The Corn Gluten Meal Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Corn Gluten Meal Global Market Report 2024, The corn gluten meal market size has grown strongly in recent years. It will grow from $7.68 billion in 2023 to $8.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increasing demand for animal feed, rising meat consumption, focus on sustainable agriculture, expansion in livestock farming, global corn production trends.
The corn gluten meal market size is expected to see strong growth in the next few years. It will grow to $10.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to continued growth in meat consumption, rising awareness of feed efficiency, focus on plant-based proteins, expanding pet food industry, global agricultural trends. Major trends in the forecast period include market penetration in emerging economies, adoption of aquaculture feeds, regulatory support for organic inputs, consumer preference for natural and organic products, collaborations for product development.
Growing demand for corn gluten meals in the agricultural sector is expected to propel the growth of the corn gluten meal market going forward. Corn gluten meal is a nitrogen-rich natural fertilizer, that breaks down slowly in the soil to disintegrate. It is an efficient pre-emergent weed control strategy if applied abundantly to the soil. It slows the growth of many broadleaf weeds, such as dandelions also works well against crabgrass, thus resulting in the demand for corn gluten meal. For instance, in November 2022, according to an article published by Epic Gardening, a US-based gardening education company, Corn gluten is a rich nitrogen source since it is a natural supply of protein present in the endosperm of the corn kernel. Wet-milled gluten has an average of 60% protein. Other processing methods can produce a 20% protein variant that is less effective. A 60% protein variance results in a 10% sluggish nitrogen release on average. The CGM nourishes the soil and adds organic matter as it degrades. CGM is an excellent supplier of nitrogen as a natural fertilizer. The most common NPK for CGM is 10-0-0. It degrades slowly in the soil, taking up to two months to break down. Therefore, the growing demand for corn gluten meals in the agricultural sector is driving the growth of the corn gluten meal market.
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The corn gluten meal market covered in this report is segmented –
1) By Form: Unprocessed Corn Gluten Meal, Granulated Corn Gluten Meal, Pelletized Corn Gluten Meal
2) By Nature: Organic, Conventional
3) By Source: Corn Starch, Corn Syrup
4) By Application: Animal Feed, Agriculture Fertilizer, Garden And Lawn
Major companies operating in the corn gluten meal market are developing innovative products, such as gluten-free corn infant cereal, to serve nutritious and yummy foods for infants. For instance, in February 2023, Beech-Nut Baby Food, a New York-based company that offers real, high-quality, delicious baby and toddler foods, launched the Golden Corn Maize Cereal made of ground corn flour, making it a delicious way to start an infant on their journey to solid foods. It can be given to infants as early as four to six months of age, or as advised by a pediatrician. This cereal is a great way to commemorate a growing milestone and is easy to stomach when made appropriately. It provides a baby with a 60% daily value of iron, a 25% daily value of zinc, and a 20% daily value of vitamin D. Golden Corn Infant Cereal is a popular choice for parents looking for a gluten-free, rice-free, and non-GMO baby cereal to help their babies grow and develop.
The corn gluten meal market report table of contents includes:
1. Executive Summary
2.Corn Gluten Meal Market Characteristics
3.Corn Gluten Meal Market Trends And Strategies
4.Corn Gluten Meal Market analysis
5.Corn Gluten Meal Market Size And Growth
6.Corn Gluten Meal Segmentation
7.Corn Gluten Meal Regional And Country Analysis
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27.Corn Gluten Meal Competitive Landscape And Company Profiles
28.Corn Gluten Meal Key Mergers And Acquisitions
29.Corn Gluten Meal Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Valero Energy Corporation
- Cargill Incorporated
- Archer Daniels Midland Company
- Bunge Limited
- Zhucheng XingMao Corn Development Co
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