Middle East & Africa Cold Pressed Oil Market Research Report: Forecast (2023-2028)

Market Definition

Cold press abstraction is one of the mechanical extraction methods, which requires relatively less energy than other oil extraction methods. Cold-pressed oils are manufactured naturally or extracted by crushing sun-dried oil seeds or nuts such as coconut, sesame, castor, groundnut, sunflower, mustard, or olive at room temperature. Being a traditional oil extraction method, it does not involve any additional elements, preservatives, or heat, thereby retaining the original nutritional values.

Market Insights & Analysis: Middle East & Africa Cold Pressed Oil Market (2023-28)

The Middle East & Africa Cold Pressed Oil Market is projected to grow at a CAGR of around 4.0% during the forecast period, i.e., 2023-28. Such considerable market ascension primarily attributes to the rising consumer consciousness relating to holistic well-being owing to the growing health and fitness awareness digital campaigns across the region. As such, consumers are constantly looking for products that may promote better health, which, in turn, has compelled food brands to bring more transparent products, going past ingredients, free-from status, and nutritional levels. Such rising propensity has furthered the sales of cold-pressed oils, thereby bolstering the market revenue during the forecast period.

Moreover, unlike hot-pressed, these oils downsize the adverse effects of high temperature and exhibit more enriching properties than refined oils as they are free from cholesterol or undesired solvent residues, promoting a healthy lifestyle. Besides, the environmental concern associated with the hot–pressed methods has again paved the way for the steady adoption of such sustainable and traditional extraction techniques, which, in turn, facilitates cold-pressed oil market expansion during the forecast period.

Apart from cooking, cold-pressed oils have also witnessed significant adoption in cosmetic and personal care products. It primarily attributes to the swift affinity for natural & herbal-based remedies for treating hair and skin issues. In fact, the market has received massive requirements for such kinds of oils by derma and medical products. These factors again seem to influence the market growth positively. Another factor likely to accelerate the market ascension during the forecast period is the large-scale adoption of cold-pressed oils in the numerous cuisines across the region.

Market Dynamics

Possible Restraint:  Need for Custom Equipment and Meticulous Techniques

Since cold-pressed oil production involves custom equipment and meticulous procedures, Vendors currently serving a specialized market are likely to witness a surge in production costs. This factor might compel the vendors to make a substantial shift in their strategies in order to sustain themselves in the market. The absence of appropriate and strategic planning might hinder the market growth during the forecast period.

Key Trends in the Middle East & Africa Cold Pressed Oil Market

• Growing Consumer Affinity for Natural Ingredients Alongside Traditional Extraction Methods

The recent explosion in consumers’ interest in natural and organic ingredients has called for more organic, non-GMO, natural, minimally processed, fortified, heart-friendly oils by manufacturers. In fact, companies are using these claims to highlight their products' uniqueness in order to draw consumers' attention and, in turn, amplify their revenues. Cold-pressed oils furnish an all-natural flavor and aroma to numerous industries, including cosmetics, food & beverage, animal feed, and home care, thereby bolstering the market growth.

Market Segmentation

Based on Product Outlook,

• Palm Oil
• Coconut Oil
• Groundnut Oil
• Rapeseed Oil
• Soybean Oil
• Others (Sunflower Oil, Castor Oil, etc.)

Here, Palm Oil is expected to attain a sizable share of the Middle East & Africa Cold Pressed Oil Market in the forecast period. It primarily ascribes to its low trans-fat content and affordable price range compared to its counterparts. Besides, the unparalleled benefits of palm oils, in terms of promoting mental health and delaying aging signs, have also encouraged the wide adoption of these oils in cosmetics products across the region. However, the palm oil industry needs to synchronize its current sustainability and development strategies with ‘future-oriented’ beyond standards and certifications in order to successfully penetrate new markets in the Middle East and Africa region.

Regional Projection

Geographically, the Middle East & Africa Cold Pressed Oil Market expands across:

• The UAE
• Saudi Arabia
• Qatar
• Egypt
• Turkey
• South Africa
• Rest of the Middle East & Africa

Based on regions, Saudi Arabia is anticipated to garner maximum attention during the forecast period, owing to the numerous advancements and projects proposed across the region. Saudi Arabia, witnessing the massive palm oil from Malaysia and Indonesia owing to their food industry requirements, is likely to emerge as an area of remunerative opportunity for market players seeking to make the most of these emerging needs. Besides, the widening sustainability vision across the region has called for more cold-pressed methods for extracting oils, particularly palm and olive oil. These goals comprise Saudi Arabia's vision 2030 for massive renewable energy production and the UAE’s Abu Dhabi Environment Vision 2030. The pet food and animal feed industry is the next big industry influencing the demand for cold-pressed edible oils such as palm oil, coconut oil, groundnut oil, rapeseed oil, sunflower oil, and many more in Middle-Eastern countries, primarily Saudi Arabia and the United Arab Emirates.

Recent Developments in the Middle East & Africa Cold Pressed Oil Market

• In 2022, LuLu Group International and the Malaysian Palm Oil Council have signed a Memorandum of Understanding(MoU) to boost Malaysia’s palm oil-based products adoption in the UAE by leveraging LuLu hypermarket’s retail network.
• Concepta Ingredients which specializes in providing natural solutions for the food & beverage industry has participated for the first time in the most renowned food event, Gulfood Manufacturing, in Dubai, United Arab Emirates. The company, which recently expanded in Dubai, highlights the cold-pressed vegetable oils range, which contains products made from sunflower, sesame, linseed, and safflower, launched in November 2022.

Gain a Competitive Edge with our Middle East & Africa Cold Pressed Oil Market Report

1. The Middle East & Africa Cold Pressed Oil Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3.  The Middle East & Africa Cold Pressed Oil Market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.