Corn Oil Market Trends

Diversified usage of corn oil in various industries is driving the market growth

Over time, there has been an increase in the product's use in a number of end-use industries, including the pharmaceutical, cosmetics, industrial, and food and beverage sectors. It serves as a vehicle for therapeutic compounds in pharmaceuticals. It functions as a disintegrant, allowing pills or capsules to crumble into manageable pieces that may be quickly digested and absorbed by the body. It aids in the production of soap, hair care products, and face and body powder. Because it contains saturated, monounsaturated, and polyunsaturated fatty acids including linolenic, linoleic, and oleic acid, people typically use it as cooking oil.

These acids provide a number of advantages including lowering blood pressure, reducing inflammation, and excess cholesterol. Inks, fabrics, soaps, rust inhibitors, rubber substitutes, and pesticides are among the products it is used to make in modest quantities. Using oil to massage into a dog's coat makes it look better, and feeding it to horses to alleviate dull coat issues are other uses for it in pet care. As a result, the product's numerous uses fuel the expansion of the global market.

A domestically generated alternative fuel called ethanol is created from corn oil. The process of turning corn into ethanol produces distillers corn oil (DCO), which is a byproduct. Additionally, it is marketed mostly as a feedstock for biodiesel. Oil can be extracted from liquid streams in a maize ethanol production using mechanical methods that operate under centrifugal force. It must first be separated from the germ, though, through milling or crushing. Therefore, achieving the best extraction for ethanol producers becomes essential. As a result, key participants in the business are creating cutting-edge technologies to boost production effectiveness.

For instance, DuPont Nutrition & Biosciences (DuPont), a business that develops sustainable solutions for the food, health, pharmaceutical, and biotech industries, introduced DuPont OPTIMASH DCO+ in June 2019. The product, a thermostable protease with a pending patent, aids in releasing the oil from the protein and fibre matrix of the maize kernel. The product aids distillers producing ethanol in increasing productivity without sacrificing grain quality.

This pattern is anticipated to support the global maize oil market's continued expansion. In addition, maize oil has a wide range of other industrial uses besides those for food and biodiesel, including those for soaps, paints, insecticides, textiles, etc. These end-use industries are anticipated to have significant expansion due to rising global population and economic growth in both established and emerging markets, which will favourably affect the demand for maize oil. Thus, driving the Corn Oil market revenue.

Sustainability trends are emerging as a crucial driver in the Global Corn Oil Market Industry. Consumers are increasingly seeking products that align with their environmental values, prompting manufacturers to adopt sustainable practices in corn oil production. This includes sourcing corn from sustainable farms and utilizing eco-friendly processing methods. As a result, brands that emphasize sustainability may gain a competitive edge in the market. The growing emphasis on environmentally responsible products is likely to influence purchasing decisions, potentially leading to increased market share for sustainably produced corn oil. This trend aligns with broader shifts towards sustainability across various consumer goods sectors.

The Global Corn Oil Market Industry is significantly influenced by the expansion of the food industry, particularly in developing regions. As urbanization increases and disposable incomes rise, there is a growing demand for processed and packaged foods that utilize corn oil as a key ingredient. This trend is particularly pronounced in Asia-Pacific and Latin America, where the food sector is rapidly evolving. The market's growth trajectory indicates that by 2035, it could reach 12.7 USD Billion, underscoring the food industry's role in driving corn oil consumption. The versatility of corn oil in various culinary applications further enhances its appeal to food manufacturers.

The Global Corn Oil Market Industry is poised for substantial growth, with projections indicating a market value of 5.9 USD Billion in 2024 and an anticipated rise to 12.7 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 7.21% from 2025 to 2035, reflecting increasing demand across various sectors. Factors such as rising health consciousness, expanding food industries, and technological advancements in production are likely to contribute to this upward trend. As the market evolves, stakeholders may need to adapt to changing consumer preferences and industry dynamics to capitalize on emerging opportunities.

The Global Corn Oil Market Industry is experiencing a notable shift driven by increasing health consciousness among consumers. As individuals become more aware of the nutritional benefits of corn oil, including its high levels of polyunsaturated fats and vitamin E, demand is likely to rise. This trend is particularly evident in regions where consumers are shifting away from saturated fats. The market is projected to reach 5.9 USD Billion in 2024, reflecting a growing preference for healthier cooking oils. This shift towards health-oriented products may contribute to the anticipated growth of the market, potentially leading to a compound annual growth rate of 7.21% from 2025 to 2035.

The Global Corn Oil Market Industry benefits from its diverse applications across various sectors, including food, cosmetics, and biofuels. In the food sector, corn oil is favored for frying and baking due to its high smoke point and neutral flavor. Meanwhile, in cosmetics, it is utilized for its moisturizing properties. Additionally, the biofuel industry is increasingly adopting corn oil as a renewable energy source, further expanding its market reach. This versatility not only enhances the demand for corn oil but also positions it as a critical ingredient in multiple industries, thereby contributing to the overall growth of the market.

Technological advancements in production processes are playing a pivotal role in shaping the Global Corn Oil Market Industry. Innovations in extraction and refining techniques are enhancing the efficiency and quality of corn oil production. For instance, the adoption of cold-press extraction methods allows for the retention of more nutrients and flavors, appealing to health-conscious consumers. These advancements not only improve product quality but also reduce waste and energy consumption during production. As technology continues to evolve, it is likely to drive down production costs, thereby making corn oil more accessible to a broader consumer base and supporting market growth.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Corn Oil Market dominated this market in 2022 (45.80%). because the product is being used more and more in the feedstock and food industries. Over the past ten years, the use of biodiesel has increased as a substitute to help reduce environmental pollution. Due to the rising need for green fuels in the North American aviation industry, biodiesel has seen tremendous expansion. Further, the U.S.

Corn Oil market held the largest market share, and the Canada Corn Oil market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: CORN OIL MARKET SHARE BY REGION 2024 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Corn Oil market accounted for the healthy market share in 2022. Germany and Italy, which produced the most feedstock among the European nations, are the main drivers of the product demand in the region. It is one of the most popular feedstocks used to produce biodiesel in Europe. Further, the German Corn Oil market held the largest market share, and the U.K Corn Oil market was the fastest growing market in the European region

The Asia Pacific Corn Oil market is expected to register significant growth from 2023 to 2032. It is frequently used to create a variety of food goods, including as soap, ink, and lotions. The demand for biodiesel is directly impacted by government initiatives to minimise carbon footprint in Asian nations including China, India, Malaysia, and Indonesia. China aimed to adopt a 10% biofuel use by 2020. Moreover, China’s Corn Oil market held the largest market share, and the Indian Corn Oil market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Corn Oil market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Corn Oil industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Corn Oil industry to benefit clients and increase the market sector. In recent years, the Corn Oil industry has offered some of the most significant advantages to medicine. Major players in the Corn Oil market, including Abu Dhabi Vegetable Oil Company LLC, Archer-Daniels-Midland Company, Associated British Foods, Bluecraft Agro, Cargill Inc, Grain Processing Corporation, Greenfield Specialty Alcohols, Ingredion Incorporated, Richardson International, and Roquette Frères, are attempting to increase market demand by investing in research and development operations.

An organisation with vertical integration, Green Plains Inc. (Green Plains), manufactures, sells, and distributes ethanol. The business also handles and stores grain, produces distiller grains and makes maize oil. It sells dried distiller grains to local, national, and worldwide markets as well as wet, modified wet, and dry distiller grains to local markets. Through sales agreements with integrated energy companies, retailers, traders, and resellers in the US as well as exports to Brazil, Mexico, Canada, China, and other foreign markets, Green Plains sells ethanol to a variety of markets.

Throughout the US, the corporation operates cattle feedlots, grain elevators, dry ethanol production facilities, and fuel terminal facilities. The U.S. city of Omaha, Nebraska, serves as the headquarters of Green Plains. At its Wood River, Nebraska, biorefinery, using the patented Fluid Quip Technologies MSC system, Green Plains Inc., an American ethanol fuel producer company, announced in April 2022 that product and technology innovation efforts had resulted in the production of greater than 60% protein concentrations with yields as high as 4 pounds per bushel.

Manufacturer and marketer of foodstuffs and beverages is Nestle SA (Nestle). Baby foods, bottled water, cereals, chocolates and confectionary, coffee, culinary products, plant-based meals, chilled and frozen foods, dairy products, nutritional products, ice cream, and pet care items are all included in the company's product line-up. Aero, Purina Alpo, Milkybar, Cerelac, Nescafe, Nespresso, Nido, Perrier, S.Pellegrino, Acqua Panna, Nestea, Milo, Maggi, Buitoni, Cailler, Movenpick, Purina, Boost, Gerber, and Kit Kat are some of the brand names under which Nestle sells its goods. Asia, Oceania, the Americas, Europe, the Middle East, and Africa are all commercial hubs for the company.

In Vevey, Waadt, Switzerland, Nestle has its headquarters. In September 2021, the global food and beverage company Nestle, based in Switzerland, decided to buy out 100% of Agri selling, a significant player in the selling of used cooking oil, technical maize oil and other vegetable oils.