Corn Oil Market: Key Players, Growth, Analysis 2018 to 2024

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Corn Oil Market Report, By Type, Application and
Geography Global Market Share, Trend Analysis
and Forecast up to 2024
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The global corn oil market was valued at around
USD 200 million in 2017 and is expected to
expand at a CAGR 4.0 to 5 from 2019 to
2024. Corn is considered to be the most
successful food, feed, and industrial cereal and
corn flour, corn oil, corn flakes, corn syrup,
pop corn, rice corn, and soap are some of the
popular corn products used globally. Corn oil,
pale yellow colored oil procured from kernel of
corn was commercially produced in 1889. It is
used as a cooking medium and for manufacturing
hydrogenated oil. Corn oil also 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. The increase in demand for corn oil in
biodiesel manufacturing and its use as a
feedstock for other fuels is also projected to
propel the market growth in the projected
period. Download a Free Sample Report _at_
https//axiommrc.com/request-for-
sample/?report1453 Key factor driving growth
of global corn oil market is the rising demand
for corn oil as a biodiesel alternative for
reducing carbon footprint. Furthermore, growing
government regulation particularly important in
states with low carbon fuels standards such as
California is further expected to support the
market demand. On the contrary, availability of
other competing materials that can serve similar
purpose at reduced cost may significantly hamper
the growth of corn oil market in the coming
years. Global corn oil market, Based on types
The global corn oil market is segmented into
edible and non-edible oil. Get more details
about this report _at_ https//axiommrc.com/speak-to-
analyst/?report1453
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Global corn oil market, Based on applications
The global corn oil market is segmented into
biodiesel, cooking oil, soap making, paints,
textiles, and others. Cooking oil accounted
for major share in the global corn oil market in
2017 and this segment is further expected to
remain dominant in the near future expanding at
a CAGR of 4.4 from 2019 to 2024. Other
application segments are also expected to
showcase significant growth thereby boost the
demand for corn oil over the forecast period
from 2018 to 2024. Global corn oil market,
Based on geography The global corn oil market
has been segmented into North America, Europe,
Asia Pacific, Latin America, and Middle East
Africa. Europe accounted for the largest share in
the global corn oil market it is further
projected to dominate the global market by 2024.
Asia Pacific accounted to have a second highest
share for corn oil due to growing demand for
corn oil as cooking oil in most of the countries
in the region. Buy this report _at_https//axiommrc.c
om/buy-now/? Global corn oil market, leading
manufacturers ADVOC having strong hold on the
global market. Some of the key manufacturers of
corn oils in the global market include FEC
Solutions, Associated British Food plc,
GreenField Specialty Alcohols Inc., YONCA GIDA
SAN., Archer Daniels Midland Company and ConAgra
Foods Inc., among others.
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