Corn Oil Market to Surpass $ 7 Billion by 2022
Growing awareness regarding health benefits of corn
oil and rising health consciousness among consumers coupled with shifting
preference towards corn oil as biodiesel feedstock to drive global corn oil
market through 2022
According to TechSci Research report, “Global Corn Oil Market By Type, By End Use, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2012 – 2022”,
the global corn oil market is projected to reach $ 7.2 billion by 2022. Backed
by increasing use of healthy and organic oils such as corn oil by
health-conscious people and rising disposable income, demand for corn oil on a
global level is expected to grow in the coming years. Moreover, rising demand
for edible corn oil from retail, food processing and food service industries is
expected to positively influence global corn oil market during forecast period.
Browse 22 Tables and 186 Figures spread through 226 Pages and an in-depth TOC on "Global Corn Oil Market"
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In 2016, North America dominated the global
corn oil market and the same trend is anticipated to continue during the
forecast period as well, owing to the fact that the region is also the biggest
producer of corn in the world. However, in the coming years, Europe is likely
to emerge as the fastest growing region in global corn oil market, on the back
of increasing adoption of corn oil by individual consumers in the region due to
rising concerns regarding the harmful effects of saturated fats in oils. Corn
oil market is broadly categorized into edible corn oil and non-edible corn oil
segments. Of these categories, non-edible corn oil is expected to dominate the
global corn oil market due to rapidly increasing demand for corn oil as a
feedstock for industrial applications such as biodiesel preparation, soap
making, etc.
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“With increasing fuel prices and demand for natural
biofuel over fossil fuels, demand for oils such as corn oil, which are being
grown in abundance for biodiesel preparation as they are environmentally-friendly,
is witnessing a rapid rise, globally. Moreover, growing use of organic and
natural products like soaps, personal care products, etc., prepared from corn
oil containing excess of Vitamin E would further propel demand for corn oil over
the course of next five years, globally.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Corn Oil Market By Type, By End Use, By
Distribution Channel, By
Region, Competition Forecast &
Opportunities, 2012 – 2022” has evaluated
the future growth potential of global corn oil market and provides statistics
and information on market structure, size, share and future growth. The report
is intended to provide cutting-edge market intelligence and help decision
makers take sound investment evaluation. Besides, the report also identifies
emerging trends along with essential drivers, challenges and opportunities
present in the global corn oil market.
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