Cold Pressed Oil Market to Grow at 4.7% CAGR by 2030
Consistent growth of the food industry along with rising health awareness among population are expected to drive the growth of Cold Pressed Oil market during the forecast period.
Global Cold Pressed Oil Market is expected to grow at a CAGR of 4.7% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Initially, a long cylindrical apparatus known as 'ghani' was used to extract oil from oilseeds. But with the advancements in technology, cold pressing technique was introduced in 1983. It is used to extract oil from oilseeds such as sesame, olive and coconut. This technique does not use heat and thus enhances the taste of the extracted oil. It also retains the subtle color, nutritional value and cholesterol free oil. This method is environment friendly and more convenient.
According to the report, there has been a constant growth in cold pressed oil market owing to the rising application of cold pressed oil in the preparation of various cuisines. Also, increasing awareness about the benefits of cold pressed oil such as high nutritional value and enhanced flavor are estimated to propel the market growth. However, allergic reactions caused from few oil variants may hamper the growth of the market. Consequently, the rising inclination of people towards the food comprising of natural fruits and flavors is also expected to boost the market growth.
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. Coconut oil segment dominates the cold pressed oil market and will be dominant during the forecast period.
Based on application, the market is segmented into food industry, agriculture, and cosmetics and personal care industry. Food industry segment dominates the cold pressed oil market and will be dominant during the forecast period.
Based on distribution channel, the market is segmented into convenience stores, departmental stores, modern trade units, and online retail. Online retail segment dominates the cold pressed oil market and will be dominant during the forecast period.
North America holds the highest market size & share in the global cold pressed oil market during the forecast period, owing to its health benefits and preference towards eco-friendly processes. Europe is estimated to show consistent market growth due to development of its food industry. Moreover, the market of Asia – Pacific is estimated to show fastest growth due to expanding consumer base.
According to the report, some the key players in the global cold pressed oil market are 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.
Browse key industry insights from the report, “Cold Pressed Oil Market by Type (Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, and Sunflower Seed Oil), by Application (Food Industry, Agriculture, and Cosmetics and Personal Care Industry), by Distribution Channel (Convenience Stores, Departmental Stores, Modern Trade Units, and Online Retail)- Global Opportunity Analysis and Industry Forecast, 2020-2030” in detail along with the table of contents:
Key Insights from the Cold Pressed Oil Market Report:
- North America is the region holding the largest market share in global cold pressed oil market owing to rising health awareness.
- Coconut oil segment dominates the market growth in terms of types and is expected to grow at a significant CAGR to maintain the lead till 2030.
- Some of the major players in the market are 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.
- The report global cold pressed oil market– Segmented by type, application, distribution and geography.
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