Corn Oil Market Size - By Type, Distribution Channel, Application, Growth Prospects, Regional Outlook & Forecast, 2024

Description

List of Tables

Corn oil market size is projected to expand at 6.5% CAGR from 2024 to 2032, due to increasing awareness about health benefits, such as low saturated fat content and high levels of unsaturated fats. The growing popularity of plant-based oils as a healthier alternative to animal fats is increasing the appeal of corn oil. The expanding applications of corn oil in food processing, cooking, and salad dressings will add to the industry growth.

Additionally, the rising advancements in extraction technologies and the availability of non-GMO and organic corn oil varieties are helping meet the changing consumer preferences. For instance, in June 2022, Trucent Separation Technologies LLC unveiled CORE, a novel technology designed to notably reduce impurities in distillers corn oil (DCO) for yielding a purer oil known as TruDCO. The rising adoption of corn oil in biodiesel production, cosmetics, and other industrial applications will also complement the product uptake.

The corn oil market is bifurcated into type, distribution channel, application, and region.

Based on distribution channel, the industry value from the B2C sales channel segment is estimated to rise at 8.6% CAGR from 2024 to 2032. The growth can be attributed to the increasing consumer awareness about health-conscious cooking oils and the convenience of purchasing corn oil directly from retail outlets and online platforms. Additionally, promotional activities, product visibility in supermarkets, and the higher availability of various packaging sizes to attract consumer attention will contribute to the segment growth.

Corn oil market share from the bio-diesel application segment is projected to witness 1.4% CAGR through 2032, owing to the increasing demand for renewable and eco-friendly fuel sources. Corn oil serves as a valuable feedstock for biodiesel production due to its high lipid content and favorable characteristics. Additionally, the surge in government initiatives for promoting the use of biofuels and advancements in biodiesel production technologies will favor the segment growth.

Regionally, the Asia Pacific corn oil industry is anticipated to expand at 6.7% CAGR from 2024 to 2032. The increasing population and the rising disposable incomes are leading to the higher consumption of edible oils in the region. Additionally, the growing awareness about the health benefits of corn oil and its versatile applications in cooking and food processing is fueling the product demand. Furthermore, the expanding food sector and the growing demand for healthier cooking alternatives will favor the regional market expansion.

Product Code: 7841

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & workings
1.3 Forecast parameters
1.4 Data applications
- 1.4.1 Primary
- 1.4.2 Data mining source
  - 1.4.2.1 Paid source
  - 1.4.2.2 Public source

Chapter 2 Executive Summary

2.1 Corn oil industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Type trends
2.4 Distribution channel trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Corn Oil Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Application analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2023
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increasing demand for healthy cooking oils
  - 3.6.1.2 Expanding food industry
  - 3.6.1.3 Rising awareness of health benefits
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Competition from alternative oils
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2023
3.9 Porters analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis, 2023
4.3 Global company market share analysis, 2023
- 4.3.1 Company market share analysis, by region, 2023
  - 4.3.1.1 North America
  - 4.3.1.2 Europe
  - 4.3.1.3 Asia Pacific
  - 4.3.1.4 Latin America
  - 4.3.1.5 Middle East & Africa
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Corn Oil Market Size and Forecast, By Type 2018 - 2032

5.1 Key type trends
5.2 Edible
5.3 Non-edible

Chapter 6 Corn Oil Market Size and Forecast, By Distribution Channel2018 - 2032

6.1 Key distribution channel trend
6.2 Direct sales
6.3 B2C sales

Chapter 7 Corn Oil Market Size and Forecast, By Application 2018 - 2032

7.1 Key application trends
7.2 Food & beverage
7.3 Pharmaceuticals
7.4 Cosmetic & personal care
7.5 Industrial
7.6 Bio-diesel

Chapter 8 Corn Oil Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Netherlands
- 8.3.7 Poland
- 8.3.8 Russia
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Thailand
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE

Chapter 9 Company Profiles

9.1 Archer-Daniels-Midland (ADM)
9.2 Cargill
9.3 Bunge
9.4 Louis Dreyfus Company (LDC)
9.5 COFCO Corporation
9.6 NutriAsia
9.7 Sunora Foods
9.8 ADVOC
9.9 ACH. J.M. Smucker
9.10 Cairo Oil and Soap
9.11 Ingredion Incorporated
9.12 Richardson International
9.13 Roquette Freres
9.14 Greenfield Specialty Alcohols
9.15 Abu Dhabi Vegetable Oil Company LLC (AVOC)