Global corn oil market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024.
Market Outline: Corn Oil Market
Corn oil also known as the maize oil is extracted from the germ of corn. The germ is the part of the seed that is germinating. It is a type of edible oil used widely for cooking, in either refined form or unrefined form. Corn oils are cost-effective when compared with that of the other oils and is extremely nutritious. The unrefined form of the oil is healthy with an immense amount of phytochemicals. It tastes nutty with a tinge of corn.
Market Dynamics: Corn Oil Market
Owing to its therapeutic properties, the corn oil is gaining popularity all across the globe. The health benefits associated with the corn oil such as lowering the cholesterol, improving the heart health, helps in lowering the blood pressure, and acts as the emollient for skin, are driving the consumers towards corn oil. The corn oil is also used as an alternative biodiesel which helps in to reduce carbon footprint, which is underpinning the growth of the corn oil market. Corn oil is also used as feedstock for biodiesel, is boosting the growth of the market. The growing demand for the corn oil as cooking oil owing to its health benefits are enhancing the growth of the corn oil market. However, the availability of alternative products is likely to hamper the growth of the corn oil market over the forecast period.
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Market Scope: Corn Oil Market
Corn oil market is segmented based on the product type, application
Based on the product type, the market is segmented into the following:
High Oleic
Middle Oleic
Low Oleic
Based on the application, the market is segmented into the following:
Biodiesel
Soap Making
Food Services
Pharmaceutical
Others
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Regional Analysis: Corn Oil Market
Geographically, global corn oil market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe corn oil market holds the largest share when compared with that of the other regional markets. Germany contributes the higher share in the Europe corn oil market. North America is the favorable market for corn oils in case of consumption. The United States region drives the corn oil market in this region. The Asia Pacific corn oil market is expected to show a rapid growth in the forecasted period owing to its rising demand in the food industry and rising use as cooking oil.
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Competition Assessment: Corn Oil Market
Some of the players in the global corn oil market include:
Archer Daniels Midland Company (U.S)
ConAgra Foods Inc. (U.S)
FEC Solutions (India)
GreenField Specialty Alcohols Inc. (U.S)
Associated British Food plc (UK)
Notable Market Developments: Corn Oil Market
In June 2017, Pacific Ethanol has acquired Illinois Corn Processing
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