The global cottonseed oil market is expected to be valued at roughly USD 5.12 billion in 2022 and USD 6.87 billion by 2030, with a compound annual growth rate (CAGR) of approximately 3.75% between 2023 and 2030.
Cotton plants of several types, most notably Gossypium hirsutum and Gossypium herbaceum, are grown for cotton fiber, animal feed, and oil. Cottonseed oil is an edible oil derived from the seeds of cotton plants.
Cottonseed Oil Market: Overview
Cottonseed oil is a form of vegetable oil obtained from the seeds of the cotton plant, which is classified academically as a species of the genus Gossypium. Cotton is farmed largely for its fiber, but its seeds contain oil that can be extracted and used commercially via chemical or mechanical means. This oil can be recovered and used commercially. Cottonseed kernels must first be delinted in order for oil to be extracted from them. During this stage, the fibre-containing part of the seed is extracted. Following that, the residual kernels are subjected to either solvent extraction or a mechanical pressing process in order to create the oil, which is known to have a wide range of applications, particularly in the creation of food or culinary goods.
Read Related:
https://www.zionmarketresearch.com/news/global-cottonseed-oil-market
Cottonseed Oil Market: Growth Drivers
Cottonseed oil is projected to grow more popular as more people become aware of its health benefits.
The global market for cottonseed oil is expected to grow due to increased consumer awareness of the health benefits associated with the usage of oil produced from cotton seeds. Because of its low cholesterol content, this type of oil is particularly popular among health-conscious consumers. High cholesterol levels are widely recognized to have a deleterious influence on the function of both the heart and the brain. This is because excessive cholesterol levels produce fat deposits in blood vessels, which can lead to a stroke or heart attack. As individuals become more aware of the importance of maintaining a healthy diet in addition to healthy eating practices, there has been a significant increase in demand for better versions of commonly used food commodities such as oil. According to new data from the Centres for Disease Control and Prevention (CDC), nearly 25 million persons in the United States had total cholesterol levels higher than 240 mg/dL.
Cottonseed Oil Market: Segmentation
On a global basis, the cottonseed oil market may be divided into numerous categories, including packaging, end-user, type, raw material, and region.
Based on packaging, the global market can be divided into two sections: retail and bulk. The retail industry was selected to have the highest CAGR in 2022. This refers to the practice of selling items in more manageable proportions so that they can be enjoyed more readily and comfortably within the boundaries of a house. Cottonseed oil is sold in the retail sector in cans, bottles, and various other types of user-friendly packaging. They are available for purchase through a range of channels, including supermarkets, grocery stores, specialized food stores, internet platforms, and convenience stores. It also includes branding, usage instructions, nutritional information, and other components intended to draw further customers. Bulk packing, on the other hand, is more concerned with the commercial side of things. Bulk oil is supplied in larger amounts that are pre-packaged in tanker trucks, drums, and several other types of high-volume storage containers. Cotton is produced in excess of 25 million metric tonnes per year.
Cottonseed Oil Market: Regional Analysis
Asia-Pacific will have the fastest growth rate.
During the forecast period, Asia-Pacific is expected to lead the worldwide cottonseed oil market. This is mostly owing to considerable cotton cultivation in nations such as India, China, and Pakistan, among others. India is now one of the world’s leading producers of high-quality cotton and a significant exporter on the international market. Furthermore, in 2013, India became one of the leading producers of cottonseed oil in considerable quantities. In addition to a well-established home market, it exports the majority of its cottonseed oil to France, Germany, and South Korea. The oil is widely utilized in household cooking as well as in a variety of food and restaurant service units.
Cottonseed Oil Market: Competitive Analysis
The global cottonseed oil market is led by players like:
Cargill Inc.
Archer Daniels Midland Company (ADM)
Bunge Limited
Wilmar International Ltd.
Louis Dreyfus Company
Marico Limited
Richardson International Limited
J-Oil Mills Inc.
Savola Group
Shafi Cotton Ginning and Oil Mills
Pyramid Oil Mills
Agarwal Industries Pvt. Ltd.
Gokul Refoils and Solvent Ltd.
Vimal Oil & Foods Ltd.
Ruchi Soya Industries Ltd.
Adani Wilmar Limited
Ajinomoto Co. Inc.
The global cottonseed oil market is segmented as follows:
By Packaging
Retail
Bulk
By End-User
Food Service Providers
Industrial
Retail
Households
By Type
Conventional
Organic
By Raw Material
Non-Genetically Modified Cotton
Genetically Modified Cotton
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
Read Also:
https://www.linkedin.com/pulse/sap-digital-services-ecosystem-market-size-share-trend-rohit-patil/
https://www.linkedin.com/pulse/global-smart-air-purifiers-market-size-share-growth-forecast-goode/