Corn gluten meal (CGM), also known as corn protein, is a high-protein feed comprised mainly of corn gluten. It is a by-product of corn starch derived from the corn milling process. It is produced by spraying corn slurry extracted from the corn starch manufacturing process and steaming and drying it afterward. It acts as a natural herbicide and prevents weed seeds and grass from sprouting without damaging the existing plant. It is also used in the pet food industry on account of its natural high-protein content. It is utilized in aquaculture feed due to its economic property and as a cattle feed to provide animals with a fiber-rich diet. In addition, CGM is a high source of iron, phosphorus, and carbohydrates. As a result, it finds extensive application in food processing, animal feed, households, food service, and agriculture sectors.
The market is primarily driven by the expanding food and beverage (F&B) industry. This can be attributed to the extensive use of CGM to add texture and taste to the product in bakery products such as polenta, tortillas, and cornbread with high fiber content. As a result, manufacturers are increasing the production of stone-ground cornmeal, which is more nutritious and grainier than steel-milled cornmeal. Moreover, CGM helps provide protein enrichment to animals, which is increasing its usage in the animal feed industries such as poultry and aquaculture. In addition, consumers are shifting toward natural weed and feed control products such as CGM due to the long-term ecological effects of synthetic chemicals. Besides this, the increasing demand for domestic feed in farming households or cornmeal as a primary breakfast ingredient is providing a thrust to the market growth. Furthermore, the rising awareness regarding healthy food options and the growing consumer inclination toward wholesome breakfasts and ready-to-eat food items are creating a positive market outlook across the globe.
The report provides a techno-commercial roadmap for setting up an corn gluten meal manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the corn gluten meal industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the corn gluten meal industry.
The project report covers the following aspects of the corn gluten meal market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Corn gluten meal Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Corn gluten meal Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Corn gluten meal Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Corn gluten meal Market: Major Drivers and Challenges
Figure 2: Global: Corn gluten meal Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Corn gluten meal Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Corn gluten meal Market: Breakup by Segment (in %), 2022
Figure 5: Global: Corn gluten meal Market: Breakup by Region (in %), 2022
Figure 6: Corn gluten meal Raw Materials: Price Trends, 2017 & 2022
Figure 7: Corn gluten meal: Price Trends, 2017 & 2022
Figure 8: Corn gluten meal: Margins Across Various Stages of the Supply Chain
Figure 9: Corn gluten meal Manufacturing Plant: Breakup of Operational Costs
Figure 10: Corn gluten meal Price Structure
Figure 11: Corn gluten meal: Manufacturing Process Flow
Figure 12: Corn gluten meal: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Corn gluten meal Manufacturing Plant Layout
List of Tables
Table 1: Corn gluten meal Manufacturing Plant: Raw Material Requirements
Table 2: Corn gluten meal Manufacturing Plant: Project Planning
Table 3: Corn gluten meal Manufacturing Plant: Phasing of Development
Table 4: Corn gluten meal Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Corn gluten meal Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Corn gluten meal Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Corn gluten meal Manufacturing Plant: Costs Related to Machinery
Table 8: Corn gluten meal Manufacturing Plant: List of Machinery Suppliers
Table 9: Corn gluten meal Manufacturing Plant: Costs Related to Raw Materials
Table 10: Corn gluten meal Manufacturing Plant: List of Raw Material Suppliers
Table 11: Corn gluten meal Manufacturing Plant: Costs Related to Packaging
Table 12: Corn gluten meal Manufacturing Plant: Costs Related to Utilities
Table 13: Corn gluten meal Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Corn gluten meal Manufacturing Plant: Capital Costs
Table 15: Corn gluten meal Manufacturing Plant: Operating Costs
Table 16: Corn gluten meal Manufacturing Plant: Taxation
Table 17: Corn gluten meal Manufacturing Plant: Depreciation
Table 18: Corn gluten meal Manufacturing Plant: Income Projections
Table 19: Corn gluten meal Manufacturing Plant: Expenditure Projections
Table 20: Corn gluten meal Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Corn gluten meal Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Corn gluten meal Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Corn gluten meal Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Corn gluten meal Manufacturing Plant: Profit and Loss Account
Table 25: Corn gluten meal Manufacturing Plant: Discount Factor Rate
Table 26: Corn gluten meal Manufacturing Plant: Sensitivity Analysis
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