Corn Gluten Meal Market Insights, Demand And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Corn Gluten Meal Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

Major companies operating in the corn gluten meal 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 help save money in the long run..

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Major Key Players of the Market:

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.

Corn Gluten Meal Market 2024 Key Insights:

• 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%.
• Rising Agricultural Demand Driving Force Behind The Growing Corn Gluten Meal Market
• Innovative Technological Advancements In Corn Gluten Meal Market With Portable FT-NIR Analyzer For Real-Time Nutrient Analysis
• Asia-Pacific was the largest region in the corn gluten meal market in 2023

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