Analysis of Corn Oil Cake Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Corn or maize oil cake is a major source of needed nutrition and protein for cattle as a part of their daily diet. It’s also rich in terms of calcium and dietary fiber and various other nutrients which makes it a preferred food for feeding cattle, goats, and camels.
Owing to the presence of high fibrous content, maize oil cake is widely utilized as feed for ruminants. These factors are expected to drive the market during the forecast period. maize oil cake helps in maintaining consistent quality of nutrients and proteins that help to promote flexibility to the animals.
The demand for maize oil cake has been fuelled by the rise in dairy and cattle consumption. The animal feed contains maize cake. It is obtained as a by-product from the industrial processing of maize oil. Because corn oil cake is a strong source of nutrients that support healthy growth and metabolism, it is utilized as a dietary fiber for herds and cattle.
Corn oil cake is supplemented with grains like barley, wheat, sorghum, etc. in animal feed in different quantities depending on their requirements for growing and breeding. This boosts the demand in the global market. Further, the consumption of poultry and meats is increasing around the globe. Investors are getting attracted to invest in the poultry and livestock sector. This will further drive the market in the coming years.
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High-value protein for livestock to accelerate market growth.
Since the food business produces a lot of waste each year, there is a growing field of study devoted to reducing and effectively handling this problem to promote the idea of zero waste. Oil cakes are the by-product of the extraction of oilseeds. These leftovers are a source of health-beneficial bioactive substances (protein, dietary fiber, antioxidants) that can be employed in the culinary, cosmetics, textile, and pharmaceutical industries. They can also act as substrates for the synthesis of mushrooms, biosurfactants, enzymes, and antibiotics. Other uses include the creation of composites, biofuel, and films, as well as animal feed and composites.
Corn oil contains an adequate quantity of proteins, starch, fiber, and fats. So it is a perfect substitute for regular animal feeds. Further, the constant hike in prices of regular animal feed ingredients like cereal grains, protein meals, etc. is forcing the farmers to look for a less expensive and safe substitute for animal feed. As this cake is obtained as a by-product during corn oil processing, the price of maize oil cake is lesser than other regular feed ingredients. This factor will propel the global market.
The consumption of livestock in recent years has increased and this has been a major factor in the growing demand for products across the globe. Livestock product such as milk, meat, etc. provides high-value protein and important micronutrients such as iron, zinc, and vitamin A. The key manufacturers are focused on developing a range of oil cakes that meets the various health requirements and nutritional values for the livestock. All these factors are anticipated to grow the market positively in terms of value and volume during the forecast period.
There are a lot of press cakes and residues accessible since, according to the U.S. Department of Agriculture (USDA), the global production of oilseeds in 2018- 2019 was 600.47 million metric tonnes. Utilizing these oil industries’ by-products and residues is a sustainable way to reduce waste disposal and also helps to generate innovative, affordable, nutrient-rich goods.
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The consumption of maize oil cakes can increase the fat percentage in the milk of cows and buffalo. These cake contain high amounts of oil that provide energy to animals this help in terms of overall productivity, this is likely to gain the focus of farmers who wish to ensure their cattle remain active.
Corn oil is high in vitamin E content which is highly beneficial in the induction of heat in the initial period of calving. Conventional cakes like cotton seed and ground nut cakes are deficient in vitamin E which makes corn a major preference by farmers. The high nutritional properties of maize oil cake feed improve animal health and generate resistance.
The quality measures are based on criteria like-
Maize oil cake is available in adequate quantities across the globe as animal feed and fertilizer. It is mainly produced in Latin America, particularly in Brazil due to the huge presence of corn and feed mills. In North America, the demand is increasing due to its wider application in agriculture as cheap fertilizer.
The Middle East and Africa are forecasted to be positively growing markets because of the growing consumption of meat products. Europe has also increased the production of corn cakes recently. Owing to these factors, the market is expected to witness positive growth in the forthcoming years.
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The preference for maize oil cake in the agriculture and feed industry is growing due to its high-quality fibers, proteins, starch, and its application as a fertilizer. Due to the increased consumption of meat, investment in the livestock and poultry sectors has also increased. It is anticipated that there would be a high return for investors and manufacturers in the market.
The preference for maize oil cake in the agriculture and feed industry is growing due to its high-quality fibers, proteins, starch, and its application as a fertilizer. Due to the increased consumption of meat, investment in the livestock and poultry sectors has also increased. It is anticipated that there would be a high return for investors and manufacturers in the corn oil cake market. The key players in the corn oil cake market include:
On the basis of application, maize cakes are widely preferred as animal feed owing to their high nutrition and energy content in it. The conventional nature of oil cakes is still dominant while organic methods of extraction are anticipated to gain a major share in the forecast period.
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Increasing demand from the livestock sector for high-protein diets is primarily boosting sales.
Latin America is the top producer due to the high presence of corn and feed mills.
Poultry birds and fish are major consumers of corn oil cakes.
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