Global Cottonseed Oil Market 2017-2021
About Cottonseed Oil
Cottonseed oil is a type of cooking oil extracted from the seeds of cotton plants. It has a similar structure to other oil seed such as sunflower seed. Cottonseed oil is used for making salads, mayonnaise, salad dressing, and similar products because of its flavor stability. Oil producers also use refining methods to extract a more uniform oil that has an extended shelf life. Few people prefer unrefined oil compared to the refined counterparts. In the process of refinement, oil often loses its nutrients and flavor, but refined oil is highly stable and resistant to high heat. With rising health awareness among consumers, the preference for cold pressed or unrefined oil has increased. Unrefined oil is made for low-heat food, so that it retains the smell and contents of the oil while cooking.
Technavio’s analysts forecast the global cottonseed oil market to grow at a CAGR of 2.81% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cottonseed oil market for 2017-2021. To calculate the market size, the report considers the sale of cottonseed oil to individual consumers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cottonseed Oil Market 2017-2021
Technavio recognizes the following companies as the key players in the global cottonseed oil market: Archer Daniels Midland, Bunge, Cargill, and Wilmar International.
Other Prominent Vendors in the market are: Gabani Industries, GEF India, Marico, PYCO Industries, Ruchi Soya Industries, Sun Agri Export Co., and Vimal Oil & Foods.
Commenting on the report, an analyst from Technavio’s team said: “One of the trends emerging in the market that will have a positive impact on the growth of the market during the forecast period is the availability of cold pressed cottonseed oil. The demand for cold pressed cottonseed oil is increasing among consumers, and it is expected to remain high during the forecast period. The players in the market are also coming up with new cold pressed cottonseed oil products. Cold pressing ensures that the product retains its natural antioxidants and natural odor and flavor. Cold pressing involves extracting the oils through pressing the fruits or seeds with a modern steel press. Although some heat is generating due to the friction, it is usually not high enough to damage the oil.”
According to the report, one of the major drivers for this market is wide use of cottonseed oil in various industries. Cottonseed oil is used for different applications in industries such as retail, food processing, and certain other industries, and for cosmetic applications. Since cottonseed oil has a high smoke point, it is usually used for deep frying and baking. It is used for making various food products such as potato chips and French fries. Also, cottonseed oil is a major ingredient in whipped toppings, margarine, shortenings, spreads, and icings due to its ability to form a beta prime crystal, which enables a consistent texture and appearance.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material price. Fluctuating price of raw material is one of the major challenges for vendors in the market. The fluctuation in the price is due to various reasons such as environmental factors, crop diseases, and others. A fluctuation in the price of raw materials will have an adverse impact on the growth of the market during the forecast period. Cotton production in the major cotton producing countries such as India and Pakistan is expected to decline during the forecast period. The cotton production in Pakistan is expected to decline by more than 30% during the forecast period.
Archer Daniels Midland, Bunge, Cargill, Wilmar International, Gabani Industries, GEF India, Marico, PYCO Industries, Ruchi Soya Industries, Sun Agri Export Co., and Vimal Oil & Foods.