| Product Code: ETC220347 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Singapore corn oil market, the import trend showed significant growth from 2023 to 2024, with a growth rate of 108.19%. However, the compound annual growth rate (CAGR) for the period 2020-2024 was -2.67%. This decline could be attributed to shifting consumer preferences towards healthier oil alternatives or changes in trade policies impacting import volumes.
By 2027, Singapore's Corn Oil market is forecasted to achieve a negative growth rate of -0.01%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

The Singapore corn oil market has witnessed steady growth in recent years due to the increasing awareness about the health benefits associated with corn oil consumption. Corn oil, known for its high content of polyunsaturated fats and vitamin E, has gained popularity among health-conscious consumers seeking healthier cooking alternatives. The market is characterized by the presence of both local and international corn oil brands, offering a range of options to consumers. As the demand for healthier cooking oils continues to rise, the corn oil market in Singapore is expected to maintain its growth trajectory.
The Singapore canned peaches market experiences growth due to several key factors. Canned peaches offer year-round availability and extended shelf life compared to fresh peaches, making them a preferred choice for consumers. They are widely used in desserts, salads, and as a topping for various dishes, enhancing their popularity. The health-conscious trend has also contributed to the market`s growth, as canned peaches are a source of essential vitamins and minerals. Creative marketing strategies, such as promoting canned peaches as a healthy snack alternative and ingredient in smoothies, have expanded their consumer base.
The Singapore corn oil market confronts challenges related to its dependence on imported corn for oil production. Fluctuations in global corn prices and supply disruptions can impact the cost and availability of corn oil in the country. Additionally, consumers in Singapore are becoming increasingly health-conscious, demanding healthier oil options, which can lead to competition from alternative vegetable oils. Stricter regulations on food labeling and nutritional content also require manufacturers to adhere to rigorous standards, potentially increasing production costs. To succeed in this market, corn oil producers must navigate these challenges while meeting consumer preferences and regulatory requirements.
The Singapore corn oil market experienced disruptions in supply and increased costs. The global corn supply chain was impacted, affecting the availability of corn oil. Despite this, consumers continued to demand cooking oils, including corn oil, for home cooking. Producers adapted by exploring alternative sources and ensuring product availability in smaller packaging options.
In the corn oil market, prominent players include Archer Daniels Midland Company (ADM), Cargill, and Bunge Limited, which provide corn oil products for various culinary and industrial applications in Singapore.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Corn Oil Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Corn Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Corn Oil Market - Industry Life Cycle |
3.4 Singapore Corn Oil Market - Porter's Five Forces |
3.5 Singapore Corn Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Singapore Corn Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Singapore Corn Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Singapore Corn Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of corn oil |
4.2.2 Growing demand for natural and healthy cooking oils in Singapore |
4.2.3 Rise in disposable income leading to higher spending on premium cooking oils |
4.3 Market Restraints |
4.3.1 Price volatility of corn oil due to fluctuations in corn prices |
4.3.2 Competition from other cooking oils such as olive oil and coconut oil in the market |
5 Singapore Corn Oil Market Trends |
6 Singapore Corn Oil Market, By Types |
6.1 Singapore Corn Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Corn Oil Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Singapore Corn Oil Market Revenues & Volume, By Edible, 2021-2031F |
6.1.4 Singapore Corn Oil Market Revenues & Volume, By Non-Edible, 2021-2031F |
6.2 Singapore Corn Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Corn Oil Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Singapore Corn Oil Market Revenues & Volume, By Biofuel, 2021-2031F |
6.2.4 Singapore Corn Oil Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Singapore Corn Oil Market Revenues & Volume, By Others , 2021-2031F |
6.3 Singapore Corn Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Corn Oil Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.3.3 Singapore Corn Oil Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.4 Singapore Corn Oil Market Revenues & Volume, By Departmental Stores, 2021-2031F |
6.3.5 Singapore Corn Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Corn Oil Market Import-Export Trade Statistics |
7.1 Singapore Corn Oil Market Export to Major Countries |
7.2 Singapore Corn Oil Market Imports from Major Countries |
8 Singapore Corn Oil Market Key Performance Indicators |
8.1 Consumer adoption rate of corn oil in Singapore |
8.2 Number of new product launches and innovations in the corn oil market |
8.3 Trends in health and wellness industry affecting the demand for corn oil in Singapore |
9 Singapore Corn Oil Market - Opportunity Assessment |
9.1 Singapore Corn Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Singapore Corn Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Singapore Corn Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Singapore Corn Oil Market - Competitive Landscape |
10.1 Singapore Corn Oil Market Revenue Share, By Companies, 2024 |
10.2 Singapore Corn Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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