Corn Oil Market Size, Trends, Key Players, Industry Overview, Latest Insights, Analysis and Forecast 2023-2028

According to IMARC Group’s latest report, titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global corn oil market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.85% during 2023-2028.

Corn oil represents a form of vegetable oil that is extracted from corn germ. It is commonly available in both edible and non-edible types. Corn oil is generally composed of polyunsaturated fatty acids and has a low content of saturated fats. It is a healthy alternative to other edible oil counterparts available in the market. In line with this, corn oil has a high smoke point and is widely utilized for cooking purposes. It finds extensive applications in the production of biofuel and several other industrial products, such as textiles, pharmaceuticals, poultry, soaps, paints, pesticides, etc.

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Corn Oil Market Trends:

The increasing incidences of lifestyle diseases and the growing consumer health consciousness are primarily driving the corn oil market. Additionally, government bodies across countries are focusing on using cleaner fuels to reduce carbon footprint, on account of the widespread adoption of renewable energy sources, such as biofuel, which is further catalyzing the market growth. Besides this, the escalating demand for corn oil as a disintegrant and binder for drug molecules in pharmaceutical preparations is acting as another significant growth-inducing factor. Moreover, it is also utilized in the personal care industry, as it contains linoleic and oleic acids that help in maintaining hair and skin health. Apart from this, the inflating popularity of corn oil in the manufacturing of soaps, paints, pesticides, textiles, etc., is positively influencing the global market. Furthermore, continuous advancements in the production processes by key market players are projected to fuel the corn oil market in the coming years.

Corn Oil Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the corn oil market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Archer Daniels Midland Company 
• ACH Food Companies
• Cargill
• Abu Dhabi Vegetable Oil Company 
• Elburg Global
• ConAgra 
• Savola Group, etc.

Key Market Segmentation:

The report has segmented the corn oil market on the basis of product, type, application, distribution channel and region.

Breakup by Product Type:

• Edible
• Non-Edible

Breakup by Application:

• Food
• Biofuel
• Industrial
• Others 

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Departmental Stores
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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