Corn Gluten Meal Market by Source, Grade(Food Grade, Feed Grade), Application, and Region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America).
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.
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.
The corn gluten meal market is expected to continue to grow in the coming years, driven by the increasing demand for high-quality animal feed ingredients, the rising awareness of the health benefits of corn gluten meal, and the growing demand for sustainable and environmentally friendly animal feed. However, the market may face challenges such as volatility in the price of corn, increasing competition from other protein sources, and regulatory challenges related to the use of animal feed ingredients.
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the projection period. The insights on COVID-19 take into account changes in consumer demand and behavior, buying habits, supply chain rerouting, dynamics of contemporary market forces, and substantial government initiatives. Insights, analyses, projections, and predictions are provided in the revised report, which takes the market effect of COVID-19 into account.
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.
Asia-Pacific to Dominate the Market