The global corn oil market has been prophesied to be boosted by the upswing demand for the product as a reliable and efficient alternative to biodiesel which can be used to ensure a cutback in carbon footprint. In a report authored by Transparency Market Research (TMR), titled “Corn Oil Market – Global Industry Analysis, Size, Share, Trends, and Forecast 2016 – 2024,” the market growth has been expected to be supported by the unchallenging availability of raw material sold at a cheaper price since corn is grown widely across the globe. The analysts have also unveiled key segments of the market in respect of end user, type, distribution channel, and geography.
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The world corn oil market could invite a propelling demand on account of the need to treat cardiovascular diseases and hypertension in people with high blood pressure. Moreover, corn oil is studied to be an essential element to support immune function as it provides omega-6 and other essential fatty acids. Geographical regions such as California in the U.S. have been predicted to find an extensive application of corn oil due to their government standards of low carbon fuel usage. According to distribution channel, grocery stores could produce a decent level of demand in the market because of the soaring penetration of health food in smaller grocery outlets. However, hypermarkets and supermarkets have been anticipated to clutch a significant market share.
Germany followed by the U.K. could rake in a handsome growth on the back of a rising consumption rate to become one of the major markets for corn oil in Europe. Consequently, Europe has been prognosticated to be crowned as a leading region in the international corn oil market, also due to the rising consumer preference shifting toward healthy food products. On the basis of consumption, the U.S. could drive the North America market for a favorable growth. Owing to the surging demand for corn oil in the food sector, Asia Pacific has been envisaged to expand swiftly to become a faster growing region in the market.
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YONCA GIDA SAN. A.S., GreenField Specialty Alcohols Inc., Associated British Food plc, FEC Solutions, ConAgra Foods Inc., and Archer Daniels Midland Company are the crucial players that could be leading the global corn oil market. Along with their strategies and key product offerings, each of the players has been expansively evaluated in the report to gauge the competitive landscape of the market. Buyers of this publication can become familiar with the current as well as future trends and projections of the market vital for ensuring a tangible growth in the industry.
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