Corn is a popular industrial cereal, food, and feed, primarily used in the food industry as a cooking medium, and for the production of hydrogenated oil. Corn oil, procured from the kernel of corn, is pale yellow oil. The first-ever commercial corn oil production took place in 1889. In the recent past, corn oil became the fastest growing feedstock in the world for biodiesel production.
The spotlight on high-quality food products initiated research & development activities for promoting and developing a healthy food supply. Product quality has become imperative in the agricultural sector. Corn oil, with its numerous health benefits, has been gaining importance among consumers as well as manufacturers over the past few years.
Corn oil forms a crucial value-added product from the leftover embryo, or, germ, coupled with the extraction of starch from endosperm of the kernel. Corn oil extraction enhances the economic and commercial value of the discarded embryo. With its various therapeutic properties, corn oil is vulnerable to use in a number of applications. The aforementioned factors are expected to influence the expansion of the global corn oil market.
Stringent environmental regulations imposed by several regulatory authorities, such as the Environmental Protection Agency (EPA) of the U.S., for reducing the carbon footprint has driven demand for biofuels around the world. This in turn will fuel demand for corn oil in the near future. In addition, cooking oil is one of the largest applications of corn oil.
Corn oil also finds its applications in soap production, paints, pharmaceutical preparations, and textiles. Processors of corn oil are focusing more on blending corn oil with other essential oils such as rice bran oil, and olive oil, which results in recommended ideal levels of polyunsaturated and monounsaturated fatty acids. This further ensures excellent stability of flavor and taste of food. Market players are tapping the corn-producing areas in order to increase their productivity and gain higher profits.
According to a recently published study by Fact.MR, the global market for corn oil is estimated to register a moderate expansion from 2017 to 2022. Global sales of corn oil are expected to account for nearly US$ 3,500 Mn revenues by 2022-end.
Europe to Remain Dominant in the Global Corn Oil Market
Europe will continue to be dominant in the global market for corn oil, in terms of revenues, with sales expected to exhibit a steady expansion through 2022. APEJ will remain the second most lucrative region for growth of the corn oil market during 2017 to 2022. The corn oil markets in North America and Japan will continue to exhibit a sluggish expansion through 2022.
By product type, processed corn oil will remain sought-after among consumers across the globe. Sales of processed corn oil are estimated to account for over three-fourths share of the market, in terms of revenues. On the basis of end-users, the retail segment will remain dominant in the global market, with sales expected to expand at the highest CAGR through 2022.
Modern trade is expected to remain the largest distribution channel for corn oil. Sales of corn oil in modern trade will surpass revenues worth US$ 1,000 Mn by 2022-end. However, sales of corn oil in specialty stores will exhibit the fastest expansion, to make specialty stores the second most lucrative distribution channel for corn oil by 2022-end.
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Key players in the global corn oil market include
- Archer Daniels Midland Company
- Cargill Inc.
- Associated British Foods plc
- Borges International Group S.L.U.
- Grief Inc. (Olympic Oils Limited)
- The Adani Wilmar Ltd.
- Ruchi Soya Industries Limited
- Bunge Limited
- Marico Limited.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Corn oil is well known as a healthy edible oil, and widely used as a cooking oil across the globe. Corn oil has been discerned to render various health benefits including improving heart health, lowering cholesterol as well as blood pressure, and acting as an emollient for skin. This report, published by Fact.MR, provides in-depth analysis of the global corn oil market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyzes the global corn oil market for the forecast period 2017-2022 and provides readers an unbiased and accurate analysis. Corn oil manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to corn oil.
The report commences with brief information of the global corn oil market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global corn oil market.
The next section offers an overview of the global corn oil market. This comprises an introduction to the market, along with a standard definition of the product – corn oil. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers up-to-date information about the latest advancements in the global corn oil market, the report provides updates about market opportunities, which can benefit leading manufacturers of corn oil. With the continuous evolution of the food & beverage sector, keeping a record of the latest developments and trends is fundamental for corn oil manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
A wide scope of the global corn oil market, coupled with its in-depth analysis has been offered in Fact.MR’s report. Fact.MR’s report offers segment-wise analysis & forecast. The corn oil market has been segmented on the basis of distribution channel, product type, end-users, and region. This analysis of segmentation is comprehensive, along with a detailed country-wise forecast rendered on all parameters.
The report’s last section comprises the global corn oil market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global corn oil market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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