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Corn Gluten Meal Market Trends

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

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Corn Gluten Meal Market Trends

The corn gluten meal (CGM) industry is witnessing notable trends in recent times. With an increasing emphasis on sustainable and plant-based alternatives, CGM has gained popularity as a valuable protein source in animal feed formulations. The growing awareness about the nutritional benefits of CGM, including its high protein content and amino acid profile, has fueled its demand in the livestock industry.

Moreover, the rise of vegetarian and vegan lifestyles has contributed to the adoption of CGM in pet food applications. Technological advancements in processing methods to enhance the quality and reduce anti-nutritional factors are also shaping the market. As the agriculture and livestock sectors continue to evolve, the CGM market is expected to experience further growth driven by these ongoing trends. Market researchers should closely monitor these dynamics to provide insights crucial for strategic decision-making in this evolving landscape.

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.