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 is a form of vegetable oil which is extracted from corn germ. It is available in both edible and non-edible forms. Corn oil is mainly composed of polyunsaturated fatty acids and has low content of saturated fats. Hence, it is considered to be a healthy alternative of other edible oil counterparts available in the market. The growing incidences of lifestyle diseases coupled with rising health awareness among consumers has significantly contributed in driving the demand for corn oil globally. Moreover, the use of corn oil in the production of biofuel and various other industrial products such as soaps, paints, textiles, pharmaceuticals, poultry, pesticides etc. have further augmented the growth of the market.
Rising health awareness among consumers has resulted into increasing preference for corn oil due to its health benefits. Moreover, increasing disposable incomes have also enabled consumers to prioritize health over product price. Moreover, as a result of rising environmental concerns, diminishing oil and natural gas resources, and the governments focusing on using cleaner fuels to reduce carbon footprint, the usage of renewable energy sources such as biofuel has been continuously increasing. Though soybean oil is currently being used as the major feedstock in biofuel production, the usage of corn oil in the same has also witnessed substantial growth in recent years. This trend is expected to further aid the growth of the corn oil market globally. Additionally, apart from food and biodiesel applications, corn oil also has a wide array of other industrial applications such as soaps, paints, pesticides, textiles etc. With increasing global population and economic growth across both developed and emerging markets, these end-use industries are also expected to witness substantial growth, creating a positive impact on the demand of corn oil.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global corn oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, application, and distribution channel.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America currently accounts for the largest share in the global corn oil market.
Breakup by Product Type:
Edible
Non-Edible
The edible form of corn oil currently dominates the global market
Breakup by Application:
Food
Biofuel
Industrial
Others
Food applications currently represent the largest application segment.
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Departmental Stores
Others
Supermarkets and Hypermarkets currently enjoy the leading position in the global corn oil market.
Competitive Landscape:
The report has also analysed the competitive landscape of the global corn oil market. Some of the leading players include Archer Daniels Midland Company (ADM), ACH Food Companies, Cargill, Inc., Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, Conagra Brands, Inc., and Savola Group, etc.
Key Questions Answered in This Report
1. What is the impact of COVID-19 on the global corn oil market?
2. What was the global corn oil market size in 2022?
3. What will be the corn oil market outlook during the forecast period (2023-2028)?
4. What are the global corn oil market drivers?
5. What are the major trends in the global corn oil market?
6. What is the global corn oil market breakup by product type?
7. What is the global corn oil market breakup by application?
8. What is the global corn oil market breakup by distribution channel?
9. What are the major regions in the global corn oil market?
10. Who are the leading corn oil manufacturers?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Corn Oil Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by Application
- 5.7 Market Breakup by Distribution Channel
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Raw Material Procurement
- 5.10.3 Manufacturing
- 5.10.4 Marketing
- 5.10.5 Distribution
- 5.10.6 End-Use
- 5.11 Porter’s Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Price Analysis
- 5.12.1 Key Price Indicators
- 5.12.2 Price Structure
- 5.12.3 Margin Analysis
- 5.13 Key Success and Risk Factors
- 6 Market Breakup by Region
- 6.1 North America
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Europe
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Asia Pacific
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Latin America
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Middle East and Africa
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market Breakup by Product Type
- 7.1 Edible
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-Edible
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Food
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Biofuel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Departmental Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Imports and Exports
- 10.1 Imports by Major Countries
- 10.2 Exports by Major Countries
- 11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 12 Corn Oil Manufacturing Process
- 12.1 Product Overview
- 12.2 Detailed Process Flow
- 12.3 Various Unit Operations Involved
- 12.4 Mass Balance and Raw Material Requirements
- 13 Project Details, Requirements and Costs Involved
- 13.1 Land Requirements and Expenditures
- 13.2 Construction Requirements and Expenditures
- 13.3 Plant Machinery
- 13.4 Raw Materials Requirements and Expenditures
- 13.5 Packaging Requirements and Expenditures
- 13.6 Transportation Requirements and Expenditures
- 13.7 Utilities Requirements and Expenditures
- 13.8 Manpower Requirements and Expenditures
- 13.9 Other Capital Investments
- 14 Loans and Financial Assistance
- 15 Project Economics
- 15.1 Capital Cost of the Project
- 15.2 Techno-Economic Parameters
- 15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 15.4 Income Projections
- 15.5 Expenditure Projections
- 15.6 Taxation and Depreciation
- 15.7 Financial Analysis
- 15.8 Profit Analysis
- 16 Profiles of Key Players
- 16.1 Archer Daniels Midland Company (ADM)
- 16.2 ACH Food Companies
- 16.3 Cargill, Inc.
- 16.4 Abu Dhabi Vegetable Oil Company (ADVOC)
- 16.5 Elburg Global
- 16.6 Conagra Brands, Inc.
- 16.7 Savola Group
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