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.

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).

Explore the factors influencing corn oil prices per ton, from market demand and weather conditions to geopolitical and economic shifts. Learn about the complex dynamics of global trade, currency exchange rates, and agricultural developments affecting corn oil costs. Stay informed on trends and forecasts crucial for industries reliant on this versatile commodity.

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.

As of May 2023, the monthly average price of corn oil in Egypt amounted to ***** Egyptian pounds (**** U.S. dollars) per liter, which indicated a increase of ***** percent when compared to May of the preceding year. During the period under review, the price of corn oil followed an overall increasing price.

According to Cognitive Market Research, the global Corn Oil market size was 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 oil...

Graph and download economic data for Producer Price Index by Industry: Wet Corn Milling and Starch Manufacturing: Corn Oil, Made by Wet Milling (PCU3112213112218) from Jun 1985 to Aug 1992 about corn, mills, oil, PPI, industry, inflation, price index, indexes, price, and USA.

Explore the complexities of corn oil pricing as influenced by crop yields, market demand, and economic conditions in 2023, with insights from USDA data highlighting supply, demand, international trade, and energy market impacts on the agricultural economy.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Corn Oil, Crude and Refined (WPU027B) from Jan 2016 to Jan 2025 about refined, corn, processed, crude, oil, food, commodities, PPI, price index, indexes, price, and USA.

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.

8977 Global import shipment records of Corn Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global refined corn oil market is experiencing robust growth, driven by increasing consumer demand for healthier cooking oils and its widespread use in food processing. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market value of $22 billion by 2033. This growth is fueled by several factors, including the rising adoption of corn oil in various food applications due to its relatively lower cost compared to other vegetable oils, its neutral flavor profile, and its high smoke point, making it suitable for frying and other high-heat cooking methods. The increasing awareness of heart-healthy fats and the growing demand for functional foods further contribute to the market's expansion. Significant growth is anticipated in the food grade segment, particularly within the food and beverage industry in developing economies, where increasing disposable incomes and changing dietary patterns are driving consumption. The industrial grade segment is also projected to witness steady growth, driven by its application in various industrial processes. However, the market faces certain restraints. Fluctuations in corn prices, a major raw material, can impact production costs and profitability. Furthermore, the growing popularity of alternative oils, such as olive oil and canola oil, and concerns regarding genetically modified organisms (GMOs) in corn cultivation pose challenges to the market's sustained growth. Nonetheless, strategic partnerships between manufacturers and food processors, along with innovations in corn oil processing and refining to improve quality and enhance nutritional profiles, are expected to offset these challenges to a certain degree. The market's geographic landscape is diverse, with North America and Asia Pacific expected to remain key regions contributing to the market’s overall expansion due to high consumption and established industrial infrastructure.

In February 2023, the price of maize oil was $838 per ton (FOB, Canada), a 5.6% increase from the previous month.

In 2024, the Brazilian refined maize oil market decreased by -5.8% to $301M, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a noticeable slump. Over the period under review, the market hit record highs at $470M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

In March 2025, the average refined maize oil export price amounted to $1,597 per ton, approximately reflecting the previous month.

Distillers Corn Oil Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2030.

Global Distillers Corn Oil Market Drivers

The market drivers for the Distillers Corn Oil Market can be influenced by various factors. These may include:

Demand for Biofuels: The manufacturing of biodiesel frequently uses distillers' corn oil as a feedstock. Consequently, the market for distillers corn oil may be greatly impacted by the need for biofuels, which is fueled by laws governing the environment, financial incentives from the government, and a growing focus on renewable energy sources. Feed Industry Demand: Animal diets, especially those for pigs and poultry, also contain distillers corn oil as a feed element. Demand for distillers corn oil may increase due to the expansion of the livestock business and shifting customer tastes toward healthier and more environmentally friendly feed additives. Production of Corn Ethanol: A byproduct of the production of corn ethanol is distillers' corn oil. Thus, the production levels of distillers corn oil can be influenced by the dynamics of the corn ethanol market, such as corn pricing, ethanol demand, and government regulations that favor ethanol production. Regulatory Environment: The Distillers Corn Oil Market may be greatly impacted by laws pertaining to biofuels, renewable energy, animal feed, and food safety. Regulations can change the demand for distillers corn oil. Examples of these changes include blending requirements for biofuels or limitations on the use of specific feed additives. Substitute Products: Distillers Corn Oil's competitiveness in the biofuels and animal feed industries can be impacted by the availability and cost of substitute vegetable oils and animal fats. The demand for distillers corn oil can be impacted by variables like changes in the price of soybean oil, patterns in palm oil output, and changes in the way that people consume meat. Technological Advancements: The quantity and quality of distillers' corn oil can be impacted by developments in extraction and manufacturing methods for maize ethanol, which can change the dynamics of the distillers' corn oil market. New market potential may arise from enhanced extraction techniques or from the development of value-added goods made from distillers corn oil. Environmental Concerns: As people become more conscious of environmental problems like deforestation and climate change, there may be a greater demand for sustainable substitutes like biofuels made from distillers' corn oil. Environmentally friendly products are in high demand from businesses and consumers, which can affect consumer choices and market trends. Economic Factors: Consumer purchasing patterns, industrial output levels, and ultimately the demand for distillers corn oil across a range of end-use sectors can all be influenced by macroeconomic factors including GDP growth, currency exchange rates, and general economic stability. Market dynamics can be impacted by uncertain or downturning economies.

Corn rose to 433.53 USd/BU on December 2, 2025, up 0.01% from the previous day. Over the past month, Corn's price has fallen 0.17%, but it is still 2.43% higher than a year ago, 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 December of 2025.

Uruguay Retail Price: Corn Oil: Río de la Plata: El Dorado data was reported at 89.000 UYU in Aug 2020. This records a decrease from the previous number of 107.500 UYU for Jul 2020. Uruguay Retail Price: Corn Oil: Río de la Plata: El Dorado data is updated monthly, averaging 61.900 UYU from Jan 2017 (Median) to Aug 2020, with 41 observations. The data reached an all-time high of 110.900 UYU in Jun 2020 and a record low of 56.000 UYU in Aug 2018. Uruguay Retail Price: Corn Oil: Río de la Plata: El Dorado data remains active status in CEIC and is reported by Ministry of Economic and Finance. The data is categorized under Global Database’s Uruguay – Table UY.P001. Consumer Retail Prices: Retail Stores.

Russia Avg Producer Price: OKPD2: Food: Corn Oil data was reported at 55,417.610 RUB/Ton in Jan 2019. This records a decrease from the previous number of 56,043.710 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Food: Corn Oil data is updated monthly, averaging 49,711.630 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 75,188.680 RUB/Ton in Jan 2017 and a record low of 44,469.240 RUB/Ton in Dec 2017. Russia Avg Producer Price: OKPD2: Food: Corn Oil data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB002: Average Producer Price: Food.

Explore the Corn Oil Manufacturing Plant Project Report 2025 by Procurement Resource. Stay updated on Corn Oil manufacturing cost analysis, procurement insights, ROI, and market evaluation.