Corn Oil Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Corn oil is much known as healthy edible oil and is widely used as cooking oil worldwide. Corn oil has various therapeutic properties which makes it vulnerable for its use in various applications. It is also known to provide various health benefits which such as, it lowers the cholesterol, improves heart health, and lowers blood pressure and as emollient for skin among others. These factors have led to high demand for corn oil in the market. Corn oil is widely used as feedstock for biodiesel and hence is expected to experience high demand from the market, especially in Europe. Stringent environmental regulations have led to high demand for biofuels in the region. Hence, corn oil is expected to experience high demand from the European market in the near future. Cooking oil accounted as the second largest application segment of corn oil and is anticipated to fuel growth of corn oil in the near future. Growing demand for corn oil as cooking oil due to its healthy benefits has led to high demand from the market. Asia Pacific accounted as the second largest market for corn oil due to growing demand for corn oil as cooking oil in most of the countries in the region. Hence, high demand is reported for corn oil from Asia Pacific in the near future. Other applications of corn oil such as soap making, paints, textiles, pharmaceutical preparations and others are also projected to boost high demand for corn oil in the near future.

Corn oil market was valued at US$ 0.16 Bn in 2020 and is expected to reach US$ 0.21 Bn by 2029, growing at a CAGR of 3.5% during the forecast period 2021-2029.

Purpose of the Report

The purpose of this strategic research study titled “Global Corn oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global corn oil market.

Target Audience

• Industry Investors
• Corn oil Providers/Vendors
• Research Professionals
• Emerging Companies
• Raw Material Suppliers/ Buyers
• Product Suppliers/ Buyers
• Research Institutes

USP and Key Offerings

The report titled “Global Corn oil Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2029” offers strategic insights into the global corn oil market along with the market size and estimates for the duration 2020 to 2029. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading corn oil vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within corn oil industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2018 - 2019)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global corn oil market, of growth, offering market size and estimates for the period from 2020 to 2029, keeping in mind the above mentioned factors.

On the basis of its application, the corn oil market is categorized into following segments:

• Biodiese
• Cooking Oil
• Soap Making
• Paint
• Textiles
• Pharmaceutical Preparations
• Others (Inks, Insecticides, etc.)

Corn oil has large number of beneficial properties which make it vulnerable for its use for wide range of applications in the market. Corn oil is known to be healthy edible oil and hence is widely used for cooking. The therapeutic properties of corn oil are the major factor boosting demand for corn oil as cooking oil. Apart from therapeutic properties, the chemical and physical properties of corn oil have led to high demand from various end-user industries. Based on applications, the global corn oil market is segmented into biodiesel, cooking oil, soap making, paint, textiles, pharmaceutical preparations and others. Among these, biodiesel accounted for major share of global corn oil market in 2020 and is anticipated to rise in the near future. Corn oil is known to meet the feedstock market demand in the market. Corn oil is expected to displace other edible oils for biodiesel production. Hence, high demand is expected for corn oil from the biodiesel manufacturers in the market worldwide. Cooking oil accounted as the second largest market for corn oil, in terms of demand and is expected to increase in the near future. Corn oil is known to be the healthy edible oil which has a number of health benefits such as lowering cholesterol improves heart health and lowers high blood pressure and is known to be good for skin and hair. These properties have led to high demand for corn oil as cooking oil in the market. Soap making accounted as the third largest market for cooking oil and is anticipated to boost high demand for corn oil in the market. Corn oil is known to have beneficial properties for skin and hair. Therefore, due to these beneficial properties of corn oil, it is widely used in the manufacture of soap. Corn oil is also used in other applications such as paints, textiles and pharmaceutical preparations among other applications and high demand is expected from these industries in the near future.

On the basis of geography, the global corn oil market is segmented into following categories

• North America
• U.S.
• Canada
• Rest of North America
• Europe
• France
• Germany
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• UAE
• Israel
• Rest of MEA

North America accounted for larger share of global corn oil market in 2020 and is expected to increase in the near future. North America produces about half of the total harvest. In Canada around 32,300 farms reported the planting of 1.63 million hectares of corn. In addition, corn is the third most valuable crop of Canada, thus driving the market for corn oil in North America. Therefore, high demand is expected for corn oil for wide range of applications in the region. Asia Pacific followed North America in terms of demand and is expected to rise during the forecast period from 2021 to 2029. Growing consumption of corn oil as edible oil in major countries of Asia Pacific has led to high demand for corn oil in the region. Due to the beneficial properties of corn oil, many countries cultivate corn which is another factor boosting growth of global corn oil market in the region. Corn oil is widely used as healthy edible oil for cooking, baking and frying. It is also known to be cheap than other edible oils available in the market. These factors have promoted the demand for corn oil in the region, thereby leading to growth of global corn oil market. Europe accounted as the third largest market for corn in 2020. Growing demand for corn oil as a biodiesel feedstock has led to high demand for corn oil in the region. Hence, Europe is anticipated to boost high demand for corn oil in the market. Other regions such as Latin America and Middle East & Africa are also expected to contribute to the growth of global corn oil market during the forecast period from 2021 to 2029.


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