Get the latest insights on price movement and trend analysis of Corn Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This statistic shows the price of edible corn oil in the United States from 2004/05 to 2023/24. As of 2017/2018, corn oil prices stood at around 30.35 cents per pound in the United States. By 2022/23, the prices of corn oil increased to 61.62 cents per pound.

Corn fell to 389.36 USd/BU on August 1, 2025, down 1.19% from the previous day. Over the past month, Corn's price has fallen 9.29%, and is down 3.45% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn - values, historical data, forecasts and news - updated on August of 2025.

The global corn oil market size was valued at USD 6.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 11.47 Billion by 2033, exhibiting a CAGR of 6.5% during 2025-2033. North America currently dominates the market, holding a significant market share of over 55.7% in 2024. The corn oil market share is experiencing robust growth, driven by the escalating health consciousness among consumers, rising product demand in the biofuel sector, growing impact of urbanization and economic development, continuous technological advancements in extraction and processing techniques, and burgeoning innovations in the food industry.

IMARC Group provides an analysis of the key trends in each segment of the global corn oil market, along with forecasts at the global and regional levels from 2025-2033. The market has been categorized based on product type, application, and distribution channel.

Edible corn oil: Represents the largest segment and is widely used in cooking, salad dressings, and mayonnaise.Non-edible corn oil: Used in industrial applications, such as paints, cosmetics, and biofuels. Recent developments include: June 2022 The Food Product Standards and Food Additives (F.S.S.) Regulations, 2011, were operationalized by an order from the Food Safety and Standards Authority of India (FSSAI). The F.S.S. (Food Product Standards and Food Additives) Amendment Regulations 2022 had been amended to include standards for crude oil, and they would go into effect right away.. Notable trends are: Diversified usage of corn oil in various industries is driving the market growth.

According to Cognitive Market Research, the global Corn Oil market size will be USD 6698.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 2679.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2009.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1540.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 337.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 133.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
the Food and Beverage category dominated the Corn Oil Market in 2023.

Market Dynamics of Corn Oil Market

Key Drivers for Corn Oil Market

Rising health consciousness among consumers

One of the primary reasons driving market expansion is rising consumer health consciousness, which has resulted in a shift toward healthier oils. In accordance with this, the increased use of corn oil due to its high unsaturated fat content and low levels of saturated fats, which aid in cholesterol regulation and heart disease risk reduction, is driving market expansion. Furthermore, maize oil contains essential fatty acids such as linoleic acid, which are important for a variety of body activities, including cellular health, cognitive function, and inflammatory regulation. Aside from that, corn oil's broad use in salad dressings, frying, baking, and non-food goods such as soaps and biofuels is helping to boost its market share.

Increasing biofuel production

The booming biofuel business, which uses maize oil as a feedstock for biodiesel manufacturing, is driving market expansion. In accordance with this, the implementation of different government policies and requirements to encourage sustainable energy solutions, hence increasing demand for corn oil, is boosting market growth. Aside from that, widespread product integration in biofuel production is improving energy security by diversifying the energy mix and reducing dependency on oil imports, which is benefiting maize oil market share. Furthermore, constant improvements in biofuel technology that improve the efficiency and cost-effectiveness of corn oil-based biofuels are boosting market growth

Restraint Factor for the Corn Oil Market

Fluctuating Raw Material Prices

A major constraint to the Corn Oil Market is the fluctuating prices of raw material. Extraction of corn oil majorly depends on the price of corn, which by all means is bound to fluctuate every now and then based on climatic factors, market demand, and global economic trends. These fluctuations in turn affect the cost of production, hence impacting on the pricing and profitability of manufacturers of corn oil. Thus, the market participants need to manage and forecast price changes so that they can sustain the business operations and their pricing strategies without being disrupted. Businesses are quite hard to run within the corn oil market as uncertainty in the price of raw materials imposes the necessity of an effective risk management strategy and constant monitoring of the market trends to offset the impact of price volatility in the operation

Impact of Covid-19 on the Corn Oil Market

The Covid-19 pandemic has had a profound effect on the corn oil market. Supply has changed as a result of disruptions in global supply chains, combined with a change in consumer behavior driven over the course of the pandemic. With people's focus shifting toward health and wellness, there was increasing interest in cooking oils that were said to be healthier, including corn oil. This fact contributed to a very great rise in demand for corn oil in some areas. On the resolutely alternative end, there were bottlenecks on the supply side, such as a shortage of labor, logistics, and fluctuations in raw material prices impacting the production and supply of corn...

Global Corn Oil market size is expected to reach $8.19 billion by 2029 at 7.4%, segmented as by edible, refined corn oil, unrefined corn oil, blended corn oil, organic corn oil, flavored corn oil

Corn Oil Market Outlook

In 2023, the global corn oil market size was valued at approximately USD 5.6 billion and is projected to reach around USD 8.2 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.3% during the forecast period. The steady growth of this market is driven primarily by the increasing demand for healthier cooking oils, the burgeoning biofuel industry, and the expansive use of corn oil in various industrial applications. The health benefits associated with corn oil, such as its ability to lower cholesterol and its rich content of polyunsaturated fatty acids, contribute significantly to its rising popularity in the food industry. Additionally, the versatility of corn oil extends beyond culinary uses, allowing it to penetrate industries such as pharmaceuticals and cosmetics, further propelling its market growth.

One of the primary growth factors of the corn oil market is the rising health consciousness among consumers, leading to a shift toward oils that offer nutritional benefits without compromising on taste. Corn oil, known for its light taste and high smoke point, is increasingly preferred by household and commercial sectors alike. The oil's heart-friendly properties, credited to its high phytosterol content, have been emphasized by various health organizations, driving its demand. Furthermore, advancements in extraction and refining technologies have enhanced the quality and nutritional profile of corn oil, making it an attractive option for health-conscious individuals globally. The alignment of corn oil's nutritional properties with current health trends suggests an enduring demand in both developed and developing regions.

The burgeoning biofuel industry presents another significant growth driver for the corn oil market. As the world shifts towards renewable energy sources to combat climate change, corn oil has emerged as a viable feedstock for biodiesel production. Its lower carbon footprint compared to fossil fuels makes it a preferred choice in sustainable energy initiatives. The versatility of corn oil in manufacturing biofuels aligns with global sustainability goals, encouraging investments and research into more efficient production methods. Policies supporting renewable energy, especially in Europe and North America, are likely to further boost the demand for corn oil as a biofuel, creating lucrative opportunities for market players in this sector.

In addition to its applications in the food and biofuel industries, corn oil is also gaining traction in the pharmaceutical and cosmetics sectors. The oil's moisturizing and anti-inflammatory properties make it a valuable ingredient in skincare and haircare products, contributing to its increased use in cosmetics. Moreover, its role as a carrier oil in pharmaceuticals for delivering fat-soluble vitamins and medications further expands its market. The diversification of corn oil applications across different industries not only enhances its market viability but also mitigates risks associated with dependency on a single sector. This multifaceted utility of corn oil ensures a stable demand trajectory across diverse markets.

Product Type Analysis

The corn oil market is segmented by product type into refined and unrefined corn oil, each catering to distinct market needs and consumer preferences. Refined corn oil dominates the market, primarily due to its widespread culinary applications and superior shelf stability. The refining process removes impurities and free fatty acids, resulting in a light-tasting oil with a high smoke point, ideal for frying and baking. The popularity of refined corn oil in households and restaurants underscores its position as a staple cooking oil. Moreover, its refined form is often fortified with essential vitamins, enhancing its health appeal and driving demand in health-conscious markets.

Unrefined corn oil, though a smaller segment, is gaining attention for its nutritional benefits and unique flavor profile. Unrefined variants preserve more of the natural nutrients and flavors of corn, appealing to a niche market focused on organic and minimally processed foods. This segment is witnessing growth as consumers increasingly seek products that align with clean-label trends and minimal processing. The health benefits associated with unrefined corn oil, including its higher content of antioxidants and essential fatty acids, are being recognized by consumers, further boosting its appeal.

Technological advancements in oil extraction and processing are also influencing the dynamics between refined and unrefined corn oil. Innovations aimed

This statistic shows the estimated value of the corn oil market worldwide in 2019, and a forecast figure for 2024. In 2019, the global corn oil market was valued at about *** billion U.S. dollars, and is forecast to reach nearly *** billion dollars by 2024.

The global corn oil market, valued at $9.404 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.2% from 2025 to 2033. This growth is driven by several factors. The increasing demand for healthier cooking oils, particularly in developing economies experiencing rising disposable incomes, fuels consumption. The versatility of corn oil, suitable for various applications like salad dressings, cooking, baking, and frying, further enhances its market appeal. Growth is also fueled by its use in processed foods and as a raw material in various industrial applications. However, the market faces challenges like fluctuating corn prices, which directly impact production costs, and growing consumer preference for alternative oils, such as olive oil and avocado oil, particularly among health-conscious consumers. Market segmentation reveals that bottled corn oil holds a significant share, benefiting from increased consumer preference for convenience and portion control. The bulk segment, however, maintains a substantial market presence, catering to industrial applications and large-scale food processing units. Geographically, North America and Asia-Pacific are expected to be significant market contributors due to established corn production, large populations, and robust food processing industries. Key players in the market, including Cargill, ADM, and ConAgra Foods, are constantly innovating to cater to evolving consumer demands and maintain their market position. The market's projected growth trajectory is tempered by potential restraints, such as the impact of fluctuating crude oil prices (which affect transportation and packaging costs) and growing concerns regarding the potential health effects of high levels of omega-6 fatty acids present in corn oil, driving consumer interest towards oils with higher omega-3 content. Nevertheless, continuous research and development efforts focused on refining corn oil processing and highlighting its nutritional benefits are anticipated to mitigate these concerns and maintain the market's steady expansion. The strategic expansion into emerging markets, coupled with successful marketing campaigns emphasizing the versatile applications and cost-effectiveness of corn oil, will be key drivers for sustained market growth in the forecast period. The ongoing shift towards healthier lifestyles, despite competition from other oils, presents a significant opportunity for market expansion if addressed effectively by producers through targeted product development and marketing strategies.

The global corn oil market is a substantial and growing sector, exhibiting a robust expansion trajectory. While precise figures for market size and CAGR are not provided, based on industry analysis of vegetable oil markets and considering corn's prominent role as a feedstock, a reasonable estimation places the 2025 market size at approximately $15 billion USD. This substantial value is driven by several key factors. Rising global demand for healthy cooking oils, coupled with corn oil's relatively affordable price point compared to other vegetable oils, fuels significant consumption across diverse regions. The increasing popularity of processed foods and the expanding food service sector further contribute to elevated demand. Moreover, the versatility of corn oil, lending itself to applications in various industries beyond culinary uses (e.g., biofuels, industrial applications), broadens its market appeal. However, fluctuating corn prices, potential competition from alternative oils (like soybean oil and palm oil), and growing concerns regarding the impact of corn cultivation on the environment pose significant restraints on the market's growth. Market segmentation, while not explicitly detailed, likely includes distinctions based on product type (refined, unrefined), application (culinary, industrial), and geographic region. Major players such as ADM, Cargill, and ConAgra Foods, along with numerous regional producers, compete within this market. Future growth will be shaped by evolving consumer preferences, technological advancements in oil extraction and processing, and governmental policies concerning agricultural production and sustainability. A focus on promoting sustainable corn cultivation practices and exploring new applications for corn oil derivatives are crucial to sustaining long-term market expansion. The forecast period (2025-2033) suggests a continued positive outlook, with the projected CAGR significantly influencing the overall market value by 2033. Further research focusing on specific regional data would yield more precise insights and inform targeted market strategies.

Distillers Corn Oil Market Outlook

The global market size for distillers corn oil, a key byproduct of ethanol production, was valued at approximately USD 8.5 billion in 2023 and is projected to reach USD 13.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2024 to 2032. This remarkable growth is driven by increasing demand from the biodiesel sector, where distillers corn oil (DCO) is being increasingly used as a cost-effective feedstock. The growing emphasis on renewable energy and sustainable practices further fuels the adoption of DCO in various industries, thereby enhancing its market presence globally.

One of the primary growth factors for the distillers corn oil market is the rising demand for biodiesel as an alternative to traditional fossil fuels. With the world increasingly focused on reducing carbon footprints and embracing sustainable energy solutions, biodiesel has emerged as a compelling option. DCO, with its relatively high oil yield and low production cost, serves as an attractive feedstock for biodiesel production. This trend is bolstered by supportive governmental policies and incentives in many countries that aim to reduce greenhouse gas emissions and promote the use of renewable energies. As a result, the demand for DCO in the biodiesel industry is expected to witness substantial growth over the coming years.

Additionally, the animal feed industry presents significant opportunities for the distillers corn oil market. DCO is rich in energy content and serves as an excellent feed additive, enhancing the nutritional profile of livestock feed. As the global demand for meat and dairy products continues to rise, so does the need for high-quality animal nutrition solutions. Distillers corn oil, with its energy and nutritional benefits, is increasingly being incorporated into animal feed formulations, driving market growth. The ongoing advancements in animal nutrition science and the development of innovative feed products further support the expanded use of DCO in this sector.

The food industry also contributes to the growth of the distillers corn oil market, albeit to a lesser extent. DCO is used in various food applications, primarily in frying and baking, due to its favorable fatty acid profile and high smoke point. The increasing consumer preference for healthier cooking oils is likely to fuel demand for DCO in food industry applications. Moreover, the growing trend of natural and minimally processed food ingredients is anticipated to enhance the utilization of DCO in food processing. This is particularly relevant in the context of a burgeoning health-conscious consumer base that prioritizes the nutritional quality of food products.

Regionally, North America remains the dominant market for distillers corn oil, driven by the extensive ethanol production infrastructure in the United States and Canada. The region's commitment to renewable energy and sustainability goals further propels the demand for DCO in biodiesel production. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, attributed to increasing biofuel production capacities and the robust growth of the animal feed sector. Government initiatives in countries like China and India to promote biofuels and enhance energy security are likely to boost the demand for distillers corn oil significantly. Europe also presents a stable market, with a focus on reducing carbon emissions and increasing renewable energy adoption, supporting the market's growth trajectory.

Product Type Analysis

In the distillers corn oil market, product types are broadly categorized into edible distillers corn oil and industrial distillers corn oil. Edible distillers corn oil finds its applications primarily in the food industry, where it is utilized in cooking and food processing due to its beneficial health properties and economic value. The demand for edible DCO is being driven by growing consumer awareness about healthy eating habits and the benefits associated with using healthier cooking oils. Its high smoke point and favorable fatty acid composition make it a preferred choice in commercial kitchens and among health-conscious consumers. Additionally, the shift towards minimally processed and natural food products has led to increased utilization of edible DCO in the food processing industry.

On the other hand, industrial distillers corn oil mainly serves as a feedstock for biodiesel production and as a component in various industrial processes. This segment is experiencing significant growth due to

Global Distillers Corn Oil Market was valued at USD 6.12 Billion in 2024 and is anticipated to project steady growth in the forecast period with a CAGR of 4.85% through 2030.

The Iranian crude maize oil market was finally on the rise to reach $1.8M in 2024, after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Crude maize oil consumption peaked at $13M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

The refined corn oil market exhibits robust growth, driven by increasing demand across diverse applications, including food, pharmaceuticals, and cosmetics. The market's expansion is fueled by several factors: the rising global population and its associated demand for affordable edible oils, the increasing preference for healthier cooking options, and the growing use of corn oil in various industrial applications such as biofuel production. While the exact market size for 2025 is unavailable, a logical estimation, considering typical CAGR values in the edible oil market (let's assume 4-6%), and a base year value (assuming a base year market size of $10 billion USD for illustrative purposes), would suggest a market size in the range of $10.4 billion to $11.2 billion USD in 2025. This growth, however, faces challenges, including fluctuating corn prices, competition from other vegetable oils like soybean oil and palm oil, and concerns regarding potential health implications associated with high consumption of corn oil. The market is segmented by application (food, drug, cosmetic, other) and type (food grade, industrial grade, pharmaceutical grade), with the food grade segment dominating due to its widespread use in cooking and food processing. Major players like Cargill, ADM, and Bunge are key contributors to the market's production and distribution, with their strategies focused on innovation, supply chain optimization, and expansion into new markets. Regional variations in consumption patterns and regulatory landscapes influence market dynamics, with North America and Asia-Pacific expected to be significant contributors to market growth. The forecast period (2025-2033) anticipates continued growth, propelled by sustained demand in emerging economies and ongoing technological advancements in refining and processing methods. Strategic partnerships, mergers, and acquisitions within the industry are further shaping the competitive landscape. While constraints such as price volatility and health concerns remain, the market's overall trajectory points toward sustained expansion, particularly within segments focused on meeting consumer preferences for healthy and sustainable food products. Further growth is anticipated from expansion into niche markets and innovation in areas such as functional food ingredients derived from corn oil.

Oils Price Index in World increased to 155.70 Index Points in June from 152.20 Index Points in May of 2025. This dataset includes a chart with historical data for World Oils Price Index.

The Global Corn Oil Market has valued at USD5.65 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.5% through 2028.

The Corn Oil Market size was valued at USD 5.34 USD Billion in 2023 and is projected to reach USD 9.91 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Corn oil is the edible oil obtained from the corn and kernel seeds. oils are greasy, liquid at room temperature and insoluble in water.it is a high value and bland flavour and light colour. Corn oil is extracted by the screw pressing and solvent extraction. Corn oils are an excellent source of fatty acids. Corn oil is used in multiple industries it is used to incorporate including soap, paints, and inks.it is used for the production of insecticide and the manufacture of biodiesels. It is used primarily for the food.it is used on a large scale in research and the relationship between dietary fat and fruit Corn oil which is also known as maize oil is the oil that is extracted from the germ of corn (maize). Its main use is in cooking, where its high smoke point makes refined corn oil a valuable frying oil. Corn oil is much known for its healthy edible oil and is widely used worldwide as cooking oil. Corn oil has various therapeutic properties, making it vulnerable for its use in several applications. Corn oil is widely used as feedstock for biodiesel and hence it is expected to experience high demand from the market. Key drivers for this market are: Expansion of International Brands in Saudi Arabia to Fuel Market Growth. Potential restraints include: Presence of Substitute Oils to Impede Market Growth . Notable trends are: Rising Popularity of Veganism to Fuel Market Growth.

Corn Oil Market size is expected to be worth around USD 11.5 Billion by 2034, from USD 6.0 Billion in 2024, growing at a CAGR of 6.7%

The global Zea Mays (Corn) oil market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise figures for market size and CAGR aren't provided, industry reports suggest a significant market value. Let's assume, for illustrative purposes, a 2025 market size of $5 billion USD and a CAGR of 4% for the forecast period (2025-2033). This growth is fueled by several key factors. The rising popularity of corn oil in food applications, particularly in processed foods and cooking oils, is a major driver. Its relatively low cost compared to other vegetable oils makes it highly competitive. Additionally, the growing use of corn oil in the cosmetics and pharmaceutical industries, for its emollient and other properties, is contributing to market expansion. Further growth is expected from increasing health awareness, with refined corn oil variants offering healthier alternatives. However, the market faces certain constraints. Fluctuations in corn prices directly impact corn oil production costs, leading to price volatility. Furthermore, concerns regarding potential health impacts of some corn oil varieties, particularly those high in saturated fat, might limit market growth in certain regions and consumer segments. The market is segmented by type (unrefined, refined, and other) and application (food, cosmetic, medicine, and other). Major players like Ingredion, ADM, Cargill, and others are leveraging technological advancements and strategic partnerships to strengthen their market positions. Regional analysis indicates strong performance across North America, Asia-Pacific, and Europe, with growth opportunities also presenting themselves in developing economies. The ongoing research into healthier corn oil variants and its utilization in new applications will continue to shape the market's trajectory in the coming years.