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Cottonseed Oil Market Outlook: High product demand in the food processing industry

Author : Ronak Bora | Published Date : 2019-04-09 

Cottonseed Oil Market Report added by Global Market Insights, Inc. offers industry size, share, growth, trends and forecast analysis up to 2024. The market report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global cottonseed oil market and provides information regarding the revenue for the period 2017 to 2024.

Global Cottonseed Oil Market size will be driven by the products demand in food processing and other industrial processes. Growing awareness about the health benefits of the product will further augment the industry in the forecast period.

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The product is extracted from seeds of cotton and is an important by-product of the cotton industry. It is refined by various processes such as alkali refining, bleaching, winterization, hydrogenation, etc. The refining of the product is necessary because cottonseed contains a toxic named gossypol which cannot be metabolised by non-ruminant animals.

Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and oriental dishes, mayonnaise and spicy foods are some trending food products that will drive the cottonseed oil market.

Global cottonseed oil market is segmented according to raw materials into two main categories including genetically modified (GM) cotton and non-GM cotton. GM cotton is widely used all over the world due to increased yield and pest resistance. More than 75% of cotton grown in the U.S. is genetically modified. Due to growing concerns about health issues such as reproductive problems, digestive problems, allergic reactions, and organ disruption related to GM crops this segment may lose its market share in coming years.

By end users, global cottonseed oil market is segmented as retail, food processing, cosmetics and other applications. Retail segment has a significant share but will likely increase at a slow rate during the forecast period due to competition from other substitute oils. Food processing segment also has a substantial share which is expected to increase further in the coming years due to high demand for processed foods such as chips, french fries, etc.

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Global cottonseed oil market has been segmented in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific cottonseed oil market share is substantial with a high potential for growth due to high production of cotton and consumption of the oil as a low-cost alternative. China and India are the leading countries in this region.

Key manufacturers in the cottonseed oil market are 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, Cargill Incorporated, Gokul Refoils & Solvent Ltd, Maharashtra Solvent Extraction Ltd, Willmar International Ltd, Gelivi Group of Industries and Alice Cottonseed Oil Mill.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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