Global Corn Oil Market will propel to garner USD 2,858.6 Mn, with a CAGR of 5.1% by 2025
05 June 2018
Corn oil healthy edible oil extracted from the germ of corn (maize). The germ is the small germinating part of the seed, which grows into a new maize plant. Corn germs are extremely nutritional. There are different methods of extracting oil from the seed germs. The best oil in terms of health benefits is the oil processed as cold pressed oil. The oil when extracted is dense and needs to be refined before it is used for cooking purposes. The unrefined or unprocessed type of corn oil is healthy as it contains a massive amount of phytochemicals that helps in boosting the plant health.
The global corn oil market is segmented into product, application and regional segments. The product segment is segmented into regular and organic corn oil. Household, food service, biodiesel, soap making, paints and others are the applications covered under this study. The benefits of corn oil such as availability of high nutrition, and variety of applications in industries like food, cosmetics etc., drives the corn oil market. Corn oil contains polyunsaturated fatty acids (PUFAs) which is beneficial in terms of health. Corn oil is very useful for health conscious people as it holds low saturated fats. Due to its nutritional benefits its demand is increasing continuously from food and cosmetic industry. It is rich in vitamin E. Therefore, it works as a powerful antioxidant which increases its demand in pharmaceutical.
In terms of volume, global corn oil market in 2017 stood at 2,579.5 kilo tons and is expected to reach 3,829.4 kilo tons by 2025 growing at a CAGR of 4.2% from 2018 to 2025. In terms of revenue, global corn oil market in 2017 stood at USD 2,130.9 Mn and is expected to reach USD 2,858.6 Mn by 2025 growing at a CAGR of 5.1% from 2018 to 2025. In terms of revenue, the global corn oil market is dominated by the regular corn oil product which accounted for around 65% share of the total market. Household application is the largest application segment of the corn oil market and it accounted for approximately 46% share of the total market in terms of revenue.
North America dominated the global corn oil market due to the growing heath awareness in the region. In addition, high production of corn oil in the North America helps to grow the market in coming years.
ACH, ConAgra Foods, Cargill, CHS, Elburg Global, ADVOC, Savola Group, Cairo Oil and Soap, TRIANGULO ALIMENTOS, SAPORITO FOODS, J.M. Smucker and FELDA are some leading vendors of this market. Some additional companies included in the study are NutriAsia, Lam Soon, N.K. Proteins, ADM, Sunora Foods, Henry Lamotte, Yonca Gida among others.
The global corn oil market is segmented as follows;