LONDON–(BUSINESS WIRE)–Dec 30, 2020–
Technavio estimates the global cottonseed oil market to grow by 782.02 thousand tons, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Cottonseed Oil Market 2020-2024 (Graphic: Business Wire)
The market is driven by the increasing demand for cotton seeds from end-users. However, the easy availability of substitutes might challenge growth.
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Cottonseed Oil Market: Product Landscape
Based on the product, the market saw maximum growth in the GM cottonseed oil segment. However, the market share of the segment is expected to decrease over the forecast period due to the rising awareness about the harmful effects of GM crops among consumers. The market will register healthy growth in the non-GMO cottonseed oil segment during the forecast period.
Cottonseed Oil Market: Geography Landscape
81% of the market’s growth originated from APAC in 2019. The increasing demand for cottonseed oil in China and India is the major factor driving the growth of the market in APAC.
India and China are the key markets for cottonseed oil in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Major Three Cottonseed Oil Market Vendors:
Archer Daniels Midland Co.
Archer Daniels Midland Co. operates its business through segments such as Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company offers Hydrogenated Cottonseed Oil.
Bunge Ltd.
Bunge Ltd. operates its business through segments such as Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Ginni cottonseed oil is the key offering of the company.
Cargill Inc.
Cargill Inc. operates its business through segments such as Agriculture, Animal Nutrition, Beauty, Bioindustrial, Food & Beverage, Pharmaceutical, Industrial, Meat & Poultry, and Others. Cargill Cottonseed Oil is the key product offered by the company.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20201230005267/en/
CONTACT: Technavio Research
Jesse Maida
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Website:www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 12/30/2020 11:11 AM/DISC: 12/30/2020 11:11 AM
Copyright Business Wire 2020.
