What Is The Current and Historic Market Size Analysis Of The Corn Oil Market?
The corn oil market has seen considerable growth due to a variety of factors.
• The corn oil market has grown consistently in recent years. It will grow from $5.73 billion in 2024 to $6.16 billion in 2025, at a compound annual growth rate (CAGR) of 7.7%.
This growth is attributed to rising demand for biofuels, growth in the food processing industry, increasing health awareness, higher disposable income, and expanding urbanization.
What Are The Predictions for The Corn Oil Market in the Coming Years?
The corn oil market is expected to maintain its strong growth trajectory in upcoming years.
• The corn oil market is expected to grow to $8.19 billion by 2029, at a CAGR of 7.4%.
This growth is driven by the rising preference for organic products, increased biodiesel applications, expansion in the pharmaceutical industry, demand for high-quality edible oils, and growing awareness of healthy cooking oils. Trends include a shift toward organic and non-GMO corn oil, increased biodiesel production, advancements in oil refining technologies, greater use of corn oil in cosmetics, and growth in e-commerce for edible oils.
Which Drivers Are Accelerating Growth In The Corn Oil Market?
The growing demand for chemical-free food products is expected to propel the growth of the corn oil market. As consumers become more health-conscious and environmentally aware, the preference for chemical-free food products, free from synthetic pesticides and herbicides, is rising. Corn oil, due to its natural extraction process, is becoming a popular choice in chemical-free food products. According to the Organic Trade Association, organic food sales in the U.S. reached $61.7 billion in 2022, reflecting a growing market for chemical-free food products and driving the demand for corn oil.
What Are The Core Segments Of The Global Corn Oil Market?
The corn oil market covered in this report is segmented –
1) By Type: Edible, Non-Edible
2) By Grade: Refined Corn Oil, Virgin Corn Oil
3) By Application: Food And Beverages, Pharmaceuticals, Cosmetics And Personal Care, Animal Feed, Industrial, Biodiesel
4) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Departmental Stores, Other Distribution Channels
Subsegments:
1) By Edible: Refined Corn Oil, Unrefined Corn Oil, Blended Corn Oil, Organic Corn Oil, Flavored Corn Oil
2) By Non-Edible: Industrial Corn Oil, Biofuel (Biodiesel), Lubricants And Greases, Pharmaceuticals And Cosmetics
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Which Emerging Market Trends Are Altering The Corn Oil Industry?
Leading companies in the corn oil market are investing in technologies that upgrade distillers' corn oil (DCO) into a higher-value, lower-impurity product. This helps enhance the oil's quality and improves its suitability for culinary and industrial uses. For example, in June 2022, Trucent Inc., a US-based fluid separation company, unveiled CORE technology. This innovation aids in better corn oil extraction with operator-friendly skid-mounted modules and optimized centrifuges. It enables ethanol producers to improve the quality of DCO, facilitating higher-value sales to renewable diesel refineries.
Who Are the Key Players In The Corn Oil Market?
Major companies operating in the corn oil market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• Wilmar International Ltd.
• Bunge Limited
• Associated British Foods
• ConAgra Brands Inc
• Ingredion Incorporated
• Savola Group
• IFFCO
• Roquette Frères
• Richardson International
• ACH Food Companies Inc.
• Lam Soon Edible Oils Sdn. Bhd.
• Greenfield Global
• Grain Processing Corporation
• Taj Agro International
• Abu Dhabi Vegetable Oil Company LLC
• Henry Lamotte Oils GmbH
• Saporito Foods Inc.
• Cairo Oil And Soap
• Bluecraft Agro
• Elburg Global
What Are The Regional Insights Into The Corn Oil Market?
North America was the largest region in the corn oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corn oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
