Global Corn Oil Market| Industry Trends Report 2019-2024Posted by Sonika on July 18th, 2019 Bharat Book Bureau Provides the Trending Market Research Report on “Corn Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”under Food & Beverage Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports. The Global Corn Oil Market reached a value of US$ 4.3 Billion in 2018. Corn oil is a form of vegetable oil which is extracted from corn germ. It is available in both edible and non-edible forms. Corn oil is mainly composed of polyunsaturated fatty acids and has low content of saturated fats. Hence, it is considered to be a healthy alternative of other edible oil counterparts available in the market. The growing incidences of lifestyle diseases coupled with rising health awareness among consumers has significantly contributed in driving the demand for corn oil globally. Moreover, the use of corn oil in the production of biofuel and various other industrial products such as soaps, paints, textiles, pharmaceuticals, poultry, pesticides etc. have further augmented the growth of the market. Request a free sample copy of Corn Oil Market Report @ https://www.bharatbook.com/marketreports/sample/reports/1598731 Rising health awareness among consumers has resulted into increasing preference for corn oil due to its health benefits. Moreover, increasing disposable incomes have also enabled consumers to prioritize health over product price. Moreover, as a result of rising environmental concerns, diminishing oil and natural gas resources, and the governments focusing on using cleaner fuels to reduce carbon footprint, the usage of renewable energy sources such as biofuel has been continuously increasing. Though soybean oil is currently being used as the major feedstock in biofuel production, the usage of corn oil in the same has also witnessed substantial growth in recent years. This trend is expected to further aid the growth of the corn oil market globally. Additionaly, apart from food and biodiesel applications, corn oil also has a wide array of other industrial applications such as soaps, paints, pesticides, textiles etc. With increasing global population and economic growth across both developed and emerging markets, these end-use industries are also expected to witness substantial growth, creating a positive impact on the demand of corn oil. Looking forward, IMARC expects the market to reach a value of US$ 7.2 Billion by 2024, expanding at a CAGR of 9% during 2019-2024 Regional Insights: North America currently accounts for the largest share in the global corn oil market. Product Type Insights: The edible form of corn oil currently dominates the global market Application Insights: Food applications currently represent the largest application segment. Distribution Channel Insights: Supermarkets and Hypermarkets currently enjoy the leading position in the global corn oil market. Competitive Landscape: Key Questions Answered in This Report: Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/corn-oil-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2019-2024/1598731 About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Like it? Share it!More by this author |