Corn Oil Market Report by Product Type (Edible, Non-Edible), Application (Food, Biofuel, Industrial, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Departmental Stores, and Others), and Region 2024-2032

Corn Oil Market Report by Product Type (Edible, Non-Edible), Application (Food, Biofuel, Industrial, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Departmental Stores, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1328
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Market Overview:

The global corn oil market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.

Report Attribute                                                            
 Key Statistics                   
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.1 Billion
Market Forecast in 2032
US$ 11.2 Billion
Market Growth Rate 2024-2032
6.8%                            


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

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. Additionally, 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. 

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global corn oil market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, application, and distribution channel.

Regional Insights:

 

 
 

 

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  • 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.

Breakup by Product Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • Edible
  • Non-Edible


The edible form of corn oil currently dominates the global market

Breakup by Application:

  • Food
  • Biofuel
  • Industrial
  • Others 


Food applications currently represent the largest application segment.

Breakup by Distribution Channel:

  • 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, Inc., Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, Conagra Brands, Inc., and Savola Group, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Tons
Segment Coverage Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Archer Daniels Midland Company (ADM), ACH Food Companies, Cargill, Inc., Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, Conagra Brands, Inc., and Savola Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global corn oil market was valued at US$ 6.1 Billion in 2023.

We expect the global corn oil market to exhibit a CAGR of 6.8% during 2024-2032.

The rising demand for corn oil for producing biofuel and various other industrial products, such as soaps, paints, textiles, pharmaceuticals, poultry, pesticides etc., is primarily driving the global corn oil market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of corn oil.

Based on the product type, the global corn oil market can be segregated into edible and non-edible, where edible currently holds the largest market share.

Based on the application, the global corn oil market has been divided into food, biofuel, industrial, and others. Currently, the food industry exhibits a clear dominance in the market.

Based on the distribution channel, the global corn oil market can be categorized into supermarkets and hypermarkets, convenience stores, departmental stores, and others. Among these, supermarkets and hypermarkets account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global corn oil market include Archer Daniels Midland Company (ADM), ACH Food Companies, Cargill, Inc., Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, Conagra Brands, Inc., and Savola Group, etc.

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Corn Oil Market Report by Product Type (Edible, Non-Edible), Application (Food, Biofuel, Industrial, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Departmental Stores, and Others), and Region 2024-2032
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