A new report by Reports and Data suggests that the globalRefined Corn Oil Marketis projected to reach USD 8.83 Billion by 2027 due to the rising demand from various end-use applications. The markets growth is primarily attributed to the increasing demand for Refined Corn Oil in the food industry. Refined Corn Oil contains a significant amount of ubiquinone and large quantities of vitamin E, which offer protection from oxidative rancidity. It is commonly used as a cooking and salad oil, and it provides essential fatty acids and energy that are easily digestible by humans. Additionally, Refined Corn Oil has a high content of polyunsaturated fatty acids, which lower cholesterol, and its low saturated fatty acids content raises cholesterol, making it a beneficial food oil for reducing serum cholesterol.
The pharmaceutical industrys growing use of Refined Corn Oil as a drug molecule carrier is expected to drive market growth in the coming years. Refined Corn Oil supplementation is considered a cost-effective and efficient way to improve the protective functionality of equine glandular gastric mucosa. Moreover, Refined Corn Oil is used in various industries, including salve, soap, paint, inks, rustproofing for metal surfaces, nitroglycerin, textiles, and insecticides.
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Major Companies:
Archer Daniels Midland Company, Cargill Inc., Associated British Food PLC, The Adani Wilmar Ltd., Grief Inc., Ruchi Soya Industries, Bunge Limited, Borges International Group SLU, Marico Limited, and GreenField Specialty Alcohols Inc., among others.
The Driving Factors of the Refined Corn Oil Market:
The increasing demand from various end-use applications such as the food industry, pharmaceutical industry, and other industries such as soap, paint, and insecticides. Refined Corn Oils beneficial properties, such as its high content of polyunsaturated fatty acids that lower cholesterol, and its low saturated fatty acids content that raises cholesterol, make it a desirable food oil.
In addition, Refined Corn Oil contains significant amounts of ubiquinone and vitamin E, which provide protection from oxidative rancidity, making it a popular choice for cooking and salad dressings. The use of Refined Corn Oil as a drug molecule carrier in the pharmaceutical industry is also contributing to the markets growth.
On the other hand, the restraint of the Refined Corn Oil market is mainly related to the availability of alternative sources of cooking oils, such as soybean oil, canola oil, and sunflower oil. These oils also offer similar health benefits as Refined Corn Oil and are readily available, making them attractive alternatives. Additionally, the high cost of production and the potential for price fluctuations due to corn crop harvest variations can also hinder market growth.
To know more about the report @https://www.reportsanddata.com/report-detail/corn-oil-market
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