Enjoy complimentary customisation on priority with our Enterprise License!
The maize oil market size is estimated to grow by USD 1.71 billion at a CAGR of 7.08% between 2023 and 2028. Maize oil, derived from corn kernels, is gaining significant attention in the cosmetics and personal care industry due to its numerous benefits. Its rich content of essential fatty acids, vitamin E, and antioxidants makes it an excellent ingredient for skincare and hair care products. The increasing health consciousness among consumers has fueled the demand for natural and organic products, leading to a surge in the use of maize oil in various formulations. Furthermore, the expanding distribution network for maize oils has facilitated easy access to consumers worldwide, thereby boosting market growth. This trend is expected to continue as more companies explore the potential of maize oil in their product offerings.
For More Highlights About this Report, Request Free Sample
Maize oil, also known as corn oil, is an edible vegetable oil extracted from maize kernels. It is rich in unsaturated fatty acids, including linoleic acid, making it a popular choice for cooking and as an ingredient in various food products. Maize oil is used in the production of biodiesel and as a sustainable energy solution due to its high energy content. The increasing demand for healthy food and functional foods drives the market. DuPont Nutrition and Health, Mazola, and Impacto Bioenergia are key players in the market. The market is also influenced by regulatory standards and governmental policies promoting the use of sustainable energy solutions for energy security. Maize oil is extracted using various methods, including solvent extraction and mechanical pressing. Refining technologies such as degumming, neutralization, and bleaching are used to improve the oil's quality and shelf life. Packaging innovations, such as aseptic packaging, have also played a significant role in increasing the market's growth. In the food industry, maize oil is used in various applications, including cooking oils, food processing, and as an ingredient in emulsions and coatings. It is also used in the production of biodiesel, which is a renewable source of energy. The market is expected to grow due to its versatility and the increasing demand for sustainable energy solutions. Maize oil is often compared to other cooking oils such as canola oil, rice bran oil, olive oil, and groundnut oil. While each oil has its unique properties, maize oil's high linoleic acid content makes it a popular choice for those seeking to incorporate healthy unsaturated fats into their diet. In conclusion, the market is driven by the increasing demand for healthy food, sustainable energy solutions, and governmental policies promoting the use of renewable energy sources. The market is expected to grow due to the oil's versatility and unique properties, making it a popular choice for various applications in the food and energy industries. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for maize oil in cosmetics and personal care products is notably driving market growth. Maize oil holds significance in the global market due to its extensive applications in various industries, particularly in the food sector. Its utilization extends beyond cooking oils, as it is employed in food processing for the production of functional foods, emulsions, coatings, and encapsulations. In food science, maize oil is valued for its high content of unsaturated fatty acids, including linoleic acid (Omega 6) and oleic acid (Omega 9), which contribute to energy security and improved nutritional value.
Moreover, its rich vitamin profile, comprising vitamins A, E, C, and B, makes it a desirable ingredient in the manufacturing of skin and hair care products. Maregionally, the market for maize oil is witnessing growth in Asia Pacific, North America, and Europe, driven by increasing awareness of lifestyle-related diseases and stringent food safety regulations. Organic food trends are also fueling the demand for maize oil in the retail sector. Innovations in extraction methods and refining technologies are further enhancing the market's growth prospects. Thus, such factors are driving the growth of the market during the forecast period.
Increasing use of maize oil in biofuel production is the key trend in the market. Maize oil, derived from the germ of corn kernels, is gaining significance in various industries due to its versatile applications. In the energy sector, it is increasingly used as a feedstock for biodiesel production, addressing concerns over energy security and environmental sustainability. The global shift towards renewable energy sources and the depletion of non-renewable fossil fuels are driving the demand for biodiesel. Maize oil extraction methods have evolved, with advanced refining technologies ensuring higher yields and improved quality.
Furthermore, packaging innovations have extended the oil's shelf life, making it convenient for consumers. In food processing, maize oil is used in cooking and as a base for functional foods, emulsions, coatings, and encapsulations. Food science continues to explore its potential in various applications, including in the production of organic food. Regional markets are witnessing growth, influenced by lifestyle-related diseases and stringent food safety regulations. The retail sector is also adopting maize oil due to its health benefits and eco-friendly production. Thus, such trends will shape the growth of the market during the forecast period.
The availability of substitute edible oils is the major challenge that affects the growth of the market. The market faces potential challenges from the widespread use of various cooking oils such as olive oil, sunflower oil, mustard oil, rice bran oil, coconut oil, and groundnut oil for food preparation. Preferences for cooking oils differ significantly among regions. For instance, olive oil is extensively used for cooking in South American countries, while in Spain, it is highly favored for both cooking and health purposes. In APAC countries like India and China, sunflower oil and peanut oil are the primary choices due to their health benefits.
In contrast, Canada's most preferred cooking oils are canola oil and soybean oil. As the focus shifts towards functional foods, food science, and food safety regulations, the market may experience growth through applications in emulsions, coatings, encapsulations, and other industrial uses. Packaging innovations and refining technologies are also expected to contribute to market expansion. However, the increasing prevalence of lifestyle-related diseases and organic food trends in the retail sector may pose challenges to market growth. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abu Dhabi Vegetable Oil Co.- The company offers maize oil that contains polyunsaturated fatty acids and low saturated fat levels as it also is known for lowering cholesterol.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the edible segment will be significant during the forecast period. The market, also known as corn oil, is experiencing notable growth in the edible segment due to its increasing utilization in cooking applications. The rising preference for healthy food options and growing health awareness among consumers are key factors driving the market's expansion. Maize oil is rich in essential nutrients, including vitamin E, an antioxidant that supports the body's healthy functioning.
Get a glance at the market share of various regions Download the PDF Sample
The edible segment was valued at USD 2.95 billion in 2018. Vitamin E neutralizes harmful free radicals, reducing the risk of conditions like heart disease, Type 2 diabetes, and certain types of cancer. DuPont Nutrition, Sime Darby Oils, Benson Hill Biosystems, and Brownseed Genetics are significant players in the market, supplying organic corn oil for various applications, including salad dressings, frying, baking, soaps, lubricants, and biofuel production. The biofuel sector's economic development and governmental policies promoting sustainable energy are also contributing to the market's growth. Regulatory standards set by organizations like FSSAI ensure the production and distribution of safe and high-quality maize oil. Impacto Bioenergia, Minnedosa Ethanol, and Fluid Quip Technologies are some companies focusing on biodiesel production using maize oil as a raw material. Nestle, Agri Trading, and other leading food companies also use maize oil in their products, catering to consumers' dietary preferences and the growing demand for plant-based oils.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Maize oil, also known as corn oil, is a vegetable oil derived from maize kernels. It is rich in unsaturated fats, making it a popular choice for healthy food consumers. DuPont Nutrition and Health, Sime Darby Oils, and Benson Hill Biosystems are significant players in the corn oil market. Other vegetable oils, such as canola oil, rice bran oil, olive oil, and groundnut oil, also hold substantial market shares. Maize oil is used in various applications, including salad dressings, frying, baking, soaps, lubricants, and biofuel production. The biofuel sector has seen significant growth due to economic development and governmental policies promoting sustainable energy. Ethanol is a common byproduct of maize oil production, which is used as a biofuel. Impacto Bioenergia, Fluid Quip Technologies, and Minnedosa Ethanol are notable companies involved in the production of ethanol from maize oil. The food industry also uses maize oil due to its high smoke point and neutral taste. FSSAI, the Food Safety and Standards Authority of India, sets regulatory standards for the production and consumption of edible oils, including maize oil. Nestle, Agri Trading, and other food companies use maize oil in their products due to its versatility and health benefits. Dietary preferences and health awareness have led to an increase in demand for plant-based oils, including organic corn oil. The extraction process of maize oil is crucial to maintaining its quality and nutritional value. Companies invest in advanced technologies to ensure efficient and sustainable extraction methods. Biodiesel production from maize oil is another emerging application, offering the potential for further market growth.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Palm Oil Market: Palm Oil Market Analysis APAC, Middle East and Africa, Europe, North America, South America - Indonesia, India, China, Pakistan, Malaysia - Size and Forecast
Maize Market: Maize Market by End-user and Geography - Forecast and Analysis
Rapeseed Oil Market: Rapeseed Oil Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Germany, India, UK - Size and Forecast
Maize oil, also known as corn oil, is a popular vegetable oil derived from maize kernels. It is rich in unsaturated fats, making it a healthy choice for food and industrial applications. The market is witnessing growth due to the increasing demand for healthy food and dietary preferences. Maize oil is used in various food applications such as salad dressings, frying, and baking. It is also used in the production of biodiesel and lubricants in the biofuel sector. DuPont Nutrition and Health, Mazola, Impacto Bioenergia, and Sime Darby Oils are some of the key players in the market.
Furthermore, the market is also witnessing the entry of new players like Benson Hill Biosystems and Brownseed Genetics, who are focusing on the production of organic corn oil. The extraction of maize oil involves the use of solvents or mechanical pressing. The regulatory standards set by the Food Safety and Standards Authority of India (FSSI) and other regulatory bodies ensure the quality and safety of maize oil. The market for maize oil is expected to grow due to economic development and governmental policies promoting the use of sustainable energy and plant-based oils. The demand for maize oil in the biofuel sector for biodiesel production is also expected to drive market growth. Maize oil is used as a substitute for other vegetable oils like canola oil, rice bran oil, and olive oil. It is also used in the production of soaps and lubricants. The market for maize oil is expected to grow due to the increasing health awareness and demand for unsaturated fats. Ethanol is another by-product of maize production, which adds to the market's potential. Fluid Quip Technologies, Minnedosa Ethanol, Agri Trading, Nestle, and Transparency Market Research are some of the other key players in the market. The market is expected to grow at a steady pace due to the increasing demand for maize oil in various applications and the growing trend towards sustainable energy and plant-based oils.
Market Scope |
|
Report Coverage |
Details |
Page number |
157 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
Market growth 2024-2028 |
USD 1.71 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.49 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key countries |
US, China, Canada, Japan, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abu Dhabi Vegetable Oil Co., Archer Daniels Midland Co., Ashwin Vanaspati Industries Pvt. Ltd., Associated British Foods Plc, Bunge Ltd., Cargill Inc., Elburg Global, Grainotch Industries Ltd., Greenfield Global Inc., Gulab Oils, Gustav Heess Oleochemische Erzeugnisse GmbH, Kush Protein Pvt. Ltd., MDECA, MWC Oil, NutriAsia Inc., Saporito Foods Inc., Savola Group, SBH Group, Shree Uday Oil and Foods Industries, and United Wisconsin Grain Producers LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.