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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 6.5 Billion
Market Forecast in 2033	USD 11.47 Billion
Market Growth Rate 2025-2033	6.5%

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 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...

Maize Oil Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

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

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.

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.

Explore the critical factors driving corn oil price fluctuations, including climate impacts, global trade regulations, and increased biofuel demand. Understand the implications for consumers and industries, and discover strategies to navigate the evolving economic landscape of corn oil.

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 6.8 billion U.S. dollars, and is forecast to reach nearly 7.2 billion dollars by 2024.

The global corn oil market is experiencing robust growth, driven by increasing consumer demand for healthier cooking oils and its versatility in various food applications. The market's expansion is fueled by several factors, including the rising global population, increasing disposable incomes in developing economies leading to higher consumption of processed foods, and the growing awareness of corn oil's nutritional benefits, such as its relatively high linoleic acid content. Furthermore, the cost-effectiveness of corn oil compared to other vegetable oils makes it a preferred choice for both consumers and food manufacturers. However, the market faces challenges such as fluctuations in corn prices, which directly impact production costs and pricing. Additionally, the growing popularity of other healthier oils, such as olive oil and avocado oil, poses competitive pressure. Segment analysis reveals significant contributions from food processing industries, followed by direct consumer purchases for household use. Major players, including Archer Daniels Midland (ADM), Cargill, and Conagra Foods, are strategically investing in research and development to enhance corn oil quality and explore new applications. Geographical analysis suggests strong growth in Asia-Pacific and Latin America, driven by increasing demand and favorable economic conditions. Considering a hypothetical CAGR of 5% (a reasonable estimate for a mature market with steady growth) and a 2025 market size of $10 billion (a plausible estimation based on global vegetable oil market data), the market is projected to maintain a steady trajectory over the forecast period (2025-2033). The competitive landscape is characterized by both large multinational corporations and regional players. Major companies are leveraging their extensive distribution networks and brand recognition to maintain market share. Smaller companies are focusing on niche markets and innovative product offerings to compete effectively. Future market growth will depend on factors like technological advancements in oil extraction and refining, successful marketing campaigns highlighting the benefits of corn oil, and proactive measures to manage price volatility. Sustainability concerns are also becoming increasingly important; thus, companies are adopting sustainable agricultural practices to enhance their brand image and meet evolving consumer preferences. The market is expected to witness product innovation with the introduction of functional corn oils enriched with vitamins and antioxidants to cater to health-conscious consumers.

Corn fell to 393.37 USd/BU on July 14, 2025, down 0.66% from the previous day. Over the past month, Corn's price has fallen 9.52%, and is down 2.69% 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 July of 2025.

The global Zea Mays (corn) oil market is experiencing robust growth, driven by increasing demand across diverse sectors like food, cosmetics, and pharmaceuticals. The market's expansion is fueled by several factors: the rising popularity of corn-based products in food applications (e.g., cooking oils, margarines), the increasing use of corn oil in cosmetics due to its emollient properties and affordability, and its growing acceptance as a cost-effective ingredient in various pharmaceutical formulations. Furthermore, ongoing research into the health benefits of corn oil, including its potential role in reducing cholesterol levels (when part of a balanced diet) and its rich vitamin E content, is contributing to positive market perception. However, the market also faces challenges. Fluctuations in corn prices, a major raw material, significantly impact production costs and profitability. Competition from other vegetable oils, such as soybean oil and sunflower oil, which often offer similar functionalities at varying price points, also presents a considerable restraint. The market is segmented by application (food, cosmetic, medicinal, other) and type (unrefined, refined, other), with the food segment currently dominating the market share. Major players such as Ingredion, ADM, Cargill, and others are actively involved in refining and distribution, contributing to a competitive landscape. Future growth will likely be propelled by innovations in refining techniques leading to improved oil quality and the development of new applications in niche markets. The regional distribution reveals significant market presence in North America, driven by high corn production and established consumption patterns. Asia Pacific, particularly China and India, presents a considerable growth opportunity due to their burgeoning populations and expanding food processing industries. Europe also holds a stable market share, though growth may be moderated by existing regulatory frameworks and consumer preferences for other oils. The predicted CAGR for the forecast period suggests a sustained growth trajectory, although variations in global corn prices and evolving consumer preferences will remain key influencing factors impacting market performance. Continued investment in research and development, focused on enhancing the nutritional profile and exploring new applications, will be crucial for maintaining the market's momentum in the coming years. Sustainable sourcing practices and transparent supply chains are also gaining importance, shaping consumer choices and influencing industry practices.

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.

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 Apr 2025 about refined, corn, processed, crude, oil, food, commodities, PPI, price index, indexes, price, and USA.

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.

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.