The demand for cottonseed oil in India has shown steady growth from 2014 to 2023, reaching a value of 1.26 million metric tons in 2023. Over the past two years, the year-on-year variation has been consistent at 0.4%, indicating a stable market. The compound annual growth rate (CAGR) over the last five years stands at 0.55%, reflecting modest but steady growth in demand.
The forecast data from 2024 to 2028 predicts a gradual increase, with the demand reaching 1.28 million metric tons in 2028. The forecast 5-year CAGR is 0.27%, suggesting continued stability with slightly lower growth compared to the past five years.
Trends to watch for:
- Innovations in cottonseed oil processing and extraction technology.
- Changes in consumer preferences towards healthier cooking oils.
- Impact of government policies and agricultural subsidies on cottonseed production.
- Fluctuations in cottonseed oil prices due to global market conditions.
