The Global Cold Pressed Oil Market size was estimated to be USD 27.02 Billion in 2019 and is predicted to reach USD 44.78 Billion by 2030 with a CAGR of 4.7% from 2020-2030.
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Competitive Landscape :
The global cold pressed oil market is highly competitive and consists of numerous market players. Some of the major market players are market includes Archer-Daniels-Midland Company (ADM), Bunge Limited, Cargill Inc., China Agri-Industries Holdings Limited., Freshmill Oils, Lala Jagdish Prasad & Company (LALA GROUP), Multi Technology (Gramiyum), Naissance Trading, Statfold Oil Ltd., Wilmar International Ltd.
There have been various developments taking place in the market that further enhance the growth of cold pressed oil market on a large scale. For instance, in December 2019, O&3 launched range of new cold pressed oil for beauty solutions such as Onion Seed, which promotes hair growth and stimulates the scalp; Spinach Seed, for damaged and ageing skin; Cabbage Seed, high in vitamin C; Radish Seed, rich in omega-9 and fatty acids; and Coriander Seed, a high source of vitamin E, which also boasts antibacterial properties. Also, January 2020, Marico’s Cold Pressed Virgin Coconut Oil brand Coco Soul extended its product portfolio with a range of Coconut Spreads – Original and Cacao. The spreads are made with 100% natural ingredients and are preservative free making it a healthy choice for the health conscious, seeking a rich, creamy and indulgent taste.
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Market Segmentations and Scope of the Study:
The global cold pressed oil market share has been analyzed based on type, distribution channel, application and geography. Based on type, the market is segmented into coconut Oil, cottonseed oil, olive oil, palm oil, palm kernel oil, peanut oil, rapeseed oil, soybean oil, and sunflower seed oil. Based on application, the market is segmented into food industry, agriculture, and cosmetics and personal care industry. Based on distribution channel, the market is segmented into convenience stores, departmental stores, modern trade units, and online retail. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is estimated to witness highest adoption of cold pressed oil because of its health benefits and environment friendly characteristics. European market is estimated to show consistent growth due to the development in its food industry. Moreover, the market of Asia Pacific is estimated to show rapid growth with consistent increase in market share due to high nutritional value of cold pressed oil, coupled with enhanced taste & aroma. It is also a cholesterol free antioxidant.
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