According to the latest industry analysis, the market size for cold-pressed oil is estimated to be around US$ 23,431.5 million in 2024. It is projected to exhibit a CAGR growth of 5.10% over the forecast period, with an estimated market size of US$ 38,426.4 million by 2034.
In the last few years, various studies and research have suggested the ill effects of refined oils that are subjected to heat during the manufacturing processes. This has substantially pushed the demand for cold-pressed oils in the general population. More and more people are increasingly becoming aware of the importance of maintaining a wholesome diet.
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Refined oils lack sufficient calories for an active lifestyle, which is why cold-pressed oils are becoming more popular. Studies have shown that cold-pressed oils are rich in essential nutrients such as antioxidants, vitamins, lecithin, and phospholipids. This makes them a preferred choice over regular oils.
The cosmetic and cosmeceutical industry has also contributed to the growth of the cold-pressed oil market. More people are choosing natural and organic alternatives for skincare and haircare products. Cold-pressed oils are considered ideal for this purpose, making them a popular choice in the booming industry.
Fitness enthusiasts are promoting the nutritional benefits of cold-pressed oils, which is creating new opportunities for manufacturers. Apart from this, eco-conscious consumers are also getting drawn to cold-pressed oils due to their sustainable manufacturing process. This demand is driving the future growth of the cold-pressed oil market, especially in environmentally conscious countries.
“Cold-pressed oils are being increasingly adopted in the cosmetics and cosmeceutical industry. These are used to formulate various skincare products such as serums, moisturizers, cleansers, etc. Shampoos and hair conditioners are also being curated using these oils,” opines an FMI analyst.
Key Takeaways from the Market Study
- The palm oil segment dominates the cold-pressed oil market with a share of 35.80% in 2024.
- Based on application, the food industry leads the cold-pressed oil industry with a share of 67.00% in 2024.
- The cold-pressed oil industry in China is anticipated to progress at a CAGR of 0.90% through 2034.
- The cold-pressed oil industry in Germany is estimated to rise at a 3.70% CAGR through 2034.
- The cold-pressed oil industry in the United States has the potential to increase at 2.10% CAGR through 2034.
- The Japan cold-pressed oil industry is predicted to rise by 1.40% CAGR through 2034.
- The cold-pressed oil market in India is likely to surge at a CAGR of 4.80% through 2034.
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Competitive Landscape
The cold-pressed oil market is dominated by prominent companies such as NOW Foods, Mountain Rose Herbs, Aura Cacia, Pukka Herbs, Naissance, Banyan Botanicals, and Majestic Pure.
- These companies are catering to the rising demand for eco-friendly practices and adopting sustainable sourcing, manufacturing, and packaging measures.
- They are also collaborating with social media influencers and fitness bloggers to promote their products to eco-conscious consumers and businesses.
- Billions of dollars have been invested in research and development to expand the applications of cold-pressed oils beyond the food and cosmetics industry.
Recent Developments:
- Bharat Botanics opened India’s largest cold-pressed oil facility in Gondal, promoting hygiene and transparency in November 2023.
- Tata Consumer Products launched Tata Simply Better Cold Pressed Oils, a premium range of four flavorful variants, in August 2023.
- Orgatma Cold-Pressed Oils, in October 2023, revolutionized the culinary landscape with natural, chemical-free oils, promoting sustainability, education, and ethical practices.
Cold-Pressed Oil Market by Category
By Application :
- Food Industry
- Cosmetics and Personal Care Industry
- Agriculture
By Type :
- Peanut Oil
- Coconut Oil
- Rapeseed Oil
- Cottonseed Oil
- Soybean Oil
- Olive Oil
- Palm Oil
- Sunflower Seed Oil
- Palm Kernel Oil
By Distribution Channel :
- B2B
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Retail Stores
- Online Retail
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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