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Albany, NY -- (SBWIRE) -- 05/02/2017 -- With the rising literacy level in developing countries, households are going through tremendous changes in consumption patterns. Increasing adoption of Maize oil is one of these changes, as maize oil is beneficial to health and is also easy to digest. Nowadays, Health conscious people choose maize oil over other oils having large amount of saturated fatty acids. Market Research Reports Search Engine (MRRSE) has recently broadcasted the addition of a new report to its vast online repository of global market intelligence. This report discusses the global maize oil market and is titled as "Maize Oil Market - Global Industry Size, Market Share, Trends, Analysis, and Forecast 2016 – 2023". The report examines the current market state as well as the future prospect of the global maize oil market.
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With this thorough study, the readers will firstly get a holistic overview of the market, including different factors impacting the global market. It offers an in-depth analysis of the economic and social factors and government policies that will drive the market's trajectory during the forecast period 2016 – 2023. It also presents a wide-ranging assessment of the market, covering investigation of historical data and recent developmental trends with reliable predictions about market data. These projections included in the report are calculated using standard industrial research methodologies and assumptions. Geographically, the report also identifies the most lucrative regional markets for maize oil through extensive primary and secondary research. North America, Asia Pacific, Europe and Rest of the World are the primary regions outlined in the study.
The study predicts that the global maize oil market is expected to grow with a significant single digit CAGR during the period of 2013- 2019. Key drivers contributing towards the growth are increased usage of maize oil for cooking in urban areas and rising health concerns among people in emerging countries. The maize oil can be used for cooking purpose or as a bio-fuel. Besides this, its by-products are used as fertilizers and animal feed. Due to its diversified uses, the demand for maize oil is increasing. On the other hand, the restraining factors are government regulations on labeling, manufacturing and selling of the oil.
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A vital part of the report is the segregation of the global maize oil market based on application and geographical region. On the basis of application, the market is segmented into household usage, agricultural usage and industrial usage. Some of the key players operating in global maize oil market are Neshiel Chemical Pvt. Ltd., RPMG Inc., Soyyiit Group and Cargill Inc among others.
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