According to IMARC Group’s latest report, titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the corn oil market growth.
The global corn oil market size reached a value of US$ 5.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.28 Billion by 2027, exhibiting at a CAGR of 7.97% during 2022-2027. Corn oil represents a form of vegetable oil that is extracted from corn germ. It is commonly available in edible and non-edible arrangements. Corn oil is mainly composed of polyunsaturated acids and contains low content of saturated fats. Hence, it is considered a healthier alternative compared to other counterparts. Corn oil is also used in the production of biofuel and various other industrial products, such as paints, textiles, pharmaceuticals, soaps, poultry, pesticides, etc. As a result, it is widely available in supermarkets, convenience stores, hypermarkets, departmental stores, etc., across the globe.
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Corn Oil Market Trends:
The escalating product need, owing to the rising health awareness among consumers, is primarily driving the corn oil market. Besides this, the launch of several policies by the government bodies for using cleaner fuels and renewable energy sources, including biofuel, to reduce carbon footprint is further augmenting the market growth. Moreover, the emerging trend of using corn oil as a feedstock in biofuel production in place of soyabean oil is also catalyzing the global market. Apart from this, the increasing global population and economic growth across both developed and arising markets and the inflating disposable incomes of individuals are acting as significant growth-inducing factors. Furthermore, the growing product popularity for various industrial applications, such as soaps, paints, pesticides, textiles, etc., is expected to bolster the corn oil market in the coming years.
Corn Oil Market 2022-2027 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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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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.
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