Corn Gluten Meal Market by Process (Wet-milling, Dry-milling), Form (Unprocessed, Granulated, and Pelletized), Livestock (Poultry, Ruminants, Swine, Aquaculture, Others), and Key Region - Forecasted to 2027
According to MarketsandMarkets, the global Corn gluten meal market is estimated to be valued at USD 8.4 billion in 2022. It is projected to reach USD 10.4 billion by 2027, with a CAGR of 4.3%, in terms of value between 2022 and 2027. Corn gluten meal is increasingly used as animal feed to improve their nutrition, especially focusing on proteins.
Corn Gluten Meal Market Dynamics
Drivers: Rising concern for health and muscle content of livestock pushing for demand of corn gluten meal
Since corn gluten meal is a naturally occurring product with a high protein content, it is being used as a healthy feed additive for animals. Further, corn gluten meal also provides animal feed with required dietary fiber, thereby further increasing its demand in the animal feed market.
Restraints: Soy used in animal feed turns out to be a major restraint for growth of corn gluten market
Soy is the mass manufactured crop to feed animals for higher protein availability and hence better muscular build. However, this presents a hurdle in the uptick of demand for corn gluten meal, which is also used as a source of protein in animal feed. The dominance of soy in market therefore raises restraints for corn gluten meal market.
Opportunities: Rising demand to replace chemically processed and pricier regular feeds
Corn gluten meal is being increasingly preferred over regular bovine and aquaculture feed. This is since the meal offers as a superior non-toxic feed product, when compared to other chemically processed feeds. It is gaining the fastest traction as a replacement for aquaculture meal owing to it being cheaper than the latter.
Challenges: Greatest challenge in the market revolves around testing of corn-gluten quality
Corn gluten meal market in general does not yet have provisions to check the quality of corn gluten used in it. The only characteristics tested are protein content and feed-safety evaluation, and therefore corn gluten meal market faces hurdles in adoption as animal feed as quality of its ingredient, which is corn gluten, is not determined in the product.
Corn gluten meal is being increasingly recognized as a natural herbicide.
The market for corn gluten meal is supported by its rising image as a naturally occurring herbicide, which prevents grass and weed seeds from sprouting while causing no harm to existing plants. Therefore, it has witnessed a rise in usage in organic weed control products as well.
By livestock, use of corn gluten meal is expected to showcase the fastest growth in aquaculture.
Aquaculture industry is expected to propel the demand for corn gluten meal over the forecasted period. This is since corn gluten meal is being increasingly considered as a fish meal as against the regular feed available in market, which tends to be pricier than corn gluten meal.
Asia Pacific has the largest market share in 2022 with China being the most dominant producer of corn gluten meal in the region. Both, higher yields and consumption of China are driven by the fact that the country also manages a large corn starch processing sector, of which corn gluten meal is a by-product.
Key Market Players:
Key players in this market include Ingredion Incorporated (US), Grain Processing Corporation (US), Cargill Incorporated (US), Tate & Lyle Plc. (England), Archer Daniels Midland Company (US), among others.
FAQs:
- Which are the major Corn gluten meal segments considered in this study and which of them are projected to have promising growth rates in the future?
- I am interested in the Asia Pacific market for unprocessed and granulated corn gluten meal segment. Is the customization available for the same? What all information would be included in the same?
- What are some of the drivers fuelling the growth of the Corn gluten meal market?
- I am interested in understanding the research methodology on how you arrived at the market size and segmental splits before making a purchase decision. Can you provide me with an explanation on the same?
- What kind of information is provided in the competitive landscape section?
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 VOLUME UNITS CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION - METHOD 1
2.2.2 MARKET SIZE ESTIMATION - METHOD 2
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6.3 TECHNOLOGY ANALYSIS
6.4 PRICING ANALYSIS
6.5 ECOSYSTEM/ MARKET MAP
6.6 TRENDS/ DISRUPTION IMPACTING THE CUSTOMER’S BUSINESS
6.7 PATENT ANALYSIS
6.8 TRADE ANALYSIS
6.9 KEY CONFERENCES AND EVENTS IN 2022-2023
6.10 TARIFF AND REGULATORY LANDSCAPE
6.11 PORTER’S FIVE FORCES ANALYSIS
6.12 KEY STAKEHOLDERS & BUYING CRITERIA
6.13 CASE STUDY ANALYSIS
7 CORN GLUTEN MEAL MARKET, BY PROCESS
7.1 INTRODUCTION
7.2 WET-MILLING
7.3 DRY-MILLING
8 CORN GLUTEN MEAL MARKET, BY FORM
8.1 INTRODUCTION
8.2 UNPROCESSED
8.3 GRANULATED
8.4 PELLETIZED
9 CORN GLUTEN MEAL MARKET, BY LIVESTOCK
9.1 INTRODUCTION
9.2 POULTRY
9.3 RUMINANTS
9.4 SWINE
9.5 AQUACULTURE
9.6 OTHERS
10 CORN GLUTEN MEAL MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 UK
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 INDIA
10.4.3 JAPAN
10.4.4 AUSTRALIA & NEW ZEALAND
10.4.5 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 REST OF THE WORLD
10.6.1 AFRICA
10.6.2 MIDDLE EAST
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET SHARE ANALYSIS*
11.3 KEY PLAYERS STRATEGIES
11.4 COMPANY REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPETITIVE BENCHMARKING
11.6 PRODUCT FOOTPRINTS
11.7 STARTUP/SME EVALUATION QUADRANT
11.7.1 PROGRESSIVE COMPANIES
11.7.2 STARTING BLOCKS
11.7.3 RESPONSIVE COMPANIES
11.7.4 DYNAMIC COMPANIES
11.8 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
11.8.1 NEW PRODUCT LAUNCHES
11.8.2 DEALS
11.8.3 OTHER DEVELOPMENTS
11.8.4 PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES
12 COMPANY PROFILES
12.1 INGREDION INCORPORATED
12.2 GRAIN PROCESSING CORPORATION
12.3 TATE & LYLE PLC.
12.4 CARGILL INCORPORATED
12.5 ARCHER DANIELS MIDLAND COMPANY
12.6 BUNGE LTD.
12.7 THE ROQUETTE GROUP
12.8 AGRANA GROUP
12.9 TEREOS SYRAL
Note: Currently, list of only 9 companies have been provided. However, this section covers 12-15 key company profiles which include business overview, recent financials, product offerings, key strategies, and swot analysis. recent financials can be provided based on data/information availability in public domain. The list of companies mentioned above can be altered depending upon client’s interest
13 APPENDIX
Note: The TOC prepared above is tentative and may subject to change, based on the research progress
Growth opportunities and latent adjacency in Corn Gluten Meal Market