Corn Oil CakeMarket Forecasts to 2030 – Global Analysis By Product Type (Feed Grade and Industrial Grade), Animal Type, Nature, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Corn Oil Cake Market is growing at a CAGR of 7.9% during the forecast period. Corn oil cake, also known as corn gluten feed, is a byproduct of the corn milling process used in the production of corn oil. It is obtained after the extraction of oil from corn kernels. Corn oil cake is a valuable feed ingredient in animal nutrition, particularly for ruminants like cattle and sheep. It contains protein, fiber, and some residual oil, making it a nutritious supplement for livestock diets. Corn oil cake is often used as a source of energy and protein in animal feed formulations.
Market Dynamics:Driver:Growing demand for animal feed
The demand for animal feed, particularly corn oil cake, is steadily increasing due to its nutritional benefits and cost-effectiveness. Corn Oil Cake serves as a valuable source of protein, energy, and essential nutrients for livestock, poultry, and aquaculture. Its high protein content makes it a preferred choice for enhancing animal growth and productivity. As the global population grows and dietary preferences shift towards protein-rich diets, the demand for the market as an essential component of animal feed continues to rise.
Restraint:Limited awareness
Many farmers are unaware of its value as a nutritious and cost-effective animal feed. This limited awareness restricts adoption, hindering the full potential of the market. Educational initiatives can bridge this knowledge gap, highlighting the advantages of corn oil cake and promoting its wider use in animal diets. With proper recognition and utilization, corn oil cake could become a cost-effective solution for enhancing livestock nutrition and improving overall agricultural efficiency.
Opportunity:Population growth and urbanization
The demand for the market is fuelled by the rise in dairy and cattle consumption, and it is widely utilized as feed for ruminants due to its high fibrous content. It helps in maintaining consistent quality of nutrients and proteins, thus promoting flexibility to the animals. The consumption of corn oil cakes can increase the fat percentage in the milk of cows and buffalo, and the high nutritional properties of maize oil cake feed improve animal health and generate resistance.
Threat:Price fluctuations of raw materials
The prices of raw materials such as corn, soybean meal, and other grains are subject to market dynamics like weather conditions, global demand-supply balance, and government policies. Producers and buyers in the corn oil cake industry need to closely monitor these factors to adapt to changing market conditions and make informed business decisions. However, changes in trade policies, currency exchange rates, and energy costs can also contribute to price fluctuations.
Covid-19 Impact:The COVID-19 pandemic significantly affected the Corn Oil Cake industry. Supply chain disruptions led to shortages in raw materials and hindered production processes. Fluctuating demand patterns, influenced by economic uncertainty and changing consumer behavior, further strained the market. Restrictions on transportation and logistics posed challenges in distribution, causing delays and increased costs.
The dairy cattle segment is expected to be the largest during the forecast period
The dairy cattle segment is expected to be the largest during the forecast period. Dairy cattle thrive on a balanced diet, often supplemented with nutritious feed additives like corn oil cake. This byproduct of corn oil extraction is rich in energy and protein, making it an ideal supplement to enhance milk production and overall herd health. By incorporating corn oil cake into their feed regimen, dairy farmers can ensure their cattle receive essential nutrients, promoting optimal milk yield and maintaining the well-being of their herd.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is expected to have the highest CAGR during the forecast period. Rich in protein and fiber, it offers nutritional benefits suitable for various culinary applications. With its mild flavor profile and versatile texture, corn oil cake can be incorporated into baked goods like bread, muffins, and cakes, enhancing their nutritional value without compromising taste. Additionally, its use extends to savory dishes, such as patties or coatings for fried foods, adding a nutritious touch to everyday meals.
Region with largest share:North America is projected to hold the largest market share during the forecast period. This nutritious cake is rich in protein and essential nutrients, making it an economical choice for supplementing animal diets. With the growth of the corn oil industry, availability of corn oil cake has increased, providing farmers with a reliable source of feed for their livestock. Its popularity underscores its role in supporting sustainable agricultural practices and optimizing livestock nutrition across the region.
Region with highest CAGR:Asia Pacific is projected to hold the highest CAGR over the forecast period due to its large agricultural sector and substantial livestock industry. Corn oil cake may hold cultural significance in certain communities within the region. As the demand for livestock products continues to rise in the region due to population growth and increasing incomes, the demand for corn oil cake as a feed ingredient is expected to remain strong.
Key players in the marketSome of the key players in Corn Oil Cake market include Tate & Lyle, Sodrugestvo, Meihua Group, Chrysanthemum, Agridient, Om Agro, Zhucheng Xingmao, Eppen, Fuyang Biotechnology, ADM, Commodity Specialists Company, Paramesu Biotech Private Limited, Bioengineering, COFCO Corporation, Santosh Limited and Pawar Agro Industries.
Key Developments:In March 2023, Tate & Lyle PLC announced IMCD as its new exclusive partner in the distribution of ingredients in Brazil. The purpose of this new partnership is to expand Tate & Lyle's offer of sweetening, texture, stabilisation and fortification solutions to the food, beverage, nutrition and supplement industries in Brazil.
Product Types Covered:
• Feed Grade
• Industrial Grade
Animal Types Covered:
• Aquaculture
• Dairy Cattle
• Poultry
• Other Animal Types
Nature Covered:
• Conventional
• Organic
Distribution Channels Covered:
• Direct Sales
• Online Retail
• Distributors/Wholesalers
• Other Distribution Channels
End Users Covered:
• Pharmaceutical
• Food & Beverage
• Cosmetics
• Agriculture
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements