Cottonseed Oil Driven by Snack Food Manufacturing Industry and Rising Number of Restaurants, Market Growth By 2024

Cottonseed Oil Market

Cotton is used primarily in fiber and textile industries. The cottonseed is used to produce oil for oilseed cake and for human consumption. Oilseed cake is used as an animal feed. Cottonseed oil is usually pale yellow in color. Cottonseed oil is edible oil extracted from cotton plant seeds of various species, primarily Gossypium hirsutum and Gossypium herbaceum. It possesses low cholesterol, vitamin E, and antioxidant property. It is employed in manufacturing industries such as paints. It is also used in cooking to enhance the food taste. It is also used in salad dressings, mayonnaises, and salad oil owing to its flavor, stability, and high oxidation property.

Growth of snack food manufacturing industry and rising number of restaurants are likely to drive the global cottonseed oil market during the forecast period. Cottonseed oil is less expensive than other oils such as canola oil and olive oil. Increasing demand for fats and oils from cosmetics and soap manufacturing industries is estimated to augment the cottonseed oil market in the next few years. Light texture of cottonseed oil is projected to make its adoption preferable over other alternatives. Increasing environmental concerns regarding the use of pesticides are projected to propel the cottonseed oil market in the near future. Availability of various edible oils including coconut oil, soya bean oil, palm oil, corn oil, peanut oil, rapeseed oil, sesame oil, safflower oil, and sunflower oil is expected to restrain the market growth during the forecast period.

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The cottonseed oil market has been segmented on the basis of application and region. Based on application, the market has been segmented into personal care products, food, and others. The food segment accounts for a major share of the cottonseed oil market and is estimated to expand at a significant rate during the forecast period, due to growth of the food industry across the globe. Based on region, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

North America is a key market for cottonseed and is expected to witness significant growth during the forecast period. The U.S. contributes a major share of the market in North America, due to abundant availability of raw materials. Worldwide increase in demand for cosmetic products and introduction of new products by FMCG (fast-moving consumer goods) manufacturers are some of the factor responsible for substantial growth of the global cottonseed market. The factors are estimated to drive the market in the near future also.

Globally, the production of cottonseed oil is lower as compared to other, internationally traded edible oils. Two vegetable oils viz. palm oil and soybean oil accounted for more than 50% and 70% of the global oil output and exports, in 2015, respectively. In the Middle East, countries such as Uganda and Tanzania process the cottonseed oil, mostly for human consumption and as an animal feed. Therefore, Middle East & Africa is likely to offer lucrative opportunities for the cottonseed oil market during the forecast period.

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In 2009, restructuring scheme was introduced to support the investment in the ginning industry and promote the farmers’ participation in cotton quality scheme. Europe accounts for about 1% of the total cotton production across the globe in 2009. Although, in Europe, stringent regulations have been introduced to make the cotton sector economically viable, which is expected to positively influence the cottonseed oil market in the region from 2016 to 2024.  

In the European Union, cotton is primarily produced in countries such as Greece, Spain, and Bulgaria. Among these, Greece leads the region, followed by Spain and Bulgaria. Increasing cosmetics production and consumption along with rising living standards and disposable income are factors likely to fuel the Asia Pacific market for cottonseed oil. Developing countries in Asia Pacific such as China and India are likely to augment the market in the region in the near future, due to increasing population of the two countries.

Key players operating in the cottonseed oil market are Asha Cotton Industries, FEDIOL, Gokul Refoils & Solvent Ltd., Willmar International Ltd., Matangi Cotton Industries, Pyco Industries, and Oil Seeds International Ltd.

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