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Allied Market Research

Corn Oil Market by Type (Edible Corn Oiland Non-edible Corn Oil), Application (Residential and Commercial), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027

A08752
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Dec 2020 | 74 Views
 
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The global corn oil market is experiencing a significant growth, and is anticipated togrow considerably in next few years. Corn is one of the most popular food, feed, and industrial cereal crops. The most common corn products consumed worldwide include corn oil, corn flour, corn syrup, and popcorn. The primary application of corn oil as a cooking medium is fueling the growth of global corn oil market. In addition, corn oil is highly preferred for deep frying and is a key ingredient in some margarines. The health benefits of corn oil and its availability at comparatively lower price than other vegetable oils areexpanding its application and demand in the global market.

Market scope and structure analysis

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value ($US)

  Segments covered

  Type, Application, Distribution Channel, Industry Vertical, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and the Rest of LAMEA)

  Companies covered

Abu Dhabi Vegetable Oil Company LLC, Savola Group, Archer Daniels Midland Company, Cargill Inc., Elburg Global B.V., Conagra Brand Inc.,  FEC Solutions LLC, GreenField Specialty Alcohols Inc., Associated British Food Plc., and ACH Food Companies Inc.

 

COVID-19 scenario analysis

Production shutdown scenario

The manufacturing and extraction of corn oil has been abruptly ceased due to the COVID-19 outbreak, causing a downward surge in finished stock of corn oil in the global market.

Disrupted supply chains

The supply chains have been highly disrupted due to lack of transportation of raw materials, which hampered the production of the industry, thuscreating a hugesupply–demandgap.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in application of corn oil in food processing, livestock, and pharmaceutical sector is fostering the pace of growth of global corn oil market.Corn oil has been increasingly used in food processing, owing to its health benefits such as it boosts the immune system and controls blood pressure. Moreover, due to its environment-friendly attributes, the consumption of corn oil as biodiesel has enhanced over a period of time to reduce the carbon footprint. Governments of many countries are likely to initiate the application of corn oil at places with low carbon standards. Changes inconsumer preferences towarda healthier lifestyle and surge in consumer awareness regarding the advantages of corn oil are bolstering the growth of corn oil market.

The global corn oil market trends are as follows:

New product launches to flourish the market

Corn oil is extracted from the corn starch and is widely applied in food processing, livestock, and pharmaceutical sectors. The launch of variants of the same product that can be applied for multiple purposes. Corn oil is preferred by individuals over other vegetable oils in the market, due to its healthy and risk-free attributes.

Increase inprevalence of cardiovascular diseases has urged consumers to shift their buying and consumption habits to healthier and low-cholesterol products.  The presence of fatty acids such as linoleic acid in corn oil boosts the immune function and lowers high blood pressure in individuals suffering from hypertension. This is expected to fuel the application of corn oil, and is expected to boost the market growth during the over the forecastperiod.

Surge in usage in pharmaceuticalindustry

With improving technology, the product application diversifies, which strengthens the base for the core product globally. The application of corn oil in the pharmaceutical sector has notably grownover the period of time, and is anticipated to increase the demand for the same.

Corn oil is used as a carrier of drug molecules in pharmaceutical operations. It is used as disintegrant, which enables the capsules of tablets to break down in small fragments to dissolve and absorb by the body. This application has propelled the production and demand for corn oil, globally.

Key segments covered

Segment

Subsegment

  Type

  • Edible Corn Oil
  • Non-edible Corn Oil

Application

  • Residential
  • Commercial

Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Online
  • Others

Industry Vertical

  • Food & Beverage
  • Food Processing
  • Restaurants &Food Service Providers
  • Pharmaceutical Industry
  • Livestock
  • Others

 

Key benefits of the report

  • This study presents the analytical depiction of the global corn oil industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global corn oil market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global corn oil market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the corn oil market research report:

  • Which are the leading players active in the global corn oil market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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