Cold-Pressed Coconut Oil Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Cold-Pressed Coconut Oil Market is segmented By Source (Dry Coconut, Wet Coconut) By Type (Virgin Coconut Oil, Coconut RBD Oil) By Nature (Conventional, Organic) By Price Point (Premium, Mass) By Distribution Channel (Convenience Store, Departmental Store, Online Retail, Others) By Application (Food Industry, Agriculture, Cosmetics and Personal Care Industry) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Cold-Pressed Coconut Oil Market reached US$ 3.10 billion in 2023 and is expected to reach US$ 5.53 billion by 2031, growing with a CAGR of 7.5% during the forecast period 2024-2031.

Cold-pressed oils often align with the desire for transparency and sustainability with their simple processing method. The surge in demand for natural and organic products is the major driving factor for the market growth. As consumers become more aware of the potential benefits of cold-pressed oils in general, and the unique properties of coconut oil specifically, the demand for these products is rising continuously.

Cold-pressed coconut oils have better nutritive properties than refined oils and they are also environmentally friendly. The health and wellness industry actively promotes cold-pressed coconut oil, highlighting its various uses and potential health benefits. Endorsements from celebrities and influencers promoting healthy lifestyles and natural products further drive consumer interest in cold-pressed coconut oil.

The versatility of cold-pressed coconut oil expands its market reach. For consumers interested in natural products, cold-pressed coconut oil can be a substitute for chemically loaded options in cooking, skincare, or other applications. In February 2022, Dabur India Ltd, India’s leading ayurvedic and natural health care company announced the launch of cold-pressed virgin coconut oil. Dabur Virgin Coconut Oil is 100% Natural, it can be used for cooking and also for skin & hair health and as a massage oil.

Market Scope

For more details on this report - Request for Sample

Market Dynamics

Benefits Associated with Cold-Pressed Oils

Cold-pressing extracts oil from seeds and nuts using mechanical pressure without excessive heat. This method helps retain more natural vitamins, minerals, and antioxidants compared to traditional extraction methods using solvents or high temperatures, gaining health-conscious people's attention. Cold-pressed oils often have a richer, more natural flavor and aroma compared to processed oils. This is particularly appealing to consumers seeking high-quality cooking ingredients.

Consumers are increasingly interested in healthy and natural products. Cold-pressed oils are perceived as a healthier alternative to refined oils due to their potential nutrient content and minimal processing. The rise of the natural and organic movements has led to a growing demand for products made with minimally processed ingredients. The rise in demand for cold-pressed oils is positively driving the market growth.

Versatility of Cold-Pressed Coconut Oil

Cold-pressed coconut oil is a popular cooking oil due to its high smoke point, making it suitable for various cooking methods like stir-frying, sauteing, and baking. Additionally, its unique flavor profile can enhance dishes. Beyond cooking, cold-pressed coconut oil's properties make it useful for other purposes, expanding its market reach in multiple sectors including skincare and haircare, dietary supplements and others.

Its moisturizing properties make it a popular natural ingredient in beauty products and commercially available lotions and makeup removers. Some consumers use cold-pressed coconut oil as a dietary supplement due to the presence of MCTs, which some believe offer health benefits. They also have applications as a lubricant or biofuel. The versatility of cold-pressed coconut oil allows consumers to use a single product for various needs, potentially appealing to consumers and driving its market growth.

High Production Costs and Allergic Concerns

Cold-pressing extracts oil mechanically using pressure, which is a less efficient method compared to solvent extraction used in refined coconut oil production. This results in a lower yield of oil per coconut, limiting the overall supply of cold-pressed coconut oil. Lower production output results in higher production costs per unit of oil. The higher prices for consumers restrict market growth.

In addition, the allergic reactions associated with the coconut also hinder the market growth to some extent. For instance, according to data released on August 2023, by the Annals of Allergy, Asthma & Immunology organization respective to their survey, 0.39% of the responses from responses from 78,851 individuals of US general population were categorized as having convincing coconut allergy.

Segment Analysis

The global cold-pressed coconut oil market is segmented based on source, type, nature, price point, distribution channel, application and region.

Better Nutritional Benefits of Virgin Cold-Pressed Coconut Oil

The global cold-pressed coconut oil market is segmented based on type into virgin coconut oil and coconut RBD oil. The virgin cold-pressed coconut oil segment accounted for the largest share of the global market. Virgin coconut oil is minimally processed, extracted using only mechanical pressure and often at low temperatures. This helps retain more nutrients, flavour and aroma. It possesses a richer, fresher coconut taste and aroma compared to more processed options.

Consumers often associate virgin coconut oil with a wider range of potential health benefits. The virgin coconut oil contains a higher content of lauric acid, which offers some health benefits like boosting metabolism and supporting immunity. Virgin coconut oil's superior quality and perceived health benefits often command a higher price point compared to other coconut oil types. This premium image can be attractive to some consumers.

Geographical Penetration

Increasing Health Consciousness Among North American Consumers

North America dominated the global cold-pressed coconut oil market with the increased consumer focus on healthy intake and rapidly increasing disposable incomes. Consumers of this region, particularly US and Canada, possess higher disposable income allowing them to spend more on premium products like cold-pressed coconut oil, boosting the market growth.

The region has a trend towards healthy living and natural products. Consumers are interested in the potential health benefits associated with cold-pressed coconut oil, such as its unique fatty acid profile and perceived role in weight management and reduction of other health issues. According to data released by the American Heart Association about the Heart Disease and Stroke Statistics - 2023, cardiovascular disease remains the leading cause of death in United States, accounting for 928,741 deaths in the year 2020.

Further, according to the New York State Department of Health data revised in March 2024, about 695,000 people die of heart disease in United States every year. CVD accounted for 27% of all deaths statewide in 2021. Stroke kills almost 159,000 Americans each year. With the increasing cardiovascular diseases, the preference for oil containing low cholesterol and minimal fat content is increasing in North America, driving the market growth in this region.

Competitive Landscape

The major global players in the market include FreshMill Oils, Gramiyum, Nutiva Inc., Nature's Way Brands, NOW Health Group, Inc., Orgrain India Pvt. Ltd., Garden of Life, Vama Oil Private Limited, The Naissance Trading & Innovation Company Ltd and Aadhunik Ayurveda Vitals.

COVID-19 Impact Analysis

The COVID-19 pandemic lockdowns limited labour and resource availability and has impacted the production of cold-pressed coconut oil. The lockdowns and travel restrictions have disrupted the global supply chain for coconut oil, potentially impacting exports from major producers and affecting product availability in some regions. The halt in product and distribution of the products affected the market expansion and caused economic disturbances in the market.

The pandemic increased consumer interest in products perceived to boost immunity and provide health advantages. The rise in consumer awareness regarding coconut oil's potential health benefits improved product sales in the market. The rise in demand for natural and organic products in food and personal care products has improved the market sales with its greater applications in various sectors.

Key Developments

• In August 2023, Tata Consumer Products announced its entry into the rapidly growing category of cold-pressed oils with the launch of a range of 100% pure and unrefined cold-pressed oils under its brand Tata Simply Better. The new range includes virgin cold-pressed coconut oil, cold-pressed groundnut oil, mustard oil and cold-pressed mustard oil.
• In February 2023, House of Veda, a health and wellness company, introduced organic cold-pressed oils rich in natural antioxidants to support bodily health as well as organic pulses.
• In February 2022, Dabur India Ltd, India’s leading ayurvedic and natural health care company announced the launch of cold-pressed virgin coconut oil. Dabur Virgin Coconut Oil is 100% Natural, it can be used for cooking and also for skin & hair health and as a massage oil.

Why Purchase the Report?

• To visualize the global cold-pressed coconut oil market segmentation-based source, type, nature, price point, distribution channel, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of cold-pressed coconut oil market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global cold-pressed coconut oil market report would provide approximately 86 tables, 79 figures and 228 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies