1. What is the projected Compound Annual Growth Rate (CAGR) of the Corn Oil Market ?
The projected CAGR is approximately 9.23%.
Corn Oil Market by Type (Edible, Non-Edible), by Application (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Animal Feed, Industrial, Biodiesel), by By Type (Edible, Non-edible), by Europe (Germany, France, Italy, Spain, U.K., Netherland, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (UAE, South Africa, Rest of ME&A) Forecast 2025-2033
The Corn Oil Market size was valued at USD 5.34 USD Billion in 2023 and is projected to reach USD 9.91 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Corn oil is the edible oil obtained from the corn and kernel seeds. oils are greasy, liquid at room temperature and insoluble in water.it is a high value and bland flavour and light colour. Corn oil is extracted by the screw pressing and solvent extraction. Corn oils are an excellent source of fatty acids. Corn oil is used in multiple industries it is used to incorporate including soap, paints, and inks.it is used for the production of insecticide and the manufacture of biodiesels. It is used primarily for the food.it is used on a large scale in research and the relationship between dietary fat and fruit Corn oil which is also known as maize oil is the oil that is extracted from the germ of corn (maize). Its main use is in cooking, where its high smoke point makes refined corn oil a valuable frying oil. Corn oil is much known for its healthy edible oil and is widely used worldwide as cooking oil. Corn oil has various therapeutic properties, making it vulnerable for its use in several applications. Corn oil is widely used as feedstock for biodiesel and hence it is expected to experience high demand from the market.
Corn Oil Trends
Type:
Application:
The comprehensive corn oil market report provides an in-depth analysis of the sector, covering various aspects:
North America remains the dominant market for corn oil, driven by the growing biofuel industry and increasing demand for healthier cooking oils. Europe and Asia-Pacific also hold significant market shares, with Asia-Pacific expected to witness strong growth in the coming years due to rising population and changing dietary preferences.
Consumers are increasingly seeking healthy and sustainable food products. This has led to a growing preference for corn oil due to its health benefits and biodegradability.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.23% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 9.23%.
Key companies in the market include Abu Dhabi Vegetable Oil Company LLC. (U.A.E), Archer-Daniels-Midland Company (U.S.), Associated British Foods (U.K.), Bluecraft Agro (India), Cargill Inc (U.S.), Grain Processing Corporation (U.S.), Greenfield Specialty Alcohols (Canada), Ingredion Incorporated (U.S.), Richardson International (Canada), Roquette Frères. (France).
The market segments include Type, Application.
The market size is estimated to be USD 5.34 USD Billion as of 2022.
Expansion of International Brands in Saudi Arabia to Fuel Market Growth.
Rising Popularity of Veganism to Fuel Market Growth.
Presence of Substitute Oils to Impede Market Growth.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Kg.
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