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.
The global corn gluten feed market is projected to reach around US$ 9,279.4 Mn by the end of 2027, in terms of revenue, exhibiting a CAGR of 4.1% during the forecast period (2020-2027).
Gluten feed is a by-product of the milling process and a fodder for livestock. It contains proteins, making the feed rich in digestible fiber and minerals crucial for animals. The corn gluten feed market mainly comprises feed for poultry, cattle, swine, and aquaculture. Adequate quantity of phosphorus, proteins, and dietary fibers are required for a healthy livestock. Corn gluten is a rich source of energy and is a common component of ruminant diets, followed by wheat gluten. The ingredients of corn gluten feed include maize steep liquor, germ meal, cracked maize screenings, and negligible quantities of other end-products from new microbial fermentations. The growth of the global corn gluten feed market is driven by the rising demand in emerging economies for gluten feed & corn gluten feed, owing to these numerous benefits. This demand is further driven by the cost-effectiveness of corn gluten feed as compared to other grain-based feed.
|Base Year:||2019||Market Size in 2019:||US$ 7,024.0 Mn|
|Historical Data for:||2016 to 2019||Forecast Period:||2020 to 2027|
|Forecast Period 2020 to 2027 CAGR:||4.1%||2027 Value Projection:||US$ 9,279.4 Mn|
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
|Restraints & Challenges:||
Among region, Asia Pacific held dominant position in the global corn gluten feed market in 2019, accounting for 37.3% share in terms of value.
Figure 1. Global Corn Gluten Feed Market Revenue Share (%), By Region, 2019
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.
Figure 2. Global Corn Gluten Feed Market – Opportunity Analysis
The market is expected to witness significant growth opportunities over the forecast period, owing to increasing food safety concerns. Moreover, rising health consciousness and improvements in marketing activities are providing immense growth opportunities for the existing market players. The corn gluten feed is palatable and complements low & high-quality feeds, which fuel its demand. Moreover, increase in usage of gluten feed as an alternative to fish meal in aquaculture feed boosts the market growth.
Figure 3. Global Corn Gluten Feed Market Revenue Share (%), By Product Type, 2019
Among product type, in 2019, 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.
Corn Gluten Feed Market - Impact of Coronavirus (Covid-19) Pandemic
The global corn gluten feed market is largely impacted by COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus. The lockdowns have resulted in shutting-down of businesses and ceasing of almost all economic activities. According to the International Monetary Fund, the global economy is expected to contract sharply by 3.0% in 2020, which is worse than the 2008-09 financial crisis. The virus will negatively impact major producers of corn gluten meal and the entire ecosystem including raw material suppliers, formulators, distributors, and retailers.
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.
The growth of the global corn gluten feed market is attributable to its outstanding 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).
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section