Corn Oil Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Corn Oil Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Corn Oil Market

The Corn Oil Market size was valued at USD 6.17 billion in 2023, and the market is now projected to grow from USD 6.52 billion in 2024 to USD 11.80 billion by 2032, exhibiting a CAGR of 7.69% during the forecast period of 2024-2032.

COVID-19 impacted the supply chain drastically and with production halt and extended quarantine conditions it has become more intense leading to decline in Corn Oil Market Growth. With strict regulations and lockdown measures, factories were facing reduced production and low man power, which has negatively impacted the product’s availability in the market. This lack of availability of the products has led to the high price. A report from the Foreign Agricultural Service Global Market, stated that the price of Corn Oil in U.S. is increased from USD 870 per metric ton during 2019-20 to USD 1,193 per ton in the 2020-21, led to growth in market value at global level during COVID-19 period.

Corn oil can be used in multiple application in pharmaceuticals, such as cosmetics, industrial, and food & beverages industries, expanding the market reach and increasing the Corn Oil Market Share. In medicine, this oil is a carrier for drug molecules and aids in tablet disintegration, however in soaps, haircare products it is also used as a beauty ingredient. Costumers are using it as a cooking oil as well, since it is rich in fatty acids, that helps in controlling inflammation, reduce cholesterol, and lower blood pressure. With this many functions industries are also using this oil in manufacturing of inks, textile, rust inhibitors, and insecticides, and pet lovers are taking care of their pet health by these oils as it is improving coat health. The number of usage is leading to high level of market growth.

The growing trend of clean-label and minimally processes foods is showing how consumer’s are loving the healthier and more natural food options. Manufacturers are keeping their focus on this growing demand and an American Company have also introduced non-GMO products variants in October 2018, and with this launch, company has assured that these variants are naturally refined, bleached, and deodorised, aligning with the clean-label trend, and it has also expanded its production capacity, so there will be steady supply for these oils. The corn oil is mainly know for its excellent frying quality, good taste, and mostly for high levels of polyunsaturated fats, making them suitable for various applications such as snack food, baking, food service, and retail bottling. The corn oil market is growing with rising preference of healthy and nutritious food products among consumers.

Comprehensive Analysis of Corn Oil Market

The Corn Oil Market and Food & Beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the food benefit management industry. These segmentations are methodically segregated By Type Analysis and By Application Analysis. The types of analysis include, U.S. (By Application), Canada (By Application), & Mexico (By Application). However, the application such as Germany (By Application), France (By Application), Italy (By Application), Spain (By Application), U.K. (By Application), Netherland (By Application), & Rest of Europe (By Application).

North America is sitting in the dominating position of the Corn Oil Market, due to its extensive use in feedstocks and food industries. The region is witnessing high demand for biodiesel as a green fuel option, majorly in aviation, leading to the growth in corn oil demand further. U.S. has highest number of obesity population, due to which food manufacturers are promoting low-calorie and cholesterol-free oils such as corn oil. According to various researches, corn oil contains phytosterols, helping in reducing blood cholesterol levels, and it has 968 milligrams of phytosterols per 100 grams, making it to have aunique mixture of free phytosterol, phytosterol easters, and phytostarol easters.

The top players in the market play a crucial role in the Food & Beverages industry assuring industrial prospectus growth and setting market standards. These players include, Abu Dhabi Vegetable Oil Company LLC. (U.A.E), Archer-Daniels-Midland Company (U.S.), Associated British Foods (U.K.), Bluecraft Agro (India), Cargill Inc (U.S.), Grain Processing Corporation (U.S.), Greenfield Specialty Alcohols (Canada), Ingredion Incorporated (U.S.), Richardson International (Canada), Roquette Frères. (France),these market players provide a level-playing competitive landscape.

November 2023: Mazola, a Canada based cooking oil company, launched a new vegetable oil products, and this product have four varieties, vegetable oil, corn oil, canola olive oil blend and canola oil, available in many retail outlets across Canada.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.69% from 2024 to 2032

Unit Value (USD Billion)

Segmentation North America (By Type, Application, and Country)

- U.S. (By Application)

- Canada (By Application)

- Mexico (By Application)

Europe (By Type, Application, and Country)

- Germany (By Application)

- France (By Application)

- Italy (By Application)

- Spain (By Application)

- U.K. (By Application)

- Netherland (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Type, Application, and Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Rest of Asia Pacific (By Application)

South America (By Type, Application, and Country)

- Brazil (By Application)

- Argentina (By Application)

- Rest of South America (By Application)

Middle East and Africa (By Type, Application, and Country)

- UAE (By Application)

- South Africa (By Application)

- Rest of ME&A (By Application)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.