and develops skin and hair, and others. Thus, the palm oil segment is expected to contribute significantly to the global market over the forecast period.

Global cold pressed oil market share, by product, 2021 (%)

Soybean oil based segment is anticipated to grow at 2nd fastest CAGR of 5.8% from 2022 to 2028. The global soybean oil growth observed a stable increase in the recent decade, due to growing demand from the food industry. Soybean oil is also observing demand development for industrial use cases, where it is utilized in biodiesel production. Soybean oil is comparatively more economical as compared to other edible oils including olive oil, groundnut oil, and coconut oil. Thus, soybean oil segment is expected to register considerable growth over the forecast period.

Regional Insights

North America is estimated to witness a CAGR of 6.2% from 2022 to 2028. An increase in health awareness amongst the population resulting in a healthy lifestyle is expected to surge the growth of the market over the forecast period. Also, the concern among people about a clean as well as pollution-free environment is likely to drive the development of the market in a developed region like North America over the forecast period.

The Asia Pacific market holds over 40.0% share in 2021 and is expected to grow at 6.4% from 2022 to 2028. This is attributed to the easy availability of raw materials and lower labor cost. China, India, and Indonesia are largely contributing to the market. The high nutritious value of cold pressed oil, along with better taste & aroma led to the large use of cold pressed oil in the Asia Pacific region. Thus, the region generated the largest revenue in 2021.

Key Companies & Market Share Insights

The market is characterized by the presence of various well-established players and several small and medium players. Owing to the large advantages of cold-pressed seed oils, several companies are involved in the manufacture and supply of cold pressed seed oils. The usage of cold-pressed oil for skin cures has led numerous vendors to increase the production of this type of oil. GNC Holdings, Inc. and Blackmores Limited are the two firms that are likely to concentrate on the production of cold-pressed oils for the cosmetics industry. Some of the prominent players in the global cold pressed oil market include:

  • 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

Cold Pressed Oil Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 28.2 billion

Revenue forecast in 2028

USD 39.9 billion

Growth rate

CAGR of 5.7% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Germany; U.K.; Russia;  China; India; Indonesia; Brazil; Argentina; Turkey

Key companies profiled

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

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Segments Covered in the Report

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global cold pressed oil market based on product, distribution channel, and region:

  • Product Outlook (Revenue, USD Million, 2017 - 2028)

    • Coconut Oil

    • Palm Oil

    • Ground Nut Oil

    • Rapeseed Oil

    • Soybean Oil

    • Sunflower Oil

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

    • Hypermarkets & Supermarkets

    • Convenience Stores

    • Online

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • Russia

    • Asia Pacific

      • China

      • India

      • Indonesia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Turkey

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