Corn Co-Products Market

Corn Co-Products Market

The global corn co-products market size is expected to reach US$ 10.3 Billion in 2032 and exhibit growth at a CAGR of 3.1% in the forecast period from 2022 to 2032. The market is anticipated to be valued at US$ 5.8 Billion in 2022. Favorable import and export tariffs on high-fructose corn syrup is projected to drive the demand for corn co-products in near future.

Report Attribute	Details
Corn Co-Products Market Estimated Base Year Value (2021)	US$ 4.5 Billion
Corn Co-Products Market Expected Market Value (2022)	US$ 5.8 Billion
Corn Co-Products Market Anticipated Forecast Value (2032)	US$ 10.3 Billion
Corn Co-Products Market Projected Growth Rate (2022-2032)	3.1% CAGR

Corn co-products are referred to as various components that are obtained from the distillation of corn starch. Distillers grain, corn oil, corn germ, corn gluten feed, and corn gluten meal are considered to be some of the most common types of corn co-products.

These are originally obtained in the paste or wet form and are then dried to be sold to numerous manufacturers. The increasing usage of corn gluten feed and corn gluten meal in animal feed is set to propel the growth in this market.

The presence of crude protein, which is very beneficial for animals, is another major factor that is likely to spur the sales of corn co-products. Corn germ and distillers grain are also utilized to prepare feed for pets, marine animals, poultry, and cattle.

Which are Some Prominent Drivers Spearheading Corn Co-Products Market Growth

The increasing usage of corn gluten meal as a supplement in the hog feed industry backed by its high-protein content is anticipated to fuel the corn co-products market growth in the evaluation period. It is gaining immense popularity as an affordable aquaculture feed. It is also set to be used to make common food and feed products, as well as corn-based snack products.

The surging inclination of consumers towards the usage of corn gluten meal as a pre-emergent herbicide because of its weed-inhibiting properties is another vital factor that is expected to drive the global market. The urgent need to explore the application of corn gluten meal as a sustainable alternative to chemically-derived herbicides in emerging countries is also anticipated to augur well for the global market.

What are the Challenges Faced by the Corn Co-Products Industry

The frequently changing prices of raw materials may hamper the demand for corn co-products in the assessment period. The regular consumption of corn and other related products can lead to pellagra, which is a deficiency of vitamins. To prevent this deficiency, animals should be given a vitamin-rich diet. In addition to that, consuming too much corn can result in weight gain. Corn syrup is considered to be a major cause of obesity among people.

Why is Asia Pacific Emerging as an Opportunistic Corn Co-Products Market

Increasing disposable income of consumers is expected to compel them to prioritize their health over product price in India and China. Rising health awareness is set to result in the surging preference for corn oil across Asia Pacific in the evaluation period.

Diminishing oil and natural gas resources and rising environmental concerns are expected to enable governments to implement strict norms for supporting the usage of cleaner fuels. Though soybean oil is extensively used in biofuel production, corn oil has gained popularity in recent years. Spurred by the aforementioned factors, the Asia Pacific corn co-products market growth is expected to surge in future.

How is North America Contributing to Growth of the Corn Co-Products Market

The rising consumption of dairy products in the U.S. and Canada is projected to boost the demand for corn germ meal across North America. Corn germ meal is considered to be a significant animal feed ingredient and is extensively used as a dietary fiber for cattle.

It is usually supplemented with multiple grains, such as wheat, sorghum, distiller's grain, and barley based on the requirements for lactating, breeding, and growing animals. The rising livestock production and the development of a wide range of corn germ meal to provide nutritional values to animals are anticipated to drive the North America corn co-products market share.

Market Competition

Some of the renowned companies operating in the global corn co-products market are Tate & Lyle PLC, Grain Processing Corporation, Gavilon Agriculture Holdings, Co., Archer Daniels Midland Company (ADM), LaBudde Group, Inc., Ingredion Inc., Grainspan Nutrients Pvt. Ltd., Sayaji Industries Ltd., Sukhjit Starch & Chemicals Ltd., Roquette America, Inc., Gulshan Polyols Ltd., Bunge North America Inc., Gavdeo International Ltd., and Consolidated Grain and Barge Co. among others.

The global market is highly competitive with the presence of a large number of multinational and domestic companies. They are mainly emphasizing on partnerships, acquisitions, expansions, and mergers with other key players to gain a competitive advantage. Meanwhile, a few other key players are focusing on new product developments to enhance their brand presence among consumers.

Scope of Report

Report Attribute	Details
Growth Rate	CAGR of 3.1% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015-2020
Forecast Period	2022-2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Form Product Type Extraction Process End Use Region
Regions Covered	North America Latin America Western Europe Eastern Europe APEJ Japan Middle East and Africa
Key Countries Profiled	U.S Canada Brazil Argentina Germany U.K France Spain Italy Nordics BENELUX Australia & New Zealand China India ASEAN GCC South Africa
Key Companies Profiled	Tate & Lyle PLC Grain Processing Corporation Gavilon Agriculture Holdings, Co. Archer Daniels Midland Company (ADM) LaBudde Group, Inc. Ingredion Inc. Grainspan Nutrients Pvt. Ltd. Sayaji Industries Ltd. Sukhjit Starch & Chemicals Ltd. Roquette America, Inc. Gulshan Polyols Ltd. Bunge North America Inc. Gavdeo International Ltd. Consolidated Grain and Barge Co.
Customization	Available Upon Request

Key Segments Profiled in the Corn Co-Products Industry Survey

By Form:

• Pellet
• Powder
• Liquid/Paste

By Product Type:

• Corn Gluten Meal
• Corn Gluten Feed
• Corn Oil
• Corn Germ
• Distillers Grain

By Extraction Process:

• Wet Milling
• Dry Milling

By End Use:

• Food Processing Industry
• Personal Care and Cosmetics
• Animal Feed
• Pet Food
• Aquaculture

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa