A rich source of antioxidants, cottonseed oil is perhaps one of the oldest cooking oils used in the US. Extracted from the seeds of the cotton plant, the oil is often compared to sunflower, soybean, and canola oil in terms of its chemical composition. Though in the recent times, with the emergence of GM cottonseeds, the oil has been under the scanner; industry experts at Technavio expect its global market to witness a steady growth in the next five years.
Fluctuating prices of raw materials corresponding to the decline in cotton production in India and Pakistan along with stringent regulations imposed by various governing bodies across the globe are the major challenges that the vendors in the global cottonseed oil market are struggling to overcome.
Global cottonseed oil market 2016-2021 (million tons)
The top 10 vendors in the cottonseed oil market as identified by our market analysts are:
1) Wilmar International
A renowned name in the agribusiness industry, Wilmar International is involved in oil palm cultivation, oilseed crushing, edible oil refining, fertilizer manufacturing, and grain processing. Its palm and laurics segment is engaged in the processing of palm oil and laurics- related products. The processing includes refining, fractionation, and other downstream processing. Fortune Plus and Fryola are two brands under its cotton oil seed products.
2) Archer Daniels Midland
The American global food processing and commodities trading corporation, Archer Daniel Midland (ADM) is engaged in the processing of oilseeds, corn, cocoa, wheat, and other agricultural commodities. It also manufactures and markets protein meal, flour, biodiesel, ethanol, vegetable oil, corn sweeteners, and other value-added food and feed ingredients. RBD is one of its product offerings under the cottonseed oil segment.
3) Cargill
Based in Minnesota, Cargill offers food, agriculture, financial, and industrial products, and services globally. The company operates in over 70 countries worldwide. Last year, the company introduced label-friendly alternatives for monoglycerides and DATEM in bread. Gemini and Cargill are two of its products under the cottonseed oil segment.
4) Bunge
A leading global agribusiness and food company operating in over 40 countries, Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide. Processing of oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers along with production of sugar and ethanol from sugarcane are some of its other activities.
5) PYCO Industries
PYCO Industries is one of the leading cottonseed cooperative operating in the southern part of the US. The company has over 60 members and owns two cottonseed oil mills in Texas. Apart from cottonseed oil, the company also markets whole cottonseed and the by-products of cottonseed processing.
6) Gabani Industries
One of the leading export- import and manufacturing firm based in India, Gabani Industries offer various products such as cottonseed oil, textile machinery, fabrics, and garments.
7) Vimal Oil & Foods
A flagship company of the Vimal Group, Vimal Oil & Foods Ltd. is based in Gujarat, India. The company manufactures oils from cottonseed, groundnut, mustard, soybean, sunflower, rice bran, corn, canola, palm kernel and vegetable mayonnaise alongside table margarine.
8) Sun Agri Export Co.
The company is one of the leading manufacturers, exporters, and suppliers of castor seed oil, soybean meal, soybean oil, castor de-oiled cake, cotton bales, and cottonseed oil in India.
9) Marico
One of Marico’s leading commercial brands is ‘Saffola’. Under this brand, the company offers edible oils, functional foods, and salt. Its Saffola Total is a blend of safflower and rice bran oil.
10) GEF India
GEF India is involved in trading, manufacturing, and marketing of edible oils and fats. The company offers its products under the brand name ‘Freedom’.
Technavio provides in-depth market insights on the latest developments in the food and beverage industry. Our analysis enables industry stakeholders to strategize their business plan in an enhanced manner to gain a competitive advantage in the global market.
