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.
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 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 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?
Corn Oil Market Report Highlights
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 Key Market Players | Archer Daniels Midland Company, Savola Group, Elburg Global B.V., ACH Food Companies Inc., GreenField Specialty Alcohols Inc., Associated British Food Plc., Conagra Brand Inc., Abu Dhabi Vegetable Oil Company LLC, Cargill Inc., FEC Solutions LLC |
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