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Africa Cotton Market Size, Share, Forecast: By Type: Organic, Conventional; By Application: Cotton Fibre, Cottonseed, Cottonseed Oil; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Africa Cotton Market Outlook
The Africa cotton market size reached nearly USD 6.33 billion in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032 to reach a value of around USD 8.71 billion by 2032.
Key Trends in the Market
Cotton refers to a soft fibrous substance which is used to make various types of clothing such as bed sheets, t-shirts, and undergarments, among others. Cotton offers various advantages, including breathability, absorbability, excellent wicking, and non-toxicity, due to which it is a widely preferred natural fibre.
- The growing expansion of the textile sector in Africa is heightening the demand for cotton to manufacture high-quality clothing items and fashion products. A surge in per capita incomes as well as rapid urban development are likely to boost the Africa cotton market growth in the forecast period.
- Growing cotton production, owing to the strong presence of small-scale cotton farmers across Sub-Saharan Africa, is a key market driver. In addition, surging attempts by organisations and governments to promote cotton farming among small-scale farmers as a means to reduce poverty and enhance food security are crucial Africa cotton market trends.
- Cotton grown in Africa contains long fibres and is handpicked carefully by the farmers. It provides a pleasant touch on the skin, making it ideal for use in t-shirts, trousers, and shirts, among other clothing items.
Market Analysis
Based on type, the market is segmented into organic and conventional. On the basis of application, the Africa cotton market segmentations include cotton fibre, cottonseed, and cottonseed oil. The major regional markets for cotton in Africa include South Africa, Egypt, Nigeria, and Algeria, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Africa cotton market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- China-Africa Cotton Development Limited
- Olam Agri Holdings Pte Ltd
- JMV Textiles (Pty) Ltd.
- Standerton Mills
- Cottco (Pvt) Ltd.
- Ivoire Coton
- Compagnie Malienne pour le Développement des Textiles (CMDT)
- Others
Market Share by Application
Cotton fibre accounts for a significant portion of the Africa cotton market share. Cotton fibre is used to manufacture a wide range of clothing such as underwear, socks, towel, denim, and bathrobe, among others. In addition, cotton fibres offer excellent resistance to heat, which is further escalating their demand in clothing owing to the intense heat conditions across several parts of Africa.
Market Share by Region
As per the Africa cotton market analysis, South Africa is expected to witness fast-paced growth in the forecast period. The high potential of cotton farming to generate employment is driving the market in the country. Meanwhile, the availability of suitable land for cotton crop production in South Africa is expanding the production of cotton, boosting the overall Africa cotton market demand.
Competitive Landscape
China-Africa Cotton Development Limited is a company which manufactures products such as extract oil, cottonseed hull, cotton planting, and general cotton, among others. It was founded in 2009 and aims to enhance the production of high-quality cotton in Africa.
Olam Agri Holdings Pte Ltd is a leading company which produces grains and oilseeds, edible oils, cotton, rice, integrated feed and protein, and wood products, among others. It is a known leader in the field of feed and fibre products across the globe.
JMV Textiles (Pty) Ltd. is one of the leading clothing and textile manufacturers which produces knitted fabrics, along with offering services such as dyeing and finishing. The company was founded in 1971 and is headquartered in KwaZulu-Natal, South Africa.
Other Africa cotton market players include Standerton Mills, Cottco (Pvt) Ltd., Ivoire Coton, and Compagnie Malienne pour le Développement des Textiles (CMDT), among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Cotton Market Overview
8.1 Key Industry Highlights
8.2 Global Cotton Historical Market (2018-2023)
8.3 Global Cotton Market Forecast (2024-2032)
8.4 Global Cotton Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Cotton Market Overview
9.1 Key Industry Highlights
9.2 Africa Cotton Historical Market (2018-2023)
9.3 Africa Cotton Market Forecast (2024-2032)
10 Africa Cotton Market by Type
10.1 Organic
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Conventional
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Africa Cotton Market by Application
11.1 Cotton Fibre
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cottonseed
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Cottonseed Oil
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Africa Cotton Market by Region
12.1 South Africa
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Egypt
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Nigeria
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Algeria
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.1 Key Indicators for Demand
13.2 Key Indicators for Price
14 Trade Data Analysis
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 China-Africa Cotton Development Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Olam Agri Holdings Pte Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 JMV Textiles (Pty) Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Standerton Mills
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cottco (Pvt) Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Ivoire Coton
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Compagnie Malienne pour le Développement des Textiles (CMDT)
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cotton Market: Key Industry Highlights, 2018 and 2032
2. Africa Cotton Market: Key Industry Highlights, 2018 and 2032
3. Africa Cotton Historical Market: Breakup by Type (BILLION), 2018-2023
4. Africa Cotton Market Forecast: Breakup by Type (BILLION), 2024-2032
5. Africa Cotton Historical Market: Breakup by Application (BILLION), 2018-2023
6. Africa Cotton Market Forecast: Breakup by Application (BILLION), 2024-2032
7. Africa Cotton Historical Market: Breakup by Region (BILLION), 2018-2023
8. Africa Cotton Market Forecast: Breakup by Region (BILLION), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Africa Cotton Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 6.33 billion in 2023.
The market is estimated to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 8.71 billion by 2032.
The growing expansion of the textile sector in Africa, a strong presence of small-scale cotton farmers across Sub-Saharan Africa, and the rising demand for cotton fibres are the major drivers of the market.
The key trends in the market include the growing attempts to boost high-quality cotton farming and the increasing export activities of African cotton.
Organic and conventional are the different types of cotton.
Cotton fibre, cottonseed, and cottonseed oil are the major applications of cotton.
China-Africa Cotton Development Limited, Olam Agri Holdings Pte Ltd, JMV Textiles (Pty) Ltd., Standerton Mills, Cottco (Pvt) Ltd., Ivoire Coton, and Compagnie Malienne pour le Développement des Textiles (CMDT), among others, are the key market players.
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