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Corn Oil Market Size, Share & Industry Analysis, By Product Type (Edible Corn oil, Non-edible Corn oil), By End-Use Application (Food and Beverage, Household/Retail, Cosmetics and Personal Care, Pharmaceuticals, Animal Feed, Biodiesel) and regional forecast 2022-2029

Region : Global | Report ID: FBI103810 | Status : Ongoing

 

KEY MARKET INSIGHTS

Corn or maize is a cereal grain that is commonly used as food, animal feed, and for extracting oil. The utilization of corn oil for cooking purpose is due to its high smoke point, which makes it valuable frying oil. Corn oils have high content of unsaturated fatty acids with strong anti-inflammatory and antioxidant properties. The high content of unsaturated fatty acids helps in lowering cholesterol in the body. Corn oil is also widely used as biodiesel and for formulating soaps, lotions, inks and others. Thus, these factors cumulatively aid in its market growth.


The corn oil market is driven by the growing cosmetics and personal care industry, as it contains linoleic and oleic acids which helps in maintaining the hair and skin health. Further, corn oil is used as a disintergrant and binder for drug molecules in pharmaceutical preparations.


The increasing awareness among the consumers about the usage of healthy cooking oil is one of the main factors driving its market growth. Corn oil offers various health benefits such as lowering the risks of cardiovascular diseases and others. It is generally used for roasting, baking and deep-frying by various food service sector and household. Due to its rich taste and high vitamin content, corn oil is used in cold preparations such as salads, mayonnaises, sauces and vinaigrettes. Thus, fuelling its market growth.


The presence of substitute edible oils such as olive oil, groundnut oil, rice bran oil and others which have relatively higher market penetration, hampers the market growth of corn oil.


Key Market Driver -

Increasing Demand for Healthy Cooking Oils

Key Market Restraint -

Presence of Substitute Edible Oils in the Market


Key Players Covered:


The key companies operating in the global corn oil market are, Archer Daniels Midland Company, Cargill Inc., Associated British Foods plc, Borges International Group S.L.U., Bunge Limited, Marico Limited., FEC Solutions, GreenField Specialty Alcohols Inc, Shree Uday Oil & Foods Industries, and GULAB OILS.


The global corn oil market is segmented by product and end-use application. The product type sector is led by the edible corn oil variant as it is less expensive than the other vegetable oils; and growing use in food service sector. The food and beverage segment is accounted for holding the major share in the end-use application segment followed by the household owing to the consumers shifting preferences towards consuming low-fat containing food products. The consumers are focussing on living a healthy lifestyle and are hence, opting for the use of healthy cooking oil alternative.


Regional Analysis:


North America is expected to observe a gradual growth in the corn oil market due to the increasing environmental concerns among the consumers. The increasing consumption of corn oil as a biodiesel alternative to reduce the environmental pollution has supported the regional market growth.


Europe is witnessing significant growth in the corn oil market due to its growing use by the food service industry wherein consumers demand for food that is cooked in healthy way using nutritious ingredients. Moreover, the growing food service sector and the opening of various new restaurant chains have boosted its regional market growth.


Asia Pacific is anticipated to foresee significant growth in the corn oil market in the upcoming years due to its growing demand in food and feed industry. Further, the wide applicability of corn oil in various cosmetics has propelled its market growth.


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Segmentation






















 ATTRIBUTE


  DETAILS

By Product Type




  • Edible Corn oil

  • Non-edible Corn oil



By End-Use Application




  • Food and Beverage

  • Household/Retail

  • Cosmetics and Personal Care

  • Pharmaceuticals

  • Animal Feed

  • Biodiesel



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In October 2016, United Foods Company (UFC), an Emirati halal-certified food manufacturer, launched three new edible oils under its flagship Aseel brand. The three oils-sunflower, canola and corn oil are low in cholesterol and free from trans-fat; are enriched with vitamins.


Corn Oil Market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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