Corn Oil Market: Global Industry Analysis and Forecast (2024-2030)

  • Corn Oil Market size was valued at USD 6.96 Bn. in 2023 and the Corn Oil revenue is expected to grow at a CAGR of 8.24% from 2024 to 2030, reaching nearly USD 12.12 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2037

Corn Oil Market Overview:

The Oil extracted from corn germs is referred to as corn oil or maize oil. It is typically utilized as the cooking medium because of its high smoke points, anti-inflammatory and polyunsaturated fats properties. In addition, it finds various applications in pharmaceutical, cosmetic and animal feeds industries. For many years now, corn oil has been very common in food & beverage. In the past few years, corn oil has been an essential ingredient in enhancing dishes’ tastes, favourite amongst consumers trying new recipes with it and has also proven to be an all-around culinary exposure.

 

Several health benefits attributed to the oil, including improved eye health and controlled cholesterol levels as well as the provision of vitamin E, essential fatty acids and this makes it good for a diet. Besides biodiesel’s major raw material is this oil for example, it was worth $870 per metric ton for one year in the USA as per the global market analysis article of the Foreign Agricultural Service and shot up to $1,193 per ton for another year.

Corn Oil Market

 

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Corn Oil Market Dynamics:

Health Consciousness and Industry Demand are fuelling the Corn Oil Market.

The Corn oil market has been experiencing steady growth as well as dynamic shifts occurring simultaneously. This is mainly because people from all over the world prefer using corn oil, which they believe to be much better especially when it comes to cholesterol levels or trans-fats unlike other types from time memorial. In Addition, its market expansion is fueled by growing demand of corn oil found in different food industry that includes bakery and snacks sector but weather conditions trade policies shifting consumption trends towards alternative oils such as soybean are some factors which cause great fluctuations from time to time in its cost which may lead into substantial changes in corn oils prices.

 

Corn Oil Market Faces Uncertain Future amid Climate Impacts, Regulatory Challenges, and Shifting Consumer Preferences

The corn oil market faces several serious problems that affect its stability and growth. For one, the volatility in corn prices has been caused by variations in crop yields that are subject to climate change which in turn directly influences production costs and market supply. In Addition, corn oil prices are also affected by the intense competition from other oils. The dynamics of the market are exacerbated by regulatory policies, particularly those focusing on health and biofuel policies. Sustainability issues for farming corn are further exacerbated by the fear of these agrochemicals’ unfriendly environmental impact. More problems are added by changes in consumer tastes that have made people turn to oils other than corn oil considered healthier, a luxury that cannot be afforded by producers of corn oil.

 

Corn Oil Market Segment Analysis:

By Type, There are two main types of corn oil: refined and unrefined. Corn oil that has been refined is more common and is primarily used for cooking and food processing because it does not have a strong flavor, has a high smoke point and stored for longer periods. Although less common, cold dressings such as salads use it unrefined corn oil because it has more nutritional value and its taste makes it healthier. People like refined oil because it can be used for many things and is cheap; they like unrefined oil because it is more natural and has more nutrients, making it better for our bodies.

Corn Oil Market1

Corn Oil Market Regional Insight:

The corn oil market differs in different regions because of dissimilarities in consumer preferences as well as government policies. It is in North America especially the United States where there is large scale production and use of corn oils. Europe experiences an increase in non-GMO and organic derivatives, and Asia-Pacific gives a lot of opportunities to new markets because of increasing incomes and altered nutrition principles. Latin America and Africa are as well getting more involved in the game, pushing forward agriculture extension. In order to successfully find one’s way around the highly diversified market of corn oil worldwide, it is important to know its regional peculiarities.

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Corn Oil Market Competitive Landscape:

  • In November 2023: Canada-based cooking oil company Mazola launched new vegetable oil products. The company launched four oil varieties: vegetable oil, corn oil, canola olive oil blend and canola oil. These products are available in several retail outlets across Canada.
  • In September 2021: Nestle, a Swiss multinational food and beverage industry, agreed to acquire 100% of Agri Trading, a major player in trading animal fat waste, used cooking oil, technical corn oil, and other vegetable oils. The agreement supported both companies' renewable growth strategy and further strengthened their global renewable raw material sourcing and footprint in the U.S.

 

Corn Oil Market Scope:

Corn Oil Market

Market Size in 2023

USD 6.96 Bn.

Market Size in 2030

USD 12.12 Bn.

CAGR (2024-2030)

8.24 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By Type

Edible

Non-edible

By Application

Food & Beverage

Pharmaceuticals

Cosmetics & Personal Care

Animal Feed

Industrial

Biodiesel

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Corn Oil Market Key Players:

  1. Archer-Daniels-Midland Company
  2. Associated British Foods
  3. Bluecraft Agro
  4. Cargill Inc
  5. Grain Processing Corporation
  6. Greenfield Specialty Alcohols
  7. Ingredion Incorporated
  8. Richardson International
  9. Roquette Frères
  10. Elburg Global
  11. Conagra Brands
  12. Savola Group
  13. Conagra foods limited
  14. bunge limited
  15. marico grp
  16. Abu Dhabi Vegetable Oil Company LLC
  17. Bluecraft Agro
  18. IFFCO
  19. Wilmar international
  20. Taj Agro International
  21. XX Ltd


Frequently Asked Questions

Health Consciousness and Industry Demand are the driver of the Corn Oil Market.

1.    Corn Oil Market: Research Methodology 
2.    Corn Oil Market: Executive Summary
3.    Corn Oil Market: Competitive Landscape

4.    Potential Areas for Investment
4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Corn Oil Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6.    Corn Oil Market: Dynamics
6.1. Market Trends 
6.2. Market Drivers 
6.3. Market Restraints
6.4. Market Opportunities
6.5. Market Challenges
6.6. PORTER’s Five Forces Analysis
6.7. PESTLE Analysis
6.8. Strategies for New Entrants to Penetrate the Market
6.9. Regulatory Landscape by Region
6.9.1.    North America
6.9.2.    Europe
6.9.3.    Asia Pacific
6.9.4.    Middle East and Africa
6.9.5.    South America

7.    Corn Oil Market Size and Forecast by Segments (by Value Units)
7.1. Corn Oil Market Size and Forecast, by Type (2023-2030)
7.1.1.    Edible
7.1.2.    Non-edible

7.2. Corn Oil Market Size and Forecast, by Application (2023-2030)
7.2.1.    Food & Beverage
7.2.2.    Pharmaceuticals
7.2.3.    Cosmetics & Personal Care
7.2.4.    Animal Feed
7.2.5.    Industrial
7.2.6.    Biodiesel

7.3. Corn Oil Market Size and Forecast, by Region (2023-2030)
7.3.1.    North America
7.3.2.    Europe
7.3.3.    Asia Pacific
7.3.4.    Middle East and Africa
7.3.5.    South America

8.    North America Corn Oil Market Size and Forecast (by Value Units)
8.1. North America Corn Oil Market Size and Forecast, by Type (2023-2030)
8.1.1.    Edible
8.1.2.    Non-edible

8.2. Corn Oil Market Size and Forecast, by Application (2023-2030)
8.2.1.    Food & Beverage
8.2.2.    Pharmaceuticals
8.2.3.    Cosmetics & Personal Care
8.2.4.    Animal Feed
8.2.5.    Industrial
8.2.6.    Biodiesel

8.3. North America Corn Oil Market Size and Forecast, by Country (2023-2030)
8.3.1.    United States
8.3.2.    Canada
8.3.3.    Mexico

9.    Europe Corn Oil Market Size and Forecast (by Value Units)
9.1. Europe Corn Oil Market Size and Forecast, by Type (2023-2030)
9.1.1.    Edible
9.1.2.    Non-edible

9.2. Corn Oil Market Size and Forecast, by Application (2023-2030)
9.2.1.    Food & Beverage
9.2.2.    Pharmaceuticals
9.2.3.    Cosmetics & Personal Care
9.2.4.    Animal Feed
9.2.5.    Industrial
9.2.6.    Biodiesel

9.3. Europe Corn Oil Market Size and Forecast, by Country (2023-2030)
9.3.1.    UK
9.3.2.    France
9.3.3.    Germany
9.3.4.    Italy
9.3.5.    Spain
9.3.6.    Sweden
9.3.7.    Russia 
9.3.8.    Rest of Europe

10.    Asia Pacific Corn Oil Market Size and Forecast (by Value Units)
10.1. Asia Pacific Corn Oil Market Size and Forecast, by Type (2023-2030)
10.1.1.    Edible
10.1.2.    Non-edible

10.2. Corn Oil Market Size and Forecast, by Application (2023-2030)
10.2.1.    Food & Beverage
10.2.2.    Pharmaceuticals
10.2.3.    Cosmetics & Personal Care
10.2.4.    Animal Feed
10.2.5.    Industrial
10.2.6.    Biodiesel

10.3. Asia Pacific Air Traffic Control (ATC) Communications Market Size and Forecast, by Country (2023-2030)
10.3.1.    China
10.3.2.    S Korea
10.3.3.    Japan
10.3.4.    India
10.3.5.    Australia
10.3.6.    Indonesia 
10.3.7.    Malaysia
10.3.8.    Vietnam
10.3.9.    Taiwan
10.3.10.    Bangladesh
10.3.11.    Pakistan
10.3.12.    Rest of Asia Pacific

11.    Middle East and Africa Corn Oil Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Corn Oil Market Size and Forecast, by Type (2023-2030)
11.1.1.    Edible
11.1.2.    Non-edible

11.2. Middle East and Africa Market Size and Forecast, by Application (2023-2030)
11.2.1.    Food & Beverage
11.2.2.    Pharmaceuticals
11.2.3.    Cosmetics & Personal Care
11.2.4.    Animal Feed
11.2.5.    Industrial
11.2.6.    Biodiesel

11.3. Middle East and Africa Corn Oil Market Size and Forecast, by Country (2023-2030)
11.3.1.    South Africa
11.3.2.    GCC
11.3.3.    Egypt
11.3.4.    Nigeria
11.3.5.    Rest of ME&A

12.    South America Corn Oil Market Size and Forecast (by Value Units)
12.1. South America Corn Oil Market Size and Forecast, by Type (2023-2030)
12.1.1.    Edible
12.1.2.    Non-edible

12.2. South America Market Size and Forecast, by Application (2023-2030)
12.2.1.    Food & Beverage
12.2.2.    Pharmaceuticals
12.2.3.    Cosmetics & Personal Care
12.2.4.    Animal Feed
12.2.5.    Industrial
12.2.6.    Biodiesel

12.3. South America Corn Oil Market Size and Forecast, by Country (2023-2030)
12.3.1.    Brazil
12.3.2.    Argentina
12.3.3.    Rest of South America

13.    Company Profile: Key players
13.1. Archer-Daniels-Midland Company
13.1.1.    Company Overview
13.1.2.    Financial Overview
13.1.3.    Business Portfolio
13.1.4.    SWOT Analysis
13.1.5.    Business Strategy 
13.1.6.    Recent Developments

13.2. Associated British Foods
13.3. Bluecraft Agro
13.4. Cargill Inc
13.5. Grain Processing Corporation
13.6. Greenfield Specialty Alcohols
13.7. Ingredion Incorporated
13.8. Richardson International
13.9. Roquette Frères
13.10. Elburg Global
13.11. Conagra Brands
13.12. Savola Group
13.13. Conagra foods limited
13.14. bunge limited
13.15. marico grp
13.16. XX Ltd
14.    Key Findings
15.    Industry Recommendation

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