Global Corn Oil Market Overview:
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 region Some of the players profiled in the study are 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).
On the basis of geography, the market of Corn Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Corn Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Household will boost the Corn Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing consumption of corn oil as a feedstock for industrial applications such as biodiesel preparation, soap making, etc
- Rising government regulation especially important in states with low carbon fuels standards such as California
- Growing adoption of corn oil by individual consumers
- Booming in the online sales of corn oil
- High cost of raw materials
- Lack of local production
- Rising demand for edible corn oil from retail, food processing and food service industries
- Increasing demand from young population
- Substitute such as other cooking oil
Key Market Developments:
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
Industry Investors, Corn oil Providers/Vendors, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Original Equipment Manufacturer, Component Supplier, Distributors, Government Body & Associations and End user
Major Objectives Focused through this Study
To define, describe, and forecast the Global Corn Oil market on the basis of product [Regular Corn Oil and Organic Corn Oil] , application [Food Processing, Food Service, Biodiesel, Soap Making, Paints and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Corn Oil market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Corn Oil industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Lam Soon Edible Oils Sdn. Bhd (Malaysia), FEC Solutions (United States), Associated British Food plc, (United Kingdom) and GreenField Specialty Alcohols Inc. (Canada).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Corn Oil market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.