Download Free Sample
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Corn Oil Market size was valued at at US$ 4.2 billion in 2022, growing at a CAGR of 7.2% from 2023-2029. Corn oil also known as maize oil is extracted from the germ of corn. The germ is the part of the seed that is germinating. It is a type of edible oil used widely for cooking, in either refined form or unrefined form. Corn oils are cost-effective when compared with that of the other oils and are extremely nutritious. Corn oil is also used as feedstock for biodiesel, which is boosting the growth of the market. The growing demand for corn oil as cooking oil owing to its health benefits is enhancing the growth of the market. However, the availability of alternative products is likely to hamper the growth of the corn oil market over the forecast period.
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
EuropeFastest Growing Market
North America
The unrefined form of the oil is healthy with an immense amount of phytochemicals. It tastes nutty with a tinge of corn. Owing to its therapeutic properties, the corn oil is gaining popularity all across the globe. The health benefits associated with the corn oil such as lowering the cholesterol, improving the heart health, helps in lowering the blood pressure, and acts as the emollient for skin, are driving the consumers towards corn oil. The corn oil is also used as alternative biodiesel which helps in to reduce carbon footprint, which is underpinning the growth of the market.
Europecorn oil market holds the largest share when compared with that of the other regional markets. Germany contributes the higher share in the Europe corn oil market. North America is a favorable market for corn oils in case of consumption. The United States region drives the corn oil market in this region. The Asia Pacific corn oil market is expected to show a rapid growth in the forecasted period owing to its rising demand in the food industry and rising use as cooking oil.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2022 |
US$ 4.2 billion |
|
Market CAGR |
7.2% |
|
By Product Type |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
The CAGR of the corn oil market is 7.2% over the forecast period (2023 - 2029)
Archer Daniels Midland Company, ConAgra Foods Inc., FEC Solutions, GreenField Specialty Alcohols Inc., Associated British Food plc.
The North America is the fastest-growing region for the corn oil market
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.