In 2023, corn oil sales in the US stood at approximately 1.244 billion USD. The forecasted data from 2024 to 2028 indicates a steady growth with year-on-year variations as follows: 2024 (0.65%), 2025 (0.69%), 2026 (0.67%), 2027 (0.65%), and 2028 (0.63%). This provides a compound annual growth rate (CAGR) of 0.66% from 2023 through 2028.
Future trends to watch for include:
- Potential impacts of pricing fluctuations in corn production.
- The influence of health and wellness trends on corn oil demand.
- Changes in consumer preferences towards alternative oils.
- Environmental policies affecting corn cultivation and processing.
