Corn Germ Meal Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the corn germ meal market was valued at USD 7.2 billion in 2022, and a CAGR of 8.1% is expected during the forecast period. It is a by-product of the corn milling process. It is rich in protein, fiber, and some other essential nutrients, and it is a nutritious and ideal food for animals. Increasing demand for animal proteins, growing awareness of health benefits, and a growing population worldwide are driving the growth of the corn germ meal market. With increasing population, the demand for food is increasing, which is increasing demand for animal feed, Fluctuation in corn prices is challenging the corn germ meal market.

Impact of Covid-19

COVID-19 had a negative impact on the corn germ meal market due to disruptions in the supply chain, changes in consumer behavior, and economic uncertainties. Fluctuations in demand for corn-based products, including corn germ meal, have been observed, leading to market challenges and opportunities for adaptation within the agriculture and food industries. Due to economic uncertainties, there was a change in the priorities of people, due to which the corn germ meal market has faced a slowdown. Post-pandemic, the demand for corn germ meal increased due to the increased fiber, protein, minerals, and vitamins in it, which are beneficial for animals' health as well as for agricultural purposes. The increasing global population is acting as a catalyst for it.

Growth Drivers

Increasing demand for the food, which is rich in animal protein, increasing global population, and raising awareness of nutritious and balanced feeds for livestock. The growth of the livestock industry, particularly poultry and swine, fuels the demand for corn germ meal as a valuable ingredient in animal nutrition. Increased demand for foods rich in proteins, minerals, and fibers is driving the growth of the market. The versatility of corn germ meal in various applications, including pet food and aquaculture feeds, contributes to market expansion.

Advances in corn processing technologies lead to increased extraction of oils and other valuable components from corn germ, enhancing the overall efficiency of corn germ meal production. Growth in livestock farming worldwide, driven by population growth and changing dietary preferences, directly influences the demand for feed ingredients like corn germ meal. Supportive policies and initiatives promoting the use of locally sourced and sustainable feed ingredients boost the market for corn germ meal.

Segmentation

By Type

·         Feed Grade

·         Industry Grade

By Application

·         Feed

·         Fertilizer

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Corn Germ Meal Market by Type Segmentation

On the basis of type, the corn germ meal market is segmented into feed grade and industry grade. Corn germ meal is used to extract maize oil and is used as a feed supplement. The increasing number of animal populations is increasing the demand for nutritious food, which is rich in fiber, minerals, proteins, and vitamins. Corn germ meal is also used industrially in the form of fertilizer for better crop yield. Increasing disposable income in emerging countries and a rapidly growing population with urbanization are driving the growth in the corn germ meal market.

Corn germ is the endosperm of maize germ. It is a high-energy feed, palatable, and digestible. It is rich in oil and has a nutty taste. The demand for livestock feed and the agricultural industry is driving the growth of the corn-germ meal market. Increasing demand for corn germ meal to feed animals and for industrial purposes is increasing the demand for it.

Corn Germ Meal Market by Application

On the basis of application, the corn germ meal market is segmented into feed, fertilizers, and others. Increasing demand for corn germ meal for the production of biodiesel is increasing market growth significantly. It serves as a source of energy and protein for the animals. In some cases, corn germ meal is used for human consumption as well. The corn germ meal market serves various applications, primarily in the fields of feed and fertilizer. The product’s versatility makes it valuable as both animal feed and fertilizer.

The increasing global population worldwide and rising disposable income in countries like China and India are witnessing significant growth in the market. Increasing awareness about nutritious foods is propelling market growth. Nutrient-rich corn germ is also very useful as a fertilizer for better crop yield. Increasing demand for corn germ meal in poultry, swine, and cattle is growing significantly. Increasing demand for animal feed, which is rich in protein, minerals, vitamins, and fibers.

Regional Outlook

On the basis of the regions, the corn germ meal market is segmented into 5 parts: Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. North America is the leading segment, and is expected to lead the market during the forecast period. Strong livestock industry, and substantial demand for corn germ meal as a nutritious animal feed ingredient is driving the growth in the corn germ meal market.

Increasing awareness of nutritious food is driving the growth of the corn germ meal in North America. Technological advancements, rising disposable income in countries like United States of America, and Canada is experiencing the growing demand for corn germ meal. Growth of livestock industries in countries like China, and India is boosting the production, and utilization of corn germ meal. Rising population, and changing dietary preferences, is contributing significantly to market’s growth. Advancement in processing technologies, and a focus on sustainable agricultural practices is propelling the growth in the corn germ meal market.

Increasing demand for high quality animal feed is driving the growth significantly in European countries like England, Russia, France, Spain, Germany, and Nordic countries. Middle East and Latin America is witnessing slow growth due to less population comparatively, and less economic growth. Corn germ meal is a byproduct, and plays a crucial role in Animal feed industry. It is primarily used as an ingredient in poultry, and livestock. Corn germ meal is useful for poultry, swine, and cattle.

Key Players

·         Archer Daniels Midland Co

·         Tate and Lyle

·         Agridient

·         Om Agro

·         Santosh Limited

·         Roquette

·         Tianjin Hwashin Biotechnology Company

·         Sodrugestvo

·         ADM

·         Other Players