Dublin, Ireland-- (SBWire) -- 08/25/2017 --Widely used as a cooking oil in most parts of the world, the market for cottonseed oil is expanding steadily. There are various reasons to the popularity of cottonseed oil, and the chief reason among them is that cottonseed oil is relatively cheaper oil as compared with other organic oils like olive oil or canola oil. Besides this, cottonseed oil is a healthy choice of cooking medium since it is good for the heart, doesn't contain cholesterol and doesn't have to go through the process of hydrogenation. In addition, the food that is cooked in cottonseed oil has a longer shelf life, and hence is a preferred medium of cooking. Also, cottonseed oil has a good amount of antioxidants in it, therefore it is healthy to consume. Cottonseed oil is used on a large scale in food and beverage products, due to which its consumption is soaring all over the world.
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The global cottonseed oil market is slated to touch a value of US$ 2,774.4 Mn in the year 2022 and grow at a moderate CAGR during the assessment period.
4 Forecast Highlights on Global Cottonseed Oil Market
As per the forecast of Fact.MR, the virgin cottonseed oil segment is slated to touch a value of US$ 855.2 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The virgin cottonseed oil segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to lose market share by the year 2022 end.
As per the forecast of Fact.MR, the food processor cottonseed oil segment will reach a value of US$ 587.9 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The food processor cottonseed oil segment is estimated to account for more than one-fourth of the revenue share of the end user segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
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As per the forecast of Fact.MR, the modern trade segment is slated to reach a value of US$ 983.4 Mn in 2022. The modern trade segment is expected to lose some market share by the end of the year 2022. The largest share is contributed by the Europe region in the modern trade segment.
Fact.MR forecasts that the online segment will exhibit a CAGR of 4.2% from 2017 to 2022. Online segment is estimated to account for nearly one-fourth of the revenue share of the distribution channel segment by 2017 end and is expected to gain market share by the end of the year 2022.
The report has also profiled leading players in the global market for cottonseed oil, which will remain active through 2022. These include companies such as Grief Inc. (Olympic Oils Limited), Louis Dreyfus Company, Bunge Limited, The Adani Wilmar Ltd, American Vegetable Oils, Inc., Fuji Oil Holdings Inc., Ruchi Soya Industries Limited, Adams Group Inc., Associated British Foods plc, Borges International Group S.L.U, Cargill Inc, Marico Limited and Archer Daniels Midland Company.
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Cotton Seed Oil Market to Record an Impressive Growth Rate of US$ 2,774.4 Mn by 2022
Cottonseed oil is derived from the seeds of various species of cotton. Seeds of the Gossypium herbaceum and Gossypium hirsutum species of cotton are most commonly used to extract cottonseed oil.