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).
Report ID: Rn239342000 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-use
    4. Market Snapshot, By Region
  4. Global Corn Oil Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Food industry expansion enhances demand
        2. Shift to healthier diets favors corn oil
        3. Improved extraction tech boosts production
        4. Rising use in foodservice and retail sectors
      2. Restraints
        1. Regulatory hurdles in international markets
        2. Yield variations due to seasonal factors
        3. Storage and perishability issues
      3. Opportunities
        1. E-commerce growth opens new sales avenues
        2. Increasing demand for biofuels and industry
        3. Customized products for diverse applications
        4. Advanced packaging extends shelf life
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Corn Oil Market, By Type, 2021 - 2031 (USD Million)
      1. Edible Corn Oil
      2. Non Edible Corn Oil
    2. Global Corn Oil Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Biofuel
      3. Industrial
      4. Others
    3. Global Corn Oil Market, By End-use, 2021 - 2031 (USD Million)
      1. Food Service Restaurants
      2. Retails
      3. Livestock
      4. Industrial
    4. Global Corn Oil Market, By Geogarphy, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Archer Daniels Midland Company (ADM)
      2. ACH Food Companies
      3. Cargill, Inc.
      4. Abu Dhabi Vegetable Oil Company (ADVOC)
      5. Elburg Global
      6. Conagra Brands, Inc.
      7. Savola Group
  7. Analyst Views
  8. Future Outlook of the Market