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  • Published On : Oct 2022
  • Code : CMI4067
  • Industry : Food and Beverages
  • Pages : 175
  • Formats :

Animal feed industry is experiencing a significant growth in the recent past, globally. The animal feed has a significant contribution in the global food industry. Feed is considered as an essential component to ensure safe, ample, and affordable animal proteins.

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).

Drivers

  • Animal feed industry is experiencing a significant growth in the recent past, globally. Feed is considered as an essential component to ensure safe, ample, and affordable animal proteins.
  • COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Figure 1. Global Corn Gluten Feed Market Value Share (%), By Region, 2021

Corn Gluten Feed  | Coherent Market Insights

Market Restraints

The growth of the corn gluten feed market is restrained by several factors such as presence of alternatives to local feed, sensitivity to gluten, and the changes in regulations for feed safety in European Union regarding the rise in imports of genetically modified (Gm) organisms in gluten feed.

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Corn Gluten Feed Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 6500.00 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.8 % Forecast Period: 2022-2030
Geographies covered:
  • Region: Latin America, Europe,  Asia Pacific, Middle East, Africa ,North America
Segments covered:
  • By Nature: Organic and Conventional
  • By Product Type: Wet corn gluten feed and Dry corn gluten feed
  • By Application: Ruminant animals, Poultry animals, Pet food, Aquafeed, and Others
Companies covered:

Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group

Growth Drivers:
  • Increasing health awareness for pets
  • High nutritional benefits of corn gluten feed 
Restraints & Challenges:
  • Stringent rules and regulations

Market Trends

The production of compound feed as well as commercial feed is rapidly increasing which is expected to contribute towards the growing market for corn gluten feed market. Corn gluten feed is a protein and fiber rich ingredient containing significant amount of nutrients for better growth and improved health.

Corn gluten feed (CGF) is equivalent to the soybean meal as a protein source and high in digestible energy, protein and phosphorus. Dry corn gluten feed market is expected to witness significant market revenues in the global corn gluten feed market as dry CGF is generally palatable and readily digested by cattle. Therefore, the global corn gluten feed market is expected to witness significant growth in the near future.

Figure 2. Global Corn Gluten Feed Market Value Share (%), By Application 2021

Corn Gluten Feed  | Coherent Market Insights

Among product type, in 2021, the Dry corn gluten feed segment accounted for the largest market share of 67.6% in terms of value, followed by Wet corn gluten feed market.

Recent Developments

  • In 2019, cattle registered high revenue owing to the large population and increasing demand from the beef and dairy industries. Besides, poultry segment is set to grow its demand during the forecast period (2020-2025) owing to increasing awareness among farmers regarding poultry and adoption of intensive farming techniques.
  • On August 31, 2019, more than 1.86 million tons of corn gluten feed and corn gluten meal left the U.S. for the export market. Ireland (23 percent) was the top user of U.S. corn gluten feed and meal, followed by Israel (12 percent) and Indonesia (9 percent). Thus, with these tremendous exports, it can be said that the global corn gluten feed market is driven by the trends in the U.S. market.
  • In 2020, more than 40.6% of the overall meat production belonged to the poultry group, according to the FAO. Globally, the vast majority of consumers are looking to boost their protein intake, which has led to the increased consumption of meat and eggs. These factors along with the growing consumption of processed meat in the fast-food sector will propel the product demand significantly.

Competitive Section

Key players operating in the global corn gluten feed market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group among others.

Corn gluten feed (CGF) is a co-product obtained from wet-corn milling industry. The wet corn milling industry manufactures starch, sweeteners, syrup, and oil from corn. The corn gluten feed is an excellent feedstuff and is widely used in the beef and dairy cattle industry. Corn gluten feed has numerous nutrients such as minerals, proteins, digestible fiber, and essential components.

Market Dynamics

The growth of the global corn gluten feed market is attributable to its  nutritional composition and expanding applications in animal feed industry. The growth of the corn gluten feed market is also attributable to the increasing production of compound and commercial feed.  Corn gluten feed has rich protein and fiber ingredients, which provide nutrients for better growth and improved health. Corn gluten feed has similar protein source as soybean meal and higher digestible energy, protein, and phosphorus.

Corn gluten feed is witnessing huge demand across the globe, especially with the increasing demand from animal feed industry and the increasing meat consumption. Increasing consumer knowledge on animal feed and prevention against diseases caused by meat consumption such as bird flu, etc. and growing meat industry in Asia Pacific and Europe are key factors driving growth of the global animal feed industry market, which in turn is driving growth of the corn gluten feed market. For instance, according to the U.S. Food & Agricultural Organization (FAO), the per capita consumption of poultry products was pegged at 48.7 kg and 44.1 kg in Malaysia and Australia, respectively, in 2018. These factors are expected to drive demand for poultry in Asia Pacific during the forecast period (2020-2027).

Major players operating in global corn gluten feed market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group.

Key features of the study:

  • This report provides an in-depth analysis of the global corn gluten feed market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022–2030).considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, corn gluten feed products, regional outlook, and competitive strategies adopted by the leading players.
  • Key companies covered as a part of this study include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group among others
  • It profiles leading players in the global corn gluten feed market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
  • The global corn gluten feed market report caters to various stakeholders in this industry, including investors, product developers, distributors, corn gluten feed manufacturing companies, research institutes, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision-making through various strategy matrices used in analyzing the global corn gluten feed market

Detailed Segmentation:

  • Global Corn Gluten Feed Market, By Nature:
    • Organic
    • Conventional
  • Global Corn Gluten Feed Market, By Product Type:
    • Wet corn gluten feed
    • Dry corn gluten feed
  • Global Corn Gluten Feed Market, By Application:
    • Ruminant animals
    • Poultry animals
    • Pet food
    • Aquafeed
    • Others
  • Global Corn Gluten Feed Market, By Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      •  Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      •  India
      •  Japan
      •  ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • Middle East
      • Africa
  • Company Profiles
    • Agrana Group *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Archer Daniels Midland Company
    • Bunge Ltd.
    • Cargill Incorporated
    • Commodity Specialists Company
    • Grain Processing Corporation
    • Ingredion Incorporated
    • Tate & Lyle Plc.
    • Tereos Syral
    • The Roquette Group

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global corn gluten feed market was valued at around US$ 6500.00 Million in 2021.
High nutritional benefits of corn gluten meal and its adoption for pet food are major growth.
The production of compound feed as well as commercial feed is rapidly increasing which is expected to contribute towards the growing market. Corn gluten feed is a protein rich and fiber rich ingredient containing significant amount of nutrients for better growth and improved health
High nutritional benefits of corn gluten meal and its adoption for pet food are major growth driving factors for the market
Key players operating in market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group.
The market is estimated to grow at around 5.8 % CAGR in the forecast period (2022-2030).

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