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Global Corn Steep Liquor (CSL) Market 2019-2023 | Technological Advances in the Production of Corn Steep Liquor to Boost Growth | Technavio

The global corn steep liquor (CSL) market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by Technavio.

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A key factor driving the growth of the market is the immense benefits of using corn steep liquor. Corn steep liquor is used as a nutrition medium for the growth of microorganisms in the production of antibiotics, enzymes, and other fermented products. Moreover, it is also used in combination with other ingredients to manufacture corn gluten feed for dairy and beef cattle, swine, poultry, and in pet foods. The immense benefits of corn steep liquor make it suitable in various other industrial applications, such as the biodegradation of crude oil, microbial-induced carbonate precipitation for the treatment of cracks in concrete, and the conversion of municipal waste compost for use in organic farming. These applications are expected to drive the adoption of corn steep liquor among the various end-users, thereby driving the growth of the market during the forecast period.

As per Technavio, the technological advances in the production of corn steep liquor will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global corn steep liquor (CSL) market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Corn Steep Liquor (CSL) Market: Technological Advances in the Production of Corn Steep Liquor

The rising demand for corn steep liquor worldwide has encouraged major players to incorporate innovative and technologically advanced methods with the aim of producing high-quality corn steep liquor. The technological advances incorporated in the production of corn steep liquor, include the process of ultrafiltration, which is aimed at removing the suspended solids and high molecular weight compounds. Thus, the product obtained is a modified corn steep liquor, which contains comparatively greater amounts of amino acids, vitamins, and minerals. Among other technological innovations, a plate or tubular falling-film evaporator is used for evaporating the lower concentration stages of corn steep liquor, while a forced-circulation arrangement is used to obtain the final product. Therefore, technological advances in the global corn steep liquor market is an emerging trend, which will have a positive impact on the growth of the global corn steep liquor market during the forecast period.

"Apart from the technological advances in the production of corn steep liquor, the growing animal feed industry, and the emergence of new corn wet milling facilities and growing investments are some other major aspects that are expected to boost market growth during the forecast period," says a senior analyst at Technavio.

Global corn steep liquor market: Segmentation analysis

This market research report segments the global corn steep liquor market by product (liquefied corn steep liquor and powdered corn steep liquor) and geographical regions (North America, APAC, Europe, South America, and MEA).

The North American region led the market in 2018, followed by APAC, Europe, South America, and MEA respectively. However, during the forecast period, the European region is expected to register the highest incremental growth due to the growth in the production of animal feed in Europe.

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Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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