Published on : Oct 26, 2016
The global corn oil market is one of the fastest growing markets in the food and beverages market. With many new companies entering the mainstream, the global corn oil market is expected to become more competitive in the long run. Many internal and external factors are shaping up the global corn oil market, leading to new opportunities for the key companies. The entry of new companies is likely to make the global market highly competitive. The use of corn oil is increasing in non-edible and edible applications, which is a vital factor expected to propel the global market.
Untapped Market to Create New Growth Opportunities
In many emerging regions, people are still unaware of the many uses of corn oil, which is a challenge for the key players. The leading players are anticipated to target the developing nations to capture the untapped market, which is likely to create more growth opportunities. Many leading companies are aiming to acquire and merge with the startup companies in order to adopt new production technologies. With this, they aim to maintain their dominance in the global corn oil market. Leading players also plan to increase their product base in the near future by adopting the changing trends. With the growing awareness about global warming, many leading companies are focusing on adding greener products to their offerings.
Demand for Corn Oil to be Highest from Livestock Segment
The demand for corn oil is expected to increase from various industries including food processors, retail, food service industries, the pharmaceutical industry, and livestock and from the industrial sector. The demand for corn oil is expected to be the highest from the livestock segment.
The rising consumer preference for healthy living, edible oils, and healthy cooking is increasing owing to the rising need to minimize heart diseases. This is likely to propel the global demand for corn oil in the coming future.