Press release
Corn Oil Market By Type, Size, Global Trend Industry Professional Survey Report 2018 to 2024
Corn Oil Market Report
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The key factor driving growth of global corn oil market is the rising demand for corn oil as a biodiesel alternative for reducing carbon footprint. Furthermore, growing government regulation particularly important in states with low carbon fuels standards such as California is further expected to support the market demand. On the contrary, availability of other competing materials that can serve similar purpose at reduced cost may significantly hamper the growth of corn oil market in the coming years.
The global corn oil market has been segmented based on type, application, and geography. Based on types, the global corn oil market is segmented into edible and non-edible oil. Based on applications, the global corn oil market is segmented into biodiesel, cooking oil, soap making, paints, textiles, and others. Among various applications, cooking oil accounted for major share in the global corn oil market in 2017 and this segment is further expected to remain dominant in the near future expanding at a CAGR of 4.4% from 2019 to 2024. Other application segments are also expected to showcase significant growth thereby boost the demand for corn oil over the forecast period from 2018 to 2024.
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Based on geography, the global corn oil market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America comprises U.S., Canada, and Mexico whereas Europe would primarily cover Germany, France, UK, Italy, and Rest of Europe. The key countries included under Asia Pacific are China, Japan, India, Australia, and Rest of Asia Pacific. In Latin America, Brazil, Argentina, and Rest of Latin America are the key segments whereas in Middle East & Africa, South Africa and Rest of MEA are the key segments covered in the report. Europe accounted for the largest share in the global corn oil market; it is further projected to dominate the global market by 2024. Asia Pacific accounted to have a second highest share for corn oil due to growing demand for corn oil as cooking oil in most of the countries in the region.
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The global corn oil market is concentrated with leading manufacturers such as ADVOC having strong hold on the global market. Some of the key manufacturers of corn oils in the global market include FEC Solutions, Associated British Food plc, Green Field Specialty Alcohols Inc., YONCA GIDA SAN., Archer Daniels Midland Company and ConAgra Foods Inc., among others.
Key Questions Answered in Report:
• What are the future scope of global Corn oil market up to 2024?
• What are the challenges to market growth?
• Who are the key vendors in the global Corn oil market?
• What will the market size and the growth rate be in 2024?
• What are the key market trends impacting the growth of the global Corn oil market?
About Us:
Axiom Market Research & Consulting™, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc.
Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who have worked with leading research firms and delivered number of Market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements.
Contact Us:
Manish Shelar
Telephone: +1 (845) 875-9786
Email: sales@axiommrc.com
Website: http://axiommrc.com
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