Corn steep liquor finds applications across industries. Its nutrient-rich composition makes it valuable in animal feed formulations, enhancing livestock and poultry nutrition. In industrial fermentation, it serves as a substrate for producing enzymes, amino acids, and bio-based products. As a fertilizer component, it supports agricultural productivity. Its versatility extends to biofuel and biochemical production, promoting sustainable energy and bio-based chemicals. With its array of uses, corn-steep liquor remains a pivotal resource in fostering agricultural, industrial, and environmental advancements.
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Data Bridge Market Research analyses that the Asia-Pacific Corn Steep Liquor Market accounted for USD 555.25 million in 2021 and is expected to reach USD 871.71 million by 2029. The market is registering a CAGR of 5.8% during the forecast period of 2022 to 2029. Corn steep liquor, rich in nutrients, is incorporated into animal feed for livestock and poultry. As the demand for these products increases, the need for nourishing feed supplements grows, making corn steep liquor an essential component in enhancing animal nutrition and productivity, which boosts the market’s growth.
Key Findings of the Study
Industrial fermentation is expected to drive the market's growth rate
Corn steep liquor acts as a nutrient-rich substrate in industrial fermentation, a process crucial for producing enzymes, amino acids, and various bio-based products. Its high nutrient content provides essential growth factors for microorganisms involved in these biotechnological processes. This utilization of corn steep liquor enhances the efficiency of producing valuable bio-based compounds, contributing to the sustainable production of enzymes, amino acids, and other bioproducts used across industries.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Inorganic/Conventional, Organic), Form (Powder, Liquid), Application (Animal Feed, Fertilizers, Fermented Products, Pharmaceutical Industries, Fishing Bait, Other Industrial Applications)
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Market Players Covered
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Cargill Incorporated (U.S.), DuPont (U.S.), Bluestar Adisseo Co. Ltd (China), BASF SE (Germany), Kemin Industries, Inc. (U.S.), DSM (Netherlands), Associated British Foods plc (U.K), Novozymes (U.S.), Biocatalysts Ltd. (U.K), Amano Enzyme Inc. (Japan), Kerry Group plc (Ireland), Jiangsu Boli Bioproducts Co.Ltd. (China), AUM Enzymes (India), Antozyme Biotech Pvt Ltd (India), Xike Biotechnology Co. Ltd. (China), SUNSON Industry Group Co.Ltd (China)
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Countries Covered
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China, India, Japan, South Korea, Indonesia, Philippines, Vietnam, Thailand, Australia, New Zealand, Malaysia, , Singapore, Rest of Asia-Pacific
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The Asia-Pacific corn steep liquor market is segmented on the basis of form, product type, and application.
- On the basis of form, the market is segmented into powder, and liquid.
- On the basis of product type, the market is segmented into inorganic/conventional, and organic.
- On the basis of application, the market is segmented into animal feed, fertilizers, fermented products, pharmaceutical industries, fishing bait, and other industrial applications.
Major Players
Data Bridge Market Research recognizes the following companies as the major Asia-Pacific corn steep liquor market players in Asia-Pacific corn steep liquor market are Cargill Incorporated (U.S.), DuPont (U.S.), Bluestar Adisseo Co. Ltd (China), BASF SE (Germany), Kemin Industries, Inc. (U.S.), DSM (Netherlands)
Market Development
- In April, TEREOS STARCH & SWEETENERS EUROPE introduced its products to the Chinese market. The business division participated in the Food Ingredients China exhibition held in Shanghai, effectively showcasing its offerings to Chinese consumers. This strategic move enabled the company to widen its customer base by extending its product reach and engaging with potential customers in China.
Regional Analysis
Geographically, the countries covered in the corn steep liquor market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
As per Data Bridge Market Research analysis:
China is the dominant region in Asia-Pacific corn steep liquor market during the forecast period 2022 - 2029
In 2022, China dominated the colorants market as industries such as it is rich in essential nutrients, it serves as a valuable ingredient in animal feed formulations, enhancing livestock and poultry health. In the agricultural sector, its high nutritional content makes it an efficient and economical choice for fertilizers, boosting crop growth. This versatile resource's blend of nutritional benefits and affordability positions it as a sought-after solution for industries seeking sustainable, efficient, and cost-conscious alternatives.
India is expected to dominant region in Asia-Pacific corn steep liquor market during the forecast period 202 - 2029
In 2022, India is expected to dominate the market due to large agricultural sector and significant corn cultivation, India has abundant raw material supply. This allows for substantial corn steep liquid production, catering to both domestic and international demand. Additionally, India's cost-effective manufacturing processes contribute to its competitive edge. The country's strategic positioning in terms of raw materials, production capacity, and economic advantages collectively establish its supremacy in the global corn steep liquid market.
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