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The maize oil market share is expected to increase to USD 1.88 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.67%.
This maize oil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers maize oil market segmentations by the following:
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The maize oil market report also offers information on several market vendors, including Abu Dhabi Vegetable Oil Co., ACH Food Companies Inc., 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 Oleochemical Products GmbH, MDECA, MWC Oil, NutriAsia Inc., Saporito Foods Inc., SBH Group, Shree Uday Oil and Foods Industries, The Savola Group, and United Wisconsin Grain Producers LLC among others.
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The application of maize oil in cosmetics and personal care products is notably driving the maize oil market growth, although factors such as availability of substitute edible oils may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the maize oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Maize Oil Market Driver
Key Maize Oil Market Trend
Key Maize Oil Market Challenge
This maize oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global maize oil market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the maize oil market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the maize oil market encompasses successful business strategies deployed by the key vendors. The maize oil market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The maize oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the maize oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for maize oil in North America. Market growth in this region will be faster than the growth of the market in Europe.
Owing to the high contents of vitamin E and polyunsaturated fats, consumers in the countries such as the US, Mexico, and Canada prefers using maize oil for cooking purposes. This will facilitate the maize oil market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 disrupted the entire regional economy. The pandemic affected all major industries in the region, including the maize oil market, adversely. The implementation of stringent lockdown restrictions across the region and the shutting down of manufacturing lines by key vendors hampered the growth of the maize oil market in the region. However, with the economic recovery in the region from 2021, following the initiation of large-scale COVID-19 vaccination drives by the government in 2021, and the resumption of supply chains and logistics are expected to stabilize the growth of the market over the forecast period.
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The maize oil market share growth by the edible segment will be significant during the forecast period. The segment is anticipated to grow at a significant growth rate owing to the rising use of maize oil for cooking.
This report provides an accurate prediction of the contribution of all the segments to the growth of the maize oil market size and actionable market insights on post COVID-19 impact on each segment.
Maize Oil Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.67% |
Market growth 2022-2026 |
$ 1.88 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.32 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Canada, China, Japan, France, and Brazil |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Abu Dhabi Vegetable Oil Co., ACH Food Companies Inc., 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 Oleochemical Products GmbH, MDECA, MWC Oil, NutriAsia Inc., Saporito Foods Inc., SBH Group, Shree Uday Oil and Foods Industries, The Savola Group, 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 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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