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.

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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
Segments	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:

Archer-Daniels-Midland Company
Associated British Foods
Bluecraft Agro
Cargill Inc
Grain Processing Corporation
Greenfield Specialty Alcohols
Ingredion Incorporated
Richardson International
Roquette Frères
Elburg Global
Conagra Brands
Savola Group
Conagra foods limited
bunge limited
marico grp
Abu Dhabi Vegetable Oil Company LLC
Bluecraft Agro
IFFCO
Wilmar international
Taj Agro International
XX Ltd

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Frequently Asked Questions

1. What are the growth drivers for the Corn Oil Market?

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

2. What are the challenge of the Corn Oil Market?

Climate Impacts, Regulatory Challenges, and Shifting Consumer Preferences are the challenge in the Corn Oil Market.

3. What is the projected Corn Oil Market size & and growth rate of the Market?

The Market size was valued at USD 6.96 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 8.24 % from 2024 to 2030, reaching nearly USD 12.12 Billion.

4. What segments are covered in the Market report?

The segments covered in the market report are by Type, and Application.

1.   Corn Oil Market: Research Methodology
1.1. Research Data
1.1.1.   Primary Data
1.1.2.   Secondary Data
1.2. Market Size Estimation
1.2.1.   Bottom-Up Approach
1.2.2.   Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Assumptions

2. Corn Oil Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions

3.   Corn Oil Market: Competitive Landscape
3.1. Stellar Competition Matrix
3.2. Key Players Benchmarking
3.2.1.   Company Name
3.2.2.   Headquarter
3.2.3.   Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1.   Market Leaders
3.3.2.   Market Followers
3.3.3.   Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
3.4.4. Product Launches and Innovation

4.   Corn Oil Market: Dynamics
4.1. Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factors
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Trade Analysis
4.10.1.   Import Scenario
4.10.2.   Export Scenario
4.11. Regulatory Landscape
4.11.1.   Market Regulation by Region
4.11.1.1.   North America
4.11.1.2.   Europe
4.11.1.3.   Asia Pacific
4.11.1.4.   Middle East and Africa
4.11.1.5.   South America
4.11.2.   Impact of Regulations on Market Dynamics
4.11.3.   Government Schemes and Initiatives

5.   Corn Oil Market Size and Forecast by Segments (by Value USD Million and Volume in Litres)
5.1. Corn Oil Market Size and Forecast, By Type (2023-2030)
5.1.1.   Edible
5.1.2.   Non-Edible
5.2. Corn Oil Market Size and Forecast, By Application (2023-2030)
5.2.1.   Food & Beverage
5.2.2.   Pharmaceuticals
5.2.3.   Cosmetics & Personal Care
5.2.4.   Animal Feed
5.2.5.   Industrial
5.2.6.   Biodiesel
5.3. Corn Oil Market Size and Forecast, by Region (2023-2030)
5.3.1.   North America
5.3.2.   Europe
5.3.3.   Asia Pacific
5.3.4.   Middle East and Africa
5.3.5.   South America

6.   North America Corn Oil Market Size and Forecast (by Value USD Million and Volume in Litres)
6.1. North America Corn Oil Market Size and Forecast, By Type (2023-2030)
6.1.1.   Edible
6.1.2.   Non-Edible
6.2. North America Corn Oil Market Size and Forecast, By Application (2023-2030)
6.2.1.   Food & Beverage
6.2.2.   Pharmaceuticals
6.2.3.   Cosmetics & Personal Care
6.2.4.   Animal Feed
6.2.5.   Industrial
6.2.6.   Biodiesel
6.3. North America Corn Oil Market Size and Forecast, by Country (2023-2030)
6.3.1.   United States
6.3.2.   Canada
6.3.3.   Mexico

7.   Europe Corn Oil Market Size and Forecast (by Value USD Million and Volume in Litres)
7.1. Europe Corn Oil Market Size and Forecast, By Type (2023-2030)
7.2. Europe Corn Oil Market Size and Forecast, By Application (2023-2030)
7.3. Europe Corn Oil Market Size and Forecast, by Country (2023-2030)
7.3.1.   UK
7.3.2.   France
7.3.3.   Germany
7.3.4.   Italy
7.3.5.   Spain
7.3.6.   Sweden
7.3.7.   Austria
7.3.8.   Rest of Europe

8.   Asia Pacific Corn Oil Market Size and Forecast (by Value USD Million and Volume in Litres)
8.1. Asia Pacific Corn Oil Market Size and Forecast, By Type (2023-2030)
8.2. Asia Pacific Corn Oil Market Size and Forecast, By Application (2023-2030)
8.3. Asia Pacific Corn Oil Market Size and Forecast, by Country (2023-2030)
8.3.1.   China
8.3.2.   S Korea
8.3.3.   Japan
8.3.4.   India
8.3.5.   Australia
8.3.6.   Indonesia
8.3.7.   Malaysia
8.3.8.   Vietnam
8.3.9.   Taiwan
8.3.10.   Bangladesh
8.3.11.   Pakistan
8.3.12.   Rest of Asia Pacific

9.   Middle East and Africa Corn Oil Market Size and Forecast (by Value USD Million and Volume in Litres)
9.1. Middle East and Africa Corn Oil Market Size and Forecast, By Type (2023-2030)
9.2. Middle East and Africa Corn Oil Market Size and Forecast, By Application (2023-2030)
9.3. Middle East and Africa Corn Oil Market Size and Forecast, by Country (2023-2030)
9.3.1.   South Africa
9.3.2.   GCC
9.3.3.   Egypt
9.3.4.   Nigeria
9.3.5.   Rest of ME&A

10.   South America Corn Oil Market Size and Forecast (by Value USD Million and Volume in Litres)
10.1. South America Corn Oil Market Size and Forecast, By Type (2023-2030)
10.2. South America Corn Oil Market Size and Forecast, By Application (2023-2030)
10.3. South America Corn Oil Market Size and Forecast, by Country (2023-2030)
10.3.1.   Brazil
10.3.2.   Argentina
10.3.3.   Rest of South America

11.   Company Profile: Key players
11.1. Archer-Daniels-Midland Company
11.1.1.   Company Overview
11.1.2.   Product Portfolio
11.1.3.   Financial Overview
11.1.3.1.   Total Revenue
11.1.3.2.   Segment Revenue
11.1.3.3.   Regional Revenue
11.1.4.   SWOT Analysis
11.1.5.   Strategic Analysis
11.1.6.   Recent Developments
11.2. Associated British Foods
11.3. Bluecraft Agro
11.4. Cargill Inc
11.5. Grain Processing Corporation
11.6. Greenfield Specialty Alcohols
11.7. Ingredion Incorporated
11.8. Richardson International
11.9. Roquette Frères
11.10. Elburg Global
11.11. Conagra Brands
11.12. Savola Group
11.13. Conagra foods limited
11.14. bunge limited
11.15. marico grp
11.16. Abu Dhabi Vegetable Oil Company LLC
11.17. Bluecraft Agro
11.18. IFFCO
11.19. Wilmar international
11.20. Taj Agro International
11.21. XX Ltd