The global cottonseed market size is poised to grow by USD 2.28 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Cottonseed Market 2020-2024 (Graphic: Business Wire)
The rising demand for cottonseed oil is one of the significant factors driving the cottonseed market growth. Cottonseed oil is used in salads, mayonnaise, and salad dressing. The rising demand for cottonseed oil has encouraged vendors operating in the market to introduce various new products. Since cottonseed oil is extracted from the seeds of cotton plants, the rising demand for cottonseed oil will also boost the demand for cottonseed during the forecast period. The rising demand for cottonseed as a feed material for livestock is also fueling market growth.
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The major cottonseed market growth came from upland cottonseed segment. It is widely used as an ingredient in cattle feed and cottonseed oil. Thus, the rising production of upland cottonseed and its increasing use in various products are expected to fuel the growth of the cottonseed market.
APAC was the largest market for cottonseed in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as increasing demand for cottonseed as a feed additive and rising cotton production are contributing to the cottonseed market growth in this region.
The global cottonseed market is fragmented. All-Tex Seed Inc., Americot Inc., BASF SE, Bayer AG, Corteva Agriscience, DuPont de Nemours Inc., Kaveri Seed Co. Ltd., Land O’Lakes Inc., Maharastra Hybrid Seeds Co. Pvt Ltd., and Nuziveedu Seeds Ltd. are some of the major market participants. To help clients improve their market position, this cottonseed market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global cottonseed market 2020-2024 is expected to have Neutral and At par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
Read the full report here: https://www.technavio.com/report/report/cottonseed-market-industry-analysis
Adoption of New Technologies and the Development of New Products by Vendors will be a Key Market Trend
Vendors are coming up with new technologies to protect crops against insects and minimize labor costs associated with cottonseed production. The adoption of genetic male sterility (GMS) technology for hybrid cottonseed production by Kaveri Seed Co. Ltd. (Kaveri Seed) will help in reducing the cost associated with emasculation. The protein extracted from the seeds of the new cottonseed plant, code-named TAM66274 and developed by researchers at Texas A&M University, is safe to consume because of its ultra-low gossypol levels. The adoption of new technologies and the development of new products by vendors is one of the critical cottonseed market trends.
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Cottonseed Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist cottonseed market growth during the next five years
Estimation of the cottonseed market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the cottonseed market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of cottonseed market vendors
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Upland cottonseed – Market size and forecast 2019-2024
Extra-long staple cottonseed – Market size and forecast 2019-2024
Others – Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
APAC – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201005005480/en/
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