Press release
Emerging Trends Influencing The Growth Of The Corn Oil Market: Innovative Advancements In Distillers' Corn Oil (DCO) Refining Technologies
Corn Oil
How Big Is the Corn Oil Market Size Expected to Be by 2034?
The corn oil market has grown strongly in recent years. It is projected to grow from $5.73 billion in 2024 to $6.16 billion in 2025, at a CAGR of 7.7%. The growth can be attributed to increased demand for biofuels, the growth of the food processing industry, rising health awareness, higher disposable incomes, and urbanization.
The corn oil market is expected to grow to $8.19 billion by 2029, with a CAGR of 7.4%. Growth is attributed to the preference for organic products, increased biodiesel application, the pharmaceutical industry's growth, demand for high-quality edible oils, and awareness of healthy cooking oils. Major trends include organic and non-GMO corn oil shifts, biodiesel production growth, oil refining advancements, and the rise of e-commerce sales.
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What Are the Emerging Segments Within the Corn Oil Market?
The corn oil market covered in this report is segmented -
1) By Type: Edible, Non-Edible
2) By Grade: Refined Corn Oil, Virgin Corn Oil
3) By Application: Food And Beverages, Pharmaceuticals, Cosmetics And Personal Care, Animal Feed, Industrial, Biodiesel
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores, Other Distribution Channels
Subsegments:
1) By Edible: Refined Corn Oil, Unrefined Corn Oil, Blended Corn Oil, Organic Corn Oil, Flavored Corn Oil
2) By Non-Edible: Industrial Corn Oil, Biofuel (Biodiesel), Lubricants And Greases, Pharmaceuticals And Cosmetics
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What Long-Term Drivers Are Shaping Corn Oil Market Trends?
The rising need for chemical-free food products is expected to drive the corn oil market. The demand for chemical-free food is growing due to health concerns, environmental issues, and shifts toward sustainable agriculture. Corn oil is widely used in such food products as it is naturally extracted. According to the Organic Trade Association, U.S. organic food sales reached $61.7 billion in 2022, reflecting the rising demand for chemical-free food and the corn oil market.
Who Are the Top Competitors in Key Corn Oil Market Segments?
Major companies operating in the corn oil market are Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Ltd., Bunge Limited, Associated British Foods, ConAgra Brands Inc, Ingredion Incorporated, Savola Group, IFFCO, Roquette Frères, Richardson International, ACH Food Companies Inc., Lam Soon Edible Oils Sdn. Bhd., Greenfield Global, Grain Processing Corporation, Taj Agro International, Abu Dhabi Vegetable Oil Company LLC, Henry Lamotte Oils GmbH, Saporito Foods Inc., Cairo Oil And Soap, Bluecraft Agro, Elburg Global
What Are the Latest Developing Trends in the Corn Oil Market?
Companies in the corn oil market are developing technologies to enhance the quality of distillers' corn oil (DCO) for higher-value, lower-impurity products. For instance, in June 2022, Trucent Inc., a U.S.-based fluid separation company, introduced CORE technology to improve corn oil extraction, making it more suitable for renewable diesel refineries and increasing revenue in the renewable fuels sector.
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Which Regions Are Becoming Hubs for Corn Oil Market Innovation?
North America was the largest region in the corn oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corn oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corn Oil Market?
2. What is the CAGR expected in the Corn Oil Market?
3. What Are the Key Innovations Transforming the Corn Oil Industry?
4. Which Region Is Leading the Corn Oil Market?
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