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Global Corn Gluten Meal Market Overview

2024-03-22 10:38:37

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The Global Corn Gluten Meal Market is estimated to reach $9.7 billion by 2027. Furthermore, it is poised to grow at a CAGR of 4.5% over the forecast period of 2022-2027. Corn gluten meal is derived from the corn milling process that acts as a natural herbicide by preventing grass and weed seeds from sprouting while causing no harm to the existing plants. It has a high value in the pet food market because of its naturally high protein content, and it is also utilized in aquaculture feed because it is less expensive than fish meals. Corn gluten meal contains a lot of carbs, iron, and phosphorus. Corn Gluten Feed is a by-product of corn starch, sweeteners, oil, and other goods wet milling corn produces. It is manufactured by spraying corn slurry onto corn bran extracted from the corn starch manufacturing process and then steam drying it. Corn gluten meal is commonly used to add texture and flavor to products. Corn gluten meal is available in various forms, including dry-loose, dry-pellets, and moist. Corn gluten is widely utilized as a cattle feed all over the world. Because of the complexity of cattle's digestive processes, providing them with a fiber-rich diet is preferable. Corn gluten meal is considered the main protein extracted from the endosperm of corn. Corn gluten meal is a by-product of the wet milling of cereal grains, primarily fed to the poultry and dairy industry. Corn gluten meal is also known as corn protein, which helps to enrich protein in various applications. According to the USDA (United States Department of Agriculture), the price of corn gluten meal decreased by 2.5% in 2020, further increasing consumers' adoption of corn gluten meal. The robust growth of corn gluten meal in the animal feed industries such as poultry and aquaculture are some of the factors driving the global corn gluten meal Industry forward in the projected period of 2022-2027.

Global Corn Gluten Meal Market Report Coverage

The report: “Global Corn Gluten Meal Market Forecast (2022-2027)" by Industry ARC covers an in-depth analysis of the following segments of the Global Corn Gluten Meal Market.

By Nature- Organic and Conventional.
By Application- Animal Feed, Herbicide, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

· Geographically, Asia-Pacific held a dominant market share in the year 2021. It is owing to the growing consumption of corn gluten meal in various applications. China is the world's largest consumer of corn gluten meal, which is used as cattle feed. It is also the world's largest producer of corn gluten meal, owing to its massive corn starch processing industry. Moreover, an increase in the usage of corn gluten feed in aquaculture feed will surge the market growth.

· The robust growth of corn gluten meal in the animal feed industry, such as poultry and aquaculture, is one factor driving the Corn Gluten Meal Market. However, stringent government regulations regarding corn gluten meals impede market growth.

· A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Corn Gluten Meal Market Report.

Global Corn Gluten Meal Market- Geography (%) for 2021.

Global Corn Gluten Meal Market Segment Analysis- By Nature

The Corn Gluten Meal market based on nature can be further segmented into organic and conventional. Organic held a dominant market share in the year 2021. Corn gluten meal contains more than 60% proteins in organic form. For animal feed, the demand for organic products increases as they provide proper nutrition to animals, which gives rise to the use of organic corn gluten meal for the animal feed industry. Rising demand for better nutrition products gives rise to the market for organic corn gluten meal, which further increases the production among manufacturers.

However, Conventional is estimated to be the fastest-growing, with a CAGR of 5.6% over the forecast period of 2022-2027. Conventional corn gluten meal is less expensive and is available commonly. Corn meal usage is increasing in the bakery and fast-food industries, and individuals are adopting Western lifestyles as their disposable money rises, which further leads to the adoption of conventional corn gluten meal products.

Global Corn Gluten Meal Market Segment Analysis- By Application

Based on the application, the Corn Gluten Meal market can be further segmented into Animal Feed, Herbicide, and Others. Animal Feed held a dominant market share in the year 2021. In recent years, the global animal feed business has experienced substantial growth. Animal feed is one of the largest and most significant components for ensuring safe, plentiful, and economical animal proteins in the global food market. Corn gluten meal has a huge demand in the animal feed industry worldwide, mainly in poultry, aqua, pigs, and cattle, as it helps provide a fiber-rich diet, increasing the demand in the animal feed industry.

However, Herbicide is estimated to be the fastest-growing, with a CAGR of 4.9% over the forecast period of 2022-2027. Corn gluten meal contains 10% nitrogen, which becomes a very effective fertilizer, thus increasing its usage as an herbicide. Moreover, owing to the ban on using pesticides, there has been an increased demand for organic weed control products, and thus, the use of corn gluten meal on lawns has proliferated.

Global Corn Gluten Meal Market Segment Analysis- By Geography

The Global Corn Gluten Meal market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. Asia-Pacific held a dominant market share of 37% in 2021 and is poised to be the fastest-growing segment during the forecast period 2022-2027. It is owing to the growing consumption of corn gluten meal in various applications. China is the world's largest consumer of corn gluten meal, which is used as cattle feed. It is also the world's largest producer of corn gluten meal, owing to its massive corn starch processing industry. Moreover, the increase in corn gluten feed usage in aquaculture feed surges the market growth. According to NCBI, China has recently produced about 8 lakh tons of corn gluten meal owing to the rising demand of various industries. Additionally, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027. This is owing to robust demand from far-off countries like the U.S. and other developing nations. Moreover, government policies to improve the yield per hectare would allow a strong use of corn gluten meal as animal feed and herbicides.

Global Corn Gluten Meal Market Drivers

Rising health awareness about pets gives rise to the usage of corn and gluten-containing meals, which has readily aided market growth.

Corn gluten meal is considered a healthy food for livestock, as it contains proteins that make the feed rich in indigestible fiber and minerals crucial for animals. Recently, animals have been suffering from various infectious diseases that have increased concerns about their health. More than 60% of animals are now suffering from contagious diseases, which gives rise to the adoption of corn gluten meal in the animal industry as it provides a proper diet to animals, which decreases the risk of getting infected. In recent years, the global animal feed business has experienced substantial growth. Animal feed is one of the largest and most significant components for ensuring safe, plentiful, and economical animal proteins in the global food market. Corn gluten meal has a huge demand in the animal feed industry worldwide, mainly in poultry, aqua, pigs, and cattle, as it helps provide a fiber-rich diet, increasing the demand in the animal feed industry.

Growing demand for corn gluten meal in the agricultural sector is set to drive market growth.

The demand for corn gluten meal is increasing in the agricultural sector as it is not harmful to farmers or animals when used as an herbicide. Corn gluten meal contains a high nutritional value, increasing its fertilizer usage. Herbicides are cheaper, and the demand increased by 10-15% in 2019. This substance produces an excellent fertilizer because maize and grass are from the same plant family. Corn gluten flour offers the lawn a lovely, natural dark green color and provides much disease resistance.

Global Corn Gluten Meal Market Challenges

Stringent government regulations on corn gluten meal are impeding the market growth.

Stringent government regulation towards health and safety hampers the corn gluten meal market. Regulatory standards focus on increasing the usage of gluten-free products, so manufacturers cannot apply more than 20mg/kg of gluten in any product. These factors reduce the production of corn gluten meal products and thus challenge the market growth.

Global Corn Gluten Meal Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies players in the Global Corn Gluten Meal Market adopt. The top 10- Global Corn Gluten Meal Market companies are-

1. Agrana Group,

2. Archer Daniels Midland Company,

3. Bunge Ltd.,

4. Cargill Incorporated,

5. Commodity Specialists Company,

6. Grain Processing Corporation,

7. Ingredion Incorporated,

8. Tate & Lyle Plc.,

9. Tereos Syral,

10. The Roquette Group.

Recent Developments

· In February 2022, Si-Ware, a NIR-based tool, would allow feed millers to maximize the use of high-value raw materials. The FT-NIR spectral scanning technology would allow for measuring raw material’s nutrient content and protein levels, allowing real-time decisions to maximize feed production and reduce overall input costs. The company believes that input raw materials such as soybean meals and corn gluten meals are increasing, helping save costs in the long run.

· In February 2022, Gujarat Ambuja Exports decided to set up a greenfield corn-wet milling plant in Uttarakhand, India. The corn wet milling plant is being set up to manufacture starch, starch derivatives, and polyols, viz., sorbitol, maltitol, and mannitol. The company's capacity was close to 750 tons daily, reaching 1750 tons daily after UNIT-III was up and running. The cost is kept between 400-500 crores, which internal accruals will complete.

· In September 2019, Cargill opened a corn milling plant in India by investing US$ 10 million in a storage capacity of 60,000 tons. This gives Indian and international food industries access to high-quality, temperature-controlled raw materials, resulting in higher product quality.

 


Author: VITAS INDUSTRY CO.,LTD
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