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
Figure 1. Global Corn Gluten Feed Market Value Share (%), By Region, 2021
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.
| 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: |
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| Segments covered: |
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| 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 |
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| Growth Drivers: |
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| Restraints & Challenges: |
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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
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
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
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