Cold Pressed Oil Market in India Outlook 2023 | Price Trends, Demand, Industry Growth Till 2028

How Big is Cold Pressed Oil Market in India?

The India cold pressed oil market size reached INR 636 Million in 2022. Looking forward, IMARC Group expects the market to reach INR 907 Million by 2028, exhibiting a growth rate (CAGR) of 6.80% during 2023-2028.

The rising consumer awareness regarding the health benefits of cold pressed oil, widespread product utilization in Indian cuisines, and the implementation of various initiatives by the Government of India (GoI) represent some of the key factors driving the market.

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Factors Affecting the Growth of the India Cold Pressed Oil Industry:

• Sustainability and Environmental Consciousness:

The increasing awareness of environmental sustainability and ethical consumption is also driving the Indian cold pressed oil market. They are often seen as more sustainable and environmentally friendly compared to their refined counterparts. The cold pressing process is less energy-intensive and typically involves fewer chemicals, aligning with the growing consumer preference for eco-friendly products. Additionally, many cold pressed oil brands in India are integrating sustainable practices in their sourcing and production, such as using locally sourced, organic ingredients and employing eco-friendly packaging. This not only appeals to environmentally conscious consumers but also aligns with the global trend towards sustainable consumption.

• Supportive Government Initiatives and Start-up Culture:
The rising number of initiatives towards promoting healthy eating habits and supporting small-scale industries have positively impacted the cold pressed oil market. These policies are encouraging organic farming and the use of traditional agricultural practices, leading to increasing availability of high-quality raw materials for cold pressed oil production. Furthermore, the start-up culture in India, buoyed by government support and venture capital, has seen a rise in innovative businesses focused on health and wellness products, including cold pressed oils. These start-ups are not only increasing the availability of these products but are also actively involved in consumer education about the benefits of cold pressed oils.

• Health Awareness Among Consumers:

The growing shift towards a more health-conscious lifestyle is driving the demand for natural and minimally processed foods like cold pressed oils, known for retaining more nutrients compared to their refined counterparts. They are rich in antioxidants, vitamins, and essential fatty acids, which are crucial for maintaining a healthy diet. This demand is further fueled by the rising incidence of lifestyle diseases, such as obesity, diabetes, and heart ailments, where dietary choices play a pivotal role. The consumers are actively seeking out products that contribute to a healthier lifestyle, and cold pressed oils fit this criterion perfectly.

India Cold Pressed Oil Market Report Segmentation:

By Form:

• Core Oils
o Mustard Oil
o Groundnut Oil
o Coconut Oil
o Sesame Oil
o Castor Oil
o Others
• Soft Gel Oils
o Flaxseed Oil
o Fenugreek Oil
o Sesame Oil
o Kalonji Oil
o Others

Based on the form, the market has been divided into core oils and soft gel oils.

By Packaging Type:

• Bottles
• Cans
• Pouches
• Others

On the basis of packaging type, the market has been sorted into bottles, cans, pouches, and others.

By Pack Size:

• 1 Litre
• 5 Litres
• 500 mL
• Others

Based on the Pack Size, the market has been segmented into 1 Litre, 5 Litres, 500 mL, and others.

By Distribution Channel:

• Convenience Stores
• Supermarkets and Hypermarkets
• Online Stores
• Others

On the basis of distribution channel, the market has been segregated into convenience stores, supermarkets and hypermarkets, online stores, and others.

Regional Insights:

• North India
o Delhi NCR
o Uttar Pradesh
o Punjab
o Rajasthan
o Haryana
• South India
o Tamil Nadu
o Karnataka
o Kerala
• West & Central India
o Maharashtra
o Gujarat
o Madhya Pradesh
• East India
o West Bengal
o Bihar
o Jharkhand
o Others

Region wise, the market has been divided into North India, South India, West & Central India, and East India.

India Cold Pressed Oil Market Trends:

Manufacturers are introducing a wide range of cold-pressed oils made from various seeds and nuts, such as sunflower, sesame, flaxseed, and almond, among others. This diversification caters to different flavor preferences and addresses specific nutritional needs.

The rising number of e-commerce platforms is providing consumers with easy access to a wide selection of cold-pressed oils from the comfort of their homes. This trend is increasing the market reach and allowing smaller, niche cold-pressed oil producers to compete effectively. They provide a convenient avenue for consumers to compare products, read reviews, and make informed choices.

Leading Companies Operating in the Industry:

• Adani Wilmar Ltd.
• Mother Dairy Fruit & Vegetable Pvt. Ltd.
• Patanjali Ayurved Ltd.
• Cargill India Pvt. Ltd.
• Emami Agrotech Ltd.
• Pansari Group
• Dabur India Ltd.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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This release was published on openPR.