Industry Background:
Corn oil which is also known as the maize oil is the oil that is extracted from the germ of corn (maize). Its main use is in the cooking, where its high smoke point makes the refined corn oil a valuable frying oil. Corn oil is much known for it healthy edible oil and is widely used worldwide as cooking oil. Corn oil has various properties related to therapeutic which makes it vulnerable for its use in several applications. Corn oil is widely used as feedstock for the biodiesel and hence it is expected to experience high demand from the market, especially in the Europe regionThis growth is primarily driven by Growing consumption of corn oil as a feedstock for industrial applications such as biodiesel preparation, soap making, etc
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Abu Dhabi Vegetable Oil Company (United Arab Emirates), Wilmar International Ltd. (Singapore), Cargill, Incorporated (United States), Archer Daniels Midland Company (United States), ConAgra Brands, Inc (United States), IFFCO (India), ACH Food Companies, Inc. (United States), Cairo Oil And Soap (Egypt), The Savola Group (Saudi Arabia) and Henry Lamotte Oils GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
Archer Daniels Midland Company announced that it has agreed to terms granting exclusivity in discussions to purchase Neovia, a global provider of value-added animal nutrition solutions, with 72 production facilities and a presence in 25 countries, headquartered in Saint-Nolff, Britanny, France
Cargill, one of the world’s biggest wholesale food suppliers, has bowed to consumer trends by offering its first products with a seal of approval from the leading US verifier of products free of bioengineering
Influencing Trend:
Growing adoption of corn oil by individual consumers and Booming in the online sales of corn oil
Market Growth Drivers:
Growing consumption of corn oil as a feedstock for industrial applications such as biodiesel preparation, soap making, etc and Rising government regulation especially important in states with low carbon fuels standards such as California
Challenges:
Substitute such as other cooking oil
Restraints:
High cost of raw materials and Lack of local production
Opportunities:
Rising demand for edible corn oil from retail, food processing and food service industries and Increasing demand from young population
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Corn Oil Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Corn Oil Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Corn Oil players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Corn Oil Study Sheds Light on
The Corn Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Corn Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Corn Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.