IMARC Group, a leading market research company, has recently released a 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 |
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.
What is Corn Oil?
Corn oil is a type of vegetable oil extracted from the germ of corn kernels. Primarily composed of polyunsaturated fatty acids, it is commonly used for frying, baking, and sautéing, due to its high smoke point of approximately 450°F. In addition to its culinary applications, corn oil is used in the production of soaps, pharmaceuticals, and even some biofuels. It is rich in Vitamin E, which is known for its antioxidant properties. However, it is advisable to consume corn oil in moderation as it is high in omega-6 fatty acids, which can contribute to inflammation and other health issues when consumed in excess. The oil is often available in refined form, and its neutral flavor makes it versatile for various cooking methods.
Request for a PDF Sample of The Report: https://www.imarcgroup.com/corn-oil-market/requestsample
What are the Growth Prospects and Trends in the Corn Oil Industry?
The widespread use of corn oil in culinary practices represents one of the key factors driving the growth of the market across the globe. Corn oil's high smoke point makes it ideal for frying and high-temperature cooking, which is leading to its increased adoption in both household and commercial kitchens. The presence of Vitamin E and polyunsaturated fatty acids is cited as beneficial for heart health, which is boosting the growth of the market. Beyond cooking, corn oil finds applications in various industries like cosmetics, pharmaceuticals, and even biofuels which is driving its demand. Corn is one of the most abundantly grown crops worldwide. This abundance ensures a consistent supply chain for corn oil production, thus making it a stable market. Improved extraction and refining techniques are not only increasing yield but also improving the quality of the oil. Innovations in packaging and longer shelf-life also make it convenient for consumers, which is boosting its demand, thus contributing to the growth of the market across the globe.
Who are the Key Players Operating in the Corn Oil Market?
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
- Abu Dhabi Vegetable Oil Company (ADVOC)
- Elburg Global
- ConAgra
- Savola Group
What is Included in Market Segmentation?
The report has categorized the market based on product type, application, distribution channel and region
Breakup by Product Type:
- Edible
- Non-Edible
Market by Application:
- Food
- Biofuel
- Industrial
- Others
Based on Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Departmental Stores
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
Related Reports by IMARC Group:
Corn Starch Manufacturing Plant Project Report 2023: https://www.imarcgroup.com/corn-starch-manufacturing-plant-project-report
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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