Summary
Major players in the corn gluten meal market are Ingredion Incorporated, AGRANA Beteiligungs-AG, Cargill Incorporated, Tate & Lyle, Tereos FKS, ADM, Grain Processing Corporation, Roquette Frères, AGRI International LLC, Qingyuan Group, Gulshan Polyols Ltd., Sodrugestvo Group SA, Meihua Holdings Group Co. Ltd., Zhucheng XingMao Corn Development Co. Ltd., and Prorich Agro.
The global corn gluten meal market is expected to grow from $7.26 billion in 2022 to $ 7.69 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The corn gluten meal market is expected to reach $9.33 billion in 2027 at a CAGR of 5.0%.
The corn gluten meal market consists of sales of corn gluten meal products such as deffated corn germ protein, corn meal, and corn protein isolate.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Corn gluten meal is a byproduct of the wet milling process that yields from maize starch and sometimes ethanol.It is a protein-rich feed with a crude protein content of roughly 65% that is used as a protein, energy, and pigment source for livestock species including fish.
Due to its complete protein digestion, it is highly used for pet food.
Asia-Pacific was the largest region in the corn gluten meal market in 2022. The regions covered in the corn gluten meal report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main forms of corn gluten meal include unprocessed corn gluten meal, granulated corn gluten meal, and pelletized corn gluten meal.Granulated corn gluten meal is a byproduct of the wet milling of corn that acts as a natural pre-emergence herbicide rather than a chemical-based herbicide.
The sources of corn gluten meal include corn starch and corn syrup and are available in different natures such as organic and conventional for applications in animal feed, agriculture fertilizer, and garden and lawn.
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 fertiliser, 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.
Technological advancements are the key trends gaining popularity in the corn gluten meal market.Major companies operating in the market are developing innovative technological features such as accurately measuring feeds, feed ingredients, soluble corn fiber ingredients, and other technologies to sustain their position in the market.
For instance, in September 2022, Si-Ware Systems, a US-based manufacturer and developer of semiconductor products for material sensing applications, introduced a portable FT-NIR analyzer that evaluates feeds, feed ingredients, forages, pet food, agricultural products, food, and ingredients in seconds on-site.The FT-NIR spectral scanning technique would enable the measurement of raw material nutrient content and protein levels, allowing for real-time decisions to maximize feed output while lowering overall input costs.
The company believes that input raw materials such as soybean meals and corn gluten meals are increasing, which will assist to save money in the long run.
In February 2022, Cargill Inc., a US-based provider of products and services in the agricultural sector partnered with Golden Growers Cooperative (GGC), a US-based agricultural cooperative association, and acquired ProGold, LLC for an undisclosed amount. The acquisition is expected to combine both parties’ capabilities, opening the path for long-term dependability and viability of corn-based ingredients to provide their consumers. ProGold, LLC is a US-based producer of high fructose corn sweeteners, corn gluten meal, and corn gluten feed.
The countries covered in the corn gluten meal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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