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Corn Gluten Meal Market Size

  • Report ID: GMI7869
  • Published Date: Jan 2024
  • Report Format: PDF

Corn Gluten Meal Market Size

Corn Gluten Meal Market size was valued at USD 7.09 billion in 2023 and is estimated to grow at 4.5% CAGR from 2024 to 2032. Corn Gluten Meal (CGM) is a high-protein byproduct obtained from corn processing, widely utilized in the animal feed industry. Its definition encompasses a cost-effective and digestible feed ingredient with natural herbicidal properties. The growth of the market is propelled by the rising global demand for protein-rich animal feed, driven by increased meat and fish consumption.

 

CGM's attractiveness is further boosted by health-conscious consumers seeking natural and organic options for their livestock and pets. Government support and subsidies for corn production, coupled with innovative product development and competitive pricing strategies, contribute significantly to the market's expansion. However, challenges such as nutritional imbalances and environmental concerns necessitate strategic management and regulatory measures to ensure the sustained and optimal growth of the market.

Anti-nutritional factors pose a significant challenge for the corn gluten meal market. While CGM is a valuable byproduct of corn processing, containing high protein content, these anti-nutritional factors can negatively impact its nutritional quality. Factors such as mycotoxins, lectins, and protease inhibitors may be present, limiting the bioavailability of essential nutrients and affecting the overall nutritional profile of CGM-based products.

 

Market researchers need to closely monitor these challenges as they can influence consumer perceptions and demand. Mitigation strategies and technological advancements to reduce anti-nutritional factors in CGM are crucial for sustaining and expanding the market in the face of such pitfalls.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of corn gluten meal reached USD 7.09 billion in 2023 and is set to grow at 4.5% CAGR from 2024 to 2032, due to the rising global demand for protein-rich animal feed.

Unprocessed corn gluten meal industry recorded around 43% revenue share in 2023, owing to its characteristics to retain its natural state for serving the consumers for refined and whole nutrition options.

U.S. accounted USD 1.83 billion in revenue for the North America market in 2023, driven by the presence of advanced processing technologies and the increasing demand for high-quality animal feed across the region.

Archer Daniels Midland Company (ADM), Cargill Incorporated, Ingredion Incorporated, Grain Processing Corporation (GPC), COFCO Corporation, Agrana Beteiligungs-AG, Tereos Syral, Roquette Frères, Wilmar International Limited, CHS Inc., Bunge Limited, Louis Dreyfus Company, Glencore Plc, AmeriCorn Holdings, LLC, Nebraska Protein Products, Inc. are some of the major corn gluten meal companies worldwide.

Corn Gluten Meal Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 203
  • Countries covered: 23
  • Pages: 180
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