Global Corn Steep Liquor Market, By Product Type (Organic Corn Steep Liquor and Conventional Corn Steep Liquor), Application (Fertilizers, Fermentation, Animal Feed, Swine, Ruminants, Poultry and Others), Certification Type (Non-GMO and GMO), Distribution Channel (B2B and B2C), Forms (Powdered Corn Steep Liquor and Liquefied Corn Steep Liquor), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the global corn steep liquor market will project a CAGR of 4.50% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, surging demand for animal feed around the globe, rising consumer consciousness towards high quality and nutritional organic food products and feed additives, and increasing personal disposable income by the major companies are the major factors attributable to the growth of corn steep liquor market.
Also known as maize, corn is a cereal grain that is widely cultivated around the world. Corn steep liquor is a by-product of the corn wet-milling process and is rich in amino acids, minerals and vitamins. Corn wet milling is a process wherein the corn kernels are broken down into their individual elements such as protein, oil, starch and so on. Corn steep liquor is a thick yellowish liquid that is used in the growth of microorganisms at the time of production of antibiotics and other fermented products.
Rising livestock population and surge in the demand for organic packaged foods are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing activities to promote the absorption of nitrogen content in plants and rising focus of the manufacturers on the launch of new products are other important factors acting as market growth determinants. Rising expenditure to undertake research and development proficiencies, growth and expansion of animal feed industry in the developing economies, rising consumption of meat and meat related products will further induce growth in the market value.
However, large scale availability of substitutes will pose a major challenge to the growth of the market. High costs associated with the research and development proficiencies and rising competition among the manufacturers will also hamper the market growth rate. Improper way of distribution and disruptions in the supply chain management will yet again derail the market growth rate.
This corn steep liquor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on corn steep liquor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Corn Steep Liquor Market Scope and Market Size
The corn steep liquor market is segmented on the basis of product type, application, certification type, distribution channel and forms. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global corn steep liquor market is segmented into organic corn steep liquor and conventional corn steep liquor.
- On the basis of application, the corn steep liquor market is segmented into fertilizers, fermentation, animal feed, swine, ruminants, poultry and others.
- On the basis of the certification type, the corn steep liquor market is segmented into non-GMO and GMO.
- On the basis of the distribution channel, the corn steep liquor market is segmented into B2B and B2C. B2C segment is sub-segmented into store based retail and online stores. Store based retail segment is further bifurcated into specialty stores and other retail formats.
- On the basis of forms, the corn steep liquor market is segmented into powdered corn steep liquor and liquefied corn steep liquor.
Corn Steep Liquor Market Country Level Analysis
The corn steep liquor market is analyses and market size, volume information is provided by country, product type, application, certification type, distribution channel and forms as referenced above.
The countries covered in the corn steep liquor market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the corn steep liquor market and will continue to during the forecast period owing to the strong presence of farming and livestock businesses in this region. Asia-Pacific is set to undergo substantial gains and score the highest CAGR for this period owing to the growth and expansion of animal feed industry and increasing personal disposable income.
The country section of the corn steep liquor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Corn Steep Liquor Market Share Analysis
The corn steep liquor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to corn steep liquor market.
The major players covered in the corn steep liquor market report are DSM, BASF SE, ADM, Tate & Lyle, Cargill, Incorporated, Roquette Frères, Gulshan Polyols Ltd., BAOLINGBAO BIOLOGY, Sanstar Bio - Polymers Ltd., Juci Biological, Global Bio-chem Technology Group Company Limited., Ingredion., TEREOS, Yantai Lushun Huitong Biotechnology Co.,Ltd., Maar Ltd., Mitushi Biopharma., Rajvi Enterprise., Sahyadri Starch & Industries Pvt. Limited, Parchem fine & specialty chemicals. and Informa PLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.