The US cottonseed oil processing market has experienced significant fluctuations over the past decade. In 2023, the market volume stood at 57,000 metric tons, reflecting a 1.72% decrease from the previous year. Historically, the market saw a notable decline from 87,000 metric tons in 2014 to 57,000 metric tons in 2023, with intermittent rises and falls.
Specifically, between 2015 and 2017, the market encountered a sharp reduction followed by a brief recovery. The most significant year-on-year decline occurred in 2015 at -25.29%. The 5-year CAGR leading to 2023 shows a moderate annual decline of 1.35%. Looking ahead, the 5-year forecast anticipates a compounded annual negative growth rate of 2.69%, projecting a decrease to 48,000 metric tons by 2028.
Future trends to watch for include the potential impacts of environmental regulations, advancements in agricultural technology, and shifts in consumer preferences towards alternative oils, which could further reshape the market landscape. Market players should also monitor global supply chain dynamics and trade policies, which could influence the availability and cost of raw materials.
