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Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Global Corn Oil Market reached a value of US$ 4.3 Billion in 2018. Corn oil is a form of vegetable oil which is extracted from corn germ. It is available in both edible and non-edible forms. Corn oil is mainly composed of polyunsaturated fatty acids and has low content of saturated fats. Hence, it is considered to be a healthy alternative of other edible oil counterparts available in the market. The growing incidences of lifestyle diseases coupled with rising health awareness among consumers has significantly contributed in driving the demand for corn oil globally. Moreover, the use of corn oil in the production of biofuel and various other industrial products such as soaps, paints, textiles, pharmaceuticals, poultry, pesticides etc. have further augmented the growth of the market.

Corn Oil Market Report

Rising health awareness among consumers has resulted into increasing preference for corn oil due to its health benefits. Moreover, increasing disposable incomes have also enabled consumers to prioritize health over product price.  Moreover, as a result of rising environmental concerns, diminishing oil and natural gas resources, and the governments focusing on using cleaner fuels to reduce carbon footprint, the usage of renewable energy sources such as biofuel has been continuously increasing. Though soybean oil is currently being used as the major feedstock in biofuel production, the usage of corn oil in the same has also witnessed substantial growth in recent years. This trend is expected to further aid the growth of the corn oil market globally.  Additionaly, apart from food and biodiesel applications, corn oil also has a wide array of other industrial applications such as soaps, paints, pesticides, textiles etc. With increasing global population and economic growth across both developed and emerging markets, these end-use industries are also expected to witness substantial growth, creating a positive impact on the demand of corn oil.  Looking forward, IMARC expects the market to reach a value of US$ 7.2 Billion by 2024, expanding at a CAGR of 9% during 2019-2024

Regional Insights:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America.


North America currently accounts for the largest share in the global corn oil market.

Product Type Insights:

  • Edible
  • Non-edible


The edible form of corn oil currently dominates the global market

Application Insights:

  • Food
  • Biofuel
  • Industrial
  • Others 


Food applications currently represent the largest application segment.

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Departmental Stores
  • Others


Supermarkets and Hypermarkets currently enjoy the leading position in the global corn oil market.

Competitive Landscape:

The report has also analysed the competitive landscape of the global corn oil market. Some of the leading players include Archer Daniels Midland Company (ADM), ACH Food Companies, Cargill, Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, ConAgra, Savola Group, etc.

Key Questions Answered in This Report:

  • How has the global corn oil market performed so far and how will it perform in the coming years?
  • Which are the key product types available in the global corn oil market?
  • Which are the major application areas in the global corn oil market?
  • What are the key distribution channels in the global corn oil market?
  • What are the key regions in the global corn oil market?
  • What are the price trends of corn oil?
  • What are the various stages in the value chain of the global corn oil market?
  • What are the key driving factors and challenges in the global corn oil market?
  • What is the structure of the global corn oil market and who are the key players?
  • What is the degree of competition in the global corn oil market?
  • What are the various unit operations involved in a corn oil manufacturing plant?
  • What is the total size of land required for setting up a corn oil manufacturing plant?
  • What are the machinery requirements for setting up a corn oil manufacturing plant?
  • What are the raw material requirements for setting up a corn oil manufacturing plant?
  • What are the utility requirements for setting up a corn oil manufacturing plant?
  • What are the manpower requirements for setting up a corn oil manufacturing plant?
  • What are the infrastructure costs for setting up a corn oil manufacturing plant?
  • What are the capital costs for setting up a corn oil manufacturing plant?
  • What are the operating costs for setting up a corn oil manufacturing plant?
  • What should be the pricing mechanism of corn oil?
  • What will be the income and expenditures for a corn oil manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Corn Oil Market 
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends 
        5.2.2    Value Trends 
    5.3    Market Breakup by Region 
    5.4    Market Breakup by Product Type 
    5.5    Market Breakup by Application 
    5.6    Market Breakup by Distribution Channel 
    5.7    Market Forecast
    5.8    SWOT Analysis 
        5.8.1    Overview 
        5.8.2    Strengths 
        5.8.3    Weaknesses 
        5.8.4    Opportunities 
        5.8.5    Threats 
    5.9    Value Chain Analysis
        5.9.1    Overview 
        5.9.2    Raw Material Procurement 
        5.9.3    Manufacturing 
        5.9.4    Marketing 
        5.9.5    Distribution 
        5.9.6    End-Use 
    5.10    Porter’s Five Forces Analysis 
        5.10.1    Overview 
        5.10.2    Bargaining Power of Buyers 
        5.10.3    Bargaining Power of Suppliers 
        5.10.4    Degree of Competition 
        5.10.5    Threat of New Entrants 
        5.10.6    Threat of Substitutes 
    5.11    Price Analysis 
        5.11.1    Key Price Indicators 
        5.11.2    Price Structure 
        5.11.3    Margin Analysis 
    5.12    Key Success and Risk Factors 
6    Market Breakup by Region
    6.1    North America 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Europe
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Asia Pacific
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Latin America
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Middle East and Africa 
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Product Type 
    7.1    Edible 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Non-Edible 
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Application 
    8.1    Food 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Biofuel 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Industrial 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Others 
        8.4.1    Market Trends
        8.4.2    Market Forecast
9    Market Breakup by Distribution Channel 
    9.1    Supermarkets and Hypermarkets 
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Convenience Stores 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Departmental Stores 
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Others 
        9.4.1    Market Trends
        9.4.2    Market Forecast
10    Imports and Exports 
    10.1    Imports by Major Countries 
    10.2    Exports by Major Countries 
11    Competitive Landscape 
    11.1    Market Structure 
    11.2    Key Players 
12    Corn Oil Manufacturing Process 
    12.1    Product Overview 
    12.2    Detailed Process Flow 
    12.3    Various Unit Operations Involved 
    12.4    Mass Balance and Raw Material Requirements 
13    Project Details, Requirements and Costs Involved 
    13.1    Land Requirements and Expenditures 
    13.2    Construction Requirements and Expenditures 
    13.3    Plant Machinery 
    13.4    Raw Materials Requirements and Expenditures 
    13.5    Packaging Requirements and Expenditures 
    13.6    Transportation Requirements and Expenditures 
    13.7    Utilities Requirements and Expenditures 
    13.8    Manpower Requirements and Expenditures 
    13.9    Other Capital Investments 
14    Loans and Financial Assistance 
15    Project Economics 

    15.1    Capital Cost of the Project 
    15.2    Techno-Economic Parameters 
    15.3    Product Pricing and Margins Across Various Levels of the Supply Chain 
    15.4    Income Projections 
    15.5    Expenditure Projections 
    15.6    Taxation and Depreciation 
    15.7    Financial Analysis 
    15.8    Profit Analysis 
16    Profiles of Key Players

List of Figures

Figure 1: Global: Corn Oil Market: Major Drivers and Challenges
Figure 2: Global: Corn Oil Market: Production Volume (in Million Tons), 2011-2018
Figure 3: Global: Corn Oil Market: Production Value (in Billion US$), 2011-2018 
Figure 4: Global: Corn Oil Market: Breakup by Region (in %), 2018
Figure 5: Global: Corn Oil Market: Breakup by Product Type (in %), 2018
Figure 6: Global: Corn Oil Market: Breakup by Application (in %), 2018
Figure 7: Global: Corn Oil Market: Breakup by Distribution Channel (in %), 2018
Figure 8: Global: Corn Oil Market Forecast: Production Volume (in Million Tons), 2019- 2024
Figure 9: Global: Corn Oil Market Forecast: Production Value (in Billion US$), 2019- 2024
Figure 10: Global: Corn Oil Market: SWOT Analysis
Figure 11: Global: Corn Oil Market: Value Chain Analysis
Figure 12: Global: Corn Oil Market: Porter’s Five Forces Analysis
Figure 13: Global: Corn Oil Market: Average Prices (in US$/Ton), 2011 - 2018
Figure 14: Global: Corn Oil Market Forecast: Average Prices (in US$/Ton), 2018- 2023
Figure 15: Corn Oil: Price Structure (in US$/Ton)
Figure 16: North America: Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 17: North America: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019 - 2024
Figure 18: Europe: Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 19: Europe: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019 - 2024
Figure 20: Asia Pacific: Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 21: Asia-Pacific: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019 - 2024
Figure 22: Latin America: Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 23: Latin America: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019 - 2024
Figure 24: Middle East and Africa: Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 25: Middle East and Africa: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019 - 2024
Figure 26: Global: Edible Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 27: Global: Edible Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019-2024
Figure 28: Global: Non-Edible Corn Oil Market: Sales Volume (in Million Tons), 2011 & 2018
Figure 29: Global: Non-Edible Corn Oil Market Forecast: Sales Volume (in Million Tons), 2019-2024
Figure 30: Global: Corn Oil Market (in Food Applications): Sales Volume (in Million Tons), 2011 & 2018
Figure 31: Global: Corn Oil Market Forecast (in Food Applications): Sales Volume (in Million Tons), 2019 - 2024
Figure 32: Global: Corn Oil Market (in Biofuel Applications): Sales Volume (in Million Tons), 2011 & 2018
Figure 33: Global: Corn Oil Market Forecast (in Biofuel Applications): Sales Volume (in Million Tons), 2019 - 2024
Figure 34: Global: Corn Oil Market (in Industrial Applications): Sales Volume (in Million Tons), 2011 & 2018
Figure 35: Global: Corn Oil Market Forecast (in Industrial Applications): Sales Volume (in Million Tons), 2019 - 2024
Figure 36: Global: Corn Oil Market (in Other Applications): Sales Volume (in Million Tons), 2011 & 2018
Figure 37: Global: Corn Oil Market Forecast (in Other Applications): Sales Volume (in Million Tons), 2019 - 2024
Figure 38: Global: Corn Oil Market: Sales through Supermarkets and Hypermarkets (in Million Tons), 2011 & 2024
Figure 39: Global: Corn Oil Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Tons), 2019 - 2024
Figure 40: Global: Corn Oil Market: Sales through Convinience Stores (in Million Tons), 2011 & 2024
Figure 41: Global: Corn Oil Market Forecast: Sales through Convinience Stores (in Million Tons), 2019 - 2024
Figure 42: Global: Corn Oil Market: Sales through Departmental Stores (in Million Tons), 2011 & 2024
Figure 43: Global: Corn Oil Market Forecast: Sales through Departmental Stores (in Million Tons), 2019 - 2024
Figure 44: Global: Corn Oil Market: Sales through Other Distribution Channels (in Million Tons), 2011 & 2024
Figure 45: Global: Corn Oil Market Forecast: Sales through Other Distribution Channels (in Million Tons), 2019 - 2024
Figure 46: Global: Corn Oil Market: Key Players
Figure 47: Global: Corn Oil: Import Breakup by Country (in %), 2017
Figure 48: Global: Corn Oil: Export Breakup by Country (in %), 2017
Figure 49: Corn Oil Manufacturing Plant: Detailed Process Flow
Figure 50: Corn Oil Manufacturing Plant: Various Types of Unit Operations Involved
Figure 51: Corn Oil Manufacturing Process: Conversion Rate of Feedstocks
Figure 52: Corn Oil Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 53: Corn Oil Industry: Profit Margins at Various Stages of Supply Chain
Figure 54: Corn Oil Manufacturing Plant: Breakup of Operational Costs


List of Tables

Table 1: Global:Corn Oil Market: Key Industry Highlights, 2018 and 2024
Table 2: Global:Corn Oil Market Forecast: Breakup by Region (in Million Tons), 2019-2024
Table 3: Global:Corn Oil Market Forecast: Breakup by Product Type (in Million Tons), 2019-2024
Table 4: Global:Corn Oil Market Forecast: Breakup by Application (in Million Tons), 2019-2024 
Table 5: Global:Corn Oil Market Forecast: Breakup by Distribution Channel (in Million Tons), 2019-2024
Table 6: Global:Corn Oil Market: Market Structure
Table 7: Corn Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 8: Corn Oil Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Corn Oil Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Corn Oil Manufacturing Plant: Machinery Costs (in US$)
Table 11: Corn Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 12: Corn Oil Manufacturing Plant: Costs Related to Utilities
Table 13: Corn Oil Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Corn Oil Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Corn Oil Manufacturing Plant: Capital Costs (in US$)
Table 16: Corn Oil Manufacturing Plant: Techno-Economic Parameters
Table 17: Corn Oil Manufacturing Plant: Taxation (in US$)
Table 18: Corn Oil Manufacturing Plant: Depreciation (in US$)
Table 19: Corn Oil Manufacturing Plant: Income Projections (in US$)
Table 20: Corn Oil Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Corn Oil Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 22: Corn Oil Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 23: Corn Oil Manufacturing Plant: Profit and Loss Account

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