Growth factor of Corn Co-Products industry by market trends, market size, forecast

MARKET INTRODUCTION

Corn co-products are the different components that are extracted from the distillation of the corn starch. The various product types of corn co-products are corn germ, corn oil, corn gluten meal, corn gluten feed, and distillers grain. The corn co-products acquired are initially in the wet form/ paste, which is then dried to be sold to the various manufacturers. Growing demand from various end use industries is driving the demand for corn co-products.

MARKET DYNAMICS

Corn co-products are used in various industries such as food processing, personal care and cosmetics and animal nutrition. The corn oil is used in the food processing industries in butter, margarine, etc. and in personal care or skincare products and cosmetics. The corn gluten meal and the corn gluten feed are extracted from the wet milling process and are mostly used for animal feed. These corn co-products are high in demand due to the presence of crude protein, which is beneficial to the animals. The distillers grain and the corn germ are also used as one of the ingredients in the feed products for poultry, cattle, marine animals, pets, etc. The demand for the corn co-products such as high protein distillers dried grains (HP DDG) and corn gluten meal is increasing as they are high in protein content. The prices of these products are very economical as compared to corn and soybean meal and hence preferred as a substitute. Commercially, the corn oil meal and the corn gluten feed has a very high value compared to the other corn co-products globally. So they can be used as an alternative or also with other ingredients in the feed industry. The transport and the storage of dry corn co-products are easier and, therefore, are preferred more by the consumers and the manufacturers.

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