Forecast: Cottonseed Oil Domestic Industrial Consumption in India

The domestic industrial consumption of cottonseed oil in India stood at 45.0 Thousand Metric Tons in 2023 and is forecasted to rise slightly to 46.0 Thousand Metric Tons in 2024, marking a year-on-year increase of approximately 2.2%. From 2024 to 2025, the consumption is projected to grow by 2.2% again, reaching 47.0 Thousand Metric Tons. This level is expected to plateau from 2026 through 2028, showing zero growth year-on-year during this period. The Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is less than 1%.

Future trends to watch for:

  • Shifts in domestic demand influenced by changes in dietary patterns and industrial uses.
  • Impact of government policies on agriculture and oilseed production.
  • Technological advancements in oil extraction and processing.
  • Global market prices and their effect on domestic consumption.

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