According to the recent study the cottonseed oil market is projected to grow at a CAGR of 2%-4% from 2020 to 2026. Growth in this market is primarily driven by demand in food processing and other industrial processes, and growing awareness about the health benefits, and low price of cottonseed oil.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in cottonseed oil market by raw material type (non-genetically modified cotton, and genetically modified cotton), distribution channel (offline, online), end-users (food processing, retailers, cosmetics, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Genetically modified cotton market is expected to remain the largest segment during the forecast period.”
Based on raw material type, the cottonseed oil market is segmented into non-genetically modified cotton, and genetically modified cotton. Lucintel forecasts that the genetically modified cotton market is expected to remain the largest segment during the forecast period because it is used to increase the yield of cottonseed, and thus, increase the yield of its by-products. More than 75% of cotton grown in the U.S. is genetically modified.
“Within the cottonseed oil market, the food processing segment is expected to remain the largest end use industry”
Based on end users, the food processing segment is expected to witness the largest segment because cottonseed oil is used in various applications and products, including bakery & confectionery, margarines, icings and whipped toppings, salad dressings, and is more importantly used as frying and cooking oil.
“Asia-Pacific will dominate the cottonseed oil market in near future”
Asia-Pacific is expected to be the largest region over the forecast period due to high production of cotton and consumption of the oil as a low-cost alternative and the consistent demand for cottonseed oil, owing to the fact that, China and India are the largest producers of cottonseed oil, due to the abundance of cottonseed production in these countries and also the surging demand for cottonseed oil.
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Major players of cottonseed oil market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Archer Daniels Midland Company, Louis Dreyfus, Matangi Cotton Industries, Asha Cotton Industries, Oil Seeds International Ltd, Bunge Limited, Swarna Industries Limited, Adani Wilmar, Pyco Industries, and Cargill Incorporated are among the major cottonseed oil providers.
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