In 2023, Brazil's domestic consumption of cottonseed oil stood at approximately 700 thousand metric tons. The forecast indicates a steady upward trend, with consumption expected to reach 817 thousand metric tons by 2028. Year-on-year growth rates from 2024 to 2028 suggest consistent increases, with consumption escalating from 724 thousand metric tons in 2024 to 747 in 2025, then to 771 in 2026, reaching 794 in 2027, and finally 817 in 2028. The Compound Annual Growth Rate (CAGR) over this period is projected to be approximately 3%.
Future trends to watch for include:
- Shifts in dietary preferences and increasing health consciousness may drive higher cottonseed oil consumption.
- Potential impacts of climate change on cotton production, which could affect supply and prices.
- The role of policies on agricultural and oil industries that may influence production and availability.
- Global market trends and trade agreements that may open new avenues for imports and exports.