Corn Steep Liquor Market is expected to grow at a moderate 4% CAGR by 2028

According to a recent report by Persistence Market Research titled "Corn Steep Liquor Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028," the market for corn steep liquor, which is currently valued at around US$ 2.6 billion, is expected to reach US$ 3.5 billion in revenue by the end of 2028. The global corn steep liquor market is expected to grow at a moderate 4% CAGR from 2018 to 2028, according to the analysis.

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Gaining Ground in Industrial Fermentation & Expanding Application Base in Organic Agriculture
Corn Steep Liquor Market in two different forms: liquid and powder. While corn steep liquor has around 45-50% dry matter in its liquid form, it has about 85-90% dry matter in its powdered form. Since it aids in serving as a binding agent for animal feed pellets, corn steep liquor is preferred in its liquid form for use in animal feed. However, in organic farming, powdered corn steep liquor is favoured since it has a high purity and low moisture level, is simpler to handle, store, and utilise, and has better spreading properties.

In industrial fermentation, however, both liquid and powdered forms of corn steep liquor are used, but the powdered form is being increasingly preferred since it exhibits higher stability and is easier to handle. Combined with the fact that organic agriculture practices are increasing globally, the powdered form of corn steep liquor is expected to gain traction in the market over the forecast period.

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Increased Meat & Meat Products Consumption Pushing Livestock Businesses, Creating Opportunities for Feed Additives Such as Corn Steep Liquor
With a constantly increasing global population and increasing demand for proteins as a result of increasing per capita income, the demand for meat and meat product has never been higher. To meet this increasing demand for meat and meat products, livestock rearers have to depend upon proper nutrition of the livestock to obtain optimal growth and high-quality meat.

Corn steep liquor is such an additive that can provide the required nutritional profile, for a fraction of the cost of premium nutrition products. Since feed costs take up a majority of the cost that goes into livestock businesses, bringing it down is significantly important for business owners, making corn steep liquor the additive of choice for livestock rearers.

Key Producers of Corn Steep Liquor
Some of the key players included in the corn steep liquor market report are Tate & Lyle Plc, Cargill Inc, Archer-Daniels-Midland Company, Ingredion Incorporated, Tereos SA, Global Bio-chem Technology Group Company Limited, Juci Corn Biotechnology Co., Ltd, Sanstar Bio-Polymers Ltd, Baolingbao Biology Co., Ltd., Gulshan Polyols Limited, etc.

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