The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
Due to the spread of the coronavirus disease (COVID-19), individuals across the globe are preferring healthy cooking oil, such as corn oil, in the preparation of different dishes. However, disruptions in supply chains are negatively influencing the growth of the market.
The global corn oil market reached a value of US$ 5.25 Billion in 2021.
According to the estimates by IMARC Group, the global corn oil market is expected to exhibit a CAGR of 7.97% during 2022-2027.
The growing health awareness among individuals and rising utilization of corn oil in the production of soaps, paints, pesticides and textiles are among the key factors stimulating the market growth.
Due to rising environmental concerns and favorable governmental policies on using biodegradable fuels to minimize carbon footprints, there is an increase in the demand for corn oil for producing biofuels.
Based on the product type, the market has been bifurcated into edible and non-edible corn oil.
The market has been categorized on the basis of the application into food, biofuel, industrial and others.
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, departmental stores, and others.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Leading industry players are Archer Daniels Midland Company, Abu Dhabi Vegetable Oil Company LLC, Cargill, Incorporated, ACH Food Companies, Inc., Elburg Global B.V., Conagra Brands, Inc. and The Savola Group.
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