Global Corn Oil Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Edible Corn Oil, and Non Edible Corn Oil.By Application;
Food, Biofuel, Industrial, and Others.By End-use;
Food Service Restaurants, Retails, Livestock, and Industrial.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Corn Oil Market (USD Million), 2021 - 2031
In the year 2024, the Global Corn Oil Market was valued at USD 6,667.48 million. The size of this market is expected to increase to USD 10,989.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.4%.
The global corn oil market is a rapidly growing segment within the edible oils industry, driven by increasing demand for health-conscious cooking alternatives, the rise of the food processing sector, and the versatile applications of corn oil across various industries. Corn oil is derived from the germ of corn kernels and is widely appreciated for its mild flavor, high smoking point, and beneficial fatty acid profile. These attributes make it a popular choice for cooking, frying, and baking, as well as an ingredient in processed foods, snacks, and salad dressings.
In recent years, the global market for corn oil has witnessed significant growth due to changing dietary preferences that favor oils perceived as healthier compared to traditional fats. The oil is rich in polyunsaturated fatty acids, particularly omega-6 fatty acids, and contains essential nutrients like vitamin E, which contribute to its perceived health benefits. As consumers become more aware of the importance of balanced nutrition, there has been an increased preference for oils that are lower in saturated fats, further boosting the demand for corn oil.
Additionally, corn oil is increasingly being used as a key ingredient in the biofuel industry, where it plays an essential role in the production of biodiesel. This growing demand from the energy sector, particularly in countries with advanced biofuel policies, has expanded the market for corn oil. The oil's potential for industrial applications such as lubrication, cosmetics, and pharmaceuticals has also added to its appeal, fostering broader usage beyond the food sector.
However, the global corn oil market faces challenges, including price volatility linked to fluctuations in corn production and agricultural supply chain disruptions. Furthermore, competition from other vegetable oils like soybean and palm oil, which offer similar benefits at a potentially lower cost, continues to put pressure on corn oil's market share. Despite these challenges, the corn oil market is expected to continue its growth trajectory, supported by advancements in production technologies, increasing demand from emerging markets, and the growing trend toward healthier and more sustainable consumption.
Global Corn Oil Market Recent Developments
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In November 2023, Mazola, a Canada-based cooking oil company, launched four new vegetable oil products.
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In August 2022, I.C.M. Inc signed a contract with Impacto Energia S/A and Impacto Bioenergia to build a new ethanol production facility in Bahia, Brazil.
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In June 2022, The Food Safety and Standards Authority of India (FSSAI) operationalized standards for crude corn oil.
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In April 2022, Green Plains Inc announced innovations in protein concentrations and renewable corn oil yields at its Nebraska biorefinery.
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In March 2022, Minnedosa Ethanol Plant started producing corn oil for renewable diesel in Canada.
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September 2021: Nestle agreed to acquire 100% of Agri Trading, enhancing its renewable raw material sourcing.
Segment Analysis
The global corn oil market is segmented based on type, application, end-use, and geography, each influencing market dynamics and growth potential. The market is primarily divided into edible corn oil and non-edible corn oil. Edible corn oil, widely used in food preparation, is the dominant segment due to its high demand in cooking and frying due to its mild flavor and high smoking point. Non-edible corn oil, on the other hand, is primarily used in industrial applications such as cosmetics, lubricants, and biodiesel production. The growing trend toward sustainable and eco-friendly biofuels is expected to boost the demand for non-edible corn oil, particularly in biofuel production.
In terms of application, the corn oil market is categorized into food, biofuel, industrial, and other segments. The food segment is the largest, driven by the rising consumption of processed foods and convenience products. The demand for corn oil in food products like salad dressings, margarine, and snacks is increasing, due to its favorable nutritional profile. Biofuel is another significant application, with growing awareness of renewable energy sources driving demand for corn oil as a feedstock for biodiesel production. Industrial applications also hold a substantial share, with corn oil being used in the manufacture of soaps, detergents, and various chemicals.
The end-use segment of the global corn oil market includes food service restaurants, retails, livestock, and industrial sectors. The food service restaurant industry leads this segment, where corn oil is preferred due to its cost-effectiveness and versatility in cooking applications. Retail sales are also growing, driven by consumer preference for healthy cooking oils. The livestock sector utilizes corn oil for animal feed, contributing to its market share, while the industrial sector is increasing its use of corn oil in manufacturing processes. These diverse applications enhance the market’s resilience to fluctuations in demand from any single sector.
Geographically, the global corn oil market is analyzed across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America holds the largest market share, driven by high production and consumption in the United States, a major producer of corn. The Asia Pacific region is expected to witness rapid growth due to the expanding food industry and the rising use of biofuels in countries like China and India. Europe and Latin America also contribute to market growth, with the growing adoption of corn oil in food and industrial applications. The Middle East & Africa region presents untapped potential, with increasing awareness about sustainable fuel options and expanding industrialization.
Global Corn Oil Segment Analysis
In this report, the Global Corn Oil Market has been segmented by Type, Application, End-use and Geography.
Global Corn Oil Market, Segmentation by Type
The Global Corn Oil Market has been segmented by Type into Edible Corn Oil and Non Edible Corn Oil.
Edible corn oil is primarily used for cooking and food preparation purposes. It is extracted from the germ of corn kernels through a mechanical pressing or solvent extraction process. The oil undergoes refining to remove impurities and enhance its stability, making it suitable for consumption. Edible corn oil is valued for its neutral flavor, high smoke point, and nutritional benefits, such as being rich in polyunsaturated fats like omega-6 fatty acids. It is a popular choice in households and food industries for frying, baking, and salad dressings due to its light texture and health-conscious profile.
Non-edible corn oil serves industrial and commercial purposes rather than human consumption. This type of corn oil is often derived from corn germ that may not meet the standards for edible oil production, or it could be a by-product from other processes in the corn refining industry. Non-edible corn oil finds application in various sectors such as biodiesel production, lubricants, paints, coatings, and animal feed additives. Its properties, including viscosity and oxidative stability, make it suitable for these industrial uses where a vegetable-based oil with specific characteristics is required. Non-edible corn oil plays a significant role in sectors aiming for sustainable and environmentally friendly solutions, particularly in biofuels and renewable resources.
Global Corn Oil Market, Segmentation by Application
The Global Corn Oil Market has been segmented by Application into Food, Biofuel, Industrial, and Others.
The global corn oil market has been segmented by application into food, biofuel, industrial, and others, with each segment catering to different industry needs and consumer preferences. The food segment holds a significant share of the market due to the widespread use of corn oil in cooking, frying, and as an ingredient in various processed food products. Corn oil is valued for its mild flavor, high smoke point, and nutritional benefits, making it a popular choice for consumers and food manufacturers alike.
The biofuel segment has witnessed substantial growth in recent years due to the increasing demand for renewable energy sources. Corn oil is used in the production of biodiesel, which has gained popularity as an environmentally friendly alternative to traditional fossil fuels. As governments around the world push for cleaner energy options and sustainable practices, the demand for biofuels made from corn oil continues to rise, particularly in regions focused on reducing carbon emissions and dependence on non-renewable resources.
In the industrial segment, corn oil is utilized in the manufacturing of various products, including lubricants, soaps, paints, and cosmetics. Its versatility and biodegradable properties make it an attractive raw material for a range of industrial applications. The others segment captures niche uses of corn oil, including its incorporation in animal feed and pharmaceuticals, further expanding the market’s scope. The diverse applications of corn oil across these segments contribute to the overall growth and dynamism of the global market.
Global Corn Oil Market, Segmentation by End-use
The Global Corn Oil Market has been segmented by End-use into Food Service Restaurants, Retails, Livestock and Industrial.
Food service restaurants constitute a significant portion of the market demand, driven by the widespread use of corn oil in culinary applications such as frying, baking, and salad dressings. The oil's neutral flavor profile and high smoke point make it a preferred choice among chefs and food service operators looking for a versatile cooking medium that enhances food quality. The increasing trend towards healthier cooking oils in the food service industry has bolstered the demand for corn oil, owing to its low saturated fat content and perceived health benefits.
In retail markets, corn oil serves both cooking and consumer preferences for healthier dietary choices. As health consciousness grows globally, consumers are opting for oils with lower cholesterol levels and higher unsaturated fats, aligning with corn oil's nutritional profile. The retail segment includes various packaged formats tailored to consumer convenience, such as bottles and pouches, enhancing accessibility and shelf presence. Corn oil finds applications in livestock feed as a nutritional supplement, providing essential fatty acids that contribute to animal health and productivity. Industrial applications further expand the market scope, utilizing corn oil for biodiesel production and various industrial processes due to its renewable nature and functional properties.
Global Corn Oil Market, Segmentation by Geography
In this report, the Global Corn Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Corn Oil Market Share (%), by Geographical Region, 2024
North America holds a significant share in the corn oil market, driven by the large-scale production of corn and advanced extraction technologies. The region benefits from robust agricultural practices and a mature food processing industry, facilitating substantial production and consumption of corn oil across various food applications. In Europe, stringent regulations on food safety and quality drive the market for high-quality edible oils like corn oil. The region's growing preference for healthier cooking oils and increasing awareness of the nutritional benefits of corn oil further bolster market growth.
The Asia Pacific region emerges as a rapidly expanding market for corn oil, supported by the rising population, changing dietary habits, and increasing disposable incomes. Countries like China and India are key contributors to market growth due to the growing demand for packaged foods and rising health consciousness among consumers. In the Middle East and Africa, the corn oil market is influenced by shifting dietary preferences towards healthier oils, alongside economic development and urbanization driving demand. Latin America, with its extensive agricultural resources, plays a crucial role in corn oil production, catering not only to domestic consumption but also exporting to global markets.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Corn Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Food industry expansion enhances demand
- Shift to healthier diets favors corn oil
- Improved extraction tech boosts production
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Rising use in foodservice and retail sectors - The rising use of corn oil in the foodservice and retail sectors is primarily driven by its cost-effectiveness and versatility as an edible oil. Corn oil is often preferred by foodservice operators due to its relatively lower price compared to other vegetable oils like olive or avocado oil. This affordability makes it an attractive option for large-scale kitchens, restaurants, and catering businesses that require substantial quantities of cooking oil. Additionally, corn oil’s high smoke point makes it ideal for frying and sautéing, further boosting its popularity in the foodservice industry.
In the retail sector, consumer demand for healthier cooking oils has contributed to the growing use of corn oil. As more people seek alternatives to saturated fats and oils high in trans fats, corn oil, with its higher proportion of polyunsaturated fatty acids like omega-6, is seen as a healthier choice. Many health-conscious consumers are opting for corn oil because it is low in saturated fats and often marketed as a better option for heart health, especially when used in moderation. This health-driven trend in retail has led to an increase in the availability of corn oil in supermarkets and online grocery stores.
The increasing consumer preference for non-GMO and natural food products has influenced the corn oil market. As foodservice and retail sectors adapt to this demand, many producers are offering non-GMO corn oil, which appeals to a growing segment of environmentally conscious and health-driven buyers. This shift reflects broader consumer trends toward transparency in food production and the desire for oils that are both sustainable and aligned with personal health goals. With its affordability, versatility, and growing recognition as a healthy alternative, corn oil is expected to maintain its strong presence in both the foodservice and retail markets globally.
Restraints:
- Regulatory hurdles in international markets
- Yield variations due to seasonal factors
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Storage and perishability issues - In the global corn oil market, storage and perishability issues represent significant constraints. Corn oil, being an edible oil, is highly sensitive to environmental factors such as temperature, humidity, and exposure to light. Improper storage conditions can lead to the degradation of the oil, causing it to become rancid. This not only impacts the quality and taste but also reduces its shelf life, which is a critical factor for both manufacturers and consumers. As a result, proper packaging and storage facilities are essential to maintain the oil's quality during transportation and distribution, especially when reaching distant markets.
The perishability of corn oil poses challenges to its supply chain. Since corn oil is derived from corn, which is a crop susceptible to seasonality and climate fluctuations, the availability of raw materials can vary. This seasonal dependency can affect production schedules, leading to market instability. The short shelf life of corn oil also means that excess stock can lead to waste if not sold within a reasonable time, making inventory management crucial for manufacturers and retailers.
The global nature of the corn oil market exacerbates these storage and perishability challenges. With markets spanning different regions and countries, variations in local storage conditions, transportation infrastructure, and regulatory requirements can complicate logistics. Some regions may lack proper storage facilities, leading to increased risks of spoilage during transit. Additionally, the need to meet international food safety standards requires companies to invest in quality control systems, adding to operational costs. These factors combined make it crucial for stakeholders in the corn oil supply chain to address storage and perishability effectively to ensure consistent product quality and meet consumer demand.
Opportunities:
- E-commerce growth opens new sales avenues
- Increasing demand for biofuels and industry
- Customized products for diverse applications
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Advanced packaging extends shelf life - In the global corn oil market, advanced packaging technology offers significant opportunities to extend the shelf life of products, which is vital in maintaining quality and reducing waste. By utilizing modern packaging materials such as vacuum seals, modified atmosphere packaging (MAP), and airtight containers, manufacturers can effectively prevent oxidation and preserve the oil's nutritional profile and flavor. This is especially important in a market like corn oil, where product freshness and purity are key concerns for consumers. With extended shelf life, companies can reduce spoilage and enhance the distribution of corn oil, even in regions with less efficient supply chain infrastructures.
Advanced packaging can help companies meet increasing consumer demand for eco-friendly solutions. Packaging innovations that reduce the environmental impact, such as biodegradable or recyclable materials, are becoming increasingly important in consumer purchasing decisions. As the global market for corn oil expands, manufacturers can leverage these sustainable packaging technologies to appeal to environmentally conscious consumers. In doing so, they not only extend the shelf life of their products but also align with the growing trend towards sustainability in the food industry.
Additionally, extended shelf life achieved through advanced packaging can lead to cost savings and better inventory management. By reducing the frequency of product waste and spoilage, manufacturers can increase their operational efficiency. Retailers benefit from longer shelf life as well, as it allows for more flexible stocking and fewer markdowns due to expired products. This can enhance profit margins and allow for greater market penetration, especially in regions with fluctuating demand or where the logistics infrastructure may be less developed. Advanced packaging, therefore, creates a competitive advantage for corn oil manufacturers in a rapidly growing global market.
Competitive Landscape Analysis
Key players in Global Corn Oil Market include:
- Archer Daniels Midland Company (ADM)
- ACH Food Companies
- Cargill, Inc.
- Abu Dhabi Vegetable Oil Company (ADVOC)
- Elburg Global
- Conagra Brands, Inc.
- Savola Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By End-use
- Market Snapshot, By Region
- Global Corn Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Food industry expansion enhances demand
- Shift to healthier diets favors corn oil
- Improved extraction tech boosts production
- Rising use in foodservice and retail sectors
- Restraints
- Regulatory hurdles in international markets
- Yield variations due to seasonal factors
- Storage and perishability issues
- Opportunities
- E-commerce growth opens new sales avenues
- Increasing demand for biofuels and industry
- Customized products for diverse applications
- Advanced packaging extends shelf life
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Corn Oil Market, By Type, 2021 - 2031 (USD Million)
- Edible Corn Oil
- Non Edible Corn Oil
- Global Corn Oil Market, By Application, 2021 - 2031 (USD Million)
- Food
- Biofuel
- Industrial
- Others
- Global Corn Oil Market, By End-use, 2021 - 2031 (USD Million)
- Food Service Restaurants
- Retails
- Livestock
- Industrial
- Global Corn Oil Market, By Geogarphy, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Corn Oil Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape Analysis
- Company Profiles
- Archer Daniels Midland Company (ADM)
- ACH Food Companies
- Cargill, Inc.
- Abu Dhabi Vegetable Oil Company (ADVOC)
- Elburg Global
- Conagra Brands, Inc.
- Savola Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market