Corn Gluten Meal Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Corn Gluten Meal Market.
The global Corn Gluten Meal Market size is expected to reach USD 11.8 billion and is projected to reach a CAGR of 4.3% from 2023-2030.
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The corn gluten meal market refers to the global trade of a by-product of corn processing, which is primarily used as an animal feed ingredient. Corn gluten meal is a high-protein, low-fat substance that is obtained by separating the gluten, starch, and fiber from corn. It is commonly used as a substitute for soybean meal in animal feed, particularly in the diets of poultry and livestock.
The global corn gluten meal market has been growing steadily over the past few years due to the increasing demand for high-quality animal feed ingredients. The market is driven by several factors, including the growing demand for meat and dairy products, the rising awareness of the health benefits of corn gluten meal, and the growing demand for sustainable and environmentally friendly animal feed.
Delvens Industry Expert's Standpoint
The corn gluten meal market is expected to continue to grow, driven by the increasing demand for high-quality animal feed ingredients and the growing awareness of the health benefits of corn gluten meal. The market is segmented by source, grade, application, and geography. The demand for yellow corn gluten meal, feed-grade corn gluten meal, and poultry feed and livestock feed segments is expected to continue to grow. The Asia-Pacific region is expected to remain the largest market for corn gluten meal, followed by North America and Europe. The market is highly competitive, with major players such as Tate & Lyle, ADM, Cargill, and Ingredion operating in the market.
Competitive Landscape
· Cargill Inc.
· Archer Daniels Midland Company
· Tate & Lyle PLC
· Ingredion Incorporated
· Roquette Freres
· Tereos Syral
· Agrana Beteiligungs-AG
· Gulshan Polyols Ltd.
· Sanstar Bio-Polymers Ltd.
· Paramesu Biotech Pvt Ltd.
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Key Findings:
· The source segment is further segmented into Yellow corn gluten mean and White corn gluten meal. based on the type of corn used in the production process. Yellow corn gluten meal is the most commonly used type of corn gluten meal.
· The grade segment is further fragmented into Food grade and Feed grade. The food-grade corn gluten meal is used in the production of human food products, while feed-grade corn gluten meal is used in animal feed products.
· The Application segment is further segmented into Poultry Feed, Livestock Feed, Pet Food, Aquafeed, and Others. The poultry and livestock feed segments are the largest application segments, driven by the growing demand for high-quality animal feed ingredients.
Regional Analysis
Asia-Pacific to Dominate the Market
· The Asia-Pacific region is currently the largest market for corn gluten meal, with China being the largest producer and consumer of corn gluten meal.
· The demand for corn gluten meal in this region is driven by the increasing demand for meat and dairy products and the growing awareness of the health benefits of corn gluten meal.
Recent Developments
· Cargill Inc. announced in 2021 that it is investing $475 million to expand its corn milling facility in Iowa, which will include a new corn wet mill and a dedicated plant for producing corn-based feed ingredients, including corn gluten meal.
· Archer Daniels Midland Company (ADM) announced in 2020 that it is expanding its pet food ingredient production capacity in North America, including its production of corn gluten meal.
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