Market Research Report
Global Corn Steep Liquor Market - 2021-2028
|Global Corn Steep Liquor Market - 2021-2028|
Published: July 28, 2021
Content info: 180 Pages
Delivery time: 2 business days
Corn steep liquid is a thick, yellowish brown liquid that is a by-product of the starch/ethanol business. Corn steep liquor is so termed because it is only possible to make steeping by a wet milling process. Steeping is a technique in which corn is absorbed in the steeping water for 40-48 hours by the soluble components of corn kernels. The steep waters are then extracted, which is termed steep corn liquor. The global corn steep liquor market valued USD XX million in 2020 and is estimated to reach USD XX million by 2028, growing at a CAGR of XX%
The corn liquor is used in a range of businesses. The main driving force for the expansion of the corn liqueur market is the constantly expanding consumption of meat and meat products leading to an increase of the livestock industry across the world. The cattle company has provided the feed industry with several chances, such as corn steep liquor. Corn steep liquor has always been accessible to an adequate extent as a byproduct of the starch business. But this particular feature of corn-steep liquor is much more crucial than ever now since animals have the highest feed conversion rate. Corn steep liquor is an effective and economical means of incorporating all the nutrients needed for animals. According to Statista, the world consumption of fertilizers in the year 2018 was 199.4 million tons
Although the market of fertilisers and feed additives remains saturated with chemical fertiliser and additives, maize-steeped liquor offers several advantages. The level of identification and insertion competing with conventional feed additives/fertilizers has not been achieved in corn steep spirit.
While the global trade came to halt during the lockdowns imposed to control the spread of novel coronavirus, the agricultural industry has been impacted by severe freight challenges. Since the supply and demand chain has been disrupted due to the pandemic, the industry has had a negative impact on its sales. Also, the labour which is required on the farm to help has reduced. This is due to the increased restrictions on the movement so as to control the spread of the novel coronavirus. Due to this, the corn steep liquor market has been negatively impacted.
Global Corn Steep Liquor (CSL) Market is segmented By Product into Liquefied CSL, Powdered CSL. Liquified CSL holds the dominant position in the market currently and also throughout the forecast period. Corn steep liquor has around 45-5% dry content in its liquid state, whereas powdered liquids have approximately 85-90% dry matter. The liquid form of steep maize liquor is preferred in the feed industry as it helps to act as a binding agent for pellets for animal feed. In organic farming, however, it is preferable that corn shape is powdered and steep because it has a low humidity content and high purity, and is simpler to handle.
By Application Global Corn Steep Liquor (CSL) Market is segmented into Animal Feed, Fermentation, Fertilizers, Others. The feed market remains the largest section on the maize high alcohol market by application, and this also by a significant margin. The prevalent use of feed additives, the desire for cheaper alternatives and organic animal farming promote the growing demand for this sector of maize steep liquor.
By geography, the global corn steep liquor market is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa.
Corn steep liquor makers will have tremendous potential in the next few years. Organic fertilisers and animal feed are growing significantly throughout the globe, in particular in North America and Europe, which offers producers a tremendous market potential. Moreover, in emerging nations such as China, India and other Asian countries, manufacturers have possibilities to increase their markets. Furthermore, manufacturers have the chance to promote the use of steep corn in countries where agriculture and cattle are the main enterprises
The global market for corn-steep liquors is extremely fragmented, and key actors have utilised different tactics to grow their footprints in this market such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others. Gulshan Polyols ltd., Baolingbao Biology Co., Ltd., Sanstar Bio - Polymers Ltd., Gulshan Polyols ltd., Ltd, Worldwide Bio-chemical Technology Group Company Limited, Tereos are few of the leading rivals presently working on the global maize-stark liquor industry.
Cargill was founded in 1865 in Iowa, United States. Cargill aims to nourish the world in a safe, responsible and sustainable way. The company tries to connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. The company uses new technologies and insights for food, agriculture, financial and industrial customers in more than 125 countries.