Corn Oil Market Size and Growth: [7.5% CAGR] Anticipated
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- Location: Cologne
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According to the TechSci Research report, the global corn oil market stood at USD 5.65 billion in 2022 and is anticipated to grow at a CAGR of 7.5% during the forecast period of 2024-2028.
This growth is attributed to rising health awareness, increasing industrial usage, and the growing demand for renewable energy sources such as biodiesel.
Corn oil, derived from the germ of maize kernels, has emerged as a key component in various industries worldwide. Its neutral flavor, high smoke point, and versatility make it a preferred choice in cooking and industrial applications. The global corn oil market has experienced significant growth, driven by increasing consumer preference for healthier cooking oils and expanding applications in the food processing and renewable energy sectors. With growing awareness of health and sustainability, manufacturers are actively focusing on improving production techniques, enhancing product quality, and exploring new market opportunities.
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