Cold-Pressed Coconut Oil Market Research, 2031
The global Cold-Pressed Coconut Oil Market Size was valued at $2.8 billion in 2021, and is projected to reach $5.6 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031. Cold-press extraction is one of the methods of mechanical extraction as well as requires less energy than other oil extraction techniques. Initially, this concept of extraction was used on vegetables and fruits to extract juices. Later on, this technique was used to extract oils as well. This concept is being used to retain the flavor, aroma, and nutritional value of food. Cold-pressed oils contain natural antioxidants of the seed from which they were produced. Furthermore, it eliminates all harmful effects that are born through conventional methods of oil extraction. In addition, it is environmentally friendly and is used to obtain high-quality oils by performing production at low temperatures using the cold press method. Cold-pressed coconut oil is safer than hot-pressed coconut oil and helps to avoid adverse effects caused by high temperature. Moreover, these oils have better nutritive properties than refined oils. However, low productivity and allergy to consumers caused by coconut oil is expected to restrict the growth of the cold-pressed coconut oil market globally. Moreover, major health issues such as itchy palms and feet, shortness of breath, and nasal blockage affect the cold-pressed oil market growth. These oils, on the contrary, provide a vital contribution toward a healthy life as they are non-refined, cholesterol-free, and free of any harmful solvent residues, which may eventually drive the global cold-pressed oil market. The impact of COVID-19 pandemic on the growth of global cold-pressed coconut oil was moderate in nature. The surge in demand for natural and organic products lead to increase in demand for cold-pressed coconut oil globally. On the other hand, shutdown of manufacturing and production units had negative impact on the Cold-Pressed Coconut Oil Market Growth.
The cold-pressed coconut oil market is segmented into Type, Distribution Channel, Application and Price Point.
The global Cold-Pressed Coconut Oil Market Size is segmented based on type, application, and distribution channel and price point. Depending on the type, the market is divided into virgin coconut oil and coconut RBD oil. By application, it is classified into the food industry, agriculture, and cosmetics & personal care industry. On the basis of the distribution channel, is divided into convenience stores, departmental stores, modern trade units, and online retail. On the basis of price point, it is bifurcated into premium and mass.
In 2021, the virgin coconut oil segment accounted maximum cold-pressed coconut oil market share. This is due to the health benefits it provides to the consumers such as reduction in cholesterol levels, boosts brain health, and improves skin and hair conditions, and others.
On the basis of application, the food industry dominated the cold-pressed coconut oil market in 2021 owing to its massive usage in cooking, marinating salads and dietary supplements. Moreover, in developed nations such as North America, people prefer virgin or cold-pressed coconut oil in their diet as it has clinically proven health benefits. Furthermore, it is anticipated to grow at the highest growth rate during the cold-pressed coconut oil market forecast period.
By distribution channel, the online retail segment is anticipated to grow at the highest growth rate. This is due to the convenience offered by online retailing. It reduces consumer search costs, making it easier to virtually compare different products and prices. In addition, online retail enables new distribution technologies that can reduce supply chain and distribution costs.
By price point, the premium cold-pressed coconut oil segment is predicted to grow at the fastest rate. Premium cold-pressed coconut oil is a product that comes with very secure, and immunity booster products for a little period of time.
In 2021, based on region, North America was the leading segment in the cold-pressed coconut oil market owing to a rise in health awareness among the population leading to a healthy lifestyle. Moreover, the growth in concern among people regarding a clean and pollution-free environment propels the growth of the cold-pressed coconut oil market in a developed nation such as North America. Health-conscious consumers adopt healthy eating practices. Products that contain functional nutrients and are beneficial for health, as a result, have gained wide acceptance all over the world. Cold-pressed coconut oils do not contain added chemicals and preservatives and also do not destroy linoleic acid tissue, and are more green and healthy. Hence, these factors are anticipated to drive the growth of the global Cold-Pressed Coconut Oil Industry during the forecast period.
Coconut oil that has been processed and extracted using solvents has little nutrients. Increased consumer knowledge of the drawbacks and negative impacts of consuming refined oil drives up demand for unrefined oil. Unrefined oil is defined as oil that is marketed as virgin, pure, and raw. Such oil is appropriate for consumption as well as tropical use because it undergoes low or no heating during processing. Customers also favor unrefined oil because of its high vitamin content, which is another factor. As a result of all these factors working together, demand for cold-pressed coconut oil has increased significantly over the world.
Despite being virgin and pure, cold-pressed coconut oil produces a very small amount of oil. Mechanical pressing or expeller pressing are both methods of extracting it. A process like this one of extraction has limited extractability, high energy consumption, labor-intensive operation, and expensive starting equipment costs. Additionally, solvent oil extraction—which offers greater extractability than mechanical pressing techniques—is the most used industrial extraction process. The market for cold-pressed coconut oil is expected to experience growth challenges during the forecast period as a result of these factors.
It has been observed that consumers who are concerned about their health are becoming more popular with raw, unrefined items. Extra virgin/cold pressed virgin coconut oils are used to enhance meals since they have clinically proved health advantages in developed countries. Additionally, coconut oil obtained using pressing processes is chemical-free and doesn't cause the emission of any pollutants that could be harmful to the environment. Despite having a global yield, cold-pressed coconut oil has higher quality standards in terms of cleanliness and nutrient content than oils obtained by solvent-based extraction. Such coconut oil is anticipated to provide manufacturers with attractive prospects to capture the largest possible market share in the upcoming years.
The primary driver of the global market's expansion is a shift in customer preferences toward virgin or cold pressed coconut oil as a result of rising obesity rates and the ailments it is associated with. In order to obtain clear, bland oil, industrial oil extraction processes expose seeds to extremely high temperatures. Additionally, this process alters the oil's flavor and scent while removing all of the oil's nutritional benefits. An oil will be less nourishing the more refined it is. Since cold-pressed coconut oil is raw, unadulterated, and packed with nutrients, consumers like it. Additionally, this oil is unrefined, totally free of trans fat, high in vitamin E, and rich in micronutrients that are essential for overall health. Thus, increased use of these oils fuels market expansion on a global scale.
Despite the fact that cold-pressed coconut oil has many advantages, excessive use might have negative consequences including itchy hands and feet, nasal blockage, shortness of breath, and other similar ones. Additionally, the market for cold-pressed coconut oil is constrained by the fact that some consumers have allergies to coconut oil. Furthermore, more people are expected to worry about high blood pressure, blood clots, and bleeding issues as cold-pressed coconut oil use increases. It is projected that all of these issues will impede the expansion of the global market.
The key players operating in the cold-pressed coconut oil market analysis focus on prominent strategies to overcome competition and to maintain as well as improve their cold-pressed coconut oil market share globally. The key players profiled in the Cold-Pressed Coconut Oil Industry report include Stadfold Oil Ltd, FreshMill Oils, Naissance Trading, Multi-Technology, The Health Home Economist, Lala Jagdish Prasad & Company(Lala Group), Archer-Daniels- Midland Company, Cargill, Bunge Limited, Wilmar International Ltd, and China Agri- Industries Holdings Limited.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cold-pressed coconut oil market analysis from 2021 to 2031 to identify the prevailing cold-pressed coconut oil market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cold-pressed coconut oil market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cold-pressed coconut oil market trends, key players, market segments, application areas, and Cold-Pressed Coconut Oil Market Demand.
Cold-Pressed Coconut Oil Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 5.6 billion |
 Growth Rate | CAGR of 7.1% |
 Forecast period | 2021 - 2031 |
 Report Pages | 245 |
 By Type |
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 By Distribution Channel |
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 By Application |
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 By Price Point |
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 By Region |
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 Key Market Players | FreshMill Oils, Naissance Trading, Cargill Inc., Statfold Oil Ltd., China Agri-Industries Holdings Limited., Wilmar International Ltd, Bunge Limited, Multi Technology (Gramiyum), Lala Jagdish Prasad & Company (LALA GROUP), Archer-Daniels-Midland Company (ADM) |
Analyst Review
According to the CXOs of the leading companies, shift in consumer preference toward healthy practices and change in cost dynamics have significantly boosted the demand for cold-pressed coconut oil in the food & beverage industry. In 2021, the virgin oil segment accounted for the highest share in the cold-pressed oil market, as use of palm oil reduces cholesterol levels, boosts brain health, and improves skin & hair texture.
Based on application, the food industry garnered the maximum share in 2021, and is anticipated to grow at the highest growth rate during the forecast period owing to massive usage of cold-pressed coconut oil in cooking and marinating salads. In addition, in developed nations, such as North America, people prefer virgin or cold-pressed coconut oil in their diet as it has clinically proven health benefits.
By distribution channel, the online retail segment is projected to grow at the highest growth rate, due to the convenience offered by online retailing. E-commerce aids in reducing consumer search costs, making it easier to virtually compare different products and prices. In addition, buying products through online retail channel minimizes the supply chain & distribution costs, as it eliminates the involvement of various intermediaries and middle men. Hence, customers receive their products at a lower price.
In 2021, region wise, North America led the cold-pressed coconut oil market, owing to increase in health awareness among the population. Oil extracted through solvent techniques releases hydrocarbons that are hazardous for humans, organisms, and environment. On the contrary, oil extracted through pressing techniques does not release any such pollutants and is pure. Hence, rise in concerns among people toward pollution-free environment propels the growth of the market in developed nations, such as North America.
The global cold-pressed coconut oil market was valued at $2,810.0 million in 2021 and is projected to reach $5,569.4 million by 2031, registering a CAGR of 7.1% from 2022 to 2031.
The forecast period in the cold-pressed coconut oil market report is 2022 to 2031.
The base year calculated in the cold-pressed coconut oil market report is 2021.
The top companies analyzed for global cold-pressed coconut oil market report are Stadfold Oil Ltd, FreshMill Oils, Naissance Trading, Multi-Technology, The Health Home Economist, Lala Jagdish Prasad & Company(Lala Group), Archer-Daniels- Midland Company, Cargill, Bunge Limited, Wilmar International Ltd, and China Agri- Industries Holdings Limited.
The virgin coconut oil segment is the most influential segment in the cold-pressed coconut oil market report.
North America holds the maximum market share of the cold-pressed coconut oil market.
The company profile has been selected on the basis of key developments such as partnership, product launch, merger and acquisition.
The market value of the cold-pressed coconut oil market in 2021 was $2,810.0 million.
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