Corn Oil Market
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<strong>Corn</strong> <strong>Oil</strong> <strong>Market</strong> Is Expected To Reach US$ 0.18 Bn By<br />
2022: Credence Research<br />
According to a new market report published by Credence Research “<strong>Corn</strong> <strong>Oil</strong> <strong>Market</strong> - Growth, Share,<br />
Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the corn oil market was valued at US$<br />
0.14 Bn in 2015, and is expected to reach US$ 0.18 Bn by 2022, expanding at a CAGR of 3.5% from 2016<br />
to 2023.<br />
Browse the full <strong>Corn</strong> <strong>Oil</strong> <strong>Market</strong> for Biodiesel, Cooking <strong>Oil</strong>, Soap Making, Paint, Textiles, Pharmaceutical<br />
Preparations and Other Applications - Growth, Share, Opportunities, Competitive Analysis, and Forecast<br />
2016 – 2023 report at http://www.credenceresearch.com/report/corn-oil-market<br />
<strong>Market</strong> Insights<br />
<strong>Corn</strong> oil is extracted from the germ of corn. The small germinating part of the seed which further grows<br />
in to the corn plant is called as germ. Germs are rich in oils and nutrients. <strong>Corn</strong> oil is known as healthy<br />
edible oil which is widely used as cooking oil. It is known as healthy oil as it is consists of polyunsaturated<br />
fats and very low saturated fat. <strong>Corn</strong> oil is used for various applications which include domestic as well as<br />
industrial applications.<br />
Based on applications, the global corn oil market was segmented into biodiesel, cooking oil, soap making,<br />
paint, textiles, pharmaceutical preparations and other applications. Among these, the biodiesel accounted<br />
for major share of global corn oil market in 2015 and is anticipated to retain its position in the near future.<br />
<strong>Corn</strong> oil is expected to experience high demand from the biodiesel manufacturing industries as corn oil is<br />
used as feedstock for biodiesel production. Therefore, the biodiesel industry is expected to boost high<br />
growth of global corn oil market. Cooking oil accounted as the second largest application of corn oil and<br />
is expected to rise in the near future. <strong>Corn</strong> oil is known to be the healthiest cooking oil and hence is<br />
expected to experience high demand in the market. In terms of demand, soap making application followed<br />
cooking oil application and accounted as the third largest application segment of corn oil market. Other<br />
applications of corn oil are also projected to boost market growth for corn oil during the forecast period.<br />
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market
Competitive Insights:<br />
North America accounted for major share of global corn oil market in 2015 and is expected to retain its<br />
position in the near future. <strong>Corn</strong> oil is Canada’s third valuable crop and is grown on a large scale. Hence,<br />
high demand is experienced for corn oil from various end-user industries in the region. Asia Pacific<br />
accounted as the second largest market for corn oil and is expected to generate high demand for corn oil<br />
market during the forecast period. <strong>Corn</strong> oil is known to be healthy edible oil which is widely used for<br />
cooking, frying, baking, etc. Therefore, high demand for corn oil as cooking oil in the region has boosted<br />
market growth in most countries of Asia Pacific. Europe accounted as the third largest market for corn oil<br />
due to the growing demand for corn oil as biodiesel feedstock. Strict environmental reforms have led to<br />
high demand for biofuels in the region. Hence, high demand is reported for corn oil in the region. Other<br />
regions such as Latin America and Middle East & Africa are also projected to fuel growth of global corn oil<br />
market during the forecast period from 2016 to 2023.<br />
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Key Trends:<br />
Production of biodiesel<br />
Widely used as cooking oil<br />
Used in various industrial applications<br />
Opportunities from increasing research activities for use as feedstock in production of biofuels<br />
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