PUBLISHER: IMARC | PRODUCT CODE: 1451066
PUBLISHER: IMARC | PRODUCT CODE: 1451066
Corn Oil Market Report by Product Type (Edible, Non-Edible), Application (Food, Biofuel, Industrial, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Departmental Stores, and Others), and Region 2024-2032
The global corn oil market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.2 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.
Corn oil is a form of vegetable oil which is extracted from corn germ. It is available in both edible and non-edible forms. Corn oil is mainly composed of polyunsaturated fatty acids and has low content of saturated fats. Hence, it is considered to be a healthy alternative of other edible oil counterparts available in the market. The growing incidences of lifestyle diseases coupled with rising health awareness among consumers has significantly contributed in driving the demand for corn oil globally. Moreover, the use of corn oil in the production of biofuel and various other industrial products such as soaps, paints, textiles, pharmaceuticals, poultry, pesticides etc. have further augmented the growth of the market.
Rising health awareness among consumers has resulted into increasing preference for corn oil due to its health benefits. Moreover, increasing disposable incomes have also enabled consumers to prioritize health over product price. Moreover, as a result of rising environmental concerns, diminishing oil and natural gas resources, and the governments focusing on using cleaner fuels to reduce carbon footprint, the usage of renewable energy sources such as biofuel has been continuously increasing. Though soybean oil is currently being used as the major feedstock in biofuel production, the usage of corn oil in the same has also witnessed substantial growth in recent years. This trend is expected to further aid the growth of the corn oil market globally. Additionally, apart from food and biodiesel applications, corn oil also has a wide array of other industrial applications such as soaps, paints, pesticides, textiles etc. With increasing global population and economic growth across both developed and emerging markets, these end-use industries are also expected to witness substantial growth, creating a positive impact on the demand of corn oil.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global corn oil market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type, application, and distribution channel.
Regional Insights:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America currently accounts for the largest share in the global corn oil market.
Breakup by Product Type:
Edible
Non-Edible
The edible form of corn oil currently dominates the global market
Breakup by Application:
Food
Biofuel
Industrial
Others
Food applications currently represent the largest application segment.
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Departmental Stores
Others
Supermarkets and Hypermarkets currently enjoy the leading position in the global corn oil market.
Competitive Landscape:
The report has also analysed the competitive landscape of the global corn oil market. Some of the leading players include Archer Daniels Midland Company (ADM), ACH Food Companies, Cargill, Inc., Abu Dhabi Vegetable Oil Company (ADVOC), Elburg Global, Conagra Brands, Inc., and Savola Group, etc.
Key Questions Answered in This Report
- 1. What was the size of the global corn oil market in 2023?
- 2. What is the expected growth rate of the global corn oil market during 2024-2032?
- 3. What are the key factors driving the global corn oil market?
- 4. What has been the impact of COVID-19 on the global corn oil market?
- 5. What is the breakup of the global corn oil market based on the product type?
- 6. What is the breakup of the global corn oil market based on the application?
- 7. What is the breakup of the global corn oil market based on the distribution channel?
- 8. What are the key regions in the global corn oil market?
- 9. Who are the key players/companies in the global corn oil market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Corn Oil Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.2.1 Volume Trends
- 5.2.2 Value Trends
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by Application
- 5.7 Market Breakup by Distribution Channel
- 5.8 Market Forecast
- 5.9 SWOT Analysis
- 5.9.1 Overview
- 5.9.2 Strengths
- 5.9.3 Weaknesses
- 5.9.4 Opportunities
- 5.9.5 Threats
- 5.10 Value Chain Analysis
- 5.10.1 Overview
- 5.10.2 Raw Material Procurement
- 5.10.3 Manufacturing
- 5.10.4 Marketing
- 5.10.5 Distribution
- 5.10.6 End-Use
- 5.11 Porter's Five Forces Analysis
- 5.11.1 Overview
- 5.11.2 Bargaining Power of Buyers
- 5.11.3 Bargaining Power of Suppliers
- 5.11.4 Degree of Competition
- 5.11.5 Threat of New Entrants
- 5.11.6 Threat of Substitutes
- 5.12 Price Analysis
- 5.12.1 Key Price Indicators
- 5.12.2 Price Structure
- 5.12.3 Margin Analysis
- 5.13 Key Success and Risk Factors
6 Market Breakup by Region
- 6.1 North America
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Europe
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Asia Pacific
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Latin America
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Middle East and Africa
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Product Type
- 7.1 Edible
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Non-Edible
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 Food
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Biofuel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Departmental Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Imports and Exports
- 10.1 Imports by Major Countries
- 10.2 Exports by Major Countries
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
12 Corn Oil Manufacturing Process
- 12.1 Product Overview
- 12.2 Detailed Process Flow
- 12.3 Various Unit Operations Involved
- 12.4 Mass Balance and Raw Material Requirements
13 Project Details, Requirements and Costs Involved
- 13.1 Land Requirements and Expenditures
- 13.2 Construction Requirements and Expenditures
- 13.3 Plant Machinery
- 13.4 Raw Materials Requirements and Expenditures
- 13.5 Packaging Requirements and Expenditures
- 13.6 Transportation Requirements and Expenditures
- 13.7 Utilities Requirements and Expenditures
- 13.8 Manpower Requirements and Expenditures
- 13.9 Other Capital Investments
14 Loans and Financial Assistance
15 Project Economics
- 15.1 Capital Cost of the Project
- 15.2 Techno-Economic Parameters
- 15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 15.4 Income Projections
- 15.5 Expenditure Projections
- 15.6 Taxation and Depreciation
- 15.7 Financial Analysis
- 15.8 Profit Analysis
16 Profiles of Key Players
- 16.1 Archer Daniels Midland Company (ADM)
- 16.2 ACH Food Companies
- 16.3 Cargill, Inc.
- 16.4 Abu Dhabi Vegetable Oil Company (ADVOC)
- 16.5 Elburg Global
- 16.6 Conagra Brands, Inc.
- 16.7 Savola Group
List of Figures
- Figure 1: Global: Corn Oil Market: Major Drivers and Challenges
- Figure 2: Global: Corn Oil Market: Production Volume (in Million Tons), 2018-2023
- Figure 3: Global: Corn Oil Market: Production Value (in Billion US$), 2018-2023
- Figure 4: Global: Corn Oil Market: Breakup by Region (in %), 2023
- Figure 5: Global: Corn Oil Market: Breakup by Product Type (in %), 2023
- Figure 6: Global: Corn Oil Market: Breakup by Application (in %), 2023
- Figure 7: Global: Corn Oil Market: Breakup by Distribution Channel (in %), 2023
- Figure 8: Global: Corn Oil Market Forecast: Production Volume (in Million Tons), 2024-2032
- Figure 9: Global: Corn Oil Market Forecast: Production Value (in Billion US$), 2024-2032
- Figure 10: Global: Corn Oil Industry: SWOT Analysis
- Figure 11: Global: Corn Oil Industry: Value Chain Analysis
- Figure 12: Global: Corn Oil Industry: Porter's Five Forces Analysis
- Figure 13: Global: Corn Oil Market: Average Prices (in US$/Ton), 2018-2023
- Figure 14: Global: Corn Oil Market Forecast: Average Prices (in US$/Ton), 2024-2032
- Figure 15: Corn Oil Market: Price Structure
- Figure 16: North America: Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 17: North America: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 18: Europe: Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 19: Europe: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 20: Asia Pacific: Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 21: Asia-Pacific: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 22: Latin America: Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 23: Latin America: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 24: Middle East and Africa: Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 25: Middle East and Africa: Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 26: Global: Edible Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 27: Global: Edible Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 28: Global: Non-Edible Corn Oil Market: Sales Volume (in Million Tons), 2018 & 2023
- Figure 29: Global: Non-Edible Corn Oil Market Forecast: Sales Volume (in Million Tons), 2024-2032
- Figure 30: Global: Corn Oil Market (in Food Applications): Sales Volume (in Million Tons), 2018 & 2023
- Figure 31: Global: Corn Oil Market Forecast (in Food Applications): Sales Volume (in Million Tons), 2024-2032
- Figure 32: Global: Corn Oil Market (in Biofuel Applications): Sales Volume (in Million Tons), 2018 & 2023
- Figure 33: Global: Corn Oil Market Forecast (in Biofuel Applications): Sales Volume (in Million Tons), 2024-2032
- Figure 34: Global: Corn Oil Market (in Industrial Applications): Sales Volume (in Million Tons), 2018 & 2023
- Figure 35: Global: Corn Oil Market Forecast (in Industrial Applications): Sales Volume (in Million Tons), 2024-2032
- Figure 36: Global: Corn Oil Market (in Other Applications): Sales Volume (in Million Tons), 2018 & 2023
- Figure 37: Global: Corn Oil Market Forecast (in Other Applications): Sales Volume (in Million Tons), 2024-2032
- Figure 38: Global: Corn Oil Market: Sales through Supermarkets and Hypermarkets (in Million Tons), 2018 & 2023
- Figure 39: Global: Corn Oil Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Tons), 2024-2032
- Figure 40: Global: Corn Oil Market: Sales through Convenience Stores (in Million Tons), 2018 & 2023
- Figure 41: Global: Corn Oil Market Forecast: Sales through Convenience Stores (in Million Tons), 2024-2032
- Figure 42: Global: Corn Oil Market: Sales through Departmental Stores (in Million Tons), 2018 & 2023
- Figure 43: Global: Corn Oil Market Forecast: Sales through Departmental Stores (in Million Tons), 2024-2032-
- Figure 44: Global: Corn Oil Market: Sales through Other Distribution Channels (in Million Tons), 2018 & 2023
- Figure 45: Global: Corn Oil Market Forecast: Sales through Other Distribution Channels (in Million Tons), 2024-2032
- Figure 46: Global: Corn Oil: Import Breakup by Country (in %), 2022
- Figure 47: Global: Corn Oil: Export Breakup by Country (in %), 2022
- Figure 48: Corn Oil Manufacturing Plant: Detailed Process Flow
- Figure 49: Corn Oil Manufacturing Plant: Various Types of Unit Operations Involved
- Figure 50: Corn Oil Manufacturing Process: Conversion Rate of Feedstocks
- Figure 51: Corn Oil Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 52: Corn Oil Industry: Profit Margins at Various Stages of Supply Chain
- Figure 53: Corn Oil Manufacturing Plant: Breakup of Operational Costs
List of Tables
- Table 1: Global: Corn Oil Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Corn Oil Market Forecast: Breakup by Region (in Million Tons), 2024-2032
- Table 3: Global: Corn Oil Market Forecast: Breakup by Product Type (in Million Tons), 2024-2032
- Table 4: Global: Corn Oil Market Forecast: Breakup by Application (in Million Tons), 2024-2032
- Table 5: Global: Corn Oil Market Forecast: Breakup by Distribution Channel (in Million Tons), 2024-2032
- Table 6: Global: Corn Oil Market: Competitive Structure
- Table 7: Global: Corn Oil Market: Key Players
- Table 8: Corn Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day)
- Table 9: Corn Oil Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 10: Corn Oil Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 11: Corn Oil Manufacturing Plant: Machinery Costs (in US$)
- Table 12: Corn Oil Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
- Table 13: Corn Oil Manufacturing Plant: Costs Related to Utilities
- Table 14: Corn Oil Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 15: Corn Oil Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 16: Corn Oil Manufacturing Plant: Capital Costs (in US$)
- Table 17: Corn Oil Manufacturing Plant: Techno-Economic Parameters
- Table 18: Corn Oil Manufacturing Plant: Taxation (in US$)
- Table 19: Corn Oil Manufacturing Plant: Depreciation (in US$)
- Table 20: Corn Oil Manufacturing Plant: Income Projections (in US$)
- Table 21: Corn Oil Manufacturing Plant: Expenditure Projections (in US$)
- Table 22: Corn Oil Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
- Table 23: Corn Oil Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
- Table 24: Corn Oil Manufacturing Plant: Profit and Loss Account
