Corn Oil Market Sales Revenue to Substantially Surge in the Next Ten Years

A moderate expansion has been estimated for the global corn oil market over the forecast period (2017-2022), according to a new study published by Fact.MR. Corn oil has been increasingly adopted as feedstock for biodiesel production and used for producing hydrogenated oil. Revenues from sales of corn oil across the globe will reach roughly US$ 3,500 Mn by 2022-end.

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8 Key Takeaways from the Global Corn Oil Market Research Report by Fact.MR
In terms of revenues, Europe is anticipated to remain dominant in the global corn oil market, with sales anticipated to register a steady growth through 2022.
APEJ will continue to be the second most lucrative market for corn oil from 2017 to 2022.
The markets for corn oil in Japan, and North America will continue to register a sluggish growth through 2022.
Modern trade will remain the most lucrative distribution channel in the global market for corn oil. Corn oil sales in modern trade are expected to exceed US$ 1,000 Mn in revenues by 2022-end.
Corn oil sales in specialty stores are expected to exhibit the highest CAGR, which in turn will make specialty stores the second largest distribution channel in the market by 2022-end.
Processed corn oil is anticipated to remain the preferred product among consumers in the global market. Revenues from processed corn oil sales are estimated to hold more than three-fourth market share during 2017-2022.
Based on end-users, the retail segment will continue to be dominant in the global corn oil market, with sales poised to witness the fastest expansion through 2022.

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Europe to Remain Dominant in the Global Corn Oil Market
Europe will continue to be dominant in the global market for corn oil, in terms of revenues, with sales expected to exhibit a steady expansion through 2022. APEJ will remain the second most lucrative region for growth of the corn oil market during 2017 to 2022. The corn oil markets in North America and Japan will continue to exhibit a sluggish expansion through 2022.

By product type, processed corn oil will remain sought-after among consumers across the globe. Sales of processed corn oil are estimated to account for over three-fourths share of the market, in terms of revenues. On the basis of end-users, the retail segment will remain dominant in the global market, with sales expected to expand at the highest CAGR through 2022.

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This release was published on openPR.