Expanded Corn Gluten Meal Market Expected to hit USD 9.7 Billion by 2034
The global Corn Gluten Meal (CGM) market is projected to witness significant expansion over the next decade, reaching an estimated USD 9.7 billion by 2034. This growth is driven by a variety of factors, as outlined below.
The Asia Pacific region stands out as a significant growth hub, fueled by rising feed demand from expanding animal farming sectors in China, India, and Southeast Asia. The Middle East & Africa region is also witnessing gradual growth, thanks to increasing investments in livestock development to address food security challenges. Latin America, particularly Brazil and Argentina, plays a crucial role in global CGM supply due to active corn cultivation and processing for export.
In 2024, the market was valued at USD 6.3 billion, with Livestock feed remaining the dominant end-use sector, accounting for 67.9% of total market consumption. The poultry segment held the largest livestock share, with 48.2% of the market. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.4% from 2025 to 2034.
Corn gluten meal's high protein content (60-65%) and its efficiency in improving animal weight gain and feed conversion ratios, compared to alternatives like soybean meal, support its market expansion. The granulated form led the market in 2024, capturing 52.7% of the market.
Key factors driving this growth include rising demand for high-protein animal feed amid expanding livestock farming, growing meat and dairy production worldwide, increasing feed costs encouraging more cost-effective protein sources, and growth in pet food markets favoring digestible plant-based proteins like CGM. The market is also influenced by a shift toward sustainable and plant-based feed ingredients, encouraged by supportive regulatory policies, in regions like Europe.
Businesses in the CGM market should focus on innovation, sustainability, and expanding into emerging markets like Asia-Pacific and Latin America. Companies such as Bunge Ltd., Ag Processing Inc (AGP), Cargill, Inc., and Archer Daniels Midland Company (ADM) are already making strides in this direction. For instance, Bunge Ltd. has increased CGM exports to Asia and Europe, driven by demand for plant-based protein supplements, and is exploring CGM's potential in aquaculture feed. ADM, on the other hand, has invested in CGM research, focusing on its use as a natural herbicide and high-protein feed ingredient.
In addition, there's growing interest in CGM as a key ingredient in organic weed control products, as demonstrated by Fox Forest Agriculture. Cargill, Inc. has also launched a new CGM product line for livestock and pet food, emphasizing traceability and sustainability, and is leveraging blockchain to track CGM from farm to consumer.
The global economy stands to benefit significantly from the growth of the CGM market, as it supports the livestock and poultry sectors. The market trends also show increased investment and innovation in protein-rich feed ingredients, aligning with consumers’ preference for natural and organic food inputs.
- The shift toward sustainable and plant-based feed ingredients, encouraged by supportive regulatory policies in regions like Europe, is a significant factor driving the growth of the Corn Gluten Meal market, which aligns with the global trend toward technology that promotes environmental sustainability.
- Companies such as Bunge Ltd., Ag Processing Inc (AGP), Cargill, Inc., and Archer Daniels Midland Company (ADM) are making strides in expanding their business, innovating with technology, and exploring new markets like Asia-Pacific and Latin America, demonstrating the crucial role of technology in the development and growth of the global Corn Gluten Meal market.
