Europe Corn Oil Market Outlook, 2028

The consumption of corn oil in Europe plays a pivotal role in influencing the overall growth of the corn oil market. Europe, with its diverse culinary traditions and increasing health-conscious consumer base, has emerged as a significant market for corn oil. The trend towards healthier cooking oils has led to a growing preference for corn oil, due to its lower saturated fat content and high levels of heart-healthy monounsaturated and polyunsaturated fats. In Europe, corn oil manufacturing units are primarily concentrated in regions with a robust agricultural sector and a history of corn cultivation. Two of the regions that have some of the largest corn oil manufacturing units are Southern Europe and Eastern Europe. Southern Europe, which includes countries like Spain and Italy, has a well-established agricultural sector with a focus on corn cultivation. The demand for corn oil in Southern Europe is driven by its suitability for frying and its neutral taste, making it a popular choice for various culinary applications. Eastern Europe, encompassing countries like Hungary and Ukraine, is another significant hub for corn oil production. According to the research report, “Europe Corn Oil Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add around USD 819 Million from 2023 to 2028. In Europe, various food festivals and events showcase the versatility of corn oil in different cuisines. This exposure helps consumers appreciate the neutral taste and high smoke point of corn oil, making it an ideal option for frying, baking, and salad dressings. Consumer preferences also vary across regions in Europe. Moreover, the European market is witnessing a shift towards cleaner label and natural ingredients, and corn oil fits well into this paradigm. Many manufacturers are now offering premium and organic corn oil products to cater to consumers looking for healthier and more natural cooking oil options. While some countries like Germany and the United Kingdom have seen a surge in corn oil adoption due to its health benefits, others, like Spain and Italy, where olive oil is traditionally dominant, are gradually incorporating corn oil into their cooking routines, particularly for frying purposes.

The report is segmented based on the countries; European countries contribute significantly to the consumption and growth of the corn oil market. In countries like Germany and the United Kingdom, health-conscious consumers have been increasingly opting for corn oil due to its heart-healthy properties. These nations have witnessed a shift towards lighter and healthier cooking oils, and corn oil has gained traction as a preferred choice for cooking, baking, and salad dressings. Eastern European countries such as Poland and Hungary have also seen a rise in corn oil consumption. These regions have historically favored sunflower oil, but the nutritional advantages of corn oil, along with effective marketing efforts, have prompted consumers to incorporate it into their cooking routines. In Southern Europe, particularly in countries like Spain and Italy, the use of olive oil remains dominant. However, corn oil has started to find its niche, especially for frying purposes. Its neutral flavor and ability to withstand high temperatures make it a suitable option for frying traditional Mediterranean dishes. The corn oil market in France, known for its culinary traditions, has witnessed mixed trends. The corn oil market is segmented on the basis of Nature of oil; Conventional and Organic. In the European corn oil market, the conventional type of corn oil currently holds the largest market share, largely due to its longstanding availability and competitive pricing. Corn oil has been a staple in European households and the food industry for years, primarily because of its neutral flavor and versatility in cooking applications. The demand for conventional corn oil remains robust as it caters to a wide range of consumers and culinary needs. However, a significant shift is underway as consumers in Europe increasingly prioritize health and wellness and exhibit a growing preference for organic products. Organic corn oil, sourced from non-genetically modified corn and produced without synthetic pesticides or fertilizers, aligns with these evolving consumer preferences. As a result, organic corn oil is expected to hold the largest CAGR within the European corn oil market from 2023 to 2028. According to the End-User’s; the usage of corn oil is classified into three end users, Households, Industrials, and Food Services. Household sectors hold the largest market share in 2022. Among these, the household sector emerged as the largest market share holder for corn oil consumption. Households play a pivotal role in the corn oil market as they utilize this cooking oil for various culinary purposes such as frying, baking, sautéing, and salad dressings. Corn oil's neutral flavor and high smoke point make it a versatile choice in the kitchen, appealing to a wide range of home cooks and consumers. It is often preferred for its ability to deliver delicious and consistent results in home-cooked meals. The preference for corn oil in households can be attributed to its affordability, availability, and the familiarity of consumers with this cooking oil. The use of corn oil in other industries is also contributing to the overall growth. Biodiesel is a renewable fuel derived from fats and oils. Although any source of fat can be used, corn is one of the oils used in this industry. However, the source of the corn oil is typically not edible corn oil as described above but instead the back end of a dry-grind ethanol process. In the agricultural sector, corn oil is utilized in the production of insecticides and pesticides. It serves as an essential carrier or solvent for various active ingredients used in these products. The food services sector, encompassing restaurants, cafeterias, and catering services, incorporates corn oil into their cooking and food preparation. According to the market, the distribution of corn oil can be categorized into Online and Offline modes. In Offline modes, Conventional stores followed by Hypermarkets/ Supermarkets and Direct sales of corn oil holds the significant market shares. However, in recent years, there has been a noticeable shift in how consumers access and purchase corn oil. The emergence and growth of e-commerce and online shopping platforms have significantly impacted the distribution landscape. More consumers are now opting to buy corn oil online, taking advantage of the convenience and accessibility those e-commerce offers. Online retailers and grocery delivery services have made it easier than ever for shoppers to have corn oil and other groceries delivered directly to their homes. This increase in online distribution channels can be attributed to changing consumer lifestyles and preferences, especially as digital shopping platforms continue to improve their product offerings, user experiences, and delivery services. As a result, corn oil brands and retailers have adapted to this trend, establishing a stronger online presence and expanding their e-commerce capabilities to meet the evolving needs of consumers. Considered in this report: •Geography: Europe •Historic year: 2017 •Base year: 2022 •Estimated year: 2023 •Forecast year: 2028 Aspects covered in this report: •Europe Corn Oil Market with its value and forecast along with its segments •Various drivers and challenges •On-going trends and developments •Top profiled companies •Strategic recommendation

Countries covered in the report: •Germany •United Kingdom •France •Spain •Italy •Russia By Nature: •Conventional •Organic By End User: •Household •Industrial •Food Service By Distributional Channel: •Conventional Store •Hypermarket/Supermarket •Direct Sales •Online •Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Corn Oil Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.