Increase in Demand for Cosmetics to Propel the use of Corn Oil

Wed, 27 May 2020 10:43

Corn oil is a pale-yellow substance obtained by the processing of corn. Corn is among the highest used crop used as food, feed, and as an industrial cereal. In addition to this, a surge in urbanization, health consciousness among the people, and the improved lifestyle of the masses have led to an increase in demand for quality products. These changes have also led to an increase in demand of cosmetics. Cosmetics prefer using corn oil owing to its characteristics such as its high antioxidant properties, and its use in nourishing and moisturizing hair, among other uses.

Manufacturers of cosmetics have been opting for attractive packaging and labeling in order to attract higher sales. In addition to this, online retailers have been offering deep discounts and attractive offers such as free shipping to boost the sales of cosmetics. The effective use of social media as a marketing tool to influence young customers is also likely to lead to the growth of cosmetics sales which in turn will drive the demand for corn oil in cosmetics.

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Impact of COVID-19

The coronavirus is having disrupted the supply chain of corn oil, which is largely in demand across Europe, the U.S., China, and India. These economies are also home to some of the largest consumer sectors and multinationals. Major producers of corn oil are likely to mobilize their operations to other parts that are less or not affected by this pandemic. New trade treaties are likely to be formed to facilitate the manufacturers and suppliers of corn oil in entering new markets. On consumption, consumers are likely to demand higher supply chain transparency. This is expected to usher in regulations and changes in government policies with regards to higher transparency in the supply chain.

The global pandemic has resulted in a decrease in various economic activities which will result in a decrease in the consumption power and eventually lead to a decline in the corn oil market.

Key Players

  • ACH Food Companies, Inc.
  • Abu Dhabi Vegetable Oil Company
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Wilmar International Ltd.
  • Qingdao Changsheng Group Co., Ltd.
  • Elburg Global
  • Savola Group
  • ConAgra Brands, Inc
  • IFFCO
  • Henry Lamotte Oils GmbH
  • Cairo Oil And Soap
  • Lam Soon Edible Oils Sdn. Bhd.
  • K. Proteins Pvt Limited
  • Taj Agro International
  • The J.M. Smucker Company
  • Saporito Foods Inc.
  • Macjerry Sunflower Oil Co. Ltd.
  • d. Bracko

Corn Oil Market Segmentation

By Type

  • Edible
  • Non-edible

By Application

  • Food processing
  • Cosmetics
  • Paints and coatings
  • Insecticides
  • Biofuel

By Distribution Channel

  • Institutional/direct sales
  • B2C
    • Retail
    • Supermarket/hypermarket
    • Online

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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