Between 2014 and 2023, the cottonseed oil market in Brazil exhibited fluctuations but generally trended upwards, reaching 332.0 thousand metric tons in 2023. Significant year-on-year changes include a notable drop in 2016 (-9.41%) and a strong recovery in 2018 (28.68%). The market saw a downturn in 2020 with a decline of 15.95%, followed by a recovery in 2021 (22.37%). The latest two-year trend indicated a consistent positive growth of around 1.22% per year.
From 2024 onwards, the market is expected to steadily grow, with a forecast 5-year CAGR of 1.01%, reaching 354.04 thousand metric tons by 2028. Key future trends to watch include:
- Technological advancements in oil extraction.
- Shifting consumer preferences towards health-conscious products.
- Impact of international trade policies on the supply chain.
