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Global Corn Gluten Meal Market Size Estimated to Reach $9.7 Billion by 2027

The Global Corn Gluten Meal Market size 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 produced by wet milling corn. It is manufactured by spraying corn slurry onto corn bran that has been 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 a variety of 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, it is preferable to provide them with a fiber-rich diet. 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 which is primarily fed to the poultry and dairy industry. Corn gluten meal is also known as corn protein which helps to provide protein enrichment in various applications. According to the USDA (United States Department of Agriculture), the price of corn gluten meal decreases by 2.5% in 2020 which further increases the adoption of corn gluten meal among consumers. 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 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 it provides 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 demand 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 gives rise to the adoption of conventional corn gluten meal products.

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Global Corn Gluten Meal Market Segment Analysis- By Application

The Corn Gluten Meal market based on the application 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 the poultry, aqua, pigs, and cattle as it helps to provide a fiber-rich diet which increases 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 and thus increasing its usage as herbicides. 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 grown rapidly.

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 the year 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 it uses 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 usage of corn gluten feed in aquaculture feed surging the market growth. According to NCBI, recently, China produces 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. It 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 robust use of corn gluten meal as animal feeds and herbicides.

Global Corn Gluten Meal Market Drivers

Rising health awareness about pets gives rise to the usage of corn gluten meal which has readily aided the market growth

Corn gluten meal is considered a healthy food for livestock which contains proteins that make the feed rich indigestible fiber and minerals crucial for animals. Recently animals are suffering from various infectious diseases that increase the concerns towards the health of animals. More than 60% of animals are now suffering from infectious 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 the poultry, aqua, pigs, and cattle as it helps to provide a fiber-rich diet which increases 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 it is used as an herbicide. Corn gluten meal contains a high nutritional value which increases its usage as fertilizer. Herbicides are cheaper and the demand increased at a rate of 10-15% in 2019. Because maize and grass are from the same plant family, this substance produces an excellent fertiliser. Corn gluten flour offers the lawn a lovely, natural dark green color and appears to offer a lot of disease resistance.

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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 are focusing on increasing the usage of gluten-free products, so manufacturers are not able to 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 adopted by players in the Global Corn Gluten Meal Market. The top 10- Global Corn Gluten Meal Market companies are-

Agrana Group,
Archer Daniels Midland Company,
Bunge Ltd.,
Cargill Incorporated,
Commodity Specialists Company,
Grain Processing Corporation,
Ingredion Incorporated,
Tate & Lyle Plc.,
Tereos Syral,
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-thereby willing to allow real-time decisions to maximize the feed production and reduce the overall input costs. The company believes that input raw materials such as soybean meals and corn gluten meals are going up, thereby helping in the long run to save costs.

In February 2022, Gujarat Ambuja Exports announced the decision to set up a greenfield corn wet milling plant in Uttarakhand, India. The corn wet milling plant is being set up for the manufacturing of starch, starch derivatives, and polyols viz., sorbitol, maltitol, and mannitol. The existing capacity of the company was close to 750 tons per day which would now touch 1750 tons a day after UNIT-III is up and running. The cost for the same is kept between 400-500 crores which will be completed by internal accruals.

In September 2019, Cargill opened a corn milling plant in India by investing US$ 10 million and 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.

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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 it uses 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 usage of corn gluten feed in aquaculture feed surges the market growth.

The robust growth of corn gluten meal in animal feed industry such as poultry and aquaculture are some of the factors driving the Corn Gluten Meal Market. However, stringent government regulations towards corn gluten meal are some of the factors impeding the market growth.

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

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https://www.industryarc.com/Report/15063/cattle-feed-market.html

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Reportedtimes, PR-Wirein, Extended Distribution, Research Newswire, English

Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

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