Cold Pressed Oil Market on the Rise, Forecasted to Hit US$ 34.91 Bn by 2031 - Persistence Market Research

The global cold pressed oil market is witnessing significant growth, with an estimated valuation of US$ 23.7 billion in 2024. The market is projected to expand at a compound annual growth rate (CAGR) of 4.6% during the forecast period, reaching a value of US$ 34.91 billion by 2031.

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Increasing Popularity of Vegetable, Nut, and Seed-Based Cold-Pressed Oils

The rising demand for vegetable, nut, and seed-based cold-pressed oils is primarily driven by their health benefits and environmentally friendly production methods. These oils retain essential nutrients such as vitamins, lecithin, phospholipids, and antioxidants, making them a preferred choice for food preparation, medicine, and cosmetics.

Expanding Application in Cosmetics and Personal Care

The cosmetics industry is increasingly incorporating cold-pressed oils due to their superior nutrient retention and natural formulation benefits. Oils like argan and jojoba are widely used in skincare and haircare products. For example, in June 2024, HPPY Skin introduced a skincare line featuring cold-pressed rosehip oil to cater to eco-conscious consumers.

Sustainability Trends Fueling Market Growth

Sustainable extraction processes align with the growing consumer preference for green and cruelty-free products. Emerging markets in the Asia Pacific region are experiencing a surge in demand due to urbanization, rising disposable income, and an increasing inclination towards natural products.

Key Market Trends and Highlights

Rising Demand for Organic and Chemical-Free Cooking Oils: Consumers are prioritizing clean-label products, fueling the adoption of organic and natural cooking oils.

Expanding Use in Cosmetics and Personal Care: Nutrient-rich cold-pressed oils are increasingly used in premium skincare and haircare products.

Plant-Based Diet Trends: The growing popularity of plant-based diets is boosting demand for vegetable and nut-based cold-pressed oils.

Ayurvedic and Traditional Practices: The rising adoption of holistic wellness approaches is driving the consumption of cold-pressed oils.

B2C Channels Leading Market Sales: B2C distribution channels are projected to hold a 57.4% market share in 2024 due to easy availability and accessibility.

Palm Oil Dominates the Market: Palm oil is expected to account for 38.5% of the market share in 2024 due to its health-conscious consumer base.

Regional Leadership: North America is estimated to hold an 18.5% share in 2024, while Asia Pacific leads with a projected 41.4% share.

North America Witnesses Rising Demand for Nutritious Cold-Pressed Oils

The North American cold pressed oil market is experiencing increased demand due to growing consumer preference for healthy substitutes rich in vitamins and antioxidants. The region is estimated to hold an 18.5% market share in 2024.

Online sales of cold-pressed oils surged by 25% year-over-year by October 2024, thanks to their availability through grocery stores, health food retailers, and e-commerce platforms. North America's market is anticipated to register a CAGR of 5.6% from 2024 to 2031, driven by an increasing emphasis on sustainable and minimally processed food products.

Asia Pacific Leads the Global Market with Traditional and Ayurvedic Influence

Asia Pacific dominates the global cold-pressed oil industry, accounting for 41.4% of the market in 2024. The region's strong demand is fueled by traditional cooking methods and increasing health awareness.

China, Japan, and India have significantly contributed to the rise in cold-pressed oil consumption due to their historical reliance on unprocessed oils. In September 2024, India recorded a 20% increase in cold-pressed oil sales following nationwide health benefit campaigns. The Asia Pacific market is projected to grow at a CAGR of 7.8% between 2024 and 2031, supported by evolving consumer preferences and a booming retail network.

Digitalization Drives Growth of B2C Distribution Channels

B2C distribution channels accounted for 57.4% of global cold-pressed oil sales in 2024. Consumers increasingly prefer online platforms and supermarkets due to the convenience of comparing prices, verifying product quality, and ensuring sustainability.

The rise of e-commerce platforms has played a significant role in expanding market reach. For instance, Amazon reported a 22% year-over-year increase in sales of health-focused oils, including cold-pressed varieties, in July 2024. Digital retail platforms are expected to continue enhancing accessibility and fostering trust among consumers.

Palm Oil Retains Market Leadership Due to Health Benefits

Palm oil remains a dominant segment in the cold-pressed oil market, with an estimated 38.5% share in 2024. This is attributed to its natural extraction process, high vitamin E and antioxidant content, and suitability for high-temperature cooking.

Sustainable sourcing practices have also contributed to the growth of the palm oil market. In April 2024, Cargill launched sustainably sourced cold-pressed palm oil certified by the RSPO, targeting environmentally conscious consumers.

Market Challenges: High Costs and Authenticity Concerns

Despite strong growth, the cold-pressed oil industry faces challenges, including high production costs, limited accessibility in price-sensitive regions, and concerns over authenticity. Unorganized market players in developing countries often introduce counterfeit or adulterated oils, eroding consumer trust.

A 2024 report by the Food Safety and Standards Authority of India highlighted a 15% rise in cases of adulterated edible oils, including cold-pressed varieties. In response, regulatory bodies and industry leaders are implementing stricter quality standards and traceability measures to ensure product authenticity.

Expanding Opportunities in Cosmetics and Ayurvedic Wellness

The growing demand for clean beauty and natural wellness products presents significant market opportunities. Cold-pressed oils are widely used in cosmetics, personal care, and traditional ayurvedic treatments for their healing and nourishing properties.

For instance, L'Oréal introduced a skincare line featuring cold-pressed rosehip oil in February 2024, emphasizing its rejuvenating effects. Additionally, Dabur launched a cold-pressed oil range inspired by Ayurveda, targeting holistic health-conscious consumers.

Competitive Landscape

Key market players are focusing on product innovation, sustainability initiatives, and strategic partnerships to maintain their competitive edge. Leading companies are investing in new product developments and expanding their distribution networks to cater to a growing consumer base.

Recent Developments:

Sahara Glow Expansion (November 2024): Egypt's Sahara Glow extended operations into the U.S., introducing natural healing creams and cold-pressed oils with ethical sourcing.

Raw Sugar Living Expansion (February 2024): The Los Angeles-based personal care brand entered the Canadian market with vegan and cruelty-free products made using Cold Press Technology.

Starbucks' Oleato Beverages (January 2024): Starbucks launched olive oil-infused coffee drinks across the U.S. and Canada, blending Partanna extra virgin olive oil with arabica coffee.

Tata Consumer Products Launch (August 2023): India's Tata Consumer Products introduced a range of cold-pressed oils under the brand 'Tata Simply Better.'

Cold Pressed Oil Market Segmentation

By Type:

Coconut Oil
Olive Oil
Sesame Oil
Peanut Oil
Sunflower Oil
Palm Oil
Soybean Oil
Others

By Distribution Channel:

B2B
B2C
Supermarkets/Hypermarkets
Specialty Stores
Convenience Stores
Online Retail
Others

By Region:

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

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This release was published on openPR.