The United States leads the global maize oil market with a substantial share of 33.12 thousand metric tons, exhibiting a stable year-on-year growth trend of 0.21% in 2023. China is a distant second, showing significant market presence, while African countries like South Africa and Egypt have shown varying growth patterns. African nations like Tunisia and Egypt saw robust growth, contrary to declines in European nations such as France. Notably, developing regions exhibit emerging market potential. The five-year CAGR indicates a steady expansion of emerging markets, particularly in North Africa and the Middle East, supported by increasing consumption patterns.
Future trends suggest the potential for increased demand in health-conscious regions due to maize oil's perceived benefits, alongside expanding industrial applications across the Asia-Pacific and African regions. Monitoring agricultural policies and innovations in production techniques will inform future growth opportunities in the global market.
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 33.12 | 2023 | +0.3% | +0.21% | View data |
| 2 | 2 China | 15.96 | 2018 | View data | ||
| 3 | 3 South Africa | 4.23 | 2023 | 0% | 0% | View data |
| 4 | 4 Japan | 3.78 | 2023 | 0% | -1.02% | View data |
| 5 | 5 Italy | 3.33 | 2023 | 0% | 0% | View data |
| 6 | 6 Canada | 2.04 | 2023 | 0% | -0.95% | View data |
| 7 | 7 Kuwait | 1.84 | 2023 | 0% | +1.71% | View data |
| 8 | 8 France | 1.74 | 2023 | -2.78% | -4.03% | View data |
| 9 | 9 Spain | 1.74 | 2023 | 0% | +1.81% | View data |
| 10 | 10 Egypt | 1.69 | 2023 | 0% | +2.53% | View data |
