Product Code: ETC220350 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Corn Oil Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 12.21% in 2025, climbs to a high of 14.28% in 2028, and moderates to 14.16% by 2029.
Vietnam's Corn Oil market is anticipated to experience a high growth rate of 13.71% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Corn oil has gained prominence in Vietnam cooking and food processing industries. The corn oil market has seen steady growth as consumers opt for healthier cooking oil alternatives. Vietnam domestic corn production has contributed to the availability and affordability of corn oil, making it a preferred choice for health-conscious consumers and food manufacturers.
The growth of the Vietnam corn oil market is driven by consumers` preference for vegetable oils, the use of corn oil in cooking and frying, and its reputation as a heart-healthy oil option. Corn oil is known for its neutral flavor and high smoke point, making it suitable for various culinary applications. The market benefits from consumers` cooking habits, the demand for healthier cooking oils, and the incorporation of corn oil in recipes and food preparations. Manufacturers offer corn oil products that meet the culinary and nutritional needs of consumers, contributing to the market`s expansion.
The Vietnam corn oil market confronts challenges related to competition from other cooking oils and consumer preferences for healthier options. Corn oil is a common cooking oil, but consumers may opt for alternatives like olive oil or canola oil due to perceived health benefits. Manufacturers must adapt their marketing strategies to emphasize the nutritional value and versatility of corn oil while addressing health-conscious consumer preferences.
The Vietnam corn oil market witnessed changes in consumer preferences during the COVID-19 pandemic, impacting demand for edible oils. Corn oil producers in Vietnam adapted by offering cooking oils with health-related claims and emphasizing quality. As consumers continue to seek cooking oils suitable for various culinary applications, the market is expected to stabilize.
Key players in the Vietnam corn oil market include both domestic edible oil producers and international suppliers of corn oil products. Domestic companies like Tuong An Vegetable Oil Joint Stock Company contribute to the production and distribution of corn oil, a popular cooking and frying oil, within Vietnam. Additionally, international suppliers of corn oil like Archer Daniels Midland Company (ADM) are influential players in providing high-quality corn oil to the Vietnamese food processing and culinary industries, catering to consumer preferences for healthy cooking oils.
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 Vietnam Corn Oil Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Corn Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Corn Oil Market - Industry Life Cycle |
3.4 Vietnam Corn Oil Market - Porter's Five Forces |
3.5 Vietnam Corn Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Vietnam Corn Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Corn Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Corn Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing health consciousness among consumers leading to a higher demand for healthier cooking oil options. |
4.2.2 Growing awareness about the benefits of corn oil such as its high unsaturated fat content and vitamin E. |
4.2.3 Rising disposable income levels in Vietnam, leading to increased spending on premium cooking oils. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of corn due to factors like weather conditions and global demand, impacting the production cost of corn oil. |
4.3.2 Competition from other cooking oils like palm oil and soybean oil, which are more established in the market. |
5 Vietnam Corn Oil Market Trends |
6 Vietnam Corn Oil Market, By Types |
6.1 Vietnam Corn Oil Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Corn Oil Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Vietnam Corn Oil Market Revenues & Volume, By Edible, 2021-2031F |
6.1.4 Vietnam Corn Oil Market Revenues & Volume, By Non-Edible, 2021-2031F |
6.2 Vietnam Corn Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Corn Oil Market Revenues & Volume, By Food, 2021-2031F |
6.2.3 Vietnam Corn Oil Market Revenues & Volume, By Biofuel, 2021-2031F |
6.2.4 Vietnam Corn Oil Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Vietnam Corn Oil Market Revenues & Volume, By Others , 2021-2031F |
6.3 Vietnam Corn Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Corn Oil Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021-2031F |
6.3.3 Vietnam Corn Oil Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.4 Vietnam Corn Oil Market Revenues & Volume, By Departmental Stores, 2021-2031F |
6.3.5 Vietnam Corn Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Corn Oil Market Import-Export Trade Statistics |
7.1 Vietnam Corn Oil Market Export to Major Countries |
7.2 Vietnam Corn Oil Market Imports from Major Countries |
8 Vietnam Corn Oil Market Key Performance Indicators |
8.1 Consumer awareness levels about the health benefits of corn oil through surveys and focus groups. |
8.2 Number of new product launches and innovations in the corn oil market. |
8.3 Percentage of households in Vietnam using corn oil as their primary cooking oil. |
8.4 Adoption rate of corn oil in restaurants and food service establishments. |
8.5 Trends in imports and exports of corn oil in Vietnam. |
9 Vietnam Corn Oil Market - Opportunity Assessment |
9.1 Vietnam Corn Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Vietnam Corn Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Corn Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Corn Oil Market - Competitive Landscape |
10.1 Vietnam Corn Oil Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Corn Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |