Cottonseed Oil Market By Nature (Organic, Conventional), Material (Genetically Modified Cotton, Non-genetically Modified Cotton), End Use (Industrial, Cosmetics & Personal Care, Food Service Providers), Packaging (Bulk, Retail) & Region - Forecast to 2024 - 2034
Demand for cottonseed oil in the United States is projected to surge at 8.5% annually, aiming for a 17.5% global market share in 2024.
NEWARK, DE / ACCESSWIRE / July 22, 2024 / The cottonseed oil market value is expected to rise from USD 5,891 million in 2024 to USD 8,189 million by 2034. Global demand is set to surge at a CAGR of 6.8% over the next decade.
Growing focus on healthy eating is fueling the demand for cottonseed oil, which is well-aligned with this trend due to its inherent health-promoting properties. Cottonseed oil is widely used in culinary items, especially for frying.
The usefulness of cottonseed oil is not limited to the kitchen but includes cosmetics, pharmaceuticals, and biodiesel production. Diversified use of cottonseed oil is expected to broaden the market's scope and create a steadier product demand.
Surging consumer interest in cold-pressed cottonseed oil varieties as they retain the natural flavors and antioxidants appeals to health-conscious consumers. This is predicted to push demand for minimally processed options.
In the cosmetic sector, the use of cottonseed oil is prevalent in anti-aging, moisturizer, and anti-inflammatory products. Cottonseed oil has linolic acid, which diminishes the inflammation of hair and other areas. Thus, reducing dandruff and other hair-associated ailments of consumers.
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Key Takeaways from the Cottonseed Oil Market Report
The cottonseed oil market is set to total USD 8,189 million by 2034.
By application, the food processing industry is projected to acquire a share of 28% in 2024.
Based on packaging, the bulk category will likely obtain a value share of 38% in 2024.
India is projected to record a CAGR of 9.8% CAGR through 2034.
The United States is expected to progress at a CAGR of 8.5%.
In the United Kingdom, the industry is forecast to expand at a CAGR of 8.4%.
"Players are focusing on ethical and sustainable production practices and strengthening their distribution channels to increase their industry share," - says Nandini Roy Choudhury, Client Partner at Future Market Insights
Industrial End Users to Continue to Create Growth Opportunities for Cottonseed Oil Producers
By the end use segment, the cottonseed market will witness major contribution from the industrial segment. The industrial segment accounts for more than half the market share of cottonseed oil. The industrial segment is dominated by food processing industries, as 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 a frying and cooking oil.
Among the raw material segments, genetically-modified cotton is being used to increase the yield of cottonseed, and thus, increase the yield of its by-products. However, consumers are shifting towards products that are non-genetically modified, which is anticipated to change the market scenario for cottonseed oil production, increasing the growth of the non-genetically modified cottonseed oil segment.
Prospects for Quality Improvement of Cottonseed Oil
The quality of raw material used in the extraction of cottonseed oil is key in assuring high conversion, and thus, it is necessary to constantly check for the quality of the cotton used. The prominence of cottonseed oil in human nutrition is increasing, and the demand for this valuable commodity is growing day by day. Manufacturers of cottonseed oil are working towards the quality improvement of cottonseed oil by modifying its fatty acid profile through methods involving biotechnology and advanced breeding. Manufacturers are thus working towards increasing the quality and content of cottonseed oil, making the oil healthier, and making the cotton free from unwanted Gossypol content.
Who is Winning?
Cottonseed oil players are emphasizing the high monosaturated fats and low saturated fat content in the cottonseed oil. This is predicted to attract health-conscious buyers to cottonseed oil. Additionally, players are promoting the use of various applications of cottonseed oil in baked goods, salad dressings, and even pharmaceuticals and cosmetics. This versatility of cottonseed oil is projected to develop new market opportunities for participants.
Players are investing in strengthening their distribution channels to ensure that cottonseed oil is available on shelves and in easy access to consumers. Further, in regions with inflating disposable incomes, players are leveraging the affordability factor to increase their market share, especially in developing countries. Market contenders are focusing on sustainable cottonseed production methods to draw in environmentally conscious consumers.
Leading Cottonseed Oil Brands
Cargill
Archer Daniels Midland (ADM)
Bunge Limited
Louis Dreyfus Company
Wilmar International
Itoham Foods
Saraogi Oils
AGP Oils Pvt Ltd
Ventura Group
Vimal Oil & Foods
Industry Updates:
In September 2023, a doctoral student of Clemson University and a researcher at Cotton Incorporated commenced their work on developing designer cottonseed. This is after they received a grant from the United States Department of Agriculture. They will be developing a seed cotton and joint fiber production system to optimize the value of seed and lint.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides a thorough, detailed and unbiased analysis of the global cottonseed oil market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034.
The study provides compelling industry insights based on nature (organic and conventional), raw material (genetically modified cotton and non-genetically modified cotton), end use industrial, food service providers, and retail/ households), packaging (retail and bulk), and distribution channel (direct/B2B and indirect/B2C) across various regions.
Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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