Corn is one of the most popular feed, food and industrial cereal. Corn flour, corn oil, popcorn, corn syrup, corn soap are some of the most common corn products consumed worldwide. Corn oil is primarily used as a cooking medium in food industry and for manufacturing hydrogenated oil. In 2013, corn oil was the fastest growing feedstock for biodiesel production in the world. Corn is one of the most widely grown crop. Thus easy availability of raw material at lower price is supporting the market growth across the globe.
Corn Oil Market Segmentation
Corn oil market has been segmented on the basis of Edible and non-edible corn oil. Among both of these segment non edible segment is expected to show robust growth over the forecast period. This is supported by the reason that corn oil is highly environmental friendly product as it has lowest rating for carbon intensity as compared to other biodiesel feed stocks which is driving the segment growth. Edible segment is expected to show substantial growth in terms of volume. Edible segment is further sub segmented as food service restaurants, food processor, and retail (end consumers). Among all these segment retail segment is expected to occupy the major market share. Rising cardiovascular diseases has shifted the consumer focus towards consumption of food containing low cholesterol which is expected to drive the segment growth in the near future. Moreover, food processor segment is expected to account for substantial growth over the forecast period. Consumers are now focusing on healthy lifestyle, due to this they carefully choose the products they buy and use. In addition, easy access to information has made them aware about the availability of different types of oils and fats in the market. Thus, now food processors are trying to respond to consumer demand by offering stable and healthy products.
Corn Oil Regional Outlook
Global corn oil market is also segmented on the basis of distribution channel. The distribution channel is only segmented for retail (end consumers). The distribution channel for retail includes supermarket, hypermarket, departmental stores & grocery stores. Among all these segments hypermarket & supermarket is expected to contribute major share in the market. Groceries stores is expected to show a favorable growth over the forecast period. Increasing penetration of health food in smaller grocery stores is expected to support the segment growth over the forecast period.
Geographically, Europe is expected to be the major market in terms of value for corn oils, owing to increasing consumer towards healthy products. Among the countries, Germany is expected to remain major markets in terms of consumptions for corn oil followed by U.K. North America is expected to represent the favorable market for corn oils in terms of consumption. U.S. is expected to drive the growth. Increasing consumption of corn oil as a biodiesel alternative is expected to support the market growth in the country. Asia Pacific is expected to grow rapidly and expected to be the fastest growing region for corn oil owning increasing in demand of corn oil in food industry across the region.
Corn Oil Market Drivers
Increasing consumption of corn oil as a biodiesel alternative in order to reduce carbon footprint is expected to support the demand of corn oil during the forecast period. Moreover, increasing government regulation especially important in states with low carbon fuels standards such as California is further expected to support the market demand. Furthermore, corn oil provides essential fatty acids like linoleic acid (omega – 6) which is essential for immune function, as well as it enables to lower high blood pressure in people who are suffering from hypertension which is expected to fuel the market growth in the near future.
Corn Oil Market Key Players
Some of the key players operation in corn oil market includes FEC Solutions, Associated British Food plc, GreenField Specialty Alcohols Inc., YONCA GIDA SAN. A.?., Archer Daniels Midland Company and ConAgra Foods Inc among others.
The report covers exhaustive analysis on:
- Corn Oil Market Segments
- Corn Oil Food Market Dynamics
- Corn Oil Historical Actual Market Size, 2013 - 2015
- Corn Oil Market Size & Forecast 2016 to 2026
- Corn Oil Supply & Demand Value Chain
- Corn Oil Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Corn Oil Technology
- Value Chain
- Corn Oil Market Drivers and Restraints
Regional analysis for Corn Oil Market includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Corn Oil Market Detailed overview of parent market
- Corn Oil changing market dynamics of the industry
- Corn Oil Market In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Corn Oil Market Recent industry trends and developments
- Corn Oil Market Competitive landscape
- Corn Oil Market Strategies of key players and product offerings
- Market Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.