IMARC Group, a leading market research company, has recently releases report titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global corn oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the corn oil market?

Report Attributes Details
Market Size in 2022 US$ 5.7 Billion
Market Forecast in 2028 US$ 8.9 Billion
Growth rate (2023 to 2028) CAGR of 7.85%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is corn oil?

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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What are the growth prospects and trends in the corn oil industry?

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.

Who are the key players operating in the industry?

The report covers the major market players including:

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

What is included in market segmentation?

The report has segmented the market into the following categories:

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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