A composite material for cold pressing comprising: carbon fibers that are unidirectional continuous fibers; and a thermoplastic resin, wherein the composite material has a thickness of 0.3 mm or more, when the composite material is observed from a direction perpendicular to a continuous fiber direction, a cross section of the carbon fibers included in the composite material satisfies Expression, and: n 1 / N ≤ 0.1 p < 0.01 and 0.001 ≤ 1 − dc / dr * Vr / 100 + df * Vf / 100 ≤ 0.1 wherein N represents the number of carbon fibers included in the composite material, n1 represents the number of carbon fibers in which less than 50% of the surface is covered with at least one of the thermoplastic resin and a sizing agent, p represents a ratio of the number of carbon fibers which are not substantially covered with any of the thermoplastic resin and the sizing agent, which refers to a ratio of the number of carbon fibers in which less than 10% of the surface is covered with at least one of the thermoplastic resin and the sizing agent, Vr represents a volume ratio (%) of thermoplastic resin included in the composite material, Vf represents a volume ratio (%) of carbon fibers included in the composite material, dr represents a density of thermoplastic resin, df represents a density of carbon fibers, and dc represents a density of the composite material. carbon fibers that are unidirectional continuous fibers; and a thermoplastic resin, wherein the composite material has a thickness of 0.3 mm or more, when the composite material is observed from a direction perpendicular to a continuous fiber direction, a cross section of the carbon fibers included in the composite material satisfies Expression, and: n 1 / N ≤ 0.1 p < 0.01 and 0.001 ≤ 1 − dc / dr * Vr / 100 + df * Vf / 100 ≤ 0.1 wherein N represents the number of carbon fibers included in the composite material, n1 represents the number of carbon fibers in which less than 50% of the surface is covered with at least one of the thermoplastic resin and a sizing agent, p represents a ratio of the number of carbon fibers which are not substantially covered with any of the thermoplastic resin and the sizing agent, which refers to a ratio of the number of carbon fibers in which less than 10% of the surface is covered with at least one of the thermoplastic resin and the sizing agent, Vr represents a volume ratio (%) of thermoplastic resin included in the composite material, Vf represents a volume ratio (%) of carbon fibers included in the composite material, dr represents a density of thermoplastic resin, df represents a density of carbon fibers, and dc represents a density of the composite material. wherein N represents the number of carbon fibers included in the composite material, n1 represents the number of carbon fibers in which less than 50% of the surface is covered with at least one of the thermoplastic resin and a sizing agent, p represents a ratio of the number of carbon fibers which are not substantially covered with any of the thermoplastic resin and the sizing agent, which refers to a ratio of the number of carbon fibers in which less than 10% of the surface is covered with at least one of the thermoplastic resin and the sizing agent, Vr represents a volume ratio (%) of thermoplastic resin included in the composite material, Vf represents a volume ratio (%) of carbon fibers included in the composite material, dr represents a density of thermoplastic resin, df represents a density of carbon fibers, and dc represents a density of the composite material.