Corn steep liquor is a by-product of corn wet-milling process which contains amino acids, vitamins and minerals that are important factor for some growth media. They are used in the production of antibiotics, enzymes, and other fermented products considering its nutrients and other applications. They play an important role in making penicillin and other organic acids as they act as a good additive and contribute to the growth of microorganisms. Corn steep liquor has various industrial applications such as the biodegradation of crude oil, the treatment of cracks in concrete, and the conversion of municipal waste corn post for use in organic farming. Such benefits and applications are expected to increase the adoption of corn steep liquor among consumers which will drive market growth during the forecast period.
Because of the increasing demand for corn steep liquor among consumers for their benefits have induced major vendors to make significant investments in the growth of advanced technologies to produce high-quality corn steep liquor. The process of ultrafiltration of corn steep liquor to remove suspended solids and high molecular weight compounds, thus increasing the amounts of amino acids, vitamins and minerals. Other technological advancements involve plate or tubular failing-film evaporator which are used for lowering the concentration of corn steep liquor. Such technological advancements will fuel market growth at a CAGR of over 4% during the forecast period.
Top Corn Steep Liquor Companies Covered in this Market Research Report
The market is moderately fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this report also includes information on the upcoming corn steep liquor market trends and challenges that will influence market growth. This will enable companies to create strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading corn steep liquor manufacturers, including:
Global Bio-chem Technology Group Co. Ltd.
Roquette Frères SA
Tate & Lyle Plc
Corn Steep Liquor Market Segmentation Based on Product
Liquefied corn steep liquor
Powdered corn steep liquor
The liquified corn steep liquor market segment accounted for the highest market share in 2018. Though the segment’s growth will be slower than the growth of the market in the powdered corn steep liquor segment, it will continue to dominate the market throughout the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the corn steep liquor market size.
Corn Steep Liquor Market Segmentation Based on Geographic Region
With a complete study of the growth opportunities for companies, it has been identified that North America accounted for the highest corn steep liquor market share in 2018. Though the growth of the market in this region will be slower than the corn steep liquor market growth in Europe, MEA, and South America, it will be the key market for corn steep liquor throughout the forecast period.
Key Highlights of the Corn Steep Liquor Market Forecast Report for the Period 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the corn steep liquor market during the next five years
Precise estimation of the global corn steep liquor market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the corn steep liquor industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of corn steep liquor companies
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