According to IMARC Group’s latest report, titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” 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 is vegetable oil with low saturated fats extracted from the germ of corn kernels. Commonly available in edible and non-edible forms, it is manufactured using polyunsaturated fatty acids, is pale yellow in color, and has a semi-neutral taste. Corn oil contains vitamin E, y-tocopherol, phytosterols, and linoleic acid. It is widely used in the food industry for preparing fried snacks, margarine, salads, and other baked items. It exhibits strong anti-inflammatory and antioxidant properties that aid in improving vision, reducing oxidative stress, and lowering cholesterol levels. As a result, it also finds extensive application in manufacturing soaps, textiles, paints, pharmaceuticals, and pesticides.
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Corn Oil Market Trends:
One of the key factors driving the market growth is the increasing
demand for healthy and organic oils, such as corn oil, among health-conscious
consumers. This is further supported by inflating disposable incomes and the
rising awareness about its various health benefits, such as lowering the risk
of cardiovascular diseases (CVDs) and controlling high blood pressure and
diabetes. Moreover, the extensive utilization of edible corn oil in retail and
food service and processing industries is favoring the market growth. Apart
from this, the implementation of various government initiatives promoting the
utilization of cleaner fuels to minimize carbon footprints due to the rising
environmental concerns and diminishing oil and natural gas resources are
providing an impetus to the market growth. Additionally, corn oil contains
linoleic and oleic acids, which, in turn, has intensified their widespread
adoption in the cosmetic and personal care industry to maintain hair and skin
health, thus acting as a growth-inducing factor.
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.
About Us
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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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