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According to IMARC Group’s latest report, titled “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global corn oil market size reached US$ 5.25 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 8.28 Billion by 2027, exhibiting a CAGR of 7.97% during the forecast period (2022-2027).
Corn oil refers to a type of vegetable oil that is extracted from corn germ. It contains polyunsaturated fatty acids, phytosterols, and a low amount of saturated fats. It is a healthy alternative to other edible oil counterparts available in the market. Due to this and its high smoke point, corn oil is widely used for cooking purposes. Besides this, corn oil also finds extensive applications in the production of biofuel and various other industrial products such as soaps, paints, textiles, pharmaceuticals, poultry, and pesticides.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Corn Oil Market Trends:
The market is primarily driven by the rising health consciousness among the masses. Nowadays, individuals are using corn oil for grilling, deep-frying, baking, and other cooking purposes as it contains polyunsaturated fatty acids, which help promote heart health. In addition, due to the rising environmental concerns and the growing reliance on cleaner fuels to reduce carbon footprint, there has been an escalating demand for biofuels, which is positively influencing the market growth. Besides this, corn oil is utilized in the cosmetic industry as it contains linoleic and oleic acids that help maintain hair and skin health. This, coupled with the rising product adoption as a disintegrant and binder for drug molecules in pharmaceutical preparations, is creating a favorable market outlook across the globe. Moreover, the growing industrial applications of corn oil in manufacturing soaps, paints, pesticides, and textiles are also propelling the market growth.
Global Corn Oil Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The report has segmented the global corn oil market on the basis of type, application, distribution channel and region.
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Key Highlights of the Report:
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