According to a new report, published by KBV research, The Global Corn Oil Market size is expected to reach $10.3 billion by 2031, rising at a market growth of 7.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 573.69 Kilo Tonnes experiencing a growth of 14.5% (2020-2023).
In the realm of edible oils, corn oil stands out as a versatile and widely utilized option, boasting a myriad of applications ranging from culinary to industrial. The adoption of corn oil has witnessed a steady rise over the years, propelled by its nutritional profile, flavor neutrality, and diverse applications. Moreover, the popularity of corn oil, which is seen as a healthier alternative to conventional soybean or palm oil, has increased due to the growing demand for healthier cooking oils.
The Edible segment led the Global Corn Oil Market by Type in 2023; thereby, achieving a market value of $6.6 billion by 2031. Unlike traditional cooking oils high in saturated fats, such as palm oil or coconut oil, corn oil is renowned for its favorable lipid profile, including lower saturated and higher levels of heart-healthy unsaturated fats, particularly polyunsaturated fatty acids like linoleic acid.
The Food & Beverages segment is growing at a CAGR of 6.8 % during the forecast period. With its high smoke point, neutral flavor, and ability to withstand high temperatures, corn oil is a popular choice for frying, sautéing, and deep-frying a wide range of foods, including meats, vegetables, and snacks.
Full Report: https://www.kbvresearch.com/corn-oil-market/
The North America region dominated the Global Corn Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.7 billion by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 7.9% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 7.2% during (2024 - 2031).
By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-31)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-31)
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