The demand for cottonseed oil in the US has shown a declining trend from 2014 to 2023, with notable fluctuations. Actual values indicate a peak in 2014 at 236.0 thousand metric tons and a notable decrease to 171.0 thousand metric tons in 2023. Over the last two years, the year-on-year variation suggests a reduction of 2.29% in 2023 and 3.61% in 2022. The five-year CAGR is -0.69%, reflecting a consistent decrease. Forecasts show further decline, with demand projected to reach around 152.34 thousand metric tons by 2028, translating to a forecasted five-year CAGR of -1.86% and an overall reduction of 8.96% from 2023 to 2028.
Future trends to watch for include the impact of alternative plant-based oils on demand, potential changes in consumer preferences towards sustainable and organic products, and regulatory shifts affecting agricultural practices and oil production. The emphasis on healthier diets may also influence this market segment.
