Corn Oil Market Report 2024 (Global Edition)

Global Corn Oil Market Report 2024 Market Size Split by Type Outlook: (Edible, Non-edible), by Application Outlook: (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Animal Feed, Industria...

Corn Oil Market Report Description

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Corn Oil Market Insights Video

Competitive Landscape of the Corn Oil Market

Leading market players are investing extensively in R&D to extend their product lines, allowing the Corn Oil market to grow even further. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To expand and survive in a more competitive and expanding market environment, the Corn Oil business must provide cost-effective products

In December 2023, ADM extended its corn wet mill production plant in Razgrad, Bulgaria, to strengthen its global maize processing capabilities and BioSolutions platform. (Source: https://www.adm.com/en-us/news/news-releases/2015/4/adm-expands-its-corn-processing-footprint-with-acquisition-of-facilities-in-bulgaria-and-turkey-and-increase-of-ownership-in-hungary-facility/) In July 2020, ConAgra Foods, Inc. released a new line of plant-based meat replacements under the Gardein brand. The goods are created from non-GMO soy and wheat protein, with corn oil as a significant ingredient. (Source: https://www.conagrabrands.com/news-room/news-gardein-unveils-new-additions-to-ultimate-plant-based-collection-prn-122811

Top Companies Market Share in Corn Oil Industry: (In no particular order of Rank)

• Abu Dhabi Vegetable Oil Company LLC
• Archer-Daniels-Midland Company
• Associated British Foods
• Bluecraft Agro
• Cargill Inc
• Grain Processing Corporation
• Greenfield Specialty Alcohols
• Ingredion Incorporated
• Richardson International
• Roquette Frères
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Corn Oil Market

Which Region Dominates the Corn Oil Market in 2024?

According to Cognitive Market Research, The North American Corn Oil Market dominated this market in 2023, since the product is being employed in the feedstock and food industries. Over the last ten years, biodiesel has become more popular as a substitute for reducing environmental pollution. Because of the increased need for green fuels in the North American aviation industry, biodiesel has experienced remarkable expansion.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific Corn Oil market is predicted to develop significantly between 2024 and 2032. It is commonly used to make a range of food products, including as soap, ink, and lotion. Government measures to reduce the carbon footprint in Asian countries such as China, India, Malaysia, and Indonesia have a direct impact on biodiesel consumption. China aims to embrace 10% biofuel use by 2020.

The current report Scope analyzes Corn Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Corn Oil

<P>According to Cognitive Market Research, the global Corn Oil market size was estimated at USD 6698.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2679.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the US had a major share in the Corn Oil market with a market size of USD 2113.95 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. In the US, corn oil is widely used in various industries, such as food processing, biofuel production, and animal feed.</li> <li>The Canada Corn Oil market had a market share of USD 321.51 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's agriculture sector, including corn production, contributes to the availability of corn oil for various applications.</li> <li>The Mexico Corn Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 243.81 million in 2024.</li></ul>

Europe Corn Oil

<p>According to Cognitive Market Research, the global Corn Oil market size was estimated at USD 6698.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2009.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. </P> <ul><li>The United Kingdom Corn Oil market had a market share of USD 337.59 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Corn Oil sales witness an upswing due to the increasing consumer awareness about healthier cooking oil options.</li> <li>The France Corn Oil market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 184.87 million in 2024.</li> <li>According to Cognitive Market Research, the German Corn Oil market size was valued at USD 397.87 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Corn Oil surged due to increasing focus on sustainable and renewable energy sources.</li> <li>The Italy Corn Oil market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 172.81 million in 2024.</li> <li>The Russia Corn Oil market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 311.47 million in 2024.</li> <li>The Spain Corn Oil market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 164.78 million in 2024</li> <li>The Luxembourg Corn Oil market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 62.29 million in 2024.</li> <li>The Portugal Corn Oil market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 42.20 million in 2024.</li> <li>The Greece Corn Oil market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 24.11 million in 2024.</li> <li>Rest of Europe's Corn Oil market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 311.47 million in 2024.</li></ul>

Asia Pacific Corn Oil

<P>According to Cognitive Market Research, the global Corn Oil market size was estimated at USD 6698.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1540.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the China Corn Oil market size was valued at USD 693.26 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Corn Oil surged in China due to the increasing consumer awareness about healthier cooking oil options.</li> <li>The Japan Corn Oil market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 212.60 million in 2024.</li> <li>The India Corn Oil market had a market share of USD 184.87 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's rising demand for healthier cooking oil options like corn oil.</li> <li>The South Korean Corn Oil market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 154.06 million in 2024.</li> <li>The Australian Corn Oil market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 80.11 million in 2024.</li> <li>The South East Asia Corn Oil market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 106.30 million in 2024.</li> <li>The Rest of Asia Pacific Corn Oil market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 109.38 million in 2024.</li></ul>

South America Corn Oil

<P>According to Cognitive Market Research, the global Corn Oil market size was estimated at USD 6698.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 334.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .</P> <ul><li>According to Cognitive Market Research, the Brazil Corn Oil market size was valued at USD 143.34 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Corn Oils flourished in Brazil due to increasing demand for natural and nutritious ingredients in food preparation.</li> <li>Argentina's Corn Oil market had a market share of USD 56.26 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In Argentina, the Corn Oil market has seen growth due to the increasing consumer awareness of healthier cooking oil options.</li> <li>Colombia Corn Oil market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 29.81 million in 2024.</li> <li>Peru Corn Oil market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 27.46 million in 2024.</li> <li>Chile Corn Oil market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 24.11 million in 2024.</li> <li>The Rest of Latin America's Corn Oil market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 53.92 million in 2024.</li></ul>

Middle East and Africa Corn Oil

<P>According to Cognitive Market Research, the global Corn Oil market size was estimated at USD 6698.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 133.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..</P> <ul><li>The GCC Countries Corn Oil market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 57.34 million in 2024. Corn Oil sales flourish due to increasing consumer awareness.</li> <li>The Egypt Corn Oil market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 14.07 million in 2024.</li> <li>The South Africa Corn Oil market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 21.17 million in 2024. Corn Oil sales flourish in South Africa due to increasing demand.</li> <li>The Turkey Corn Oil market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 11.52 million in 2024.</li> <li>The Nigeria Corn Oil market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 14.07 million in 2024.</li> <li>The Rest of MEA Corn Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 15.81 million in 2024.</li></ul>

Corn Oil Market Analysis

How are Segments Performing in the Global Corn Oil Market?

Corn Oil Market Type Segment Analysis

According to Cognitive Market Research, the edible segment had the biggest revenue share in 2023. This is explained by the product's numerous medical properties, which make it one of the most popular edible oils for frying. The oil provides a variety of health benefits, including improved heart health, lower cholesterol and blood pressure, moisturizing effects for the skin, and more. The product has high amounts of alpha and gamma tocopherols (vitamin E), which keep the oil from becoming rancid.

The non-edible segment is the fastest-growing category in the corn oil market because of its several applications beyond cooking. Non-edible maize oil has use in a variety of industries, including biofuel manufacturing, animal feed, cosmetics, and pharmaceuticals. The growing need for biofuels as a sustainable energy source has fueled the expansion of non-edible corn oil, which can be transformed into biodiesel.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Corn Oil Industry. Request a Free Sample PDF!

Corn Oil Market Application Segment Analysis

According to Cognitive Market Research, the Food and Beverage category dominated the Corn Oil Market in 2023. The product enhances food flavor, texture, baked goods crispiness, and heat conductivity during cooking, all of which are critical components of food preparation. Because the product has a higher smoke point than its alternatives, such as canola oil and soybean oil, industrial cooks are using it more often. It has a smoke point of 450°. Because it has a stronger flavor than other vegetable oils, it is considered one of the best oils for deep-frying or shallow-frying in a skillet.

Biodiesel is the fastest-growing category in the Corn Oil Market. The growing global focus on sustainability and renewable energy sources has boosted demand for biodiesel, which may be made from corn oil. As countries and industries seek to decrease their carbon impact and reliance on fossil fuels, biodiesel made from corn oil offers a feasible option. This shift toward environmentally friendly energy alternatives has fueled the expansion of the biodiesel segment in the Corn Oil Market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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