Corn Oil Market Share, Trends, Analysis and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the corn oil market share.
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. Corn oil is vegetable oil with low saturated fats extracted from the germ of corn kernels. Commonly available in edible and non-edible forms, it is manufactured using polyunsaturated fatty acids, is pale yellow in color, and has a semi-neutral taste. Corn oil contains vitamin E, y-tocopherol, phytosterols, and linoleic acid. It is widely used in the food industry for preparing fried snacks, margarine, salads, and other baked items. It exhibits strong anti-inflammatory and antioxidant properties that aid in improving vision, reducing oxidative stress, and lowering cholesterol levels. As a result, it also finds extensive application in manufacturing soaps, textiles, paints, pharmaceuticals, and pesticides.
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Corn Oil Market Trends:
One of the key factors driving the market growth is the increasing demand for healthy and organic oils, such as corn oil, among health-conscious consumers. This is further supported by inflating disposable incomes and the rising awareness about its various health benefits, such as lowering the risk of cardiovascular diseases (CVDs) and controlling high blood pressure and diabetes. Moreover, the extensive utilization of edible corn oil in retail and food service and processing industries is favoring the market growth. Apart from this, the implementation of various government initiatives promoting the utilization of cleaner fuels to minimize carbon footprints due to the rising environmental concerns and diminishing oil and natural gas resources are providing an impetus to the market growth. Additionally, corn oil contains linoleic and oleic acids, which, in turn, has intensified their widespread adoption in the cosmetic and personal care industry to maintain hair and skin health, thus acting as a growth-inducing factor.
Corn Oil Market 2023-2028 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.
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)
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
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.
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