LONDON–(BUSINESS WIRE)–Oct 6, 2020–
The global cottonseed oil market size is poised to grow by 782.02 K tons during 2020-2024, progressing at a CAGR of almost 3% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Technavio has announced its latest market research report titled Global Cottonseed Oil Market 2020-2024 (Graphic: Business Wire)
Cottonseed oil has a high smoke point and a neutral taste and is used for deep frying and baking. Cottonseed oil is also a significant 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. Cottonseed oil is also used for various applications in the cosmetic industry and products such as soaps, cosmetics, and detergents. The increased usage of cottonseed oil across various industries will be one of the major factors that will fuel the growth of this global market.
- The major cottonseed oil market growth came from GM cottonseed oil segment. This segment accounted for the largest market share in 2019. However, due to factors such as the increasing concern among the consumers about the harmful effects of GM cottonseed oil, the forecast period will witness a decrease in the segment’s cottonseed oil market share.
- APAC was the largest cottonseed oil market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing use of biodiesel will significantly drive cottonseed oil market growth in this region over the forecast period.
- The global cottonseed oil market is fragmented. Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., Henry Lamotte Oils GmbH, ITOCHU Corp., Marico Ltd., PYCO Industries, Ruchi Soya Industries Ltd., Vimal Oil & Foods Ltd., and Wilmar International Ltd. are some of the major market participants. To help clients improve their market position, this cottonseed oil market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global cottonseed oil market 2020-2024 is expected to have Positive and Superior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Growing Popularity of Organic Cottonseed Oil will be a Key Market Trend
The growing popularity of organic cottonseed oil is one of the key cottonseed oil market trends that will influence market growth. There is an increasing awareness among consumers about the benefits of organic food, and this is resulting in the increased consumption of organic-grade food across the globe. Additionally, the rising concerns over genetically modified (GM) contamination of cottonseed oils are also enhancing the need for non-GM alternatives in the form of organic cottonseed oils. Such factors will drive cottonseed oil market growth.
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Cottonseed Oil Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist cottonseed oil market growth during the next five years
- Estimation of the cottonseed oil market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cottonseed oil market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cottonseed oil market vendors
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- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product by Volume
- Market segments
- Comparison by Product by volume
- GM cottonseed oil – Market size and forecast 2019-2024 (thousand tons)
- Non-GM cottonseed oil – Market size and forecast 2019-2024 (thousand tons)
- Market opportunity by Product by volume
Market Segmentation by Distribution channel by Volume
- Market segments
- Comparison by Distribution channel by volume
- Offline – Market size and forecast 2019-2024 (thousand tons)
- Online – Market size and forecast 2019-2024 (thousand tons)
- Market opportunity by Distribution channel by volume
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the global market
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Archer Daniels Midland Co.
- Bunge Ltd.
- Cargill Inc.
- Henry Lamotte Oils GmbH
- ITOCHU Corp.
- Marico Ltd.
- PYCO Industries
- Ruchi Soya Industries Ltd.
- Vimal Oil & Foods Ltd.
- Wilmar International Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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.
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INDUSTRY KEYWORD: RETAIL AGRICULTURE NATURAL RESOURCES FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 10/06/2020 01:15 AM/DISC: 10/06/2020 01:15 AM
Copyright Business Wire 2020.
