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DUBLIN--(BUSINESS WIRE)--Sep 14, 2022--
The "Cold Pressed Oil Market Size, Share & Trends Analysis Report by Product (Coconut Oil, Palm Oil, Ground Nut Oil, Rapeseed Oil, Soybean Oil, Sunflower Oil), by Distribution Channel, by Region, and Segment Forecasts, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The global cold pressed oil market size is expected to reach USD 39.9 billion by 2028, registering a CAGR of 5.7% from 2022 to 2028.
Large requirement for cold pressed oils from numerous applications such as food and beverages, personal care, animal feed, and others is majorly driving the development of the market. Moreover, high nutritional value along with the better flavor is mostly contributing to the growth of the market. Main health problems such as itchy palm and foot, nasal blockage, and shortness of breath are likely to hamper the growth of the market. A growing number of applications of cold-pressed oils generate numerous opportunities for the development of the market.
Palm oil segment dominated the market and contributed to a larger revenue share of over 40.0% in 2021. This is attributed to the health benefits it provides to the customers such as a drop in cholesterol level, increases brain health, glowing skin and hair, and others. Thus, palm oil segment is expected to contribute considerably to the global market.
The hypermarkets & supermarkets segment accounted for a market revenue of around 45.0% in 2021 and is expected to register a CAGR of 5.8% from 2022 to 2028. Well-developed distribution channels all over the globe and the preference of older demographics for in-store buying compared to the younger generation are the aspects that contributed largely to the more segment revenue generation. Thus, the hypermarkets & supermarkets segment generated large revenue in the market.
The Asia Pacific contributed over 40.0% revenue share in 2021. Some of the top countries such as China, India, and Indonesia are majorly contributing to the market. The high nutritious value of cold pressed oil, as well as enhanced taste and aroma, led to the large use of cold pressed oil in the Asia Pacific. Thus, Asia Pacific generated the largest revenue in 2021.
Proteco Oils is one of the top manufacturers of cold-pressed oils internationally. The company uses a development model based on partnerships with inter-regional entities. Proteco Oils has newly hit a contract to ship huge sizes of cold-pressed oils to the Chinese grocery stores. In 2018, the company had sent some of the test shipments for the peanut as well as tree nut oils to China. Support from the Chinese government can encourage other regions to expose their market to overseas trade in cold-pressed oils.
Cold Pressed Oil Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Cold Pressed Oil Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Cold Pressed Oil Market: Product Estimates & Trend Analysis
Chapter 6. Cold Pressed Oil Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Cold Pressed Oil Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Analysis
Chapter 9. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/xchkt4
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/14/2022 07:33 AM/DISC: 09/14/2022 07:33 AM
http://www.businesswire.com/news/home/20220914005554/en