North America Corn Oil Market Outlook, 2028

Corn oil is mainly produced in North America, though it is also manufactured in other parts of the world. The germ of corn (maize) is used to obtain corn oil by employing expellers followed by solvent extraction and refining to remove unwanted substances before marketing. Corn oil is generally less expensive than most other types of edible vegetable oils. It has a high smoke point of 232°C and thus frying with corn oil is convenient. The corn oil market in North America is a robust and dynamic industry, with several key countries playing pivotal roles in its production and consumption. As the North America consumer's dietary preferences and industrial applications evolve, the corn oil market is poised for further expansion and innovation. Manufacturers are focusing on producing high-quality, non-GMO, and organic corn oil options to meet the changing demands of consumers. Additionally, sustainable sourcing practices and eco-friendly packaging are becoming increasingly important considerations within this market, reflecting the broader trend towards environmentally responsible consumption. Corn oil in North America plays a vital role in the production of biodiesel, a sustainable and environmentally friendly alternative to traditional fossil fuels. The utilization of corn oil for biodiesel production has gained significant traction in North America due to its abundance as a byproduct of the corn milling industry. According to the research report, “North America Corn Oil Market Outlook, 2028” published by Bonafide Research, the market was valued at near to USD 900 Million market size in 2022. The demand for corn oil consumption in North America is on a steady rise, reflecting changing dietary preferences and increased awareness of healthier cooking oil options. One of the primary drivers of this upward trend is the growing emphasis on heart-healthy eating. Moreover, the versatile nature of corn oil makes it a popular choice in the culinary world. In North America, the highest manufacturing of corn oil is primarily concentrated in the Corn Belt region, which spans several states in the Midwest United States. This region is renowned for its prolific corn production, due to its fertile soils and favorable climate conditions. States such as Iowa, Illinois, Nebraska, Indiana, and Minnesota are among the top contributors to corn oil production in North America. Iowa, in particular, stands out as a major hub for corn oil manufacturing due to its substantial corn cultivation acreage and advanced processing facilities. The state's agricultural infrastructure and expertise in corn farming and processing make it a central player in the North American corn oil market.

Based on the North America countries, The United States stands out as the largest producer and consumer of corn oil in the region. With its vast corn cultivation acreage and advanced processing facilities, the U.S. dominates the North American corn oil market, supplying both its domestic needs and exporting to other countries. Canada also contributes significantly to the regional corn oil market, with a well-established agricultural sector and growing demand for this versatile cooking oil. In recent years, Mexico has emerged as a notable player in the North American corn oil market. The country's expanding food processing industry and increased consumer awareness of healthier cooking options have driven the demand for corn oil in Mexico. Furthermore, the strategic location of Mexico makes it an attractive market for corn oil manufacturers looking to serve both North American and Latin American markets. North America, particularly the United States, is a significant exporter of corn oil to a variety of countries around the world. The global demand for corn oil has led to North American producers capitalizing on their robust production capabilities and high-quality standards. Some of the key export destinations for North American corn oil include Mexico, Canada, Middle East and Africa, Central and South America, Asia, Europe. The report is segmented based on the nature of con oil; Conventional and Organic. Conventional corn oil has long been a staple in North American households and the food industry, holding the largest market share for cooking and culinary applications. However, a significant shift in consumer preferences and awareness of healthier, more sustainable options is reshaping the market landscape. Organic corn oil is gaining increasing popularity among consumers in North America due to its perceived health benefits and environmentally conscious production methods. This shift not only benefits individual health but also contributes to a more environmentally friendly and sustainable food supply chain. Organic corn oil's ascent in the market highlights the ever-changing dynamics of the food industry, where consumer preferences and values play a crucial role in shaping the future of products and markets. According to the end-users, the report is further categorized into Households, Industrials, and Food Services. For many consumers, golden corn oil serves as one of the most visible signs of the corn refining industry. Although corn oil represents a relatively modest share of the ingredients produced by corn refiners, its household uses holds the largest market share. Along with this, its industrial usage such as in shampoos and conditioners where cornstarch helps to strengthen hair, while corn oil acts as a conditioner. In many cases, one-quarter of soap’s ingredients are corn-based, including corn oil and products made from bioprocessing. Corn oil is used as a key ingredient in the production of paints and coatings, particularly in the manufacturing of oil-based paints and varnishes. In the agricultural sector, corn oil is utilized in the production of insecticides and pesticides. It serves as an essential carrier or solvent for various active ingredients used in these products. Corn oil is a valuable byproduct of the corn ethanol production process, where corn is converted into ethanol, a biofuel used primarily as an alternative to gasoline. According to the distribution of Corn Oil in North America, the market is segmented into Conventional stores, Hypermarkets/Supermarkets, Direct sales, Online, and Others. In North America, the distribution of corn oil has traditionally been dominated by conventional brick-and-mortar retail channels, particularly hypermarkets and supermarkets. Shoppers would typically purchase corn oil alongside their other groceries during their routine visits to these stores. This longstanding practice made hypermarkets and supermarkets the primary outlets for corn oil distribution, offering consumers a wide range of brands and options. However, in recent years, there has been a noticeable shift in how consumers access and purchase corn oil. The emergence and growth of e-commerce and online shopping platforms have significantly impacted the distribution landscape. More consumers are now opting to buy corn oil online, taking advantage of the convenience and accessibility those e-commerce offers. Online retailers and grocery delivery services have made it easier than ever for shoppers to have corn oil and other groceries delivered directly to their homes.

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Manmayi Raval

Research Consultant

Considered in this report: •Geography: North America •Historic year: 2017 •Base year: 2022 •Estimated year: 2023 •Forecast year: 2028 Aspects covered in this report: •North America Corn Oil Market with its value and forecast along with its segments •Various drivers and challenges •On-going trends and developments •Top profiled companies •Strategic recommendation Countries covered in the report: •United States •Canada •Mexico

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By Nature: •Conventional •Organic By End User: •Household •Industrial •Food Service By Distributional Channel: •Conventional Store •Hypermarket/Supermarket •Direct Sales •Online •Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Corn Oil Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.