Home > Food & Beverages > Food Additives > Flavor Enhancers > Corn Oil Market

Corn Oil Market Share

Report ID: GMI7841
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Corn Oil Market Share

Archer-Daniels-Midland (ADM), Cargill, Bunge, Louis Dreyfus Company (LDC), and COFCO Corporation stand out as major players in the global corn oil industry, collectively wielding significant influence and holding substantial market share. As a US-based agricultural processing giant, ADM has established a global presence with operations spanning various regions, contributing to its dominant position in corn oil production and refining.

Cargill, another US-based agricultural processing powerhouse, boasts a substantial footprint in North and South America, leveraging its extensive resources to consolidate a notable share in the corn oil market. Similarly, Bunge, a prominent agribusiness company based in the US, operates corn oil processing facilities across multiple countries, including the key markets of the US, Brazil, and Argentina, solidifying its standing as a major player.

Louis Dreyfus Company, a Swiss agricultural trader and processor, further diversifies the landscape by contributing to the corn oil market's growth with operations in Europe, Asia, and South America. COFCO Corporation, a Chinese state-owned agribusiness giant, not only commands a significant share in the domestic corn oil market but also expands its influence globally, showcasing the increasing internationalization of key players in the industry. These large players play a crucial role in shaping the market dynamics, driving innovation, and meeting the evolving demands of consumers and industries worldwide.

Their collective market dominance is a result of a combination of factors, including robust agricultural infrastructure, advanced production technologies, and strategic global expansions. As major contributors to the corn oil market's growth and stability, these players navigate international markets, ensuring a steady supply of high-quality corn oil to meet the diverse needs of consumers in various regions.

Corn Oil Market Companies

Major companies operating in the corn oil industry include:

Archer-Daniels-Midland (ADM)
Cargill
Bunge
Louis Dreyfus Company (LDC)
COFCO Corporation
NutriAsia
Sunora Foods
ADVOC
ACH. J.M. Smucker
Cairo Oil and Soap
Ingredion Incorporated
Richardson International
Roquette Freres
Greenfield Specialty Alcohols
Abu Dhabi Vegetable Oil Company LLC (AVOC)

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of corn oil reached USD 5.88 billion in 2023 and is set to cross USD 10.33 billion by 2032, as it is centered around the production and distribution of vegetable oil extracted from corn germ.

Edible oil segment was valued at USD 3.37 billion in 2023, driven by the distinction between edible and non-edible types.

U.S. market revenue was USD 1.52 billion in 2023, attributed to the country's robust agricultural infrastructure, advanced production technologies, and a burgeoning demand for corn oil across diverse applications.

Archer-Daniels-Midland (ADM), Cargill, Bunge, Louis Dreyfus Company (LDC), COFCO Corporation, NutriAsia, Sunora Foods, ADVOC, ACH. J.M. Smucker, Cairo Oil and Soap, Ingredion Incorporated, Richardson International, Roquette Frères, Greenfield Specialty Alcohols, and Abu Dhabi Vegetable Oil Company LLC (AVOC).