Corn also is known as maize, is a cereal grain which was primarily cultivated by the native people of Southern Mexico. There is seen a significant rise in the total production of corn across the globe due to which, it has become a staple food in larger parts of the world. Food and Agriculture Organization (FAO) has stated that the total world production of corn or maize in 2017 alone was about 1,134 Mn tonnes. Various uses of corn such as in the human food to increase the nutritional value, in feed for livestock, in chemicals and biofuel, as a commodity, and many such is what making the product popular amongst businesses.
Corn steep liquor is derived from the process of corn wet milling at the very initial stage. Corn wet milling is a process in which corn kernels are broken down into their respective parts such as protein, corn starch, corn oil, and fibre. Corn steep liquor contains a variety of nutrients in it. It contains nitrogen in the form of peptides and amino acids, vitamins, and micro and macronutrients. Corn steep liquor is the best substitute for other organic fertilizers such as soybean meal, fish emulsion, chicken litter, and feather meal. With the use of corn steep liquor, nitrogen is already available to the plants and is not dependent upon the microbial activities essential to create nitrogen for the plants. Overall, the corn steep liquor market has a huge demand and opportunities in the markets across the globe.
Planning to lay down future strategy? Perfect your plan with our report brochure here
Increasing Consumption of Meat and Related Products Is Driving the Demand for Livestock Businesses, that is Ultimately Driving the Growth of the Corn Steep Liquor
The corn steep liquor has a number of applications in different industries. The primary factor that is driving the growth of the corn steep liquor market is the rapidly increasing consumption of meat and meat products that have led to rising in the livestock business across the world. The livestock business has created a lot of opportunities for the animal feed additives business such as corn steep liquor. Moreover, the use of corn steep liquor in the manufacturing of organic fertilizers is driving the market at large. The use of corn steep liquor in fertilizers provides nitrogen to the plants faster than the other organic fertilizers which is one of the reasons for the growth of the corn steep liquor market. It also provides a large number of nutrients to plants such as amino acids, vitamins, and minerals and proteins.
The key restraint in the corn steep liquor market is there are a number of substitutes available for the products in the market which is hindering the growth of the market.
Want to know the obstructions to your company’s growth in future? Request a Custom report here
Global Corn Steep Liquor: Market Segmentation
On the foundation of nature, the corn steep liquor market is segmented as:
On the foundation of the certification type, the corn steep liquor market is segmented as:
On the foundation of the end use, the corn steep liquor market is segmented as:
- Food and beverages
- Animal feed
- Laboratory and research
On the foundation of the distribution channel, the corn steep liquor market is segmented as:
- Store-based retail
- Specialty stores
- Other retail formats
- Online stores
- Store-based retail
On the basis of form, the corn steep liquor market is segmented as:
Global Corn Steep Liquor Market: Key Players
Some of the key market participants in the corn steep liquor market are Merck KGaA, Tate & Lyle PLC, Grower's Secret, Inc., Gulshan Polyols Ltd., FeedStimulants, SSCPL Herbals, Anil Group, Sanstar Bio - Polymers Ltd., Tereos Starch & Sweeteners s.a.s., Tina Xu Shanghai Renyoung Pharmaceutical Co., Ltd., Spectrum Chemical Manufacturing Corp., and many others.
Some of the key importer, distributor, and suppliers of corn steep liquor include Parchem fine & specialty chemicals, Juci Corn Biotechnology Co., Ltd., Ms Biosolutions Llp, Informa PLC, and many more.
Opportunities for Market Participants
The manufacturers of corn steep liquor market have huge opportunities in the years to come. There is a significant rise in the organic fertilizers and animal feed across the globe especially in North America and Europe which provides the manufacturers with a huge opportunity in the market. Moreover, the manufacturers have opportunities in expanding their market in developing countries such as China, India, and other Asian countries. Manufacturers also have opportunities in promoting the corn steep liquor in the countries where farming and livestock business are the prime businesses.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.