The global germ meal market was valued at USD 1.15 billion in 2023 and is anticipated to reach USD 1.19 billion in 2024 from USD 1.61 billion by 2032, growing at a CAGR of 3.8% from 2024 to 2032.
Germ meal is an animal feed that is rich in essential nutrients. Germ meal is used as animal feed due to its high content of proteins and nutrients. It is the by-product obtained from the oil extraction process of many seeds and pulses. It is a reliable source of protein, oil, fiber, and starch content. It readily absorbs liquids like molasses and tallow and is, therefore, a very useful carrier of liquid nutrients.
Factors fuelling the growth of the market are increasing concern regarding the health of animals and increasing diseases associated with unhealthy feed. These vitamins and proteins play an essential role in all the life cycles of the animals and are henceforth very essential. However, expensive processing costs and limited awareness are the factors hindering the growth of the market.
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2023 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024 to 2032 |
|
CAGR |
3.8% |
|
Segments Covered |
By Type, Application, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
|
Market Leaders Profiled |
Wilmar International, Prairie Sun Foods, Grain Processing Corporation, Ingredion Inc, Tate and Lyle Plc, Bunge Ltd, Agrana Group, Tereos Syral, Global Bio-chem, and Others. |
Feed Grade Meal holds the major share in the market while Food Grade Germ Meal is expected to grow the fastest.
Animal feed holds the major share in the market due to extensive use in feed and is also expected to grow at a higher CAGR due to recent advancements in processing technology and growing popularity for use as a nutrient delivery method.
North America holds the major share in the market due to increasing expenditure on animal health and increasing awareness regarding healthy diet and essential nutrients associated with it. Asia is the fastest-growing region due to the increasing adoption rate and increasing awareness regarding the health benefits offered by germ meals.
Wilmar International, Prairie Sun Foods, Grain Processing Corporation, Ingredion Inc, Tate and Lyle Plc, Bunge Ltd, Agrana Group, Tereos Syral, Global Bio-chem. Some of the market players dominate the global gem meal market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region