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Cold Pressed Oil Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends
Cold Pressed Oil Global Market Report 2024
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According to The Business Research Company's, The cold pressed oil market size has grown strongly in recent years. It will grow from $31.38 billion in 2023 to $34.45 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to natural extraction process, health consciousness, culinary applications, traditional and artisanal methods, sustainability and environmental concerns, local and small-scale production.
The cold pressed oil market size is expected to see strong growth in the next few years. It will grow to $49.63 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to functional food demand, plant-based diet movement, e-commerce growth, rising culinary exploration, functional ingredients in the food industry, emergence of new oil varieties. Major trends in the forecast period include integration with technology, sustainable and eco-friendly production practices, packaging innovations, transparent labeling and authenticity, innovation in blends.
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Market Drivers and Trends:
The rise in health awareness among individuals is expected to propel the cold-pressed oil market growth going forward. Awareness-raising is the process that seeks to inform and educate people about a topic or issue with intention of influencing their attitudes, behaviors, and beliefs toward the achievement of a defined purpose or goal. People nowadays have started to become more aware of their health, especially when it comes to good food hygiene and certain lifestyle choices. Cold-pressed oil can be used for cooking, and it is best for foods cooked on low/medium heat. Cold-pressed oils provide health benefits in addition to meeting basic nutritional requirements. They are functional products that contain a variety of bioactive substances. Aside from nutritional and health benefits, cold-pressed oils also improve skin and add flavor to food. For instance, according to The Barbecue Lab, a US-based barbecue restaurant, in 2022, 93% of Americans want to eat healthily, and 63% of consumers say they try to eat healthy food most or all the time. Therefore, the rise in health awareness among individuals is driving the growth of the cold-pressed oil market.
The development of innovative processes has emerged as a key trend gaining popularity in the cold-pressed oil market. Major companies operating in the cold-pressed oil market are focused on developing new technological solutions to strengthen their position. For instance, In April 2022, Botanic Innovations, a U.S.-based producer of highly specialized oils and powders from some of the most nutritious plants in the world, launched the NatureFRESH Cold Press Process, a naturally gentle and sustainable process. All their seed oils and powders are extracted using this gentle, all-natural process. The NatureFRESH Cold Press processes the yields of seed oils in their purest form-no chemicals, no solvents, and no preservatives. Cool processing temperatures help to preserve the natural characteristics and powerful nutritional benefits of the seeds.
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Major Key Players of the Market:
Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Bunge Limited, Flora Inc., Dabur Limited, Lala Group, Adams Group, The Hain Celestial Group Inc., China Agri-Industries Holdings Limited, Marico Limited, Ventura Foods LLC, Olitalia S.r.l., Max Care, Columbus Vegetable Oils, DiSano Foods, Eden Foods Inc., Arya Farm, KTC Edibles Limited, Nature's Basket Ltd., Borges International Group S.L., Majestic Pure Cosmeceuticals, Statfold Seed Oils Ltd., Naissance Trading & Innovation Ltd., Gramiyum Wood Pressed Oils, FreshMill Oils, The Healthy Home Economist LLC, Anjali Sesame Oils, Sundrop, Pristine Oils, Tridge Inc., Borges India Private Limited, Pure & Sure Organic LLP, VegiDay, Emami Agrotech Limited, Moulin Mahjoub
Cold Pressed Oil Market 2024 Key Insights:
• The cold pressed oil market size is expected to see strong growth in the next few years. It will grow to $49.63 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Health Awareness Driving Growth In Cold-Pressed Oil Market
• Emergence Of Innovative Processes In Cold-Pressed Oil Market
• Asia-Pacific was the largest region in the cold pressed oil market in 2023
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