The global cottonseed meal domestic consumption landscape in 2023 highlighted India as the primary consumer, followed by China and Brazil, each showcasing unique growth dynamics. India saw modest growth at 1.65%, while China experienced a slight decline of 0.44%. Brazil marked a significant rise of 9.96%. Among smaller markets, Benin and Azerbaijan recorded remarkable increases of 11.38% and 23.45%, respectively, while Chad showed an impressive upsurge of 44.96%. Conversely, Australia and Mexico faced steep declines, with the former dropping by 29.87% and the latter by 13.99%.
Future trends to watch include the potential for developing countries to become more significant players in the cottonseed meal market, driven by increased agricultural investments and a growing emphasis on sustainable, plant-based protein sources. Continued growth in African and South American markets is likely, as well as possible recovery for countries like Australia and Mexico with strategic initiatives.
Top countries in Cottonseed Meal Domestic Consumption by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 4,310 | 2023 | -3.19% | +1.65% | View data |
| 2 | 2 China | 4,050 | 2023 | -8.74% | -0.44% | View data |
| 3 | 3 Brazil | 2,140 | 2023 | +25.32% | +9.96% | View data |
| 4 | 4 Pakistan | 1,210 | 2023 | +56.49% | -2.82% | View data |
| 5 | 5 Uzbekistan | 540 | 2023 | -6.09% | -1.25% | View data |
| 6 | 6 United States | 484 | 2023 | +1.47% | -3.45% | View data |
| 7 | 7 Mali | 164 | 2023 | +25.19% | -3.2% | View data |
| 8 | 8 Turkmenistan | 143 | 2023 | 0% | +0.14% | View data |
| 9 | 9 Benin | 96 | 2023 | +5.49% | +11.38% | View data |
| 10 | 10 Cameroon | 95 | 2023 | +11.76% | +2.49% | View data |
