Maize Oil Market by Type and Geography - Forecast and Analysis 2022-2026

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:

• Type - Edible and Non-edible
• Geography - North America, APAC, Europe, South America, and Middle East and Africa 

What will the Maize Oil Market Size be During the Forecast Period?

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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.

Maize Oil Market: Key Drivers, Trends, and Challenges

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

• One of the key factors driving the global maize oil industry growth is the application of maize oil in cosmetics and personal care products.
• Maize oil is high in nutrients and is known for its beneficial effects on the skin and hair as it can nourish, hydrate, and strengthen hair effectively.
• Maize oil, which contains more than 80% unsaturated fatty acids, including linoleic acid (Omega 6) and oleic acid (Omega 9), has the ability to heal damaged cell membranes.
• Maize oil is also high in vitamins A, E, C, and B, making it an excellent ingredient in skin and hair conditioning products.
• The oil is known for its light texture and high linoleic acid content, making it ideal for keeping the skin moisturized and smooth.
• Maize oil is also high in linoleic acid, with an average concentration of 30%-60%.
• Charkit Chemical Company LLC (Charkit), one of the major suppliers of high-performance personal care and cosmetics ingredients, uses maize oil to formulate ingredients for its cosmetic products. 

Key Maize Oil Market Trend

• Increasing use in biofuel production is one of the key maize oil market trends that is expected to impact the industry positively in the forecast period.
• The global increase in the demand for energy and depleting non-renewable fossil fuels are supporting the production of biodiesel from maize oil.
• Biodiesel produced from vegetable oil, such as maize oil, is an eco-friendly fuel.
• In European countries, palm oil and rapeseed oil are the most common vegetable oils used in biodiesel production, whereas in the US, soybean oil is the most common biodiesel feedstock.
• Maize oil is becoming one of the most preferred feedstocks for biodiesel production.
• Patriot Renewable Fuels LLC (Patriot Renewable Fuels) extracts maize oil for biodiesel production.
• The steadily increasing demand for clean energy is estimated to drive the production of biodiesel from maize oil. 

Key Maize Oil Market Challenge

• One of the key challenges to the global maize oil industry growth is the availability of substitute edible oils.
• According to Spain's Ministry of Agriculture, Food and Fisheries, the household consumption of olive oil increased by more than 3% in 2018 in Spain.
• In APAC countries such as India and China, sunflower oil and peanut oil are predominantly consumed owing to the health benefits of these oils.
• In South American countries, olive oil is widely used for cooking.
• Soybean oil was the highest consumed edible oil in the US in 2021.
• Americans consumed approximately 11.34 million metric tonnes of soybean oil in 2021, compared to approximately 1.6 million metric tonnes of palm oil.
• The high adoption of substitutes is likely to challenge the growth of the global maize oil market during the forecast period.

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.

Parent Market Analysis

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.

Who are the Major Maize Oil Market Vendors?

The report analyzes the market's competitive landscape and 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
• United Wisconsin Grain Producers LLC

 

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.

Product Insights and News

• advocuae.com - The company offers maize oil that contains polyunsaturated fatty acids and low saturated fat levels as it also is known for lowering cholesterol.
• advocuae.com - Under the sales and distribution segment, the company distributes nearly 17 brands of edible oil including packing third-party brands where the distribution network is powered by strong logistics, supply chain, and warehousing facilities.

 

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.

Maize Oil Market Value Chain Analysis

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.

Which are the Key Regions for Maize Oil Market?

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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.

What are the Revenue-generating Type Segments in the Maize Oil Market?

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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.

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What are the Key Data Covered in this Maize Oil Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive maize oil market growth during the next five years
• Precise estimation of the maize oil market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the maize oil industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of maize oil market vendors

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