Corn gluten feed (CGF) is a protein source that is comparable to soybean meal and is high in digestible energy, protein, and phosphorus. Because dry maize gluten feed is typically pleasant and easily digested by cattle, it is predicted to generate large market earnings in the worldwide maize gluten feed market. As a result, the worldwide corn gluten feed industry is likely to expand significantly in the near future. The production of compound feed and commercial feed is fast expanding, which is projected to contribute to the market's growth. Corn gluten feed is a protein and fiber-rich substance that contains important nutrients for development and wellness. The existence of alternatives to local feed, sensitivity to gluten, and changes in feed safety rules in the European Union concerns the surge in imports of genetically modified (Gm) organisms in gluten feed are all limiting the expansion of the corn gluten feed industry.
According to Coherent Market Insights, Global Corn Gluten Feed Market was valued at US$ 6500.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.8 % during the forecast period (2022 to 2030).
Market Players in the Corn Gluten Feed Industry:
1. Agrana Group
Agrana Beteiligungs AG is a processor of raw materials that manufactures foods and intermediate products for the downstream food industry as well as for non-food applications. The company operates in three segments Sugar, Starch, and Fruit. The company was founded in 1988, headquartered in Austria.
2. Archer Daniels Midland Company
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The company was founded in 1902 and is headquartered in Chicago, Illinois.
3. Bunge Ltd.
Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. Bunge Limited was founded in 1818 and is headquartered in St. Louis, Missouri.
