Corn Oil Market Is Expected to Reach Us$ 0.18 Bn by 2022: Credence Research

Corn Oil Market Is Expected To Reach US$ 0.18 Bn By

2022: Credence Research

According to a new market report published by Credence Research “Corn Oil Market - Growth, Share,

Opportunities, Competitive Analysis, and Forecast 2016 - 2023,” the corn oil market was valued at US$

0.14 Bn in 2015, and is expected to reach US$ 0.18 Bn by 2022, expanding at a CAGR of 3.5% from 2016

to 2023.

Browse the full Corn Oil Market for Biodiesel, Cooking Oil, Soap Making, Paint, Textiles, Pharmaceutical

Preparations and Other Applications - Growth, Share, Opportunities, Competitive Analysis, and Forecast

2016 – 2023 report at http://www.credenceresearch.com/report/corn-oil-market

Market Insights

Corn oil is extracted from the germ of corn. The small germinating part of the seed which further grows

in to the corn plant is called as germ. Germs are rich in oils and nutrients. Corn oil is known as healthy

edible oil which is widely used as cooking oil. It is known as healthy oil as it is consists of polyunsaturated

fats and very low saturated fat. Corn oil is used for various applications which include domestic as well as

industrial applications.

Based on applications, the global corn oil market was segmented into biodiesel, cooking oil, soap making,

paint, textiles, pharmaceutical preparations and other applications. Among these, the biodiesel accounted

for major share of global corn oil market in 2015 and is anticipated to retain its position in the near future.

Corn oil is expected to experience high demand from the biodiesel manufacturing industries as corn oil is

used as feedstock for biodiesel production. Therefore, the biodiesel industry is expected to boost high

growth of global corn oil market. Cooking oil accounted as the second largest application of corn oil and

is expected to rise in the near future. Corn oil is known to be the healthiest cooking oil and hence is

expected to experience high demand in the market. In terms of demand, soap making...