North America Corn Oil Market Size, Share & Trends Analysis Report By Type, By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The North America Corn Oil Market would witness market growth of 6.9% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 140.87 kilo tonnes, showcasing a growth of 14.1% (2020-2023).

Edible corn oil, extracted from the germ of corn kernels, is a popular vegetable oil known for its light flavor and high smoke point, making it an ideal choice for frying, sauteing, and baking. Rich in polyunsaturated and monounsaturated fats, this oil promotes heart health by helping to lower cholesterol levels when used in place of saturated fats. It also contains vitamin E, an antioxidant that supports immune function and skin health. The oil's versatility extends beyond cooking; it's often used in salad dressings and marinades due to its mild taste and ability to blend well with other ingredients. Thus, the US market consumed 93.24 kilo tonnes of edible oil in 2023.

The US market dominated the North America Corn Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,676.1 million by 2031. The Canada market is experiencing a CAGR of 9.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.8% during (2024 - 2031).

Corn oil's industrial applications, particularly in the production of biodiesel and animal feed, have contributed significantly to its widespread adoption. The oil's renewable nature makes it an attractive feedstock for biodiesel production, aligning with the growing emphasis on sustainability and reducing carbon emissions.

Additionally, the oil's versatility extends beyond the kitchen, encompassing a wide array of industrial applications across various sectors. Owing to its high smoke point and mild flavor profile, this oil is a staple ingredient in cooking, baking, frying, and salad dressings in the food industry. Its ability to enhance texture and mouthfeel makes it a favored choice for food manufacturers seeking to improve the sensory appeal of their products.

The growing biodiesel production in the United States has emerged as a significant demand driver for this oil, aligning with the country's efforts to promote renewable energy sources, reduce reliance on fossil fuels, and mitigate environmental impact. Additionally, in accordance with the Renewable Fuel Standard, the Environmental Protection Agency (EPA) of the United States has authorized maize oil as a viable feedstock for biodiesel production. This development provides regulatory certainty and market access for biodiesel and maize oil producers. Moreover, Canada's cosmetics sector has seen a surge in demand for products formulated with natural ingredients free from synthetic chemicals, fragrances, and additives. As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Thus, the rising cosmetics sector and biofuel production in North America will assist in the growth of the regional market.

Based on Type, the market is segmented into Edible, and Non-Edible. Based on Application, the market is segmented into Food & Beverages, Biodiesel, Animal Feed, Cosmetics & Personal Care, Industrial, and Pharmaceuticals. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Abu Dhabi Vegetable Oil Company (International Holding Company)
Archer Daniels Midland Company
Associated British Foods PLC (Wittington Investments Limited)
Bluecraft Agro Private Limited (Riddhi Siddhi Group)
Cargill, Incorporated
Grain Processing Corporation (Kent Corporation)
Greenfield Global Inc.
Richardson International Limited (James Richardson & Sons, Limited)
Roquette Freres SA

North America Corn Oil Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-31)

Edible
Non-Edible

By Application (Volume, Kilo Tonnes, USD Billion, 2020-31)

Food & Beverages
Biodiesel
Animal Feed
Cosmetics & Personal Care
Industrial
Pharmaceuticals

By Country (Volume, Kilo Tonnes, USD Billion, 2020-31)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Corn Oil Market, by Type
- 1.4.2 North America Corn Oil Market, by Application
- 1.4.3 North America Corn Oil Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter's Five Forces Analysis

Chapter 4. North America Corn Oil Market by Type

4.1 North America Edible Market by Country
4.2 North America Non-Edible Market by Country

Chapter 5. North America Corn Oil Market by Application

5.1 North America Food & Beverages Market by Country
5.2 North America Biodiesel Market by Country
5.3 North America Animal Feed Market by Country
5.4 North America Cosmetics & Personal Care Market by Country
5.5 North America Industrial Market by Country
5.6 North America Pharmaceuticals Market by Country

Chapter 6. North America Corn Oil Market by Country

6.1 US Corn Oil Market
- 6.1.1 US Corn Oil Market by Type
- 6.1.2 US Corn Oil Market by Application
6.2 Canada Corn Oil Market
- 6.2.1 Canada Corn Oil Market by Type
- 6.2.2 Canada Corn Oil Market by Application
6.3 Mexico Corn Oil Market
- 6.3.1 Mexico Corn Oil Market by Type
- 6.3.2 Mexico Corn Oil Market by Application
6.4 Rest of North America Corn Oil Market
- 6.4.1 Rest of North America Corn Oil Market by Type
- 6.4.2 Rest of North America Corn Oil Market by Application

Chapter 7. Company Profiles

7.1 Abu Dhabi Vegetable Oil Company (International Holding Company)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
7.2 Bluecraft Agro Private Limited (Riddhi Siddhi Group)
- 7.2.1 Company Overview
7.3 Greenfield Global Inc.
- 7.3.1 Company Overview
7.4 Archer Daniels Midland Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
7.5 Associated British Foods PLC (Wittington Investments Limited)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 SWOT Analysis
7.6 Cargill, Incorporated
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
7.7 Grain Processing Corporation (Kent Corporation)
- 7.7.1 Company Overview
7.8 Richardson International Limited (James Richardson & Sons, Limited)
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
7.9 Roquette Freres SA
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Corn Oil Market, 2020 - 2023, USD Million
TABLE 2 North America Corn Oil Market, 2024 - 2031, USD Million
TABLE 3 North America Corn Oil Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Corn Oil Market, 2024 - 2031, Kilo Tonnes
TABLE 5 North America Corn Oil Market by Type, 2020 - 2023, USD Million
TABLE 6 North America Corn Oil Market by Type, 2024 - 2031, USD Million
TABLE 7 North America Corn Oil Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 8 North America Corn Oil Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 9 North America Edible Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Edible Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Edible Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Edible Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Non-Edible Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Non-Edible Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Non-Edible Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Non-Edible Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Corn Oil Market by Application, 2020 - 2023, USD Million
TABLE 18 North America Corn Oil Market by Application, 2024 - 2031, USD Million
TABLE 19 North America Corn Oil Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Corn Oil Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Food & Beverages Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Food & Beverages Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Biodiesel Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Biodiesel Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Biodiesel Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Biodiesel Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Animal Feed Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Animal Feed Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Animal Feed Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Animal Feed Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Cosmetics & Personal Care Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Cosmetics & Personal Care Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Cosmetics & Personal Care Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Cosmetics & Personal Care Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Industrial Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Industrial Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Industrial Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Industrial Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Pharmaceuticals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Pharmaceuticals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Corn Oil Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Corn Oil Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Corn Oil Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Corn Oil Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 US Corn Oil Market, 2020 - 2023, USD Million
TABLE 50 US Corn Oil Market, 2024 - 2031, USD Million
TABLE 51 US Corn Oil Market, 2020 - 2023, Kilo Tonnes
TABLE 52 US Corn Oil Market, 2024 - 2031, Kilo Tonnes
TABLE 53 US Corn Oil Market by Type, 2020 - 2023, USD Million
TABLE 54 US Corn Oil Market by Type, 2024 - 2031, USD Million
TABLE 55 US Corn Oil Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 56 US Corn Oil Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 57 US Corn Oil Market by Application, 2020 - 2023, USD Million
TABLE 58 US Corn Oil Market by Application, 2024 - 2031, USD Million
TABLE 59 US Corn Oil Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 60 US Corn Oil Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 61 Canada Corn Oil Market, 2020 - 2023, USD Million
TABLE 62 Canada Corn Oil Market, 2024 - 2031, USD Million
TABLE 63 Canada Corn Oil Market, 2020 - 2023, Kilo Tonnes
TABLE 64 Canada Corn Oil Market, 2024 - 2031, Kilo Tonnes
TABLE 65 Canada Corn Oil Market by Type, 2020 - 2023, USD Million
TABLE 66 Canada Corn Oil Market by Type, 2024 - 2031, USD Million
TABLE 67 Canada Corn Oil Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 68 Canada Corn Oil Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 69 Canada Corn Oil Market by Application, 2020 - 2023, USD Million
TABLE 70 Canada Corn Oil Market by Application, 2024 - 2031, USD Million
TABLE 71 Canada Corn Oil Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 72 Canada Corn Oil Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 73 Mexico Corn Oil Market, 2020 - 2023, USD Million
TABLE 74 Mexico Corn Oil Market, 2024 - 2031, USD Million
TABLE 75 Mexico Corn Oil Market, 2020 - 2023, Kilo Tonnes
TABLE 76 Mexico Corn Oil Market, 2024 - 2031, Kilo Tonnes
TABLE 77 Mexico Corn Oil Market by Type, 2020 - 2023, USD Million
TABLE 78 Mexico Corn Oil Market by Type, 2024 - 2031, USD Million
TABLE 79 Mexico Corn Oil Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 80 Mexico Corn Oil Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 81 Mexico Corn Oil Market by Application, 2020 - 2023, USD Million
TABLE 82 Mexico Corn Oil Market by Application, 2024 - 2031, USD Million
TABLE 83 Mexico Corn Oil Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 84 Mexico Corn Oil Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 85 Rest of North America Corn Oil Market, 2020 - 2023, USD Million
TABLE 86 Rest of North America Corn Oil Market, 2024 - 2031, USD Million
TABLE 87 Rest of North America Corn Oil Market, 2020 - 2023, Kilo Tonnes
TABLE 88 Rest of North America Corn Oil Market, 2024 - 2031, Kilo Tonnes
TABLE 89 Rest of North America Corn Oil Market by Type, 2020 - 2023, USD Million
TABLE 90 Rest of North America Corn Oil Market by Type, 2024 - 2031, USD Million
TABLE 91 Rest of North America Corn Oil Market by Type, 2020 - 2023, Kilo Tonnes
TABLE 92 Rest of North America Corn Oil Market by Type, 2024 - 2031, Kilo Tonnes
TABLE 93 Rest of North America Corn Oil Market by Application, 2020 - 2023, USD Million
TABLE 94 Rest of North America Corn Oil Market by Application, 2024 - 2031, USD Million
TABLE 95 Rest of North America Corn Oil Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 96 Rest of North America Corn Oil Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 97 Key Information - Abu Dhabi Vegetable Oil Company
TABLE 98 Key Information - Bluecraft Agro Private Limited
TABLE 99 Key Information - Greenfield Global Inc.
TABLE 100 Key Information - Archer Daniels Midland Company
TABLE 101 Key Information - Associated British Foods PLC
TABLE 102 Key Information - Cargill, Incorporated
TABLE 103 Key Information - Grain Processing Corporation
TABLE 104 Key Information - Richardson International Limited
TABLE 105 Key Information - Roquette Freres SA

North America Corn Oil Market Size, Share & Trends Analysis Report By Type, By Application, By Country and Growth Forecast, 2024 - 2031