Germ Meal is employed as animal feed owing to its high contents of proteins and nutrients. It is by-product attained from oil extraction procedure of several seeds and pulses. It is a reliable source of protein, oil, fiber and starch content. It highly absorbs liquids such as molasses and fat and is hence a very useful carrier for liquid nutrients.
Market drivers and restraints:
Some of the major factors boosting the expansion of the global germ meal market are rising concern relating to the health of the animals and growing diseases associated with the unhealthy feed. These vitamins and proteins play vital roles in all the life cycled of the animals and are therefore very significant. Nevertheless, costly processing expenses and restricted awareness are the factors hampering the expansion of the market.
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Report segmented as:
- Feed grade
- Food grade
On the basis of type, feed grade meal held the highest share in the global market while food-grade germ meal is estimated to raise the quickest.
- Food industry
On the basis of application, animal feed held the principal share in the market owing to high employment in pasture and is also estimated to rise at a higher CAGR due to recent developments in processing technology.
On the basis of region, the global germ meal market is segregated into regions namely, North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. North America holds a significant share in the market owing to rising expenditure on animal health and rising awareness relating to the healthy diet and significant nutrients related to it. The Asia Pacific is the quickest expanding region owing to rising adoption rate and increasing awareness pertaining to the health advantages provided by the germ meal.
Important market players:
Some of the major players operating in the market are ADM, Tate & Lyle, Sodrugestvo, Agridient, Om Agro, Santosh Limited, Pawar Agro Industries, Commodity Specialists Company, Paramesu Biotech Private Limite, Maize, Meihua Group, Chrysanthemum Bioengineering, COFCO Corporation, Zhucheng Xingmao, Eppen, Fuyang Biotechnology, ZhuchengDongxiao Biotechnology.
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