Corn oil is much known as healthy edible oil and is widely used as cooking oil worldwide. Corn oil has various therapeutic properties which makes it vulnerable for its use in various applications. It is also known to provide various health benefits which such as, it lowers the cholesterol, improves heart health, and lowers blood pressure and as emollient for skin among others. These factors have led to high demand for corn oil in the market. Corn oil is widely used as feedstock for biodiesel and hence is expected to experience high demand from the market, especially in Europe. Stringent environmental regulations have led to high demand for biofuels in the region. Hence, corn oil is expected to experience high demand from the European market in the near future. Cooking oil accounted as the second largest application segment of corn oil and is anticipated to fuel growth of corn oil in the near future. Growing demand for corn oil as cooking oil due to its healthy benefits has led to high demand from the market. Asia Pacific accounted as the second largest market for corn oil due to growing demand for corn oil as cooking oil in most of the countries in the region. Hence, high demand is reported for corn oil from Asia Pacific in the near future. Other applications of corn oil such as soap making, paints, textiles, pharmaceutical preparations and others are also projected to boost high demand for corn oil in the near future.

Corn oil market was valued at US$ 0.16 Bn in 2020 and is expected to reach US$ 0.21 Bn by 2029, growing at a CAGR of 3.5% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Corn oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global corn oil market.

Target Audience

• Industry Investors
• Corn oil Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Corn oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 – 2029” offers strategic insights into the global corn oil market along with the market size and estimates for the duration 2020 to 2029. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading corn oil vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within corn oil industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 – 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global corn oil market, of growth, offering market size and estimates for the period from 2020 to 2029, keeping in mind the above mentioned factors.

Corn oil has large number of beneficial properties which make it vulnerable for its use for wide range of applications in the market. Corn oil is known to be healthy edible oil and hence is widely used for cooking. The therapeutic properties of corn oil are the major factor boosting demand for corn oil as cooking oil. Apart from therapeutic properties, the chemical and physical properties of corn oil have led to high demand from various end-user industries. Based on applications, the global corn oil market is segmented into biodiesel, cooking oil, soap making, paint, textiles, pharmaceutical preparations and others. Among these, biodiesel accounted for major share of global corn oil market in 2020 and is anticipated to rise in the near future. Corn oil is known to meet the feedstock market demand in the market. Corn oil is expected to displace other edible oils for biodiesel production. Hence, high demand is expected for corn oil from the biodiesel manufacturers in the market worldwide. Cooking oil accounted as the second largest market for corn oil, in terms of demand and is expected to increase in the near future. Corn oil is known to be the healthy edible oil which has a number of health benefits such as lowering cholesterol improves heart health and lowers high blood pressure and is known to be good for skin and hair. These properties have led to high demand for corn oil as cooking oil in the market. Soap making accounted as the third largest market for cooking oil and is anticipated to boost high demand for corn oil in the market. Corn oil is known to have beneficial properties for skin and hair. Therefore, due to these beneficial properties of corn oil, it is widely used in the manufacture of soap. Corn oil is also used in other applications such as paints, textiles and pharmaceutical preparations among other applications and high demand is expected from these industries in the near future.

North America accounted for larger share of global corn oil market in 2020 and is expected to increase in the near future. North America produces about half of the total harvest. In Canada around 32,300 farms reported the planting of 1.63 million hectares of corn. In addition, corn is the third most valuable crop of Canada, thus driving the market for corn oil in North America. Therefore, high demand is expected for corn oil for wide range of applications in the region. Asia Pacific followed North America in terms of demand and is expected to rise during the forecast period from 2021 to 2029. Growing consumption of corn oil as edible oil in major countries of Asia Pacific has led to high demand for corn oil in the region. Due to the beneficial properties of corn oil, many countries cultivate corn which is another factor boosting growth of global corn oil market in the region. Corn oil is widely used as healthy edible oil for cooking, baking and frying. It is also known to be cheap than other edible oils available in the market. These factors have promoted the demand for corn oil in the region, thereby leading to growth of global corn oil market. Europe accounted as the third largest market for corn in 2020. Growing demand for corn oil as a biodiesel feedstock has led to high demand for corn oil in the region. Hence, Europe is anticipated to boost high demand for corn oil in the market. Other regions such as Latin America and Middle East & Africa are also expected to contribute to the growth of global corn oil market during the forecast period from 2021 to 2029.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Corn Oil market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Corn Oil market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Corn Oil market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Corn Oil market?
• Which is the largest regional market for Corn Oil market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Corn Oil market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Corn Oil market worldwide?