About Germ Meal
Germ meal is used as animal feed due to its high contents of proteins and nutrients. It is the by product obtained from oil extraction process of many seeds and pulses. It is reliable source of protein, oil, fiber and starch content. It is readily absorbs liquids like molasses and tallow and is therefore a very useful carrier for liquid nutrients. The market of germ meal is growing due to various factor like growing concern regarding health of animals, however some of the factor such as expensive processing cost and low awareness is hindering the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wilmar International (Singapore), Grain Processing Corporation (GPC) (United States), Global Bio-chem (Hong Kong), Ingredion Incorporated (United States), Tate & Lyle Plc (United Kingdom), Bunge Ltd. (United States), Agrana Group (Austria) and Tereos Syral (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Germ Meal market by Type (Feed Grade and Food Grade), Application (Feed, Food Industry and Others) and Region.
On the basis of geography, the market of Germ Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Germ Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased investment in poultry and livestock sector
Market Growth Drivers:
Increasing concern regarding health of animals, Increasing diseases associated with unhealthy feed and Use as substitute to regular dietary feed
Challenges:
Limited awareness about the product market
Restraints:
Expensive processing costs
Opportunities:
Growing consumption of livestock and Growing preference of high quality dairy products
Market Leaders and their expansionary development strategies
Sept. 19, 2023, Grain Processing Corporation part of the KENT Corporation family of companies acquired of flour manufacturing and warehouse facility in Oskaloosa, IA. Building upon the success of its soy and chickpea milling operations in Grinnell, Iowa, GPC's acquisition further deepens its longstanding history of offering innovative, high-quality, plant-based ingredients that consumers worldwide desire.
In 2019, Brynwood Partners, a privately owned manufacturer in Greenwich introduced toasted wheat germ to lure the health-conscious consumers.
Key Target Audience
Germ Meal Manufacturers, Germ Meal Distributors/Traders/Wholesalers, Germ Meal Sub-component Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.