Corn Oil Market 2022: Size, Share, Global Industry Trends, Analysis and Forecast Report to 2027

According to IMARC Group's latest report, titled "Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" the global corn oil market size reached a value of US$ 5.25 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.28 Billion by 2027, exhibiting at a CAGR of 7.97% during 2022-2027.

Corn oil represents a form of vegetable oil that is extracted from corn germ. It is commonly available in edible and non-edible arrangements. Corn oil is mainly composed of polyunsaturated acids and contains low content of saturated fats. Hence, it is considered a healthier alternative compared to other counterparts. Corn oil is also used in the production of biofuel and various other industrial products, such as paints, textiles, pharmaceuticals, soaps, poultry, pesticides, etc. As a result, it is widely available in supermarkets, convenience stores, hypermarkets, departmental stores, etc., across the globe. 

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Corn Oil Market Trends:

The escalating product need, owing to the rising health awareness among consumers, is primarily driving the corn oil market. Besides this, the launch of several policies by the government bodies for using cleaner fuels and renewable energy sources, including biofuel, to reduce carbon footprint is further augmenting the market growth. Moreover, the emerging trend of using corn oil as a feedstock in biofuel production in place of soyabean oil is also catalyzing the global market. Apart from this, the increasing global population and economic growth across both developed and arising markets and the inflating disposable incomes of individuals are acting as significant growth-inducing factors. Furthermore, the growing product popularity for various industrial applications, such as soaps, paints, pesticides, textiles, etc., is expected to bolster the corn oil market in the coming years. 

Corn Oil Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the corn oil market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

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Key Market Segmentation:

The report has segmented the corn oil market on the basis of product, type, application, distribution channel and region.

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)

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
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.

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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.