Stratistics MRC¿¡ µû¸£¸é ¼¼°è ¸é½ÇÀ¯ ½ÃÀåÀº 2023³â 44¾ï ´Þ·¯·Î ¿¹Ãø ±â°£ µ¿¾È CAGR 5.2%·Î ¼ºÀåÇÏ¿© 2030³â¿¡´Â 63¾ï ´Þ·¯¿¡ ´ÞÇÒ °ÍÀ¸·Î ¿¹»óµË´Ï´Ù.
¸é½ÇÀ¯´Â ¸ñȾ¾¿¡¼ ÃßÃâÇÑ ½Ä¹°¼º ±â¸§ÀÔ´Ï´Ù. ÀºÀºÇÑ ¸À°ú ¿¶Àº ³ë¶õ»öÀ» ¶ì°í ÀÖ½À´Ï´Ù. ¸é½ÇÀ¯´Â ´Ù¾çÇÑ ¿ä¸®¿Í »ê¾÷¿ëÀ¸·Î »ç¿ëµË´Ï´Ù. ½Ä¿ëÀ¯, »ø·¯µå µå·¹½Ì, ¸¶°¡¸° Á¦Á¶¿¡ »ç¿ëµË´Ï´Ù. ºñ´©, ÈÀåǰ ¹× ±âŸ ÆÛ½º³ÎÄɾî Á¦Ç°µµ ¸ñȾ¾ ¿ÀÀÏ·Î ¸¸µé¾îÁý´Ï´Ù. ¸é½ÇÀ¯´Â Æ÷ÈÁö¹æ»êº¸´Ù ´ÜÀÏ ºÒÆ÷ÈÁö¹æ»êÀÌ ¸¹°í, ´ÜÀÏ ºÒÆ÷ÈÁö¹æ»ê ³óµµ°¡ ³ô½À´Ï´Ù. ¶ÇÇÑ ÆäÀÎÆ®, ¹Ù´Ï½Ã, ·¡Ä¿, ¿¡³ª¸áÀÇ ¿ø·á·Îµµ »ç¿ëµË´Ï´Ù.
SEA¿¡ µû¸£¸é ÇöÀç ÀεµÀÇ ¸é½ÇÀ¯ »ý»ê·®Àº À¯Ã¤À¯, Äá±â¸§¿¡ ÀÌ¾î ¾à 12¸®ÅÍ¿¡ ´ÞÇÕ´Ï´Ù.
½Ä»ýȰÀÌ °¡Àå Áß¿ä½ÃµÇ´Â ½Ã´ë¿¡ ¼ÒºñÀÚµéÀº ¿µ¾ç°¡°¡ ³ôÀº ½Ä¿ëÀ¯¸¦ ã°Ô µÇ¾ú½À´Ï´Ù. ¸é½ÇÀ¯´Â Æ÷ÈÁö¹æ»ê ÇÔ·®ÀÌ »ó´ëÀûÀ¸·Î ³·°í ½ÉÀå¿¡ ÁÁÀº ºÒÆ÷ÈÁö¹æ»êÀÇ ºñÀ²ÀÌ ³ô±â ¶§¹®¿¡ ÀÌ·¯ÇÑ ½Ä½À°ü º¯È¿Í Àß ¾î¿ï¸³´Ï´Ù. ¶ÇÇÑ ¸é½ÇÀ¯¿¡´Â ºñŸ¹Î E¿Í °°Àº õ¿¬ Ç×»êÈ ¹°ÁúÀÌ ÇÔÀ¯µÇ¾î ÀÖ¾î °Ç°ÇÑ ¼±ÅÃÀ¸·Î ´õ¿í ¸Å·ÂÀûÀÔ´Ï´Ù. ÀÌ·¯ÇÑ °Ç° ÁöÇâÀûÀÎ ½Ä¿ëÀ¯¿¡ ´ëÇÑ ¼ö¿ä Áõ°¡´Â ¸é½ÇÀ¯°¡ °Ç° ÁöÇâÀûÀÎ ¼ÒºñÀڵ鿡°Ô ¸Å·ÂÀûÀÎ ´ë¾ÈÀ¸·Î ÀÚ¸® ÀâÀ¸¸ç ´Ù¿ëµµ ½Ä¿ëÀ¯ ¼±ÅÃÀ¸·Î ½ÃÀå¿¡¼ÀÇ Ã¤Åðú ¼ºÀå¿¡ ¹ÚÂ÷¸¦ °¡Çϰí ÀÖ½À´Ï´Ù.
¸é½ÇÀ¯¿¡´Â ¹Î°¨ÇÑ »ç¶÷¿¡°Ô ¾Ë·¹¸£±â ¹ÝÀÀÀ» ÀÏÀ¸Å³ ¼ö ÀÖ´Â ´Ü¹éÁúÀÌ Æ÷ÇԵǾî ÀÖ½À´Ï´Ù. ¾Ë·¹¸£±â À¯¹ß¹°Áú Ç¥½Ã ±ÔÁ¦°¡ °ÈµÇ¾î Á¦Á¶»ç°¡ Á¦Ç°¿¡ ÇÔÀ¯µÈ ¾Ë·¹¸£±â À¯¹ß¹°ÁúÀ» ¸í½ÃÇϵµ·Ï Àǹ«ÈµÊ¿¡ µû¶ó ÀÌ Á¡ÀÌ ¿ì·ÁµÇ°í ÀÖ½À´Ï´Ù. ¸é½ÇÀ¯´Â ¾Ë·¹¸£±â ¹ÝÀÀÀ» ÀÏÀ¸Å³ ¼ö Àֱ⠶§¹®¿¡ ´Ù¾çÇÑ ½Äǰ¿¡ ¹èÇÕÇÏ´Â °ÍÀÌ º¹ÀâÇØÁ® ¼ÒºñÀÚ¿Í Á¦Á¶¾÷ü ¸ðµÎ ÁÖÀúÇϰí ÀÖ½À´Ï´Ù. °Ç° ÁöÇ⼺ÀÌ ³ô¾ÆÁö°í ¼ÒºñÀÚµéÀÌ ¼ººÐ Ç¥½Ã¿¡ ´ëÇØ ´õ¿í ½ÅÁßÇØÁü¿¡ µû¶ó ¸é½ÇÀ¯¿¡ ´ëÇÑ ½ÃÀå ¼ö¿ä´Â ºÎÁ¤ÀûÀÎ ¿µÇâÀ» ¹ÞÀ» ¼ö ÀÖ½À´Ï´Ù.
±ÕÇü ÀâÈù Áö¹æ»ê ±¸¼º°ú õ¿¬ Ç×»êÈÁ¦ µî ¸ñȾ¾ ¿ÀÀÏÀÇ ¿µ¾çÇÐÀû °¡Ä¡¸¦ È«º¸ÇÏ´Â È¿°úÀûÀÎ ¸¶ÄÉÆÃ Àü·«Àº ¼ÒºñÀÚµéÀÌ Á¡Á¡ ´õ °Ç°°ú À£ºùÀ» ¿ì¼±½ÃÇÏ´Â ½ÃÀå¿¡¼ ¼º°øÇÒ ¼ö ÀÖ½À´Ï´Ù. ¿µ¾ç»ç, À¯¸íÀÎ ¹× ±âŸ Àü¹®°¡¿Í Çù·ÂÇÏ¿© ¿ÀÀÏÀÇ °Ç°»óÀÇ ÀÌÁ¡À» È«º¸ÇÏ¸é ¿ÀÀÏÀÇ ¸í¼ºÀ» ³ôÀÌ°í °í°´ÀÇ ½Å·Ú¸¦ ³ôÀÏ ¼ö ÀÖ½À´Ï´Ù. ¶ÇÇÑ ººÀ½, ±¸ÀÌ, ¿ä¸® µî ´Ù¾çÇÑ ¿ä¸® ¿ëµµ¸¦ °Á¶ÇÏ¸é ±× ¸Å·ÂÀÌ ´õ Ä¿Áú ¼ö ÀÖ½À´Ï´Ù. ¼Ò¼È ¹Ìµð¾î¿Í µðÁöÅÐ Ç÷§ÆûÀ» Ȱ¿ëÇÏ¸é ´õ ¸¹Àº »ç¶÷µé¿¡°Ô ¿ÀÀÏÀÇ ÀÌÁ¡À» ¾Ë¸®°í »ç¿ëÀ» ÃËÁøÇÒ ¼ö ÀÖÀ» °ÍÀ¸·Î º¸ÀÔ´Ï´Ù.
¼ÒºñÀÚµéÀÌ ´Ù¾çÇÑ ½Ä¿ëÀ¯ ¼±ÅñÇÀ» ¿ä±¸ÇÔ¿¡ µû¶ó ½ÃÀåÀº Äá±â¸§, ÇØ¹Ù¶ó±âÀ¯, Ä«³î¶óÀ¯ µî ´Ù¾çÇÑ ´ëüǰ°úÀÇ °æÀï¿¡ Á÷¸éÇØ ÀÖ½À´Ï´Ù. ÀÌ·¯ÇÑ ´ëü ¿ÀÀÏÀº °íÀ¯ÇÑ ¿µ¾ç ÇÁ·ÎÇʰú dz¹Ì Ư¼ºÀ» Á¦°øÇϸç, Á¾Á¾ ƯÁ¤ ¿ä¸® ¼±È£µµ¸¦ ÃæÁ·½ÃŰ´Â °æ¿ì°¡ ¸¹½À´Ï´Ù. ¶ÇÇÑ, ÀÌ·¯ÇÑ ´ëü ¿ÀÀÏÀÇ ¸¶ÄÉÆÃ ³ë·Âµµ ±× Àα⿡ ÇѸòÀ» Çϰí ÀÖ½À´Ï´Ù. ÀÌ·¯ÇÑ ´ëü ¿ÀÀÏÀÇ Ç³ºÎÇÑ ¼±ÅÃÀº ¸ñȾ¾ ¿ÀÀÏÀÇ ½ÃÀå ÁöÀ§¸¦ À§ÇùÇϰí ÀÖÀ¸¸ç, ¸ñȾ¾ ¿ÀÀÏÀº Â÷º°È¸¦ ÅëÇØ °íÀ¯ÇÑ Ç°ÁúÀ» È«º¸ÇØ¾ß ÇÏ´Â °úÁ¦¸¦ ¾È°í ÀÖ½À´Ï´Ù.
COVID-19´Â ¸é½ÇÀ¯ ½ÃÀå¿¡ Å« º¯È¸¦ °¡Á®¿Ô½À´Ï´Ù. À¯Åë°ú Á¶´ÞÀÌ Áߴܰú Á¦ÇÑÀ¸·Î ÀÎÇØ À¯Åë°ú Á¶´ÞÀÌ Áß´ÜµÇ°í °ø±Þ¸Áµµ È¥¶õ½º·¯¿öÁ³½À´Ï´Ù. ¼ÒºñÀÚ ÇൿÀÇ º¯È·Î ÀÎÇØ ¼ö¿ä ÆÐÅÏÀÌ ¹Ù²î°í, °¡Á¤½Ä ¿ä¸®¿¡ ´ëÇÑ °ü½ÉÀÌ ³ô¾ÆÁö¸é¼ ¼Ò¸Å ÆÇ¸Å¿¡ ¿µÇâÀ» ¹ÌÃÆ½À´Ï´Ù. ¸ÅÀå Æó¼â·Î ÀÎÇØ ¿Ü½Ä ¹× Á¢°´¾÷ÀÇ ¼ö¿ä°¡ °¨¼ÒÇϰí, ´ë·® ±¸¸Å¿¡µµ ¿µÇâÀ» ¹ÌÃÆ½À´Ï´Ù. ¶ÇÇÑ Àü¿°º´Àº °Ç° ¹®Á¦¿¡ ´ëÇÑ °ü½ÉÀ» ºÒ·¯ ÀÏÀ¸ÄÑ ¸é½ÇÀ¯ ¹× ±âŸ °Ç°ÇÑ ½Ä¿ëÀ¯¿¡ ´ëÇÑ °ü½ÉÀ» ºÒ·¯ ÀÏÀ¸Ä×½À´Ï´Ù. Ãʱâ Àå¾Ö¹°¿¡µµ ºÒ±¸ÇÏ°í ½ÃÀåÀº ȸº¹·ÂÀ» ¹ßÈÖÇÏ¿© °í°´ÀÇ ÃëÇâ º¯È¿¡ ÀûÀÀÇÏ°í °Ç° ±â´É¿¡ ÃÊÁ¡À» ¸ÂÃ߱⠽ÃÀÛÇß½À´Ï´Ù.
¿Ü½Ä »ê¾÷ ºÎ¹®Àº À¯¸®ÇÑ ¼ºÀå¼¼¸¦ º¸ÀÏ °ÍÀ¸·Î ¿¹»óµË´Ï´Ù. ¸é½ÇÀ¯´Â Áß¼ºÀûÀÎ ¸À, ³ôÀº ¹ß¿¬Á¡, ´Ù¾çÇÑ Á¶¸® Ư¼ºÀ¸·Î ÀÎÇØ ¿Ü½Ä »ê¾÷¿¡¼ Æ¢±è, ººÀ½, ±¸ÀÌ ¿ä¸®¿¡ ÀÚÁÖ »ç¿ëµË´Ï´Ù. Àú·ÅÇÑ °¡°ÝÀ¸·Î ±¸ÀÔÇÒ ¼ö Àֱ⠶§¹®¿¡ ·¹½ºÅä¶û, Ä«Æä, ÄÉÀÌÅ͸µ ¼ºñ½º¿¡¼ ³Î¸® »ç¿ëµÇ°í ÀÖ½À´Ï´Ù. ¼ÒºñÀÚÀÇ ÃëÇâÀÌ °Ç° ÁöÇâÀûÀ¸·Î º¯ÈÇÔ¿¡ µû¶ó ¿Ü½Ä¾÷°è´Â ´Ù¸¥ ±â¸§¿¡ ºñÇØ Æ÷ÈÁö¹æ»ê ÇÔ·®ÀÌ ³·Àº ¸é½ÇÀ¯¸¦ ¼±ÅÃÇÏ´Â °æ¿ì°¡ ¸¹½À´Ï´Ù. ÀÌ ºÎ¹®ÀÇ °íǰÁú ½Ä¿ëÀ¯¿¡ ´ëÇÑ ¼ö¿ä´Â ¸é½ÇÀ¯ ½ÃÀå ¿ªÇÐ ¹× ¼Òºñ ÆÐÅÏ¿¡ Å« ¿µÇâÀ» ¹ÌĨ´Ï´Ù.
À¯±â³ó ºÎ¹®Àº ¿¹Ãø ±â°£ µ¿¾È °¡Àå ºü¸¥ CAGR·Î ¼ºÀåÇÒ °ÍÀ¸·Î ¿¹»óµË´Ï´Ù. À¯±â³ó ¸é½ÇÀ¯´Â ÇÕ¼º »ìÃæÁ¦, ºñ·á, À¯ÀüÀÚ º¯Çü ÀÛ¹°À» ÇÇÇϴ ģȯ°æÀûÀÎ ¹æ½ÄÀ¸·Î »ý»êµË´Ï´Ù. À¯±â³ó ¸é½ÇÀ¯´Â ´õ °Ç°Çϰí Áö¼Ó°¡´ÉÇÑ ¼±ÅÃÀ» ¿øÇÏ´Â ¼ÒºñÀÚµéÀ» À§ÇÑ Á¦Ç°ÀÔ´Ï´Ù. À¯±â³ó ¸é½ÇÀ¯´Â ÈÇÐÀû ÀÜ·ù¹°ÀÌ ¾ø´Â Á¦Ç°À» Á¦°øÇÔÀ¸·Î½á ÀÚ¿¬ÀûÀÌ°í ´ú °¡°øµÈ ½Äǰ¿¡ ´ëÇÑ ¼ö¿ä Áõ°¡¿¡ ´ëÀÀÇϰí ÀÖ½À´Ï´Ù. À¯±â³ó ºÐ¾ß´Â ¶ÇÇÑ È¯°æ Ä£ÈÀûÀÎ ³ó¹ýÀ» Áö¿øÇÏ¿© Åä¾çÀÇ °Ç°°ú »ý¹° ´Ù¾ç¼ºÀ» ÃËÁøÇÕ´Ï´Ù. °Ç°°ú Áö¼Ó°¡´É¼º¿¡ ´ëÇÑ ÀνÄÀÌ ³ô¾ÆÁü¿¡ µû¶ó À¯±â³ó ¸é½ÇÀ¯¿¡ ´ëÇÑ ¼ö¿ä°¡ È®´ëµÇ¾î ½ÃÀå¿¡ ¿µÇâÀ» ¹ÌÄ¡°í º¸´Ù Ã¥ÀÓ°¨ ÀÖ´Â ³ó¹ýÀ» Àå·ÁÇϰí ÀÖ½À´Ï´Ù.
¿¹Ãø ±â°£ µ¿¾È ºÏ¹Ì ¸é½ÇÀ¯ ½ÃÀåÀº źźÇÑ ½Äǰ »ê¾÷, °Ç°ÇÑ ½Ä½À°ü¿¡ ´ëÇÑ °ü½É Áõ°¡, ´Ù¾çÇÑ ½Äǰ¿¡ ¸é½ÇÀ¯ »ç¿ëÀ¸·Î ÀÎÇØ ½ÃÀå Á¡À¯À²ÀÇ ´ëºÎºÐÀ» Â÷ÁöÇÒ °ÍÀ¸·Î ¿¹»óµË´Ï´Ù. ºÒÆ÷ÈÁö¹æ°ú °ü·ÃµÈ °Ç°»óÀÇ ÀÌÁ¡¿¡ ´ëÇÑ ÀνÄÀÌ ³ô¾ÆÁü¿¡ µû¶ó ¸é½ÇÀ¯ÀÇ ÀúÆ÷ÈÁö¹æ ÇÔ·®Àº °Ç° ÁöÇâÀûÀÎ ¼ÒºñÀڵ鿡°Ô ¸Å·ÂÀûÀÔ´Ï´Ù. ¶ÇÇÑ, ºÏ¹Ì Áö¿ªÀÇ È°¹ßÇÑ ½Äǰ °¡°ø ºÎ¹®Àº ´Ù¾çÇÑ Á¦Ç°ÀÇ ¿ø·á·Î ¸é½ÇÀ¯¸¦ Æ÷ÇÔÇÑ ½Ä¿ëÀ¯¿¡ ´ëÇÑ ¼ö¿ä¸¦ Áõ°¡½Ã۰í ÀÖ½À´Ï´Ù. ¸éÈ Àç¹èÀÇ ¿ª»ç°¡ ÀÖ´Â ºÏ¹Ì¿¡¼ ¸é½ÇÀ¯ »ý»êÀº ¾ÈÁ¤ÀûÀÎ °ø±Þ¿¡ ±â¿©ÇÏ¸ç ½ÃÀå ¿ªÇп¡ ¿µÇâÀ» ¹ÌÄ¡°í ÀÖ½À´Ï´Ù.
¾Æ½Ã¾ÆÅÂÆò¾çÀº Àα¸ Áõ°¡, ½Ä½À°ü º¯È, ½Äǰ °¡°ø »ê¾÷ÀÇ È®´ë·Î ÀÎÇØ ¿¹Ãø ±â°£ µ¿¾È °¡Àå ³ôÀº CAGRÀ» º¸ÀÏ °ÍÀ¸·Î ¿¹»óµË´Ï´Ù. ÀÌ Áö¿ª¿¡¼´Â µµ½ÃÈ¿Í ¼Òµæ ¼öÁØ Áõ°¡·Î ¸é½ÇÀ¯¸¦ Æ÷ÇÔÇÑ ½Ä¿ëÀ¯ ¼Òºñ°¡ Áõ°¡Çϰí ÀÖ½À´Ï´Ù. ¸é½ÇÀ¯´Â ´Ù¾çÇÑ ½Äǰ¿¡ »ç¿ëµÇ¾î ¼ö¿ä¿¡ ±â¿©Çϰí ÀÖ½À´Ï´Ù. ¶ÇÇÑ Áß±¹, Àεµ µîÀÇ ±¹°¡´Â ÁÖ¿ä ¸éÈ »ý»ê±¹À¸·Î¼ ¸ñȾ¾ ¿ÀÀÏÀÇ 1Â÷ ¿ø·áÀÎ ¸ñȾ¾¸¦ ¾ÈÁ¤ÀûÀ¸·Î °ø±Þ¹Þ°í ÀÖ½À´Ï´Ù. °æÁ¦ ¼ºÀå°ú ½Ä·® »óȲÀÇ º¯È·Î ÀÎÇØ ¸é½ÇÀ¯ ½ÃÀå¿¡¼ ¾Æ½Ã¾ÆÅÂÆò¾çÀÇ ¿µÇâ·ÂÀº ¼Òºñ¿Í »ý»ê ¸ðµÎ¿¡¼ ¾ÕÀ¸·Îµµ °è¼Ó Ä¿Áú °ÍÀ¸·Î ¿¹»óµË´Ï´Ù.
According to Stratistics MRC, the Global Cottonseed Oil Market is accounted for $4.4 billion in 2023 and is expected to reach $6.3 billion by 2030 growing at a CAGR of 5.2% during the forecast period. Cottonseed oil is a vegetable oil extracted from cotton plant seeds. The oil has a faint taste and has a pale yellow tint. It may be found in a range of culinary items as well as in some industrial uses. It is employed in the production of cooking oils, salad dressings, and margarine. Soap, cosmetics, and other products for personal care are also made from cottonseed oil. It has more monounsaturated fatty acids than saturated fatty acids, with a higher concentration of the former. It is also used to make paints, varnishes, lacquers, and enamels.
According to SEA, the current production of cottonseed oil in India is about 12 lakh tonnes (lt), next to rapeseed oil and soyabean oil.
In an era where dietary considerations hold paramount importance, consumers are progressively seeking cooking oils that offer a favorable nutritional profile. Cottonseed oil, with its relatively low saturated fat content and a higher proportion of heart-healthy unsaturated fats, resonates well with these evolving dietary preferences. Additionally, the presence of natural antioxidants, such as vitamin E, within cottonseed oil further enhances its appeal as a healthier option. This increased demand for edible oils that align with health-conscious choices positions cottonseed oil as an attractive alternative for health-conscious consumers, spurring its adoption and growth in the market as a versatile cooking oil option.
The oil contains proteins that can trigger allergic reactions in sensitive individuals. This becomes a concern as allergen labeling regulations have become more stringent, obligating manufacturers to clearly indicate allergens in their products. Cottonseed oil's potential to cause allergic responses complicates its inclusion in various food items, deterring both consumers and manufacturers. As health-consciousness grows and consumers become more cautious about ingredient lists, the market demand for cottonseed oil might be adversely affected.
Effective marketing strategies that promote cottonseed oil's nutritional qualities, such as its balanced fatty acid composition and natural antioxidants, can be successful in a market where customers are prioritizing health and wellbeing more and more. To advertise the health advantages of the oil, working with dietitians, celebrities, or other specialists can increase the oil's reputation and boost customer confidence. Additionally, highlighting its numerous culinary uses in frying, baking, and cooking might increase its attractiveness. Utilizing social media and digital platforms may help to reach a larger audience, inform them of the benefits of the oil, and promote its use.
As consumers seek diverse edible oil options, the market faces competition from a wide range of alternatives such as soybean oil, sunflower oil, and canola oil. These substitutes offer their own unique nutritional profiles and flavor characteristics, often catering to specific culinary preferences. Additionally, the marketing efforts of these substitute oils contribute to their popularity. This abundant choice of alternatives poses a challenge to cottonseed oil's market position, compelling it to differentiate and showcase its distinct qualities.
The COVID-19 epidemic caused substantial alterations in the cottonseed oil market. Distribution and procurement were hampered by lockdowns and limitations, which also disrupted supply chains. A shift in consumer behavior caused shifting demand patterns, and a greater emphasis on making meals at home had an impact on retail sales. Due to closures, there was less demand in the foodservice and hospitality industries, which had an effect on bulk buying. The epidemic also brought attention to health issues, sparking interest in cottonseed oil and other healthier cooking oils. Despite initial obstacles, the market proved resilient, adjusting to changing customer tastes and placing a focus on health features.
The food service providers segment is expected to have a lucrative growth. Cottonseed oil's neutral flavor, high smoke point, and versatile cooking properties make it a popular choice for deep frying, sauteing, and baking in the foodservice industry. Its affordability and availability contribute to its widespread use in restaurants, cafes, and catering services. As consumer preferences shift towards healthier options, food service providers often opt for cottonseed oil due to its lower saturated fat content compared to some other oils. This segment's demand for quality cooking oils significantly influences the cottonseed oil market's dynamics and consumption patterns.
The organic segment is anticipated to witness the fastest CAGR growth during the forecast period. Organic cottonseed oil is produced through environmentally conscious practices that avoid synthetic pesticides, fertilizers, and genetically modified organisms. Organic cottonseed oil caters to consumers seeking healthier and more sustainable options. It aligns with the increasing demand for natural, minimally processed foods by offering a product free from chemical residues. The organic segment also supports environmentally friendly farming methods, promoting soil health and biodiversity. As awareness of health and sustainability grows, the demand for organic cottonseed oil is expanding, influencing the market and encouraging more responsible agricultural practices.
During the forecast period, it is expected that the North American Cottonseed Oil market will continue to hold a majority of the market share due to its well-established food industry, increasing focus on healthy diets, and utilization of cottonseed oil in various food products. With a rising awareness of the health benefits associated with unsaturated fats, cottonseed oil's low saturated fat content is appealing to health-conscious consumers. Additionally, North America's thriving food processing sector drives the demand for edible oils, including cottonseed oil, as an ingredient in various products. As a region with a history of cotton cultivation, North America's cottonseed production contributes to a steady supply for oil extraction, influencing the market's dynamics.
Asia Pacific is projected to have the highest CAGR over the forecast period, due to its growing population, changing dietary habits, and expanding food processing industries. The region's consumption of edible oils, including cottonseed oil, is on the rise as urbanization and income levels increase. Cottonseed oil is utilized in various food products, contributing to the demand. Moreover, countries like China and India are major cotton producers, resulting in a steady supply of cottonseed, a primary source for the oil. With its economic growth and evolving food landscape, Asia Pacific's influence on the cottonseed oil market is expected to remain substantial, both in consumption and production.
Some of the key players in Cottonseed Oil market include: Best Natures Cosmetic, Aromex Industry, Cargill, Inc., Byodo Naturkost GmbH, Bunge Limited, Roland Foods LLC, Nature Stuff Limited, Adani Wilmar, La Tourangelle, Higher Nature Limited, Hain Celestial, Fuji Oil Holdings Inc., Clearspring Ltd., Biopurus .CO., Marico Limited, Louis Dreyfus, Locavor, Adams Group Inc. and Bio Planete.
In July 2023, EGT, LLC, a joint venture among Bunge, Pan Ocean America and Agtegra Cooperative, announced that it will nearly triple the current capacity of soybean meal (SBM) storage at its Longview, WA export terminal. The project, expected to be completed in the second quarter of 2025, also includes improving handling capabilities, enabling it to operate with greater speed, flexibility and efficiency.
In June 2023, Cargill, in collaboration with TechnoServe, has announced 'Srishti', a transformative partnership to empower 10,000 maize farming households in Davanagere, Karnataka. Through this partnership, farmers will be trained on the use of regenerative agriculture to improve soil health, sequester carbon, and improve water quality and use..
In December 2022, Roland Foods, the eighty-eight-year-old purveyor of fine ingredients, announced earlier this year the company's rebrand and renewed focus on innovation. An importer of premium global products, Roland Foods is a reliable resource for both chefs and home cooks all over the world.