The domestic food consumption of cottonseed oil in China is forecasted to increase from 1.37 million metric tons in 2024 to 1.42 million metric tons by 2028. In 2023, the consumption was reported to be approximately 1.35 million metric tons. This reflects a consistent year-on-year increase of around 0.73-0.74%, exhibiting stable growth in the domestic market. The compound annual growth rate (CAGR) over this five-year period is anticipated to be around 0.72%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier oils that might impact cottonseed oil demand.
- Changes in agricultural policies or market dynamics affecting cottonseed production and availability.
- Technological advancements in oil processing increasing competition among different edible oils.