The purpose of the report is to illustrate the state of the market of Corn Oil, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Corn oil is extracted from the germ of corn. The small germinating part of the seed which further grows in to the corn plant is called as germ. Germs are rich in oils and nutrients. Corn oil is known as healthy edible oil which is widely used as cooking oil. It is known as healthy oil as it is consists of polyunsaturated fats and very low saturated fat. Corn oil is used for various applications which include domestic as well as industrial applications.
Based on applications, the global corn oil market was segmented into biodiesel, cooking oil, soap making, paint, textiles, pharmaceutical preparations and other applications. Among these, the biodiesel accounted for major share of global corn oil market in 2015 and is anticipated to retain its position in the near future. Corn oil is expected to experience high demand from the biodiesel manufacturing industries as corn oil is used as feedstock for biodiesel production. Therefore, the biodiesel industry is expected to boost high growth of global corn oil market. Cooking oil accounted as the second largest application of corn oil and is expected to rise in the near future. Corn oil is known to be the healthiest cooking oil and hence is expected to experience high demand in the market. In terms of demand, soap making application followed cooking oil application and accounted as the third largest application segment of corn oil market. Other applications of corn oil are also projected to boost market growth for corn oil during the forecast period.
North America accounted for major share of global corn oil market in 2015 and is expected to retain its position in the near future. Corn oil is Canada’s third valuable crop and is grown on a large scale. Hence, high demand is experienced for corn oil from various end-user industries in the region. Asia Pacific accounted as the second largest market for corn oil and is expected to generate high demand for corn oil market during the forecast period. Corn oil is known to be healthy edible oil which is widely used for cooking, frying, baking, etc. Therefore, high demand for corn oil as cooking oil in the region has boosted market growth in most countries of Asia Pacific. Europe accounted as the third largest market for corn oil due to the growing demand for corn oil as biodiesel feedstock. Strict environmental reforms have led to high demand for biofuels in the region. Hence, high demand is reported for corn oil in the region. Other regions such as Latin America and Middle East & Africa are also projected to fuel growth of global corn oil market during the forecast period from 2016 to 2023.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Corn Oil buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Corn Oil contains:
Analysis and forecast of Corn Oil market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Corn Oil market;
Assessment and forecast of Corn Oil market development;
Financial and business profiles of the leading companies in the Corn Oil industry.
– Up to date working Corn Oil data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Corn Oil for the period 2018 to 2026
– Planned Corn Oil additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Corn Oil projects by region, key countries, and companies
– Details of major planned Corn Oil projects in the world up to 2026
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