The global corn oil market is expected to register significantly high growth in the forecoming years. Major factors driving growth of the global corn oil markets is rising concern of consumers regarding health and healthy lifestyle due to increasing prevalence of disease. Further, other factors such as the availability of wide-range of corn oil types, rising urbanization & disposable incomes, increasing use of corn oil in soap industry, health benefits properties are driving the growth of the global corn oil market.
The global corn oil market report has been segmented on the basis of type, end user, distribution channel and region.
On the basis of type, the global corn oil market has been segmented into edible corn oil and non-edible corn oil.
On the basis of end user, the global corn oil market has been segmented into food industry, biodiesel, soap making, pharmaceutical, household, others including food processing, household, etc.
On the basis of distribution channel, the global corn oil market has been segmented into retail stores and e-commerce. The retail store segment is further subdivided into department store, super market, hypermarket, and specialty store. The retail store segment is expected to account for significant revenue in the global corn oil market, due to ease of availability of products and easily accessible by customers. The e-commerce segment is expected to register highest CAGR in upcoming years, due to high internet penetration coupled with higher rate of adoption of smart phones and changing shopper’s preference towards e-commerce.
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On the basis of region, the global corn oil markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, Europe is expected to dominate the global corn oil market, owing consumer preferences towards healthy eating habits, rising disposable income level in this region. In contrast, Asia Pacific is expected to register highest CAGR during the forecasted period, due to growing food industries coupled with growing population across the countries in this region.
Key players operating in the global corn oil market includes, FEC Solutions LLC, Associated British Food plc, GreenField Specialty Alcohols Inc., YONCA GIDA SAN. A.S., The Archer Daniels Midland Company, ConAgra Foods Inc., Saporito Foods Inc., Qingdao Changsheng Group Co., Ltd., N.K. Proteins Pvt Limited, and Cargill, Incorporated.