Industry Insights: Corn Gluten Meal Market 2024 - Outlook, Future Trends, and Growth Analysis Mapped to 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Corn Gluten Meal Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

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.

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Key Market Players:

Major companies operating in the corn gluten meal market report are Valero Energy Corporation, Cargill Incorporated, Archer Daniels Midland Company, Bunge Limited, Zhucheng XingMao Corn Development Co. Ltd, Andersons Inc., Ingredion Inc., Glanbia plc, Roquette Frères, Tereos Group, Meihua Holdings Group Co. Ltd., Green Plains Incorporated, AGRANA Beteiligungs-AG, Qingyuan Group, Tate & Lyle Sugars & Food Ingredients Inc., Abengoa Bioenergy S.A., SunOpta Inc., Pacific Ethanol Inc., Borregaard ASA, The Scoular Company, Grain Processing Corporation, Gulshan Polyols Limited, Elevance Renewable Sciences Inc., Trouw Nutrition (Nutreco), Zeeland Farm Services Inc., Global Bio-Chem Technology Group Company Limited, Vitusa Products Inc., Michigan Agricultural Commodities, AGRI International LLC, Calgren Renewable Fuels, Sodrugestvo Group SA, Prorich Agro Industries Private Limited, Ferro Corporation, Alltech, AminoMax (Grain Craft), Land O'Lakes Inc.

Market Drivers:

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

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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