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Corn Steep Liquor Market Size, Share & Industry Analysis, By Nature (Organic, Conventional), By Applications (Animal Feed,Brewing Enzyme Industry, Agriculture) and Regional Forecast, 2022-2029

Region : Global | Report ID: FBI101621 | Status : Ongoing

 

KEY MARKET INSIGHTS

Corn steep liquor is a high-energy, high protein ingredient that is mainly used in animal feed applications. It is made up of the soluble parts of the corn kernel through a steeping process. The corn steep liquor market is performing a decent growth in animal feed market, owing to its nutritive content such as vitamins, lattice acid, and proteins.


The manufacturers are also utilizing corn steep liquor as a premium range of additives in the manufacturing of animal feed. The manufacturers are widely using the liquid form of corn steep liquor in pig and ruminant feeds and as a binding agent in other feed, owing to its viscous properties. The rising utility of corn steep liquor is expected to increase in its sales growth across the world.      


The brewing enzymes industry is growing across the world, due to the rising demand for beer and wine among the consumers. Asia Pacific is one of the major producers of brewed wine across the world. The countries such as India, China, Australia, and others are emerging with a higher number of craft wine breweries, owing to the low alcoholic content and refreshing properties of wine.


Key Market Driver -

Key Market Driver – Increased Demand from Brewing Enzymes Industry and for Natural Additives

Key Market Restraint -

Key Market Restraint – Low Awareness of the Product and Wider Availability of its Alternatives in the Market


The manufacturers are utilizing corn steep liquor as a by-product of corn wet-milling in the production of antibiotics, enzymes, and other fermentation products in the production of craft wine and beer, which shows the growth of corn steep liquor market in the upcoming years.


The consumers are less aware of the corn steep liquor in the market, which results in the sale of its alternative products, such as seaweed and cottonseed meal as an organic fertilizer. The consumers are also preferring the chemical fertilizers and other additives in agriculture and animal feed production due to its low cost and high availability, which is restraining the corn steep liquor market.


Key Players Covered:


The key players that are identified in the global corn steep liquor market include Global Bio-chem Technology Group Co. Ltd., Roquette Freres S.A., Tate & Lyle PLC, Juci Corn Biotechnology Co., Tereos Group, Mitsui Sugars Co., Ltd., and Gulshan Polyols Ltd.


The consumers are becoming more aware of the benefits of organic foods and additives and hence the demand for organic corn steep liquor is growing among the manufacturers. The consumers are looking for organic meat and its by-products such as meat snacks and frozen meat. The manufacturers are utilizing organic corn steep liquor to preserve organic meat in various regions, such as North America and Europe. The rising growth of convenience meat products in the aforementioned regions is expected to increase the utilization of organic corn steep liquor. The conventional corn steep is also gaining huge popularity among the manufacturers, due to its low price and easy availability in the market.


The rising trend of natural food and additives has led to an increase in the popularity of corn steep liquor among the farmers and cultivators. The benefits of corn steep liquor over chemical fertilizers is the availability of nitrogen content in it to be absorbed by the plant. The nitrogen content with the rich source of amino acid makes it suitable for the plants to grow naturally. The manufacturers of natural and gluten-free food products are utilizing raw material that are grown naturally with the use of corn steep liquor as a fertilizer, which shows the further assurance of the rising utility of corn steep liquor in the upcoming years.   


Regional Analysis:


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The concern of animal welfare is rising among the manufacturers and their owners in various agriculture-based economies, such as India and China. The countries are one of the major producers of milk across the globe. The dairy industry is rapidly growing in these countries, due to the rising westernisation and cross-culture food habits, which shows the increasing utility of corn steep liquor in the manufacturing of animal feed in the Asia Pacific region.


Segmentation






















 ATTRIBUTE


 DETAILS

By Nature




  • Organic

  • Conventional



By Applications




  • Animal Feed

  • Brewing Enzyme Industry

  • Agriculture



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In September 2018, Mitsui Sugars Co. Ltd. has acquired all shares of SIS'88 PTE LTD in Singapore, in order to reinforce the company’s market share in Singapore and the Middle-East Africa.

  • In October 2017, Roquette Freres S.A. has acquired Itacel Farmoquimica Ltda in South America. The acquisition of Itacel Farmoquimica Ltda will strengthen the market position of Roquette Freres S.A. in the pharmaceuticals industry in the region.


Corn Steep Liquor Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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