Authored By: Sarah
11 Jul 2024

 Maize Oil Market Size to grow by USD 1717.3 million between 2024-2028

According to a research report “ Maize Oil Market” by Type (Edible, Non-edible) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1717.3 million, at a CAGR of over 7.08% during the forecast period. The global maize oil market experiences significant growth due to its utilization in the production of personal care goods and cosmetics. Maize oil, rich in nutrients, is renowned for its skin and hair benefits, making it a preferred choice as a natural oil in the cosmetics industry. With antioxidant properties, maize oil effectively nourishes, hydrates, and strengthens hair. Comprising over 80% unsaturated fatty acids, including linoleic acid (Omega 6) and oleic acid (Omega 9), maize oil aids in healing damaged cell membranes. Moreover, it is abundant in vitamins A, E, C, and B, positioning it as an exceptional ingredient in skin and hair conditioning products.

Browse market data tables, figures, and in-depth TOC on “Maize Oil Market” by Type (Edible, Non-edible) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Edible segment is projected to dominate the market size in 2024

ai_market_segmentation_by

By Geography, North America  segment is expected to hold the largest market size for the year 2024

The edible maize oil market is projected to expand at a robust rate due to its increasing utilization in culinary applications. A key growth driver for the global maize oil market is the escalating demand for healthful edible oils. Maize oil is rich in essential nutrients, including vitamin E, a fat-soluble antioxidant. Vitamin E's antioxidant properties help neutralize free radicals, which are detrimental to health and can contribute to various diseases such as heart disease, Type 2 diabetes, and specific cancer types. Consequently, the nutritional benefits of maize oil make it a preferred choice for consumers seeking to maintain a balanced diet.

North America is forecasted to hold the largest market size by region in 2024

The maize oil market witnesses significant growth due to its versatile applications in various industries. Food processing is a major end-use sector, with maize oil utilized in the production of biodiesel and as an edible oil. Additionally, its use in cosmetics and pharmaceuticals sectors is expanding, contributing to market expansion. Factors such as increasing health awareness and government initiatives towards biodiesel production further fuel market growth.

The Maize Oil Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Abu Dhabi Vegetable Oil Co.
  • 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 Oleochemische Erzeugnisse GmbH
  • Kush Protein Pvt. Ltd.
  • MDECA
  • MWC Oil
  • NutriAsia Inc.
  • Saporito Foods Inc.
  • Savola Group
  • SBH Group
  • Shree Uday Oil and Foods Industries
  • United Wisconsin Grain Producers LLC
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

Title: Maize Oil Market: Coatings, Emulsions, and Functional Foods: An Overview Maize oil, also known as corn oil, is a popular vegetable oil derived from maize or corn. In the food industry, maize oil is widely used in coatings and emulsions due to its excellent oxidative stability and high smoke point. This makes it an ideal choice for deep-frying and industrial food processing. In food science, maize oil is also considered a functional food due to its rich content of polyunsaturated fatty acids, particularly linoleic acid. It is used in the production of various food products, including baked goods, snacks, and salad dressings. Packaging innovations and refining technologies have significantly improved the quality and shelf life of maize oil. Extraction methods, such as expeller pressing and solvent extraction, are used to obtain high-quality maize oil. Maize oil is also used as a sustainable energy solution in the form of biodiesel production. Governmental policies and regulatory standards, such as Impacto Bioenergia and Mazola, ensure the production and distribution of high-quality maize oil for various applications. Brownseed Genetics, Benson Hill Biosystems, Sime Darby Oils, and DuPont Nutrition are some of the key players in the maize oil market. Maize oil is often compared to other cooking oils, such as groundnut oil, olive oil, rice bran oil, and canola oil, in terms of nutritional value and applications. Maize oil is also used as a feedstock for the production of ethanol, which is an important renewable energy source. The future of the maize oil market looks promising, with continued research and development in refining technologies, extraction methods, and sustainable energy solutions.

Market Research Overview

Maize Oil Market: Trends, Growth Drivers, and Future Outlook Maize oil, also known as corn oil, is a popular vegetable oil derived from the seeds of maize. In recent years, the maize oil market has witnessed significant growth due to various factors, including the retail sector's increasing demand for organic food, health awareness, and lifestyle-related diseases. Food safety regulations have been a crucial factor driving the market's growth, as consumers demand safe and healthy food products. Maize oil's unsaturated fats make it an ideal choice for functional foods, food processing, baking, frying, salad dressings, and cooking oils. The market for maize oil is not limited to food applications alone. It also finds extensive use in the biofuel sector for biodiesel production, sustainable energy, lubricants, soaps, and encapsulations, coatings, and emulsions in food science. Regional markets, such as North America, Europe, and Asia-Pacific, are significant contributors to the maize oil market's growth. Economic development, governmental policies, and dietary preferences are some of the key factors influencing regional market trends. Key players in the maize oil market include Nestle, Minnedosa Ethanol, Fluid Quip Technologies, FSSAI, Impacto Bioenergia, Mazola, Brownseed Genetics, Benson Hill Biosystems, Sime Darby Oils, and DuPont Nutrition. These companies are investing in refining technologies, extraction methods, and packaging innovations to meet the growing demand for maize oil. Moreover, the market's growth is also driven by the increasing demand for plant-based oils, such as groundnut oil, olive oil, rice bran oil, and canola oil, as consumers shift towards healthier alternatives to traditional cooking oils. In conclusion, the maize oil market is expected to continue its growth trajectory, driven by factors such as health awareness, food safety regulations, and the increasing demand for functional foods and sustainable energy. The market's future outlook is promising, with significant opportunities for growth in the food processing, biofuel, and lubricant industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio