Press release
Corn Oil Market Overview, Key Trends, and Insights on Major Players
Corn Oil Market
Projected Market Size and Growth Outlook for the Corn Oil Market
The corn oil market is anticipated to reach a value of $8.63 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.1%. This growth is fueled by rising demand for plant-based oils, a surge in biodiesel production projects, and an expanding range of cosmetic and pharmaceutical uses. Moreover, the growing emphasis on non-GMO and organic oils, alongside increasing industrial lubricant applications, contributes to this upward trajectory. Important trends forecasted for the market include heightened consumer preference for healthier cooking oils, broader adoption of refined and organic corn oil, growing utilization in processed food manufacturing, and a stronger focus on maintaining oil purity and stability.
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Key Players Making an Impact in the Corn Oil Market
Several leading companies are actively shaping the corn oil landscape, including Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Ltd., Bunge Limited, and Associated British Foods. Other prominent names include 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, and Elburg Global.
In a significant development, June 2023 saw the announcement of an $18 billion merger between Viterra Limited, a Netherlands-based agricultural firm, and Bunge Global SA, a US-based food company specializing in corn oil. This merger aims to enhance their global footprint and operational synergies, strengthening their competitive position in both the corn oil segment and the wider vegetable oil industry.
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Innovations and Emerging Trends Influencing the Corn Oil Sector
The corn oil market is witnessing a strong focus on innovation, particularly through the development of next-generation cellulase enzymes. These biological catalysts are revolutionizing the extraction process by breaking down cellulose into simpler sugars, enabling more efficient recovery of distillers corn oil and boosting ethanol production. Traditional mechanical or chemical methods often leave a significant amount of oil unrecovered, but these enzymes help to overcome that limitation.
For example, in November 2025, IFF, a biosciences company based in the US, introduced OPTIMASH BOOST, a cutting-edge cellulase enzyme specifically designed to maximize distillers corn oil extraction. This enzyme showcases enhanced hydrolytic activity, allowing ethanol producers to extract more oil from leftover biomass without compromising process efficiency. OPTIMASH BOOST is engineered to perform robustly under industrial fermentation conditions and offers benefits such as increased oil yield, shortened processing times, and improved profitability. It is particularly valuable for ethanol plants looking to optimize the value of co-products derived from corn processing.
Comprehensive Segmentation of the Corn Oil Market
This report classifies the corn oil market across several key categories:
1) Type: Edible and Non-Edible
2) Grade: Refined Corn Oil and Virgin Corn Oil
3) Application: Food and Beverages, Pharmaceuticals, Cosmetics and Personal Care, Animal Feed, Industrial Uses, and Biodiesel
4) Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Departmental Stores, and Other Distribution Channels
Further subsegments include:
- Edible corn oil varieties such as Refined Corn Oil, Unrefined Corn Oil, Blended Corn Oil, Organic Corn Oil, and Flavored Corn Oil
- Non-edible types including Industrial Corn Oil, Biofuel (Biodiesel), Lubricants and Greases, and Pharmaceuticals and Cosmetics
This detailed segmentation provides a clear framework for understanding the diverse applications and product types driving the corn oil market's expansion.
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