Press release
Corn Oil Market : Exploring Growth Drivers and Overcoming Challenges to Reach US$ 8.9 Billion by 2028
Corn Oil Market
Report Highlights
How Big is the Corn Oil Market?
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.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/corn-oil-market/requestsample
What is Corn Oil?
Derived from the germ of corn kernels, corn is a type of vegetable oil extracted through crushing, pressing, and refining corn seeds. It is primarily used for cooking and frying due to its mild flavour, high smoke point, and nutritional profile. Corn oil possesses several characteristics that make it a popular choice in culinary applications as it has a light texture and a relatively neutral taste, allowing it to complement a wide range of dishes without overpowering the flavours. Its high smoke point, typically around 450ยฐF (232ยฐC), makes it suitable for high-temperature cooking methods like deep-frying, sautรฉing, and stir-frying. Corn oil is also known for its long shelf life and stability due to its low levels of polyunsaturated fatty acids. At present, corn oil finds extensive applications in the food and beverage, pharmaceuticals, and textile industries.
What are the Growth Prospects and Trends in the Corn Oil Industry?
The increasing demand for healthier and high-quality cooking oils represents one of the key factors influencing the market growth of corn oil. Additionally, advancements in oil extraction and refining technologies have made corn oil production more efficient and cost-effective, further driving the demand for corn oil. The ongoing global shift towards healthier eating habits and the recognition of corn oil's nutritional value is enhancing its market growth. The expansion of the food processing industry across the globe, coupled with the rising consumption of ready-to-eat and convenience foods, is boosting market growth. Moreover, the growing recognition of corn oil in the pharmaceutical and cosmetics industry is providing an impetus to the corn oil market growth. The rising acceptance of corn oil, aided by its versatility and nutritional benefits, is a strong market driver. The heightened awareness about the health implications of certain fats and oils and the need for healthier alternatives is fostering the demand for corn oil. Other factors such as government policies promoting the use of biofuels, investment in research for food and non-food applications of corn oil, and the increasing consumer preference for plant-based oils are driving the market growth across the globe. Furthermore, the globalization of food habits and the increased accessibility to international cuisines, where corn oil is a preferred ingredient, is supporting the market growth.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=1328&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
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.
โข Archer Daniels Midland Company (ADM)
โข ACH Food Companies
โข Cargill
โข Abu Dhabi Vegetable Oil Company (ADVOC)
โข Elburg Global
โข ConAgra
โข 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:
โข Edible
โข Non-Edible
Market by Application:
โข Food
โข Biofuel
โข Industrial
โข Others
Based on Distribution Channel:
โข Supermarkets and Hypermarkets
โข Convenience Stores
โข Departmental Stores
โข Others
Regional Insights:
โข North America
โข Europe
โข Asia Pacific
โข Middle East and Africa
โข Latin America
๐๐ฉ๐๐๐ค ๐ญ๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.imarcgroup.com/request?type=report&id=1328&flag=C
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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:
Related Reports by IMARC Group:
Corn Starch Manufacturing Plant Project Report 2023: https://www.imarcgroup.com/corn-starch-manufacturing-plant-project-report
Contact Us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Europe & Africa: +44-702-409-7331 | Asia: +91-120-433-0800
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Website: https://www.imarcgroup.com/
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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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