Corn gluten feed is widely used in animal feed including ruminants, aquaculture, pets, and poultry, owing to its capability to offer rich protein content, longer shelf life, purity, and nutrition capable of enhancing digestibility.
The global corn gluten feed market accounted for around US$ 7,024.0 billion, in terms of value, in 2019 and it is expected to exhibit a CAGR of 4.1% during the forecast period (2020-2027).
The demand for gluten feed products is driven by the increasing awareness about environmental impact of various products and sustainability of byproducts. The animal feed which is nutritious and high in protein & minerals, is highly in demand. The health consciousness amongst population is rising with a special emphasis on byproducts of animals. The demand for these products is determined by their nutritional content, which is further expected to boost demand for corn gluten feed.
The corn gluten feed market is expected to experience huge growth opportunities, owing to the growing poultry industry and increasing demand for animal feed. Increasing production and consumption of poultry meat compared to other meat products is expected to drive growth of the global poultry market during the forecast period, which in turn will drive growth of the corn gluten feed market. For instance, according to the National Chicken Council Statistics published in September 2019, the per capita consumption of total red meat was 92.4 pounds, whereas per capita consumption of poultry meat was 110.0 pounds in 2018, across the globe.
Amongst all the product types, the wet corn gluten feed segment is expected to experience significant growth opportunities over the forecast period. The wet corn gluten feed is produced by using the wet-milling process. The wet-milling process is designed to extract maximum output from each component of the corn kernel. The process involves soaking the corn kernels in large tanks called steep tanks in a dilute aqueous sulfur dioxide solution, followed by removing the germs, which is further processed to remove the high-value corn oil. The germ meal remaining after the oil extraction is used for animal feed. Furthermore, the remaining kernel components are screened to remove the fiber and it is combined with the evaporated, concentrated, and dried steep liquor, among other co-product streams to produce corn gluten feed.
The corn gluten feed market has huge growth opportunities with its increasing demand from aquaculture. Growing aquaculture industry and rising global demand for sea food are driving growth of the corn gluten feed market. For instance, according to the National Oceanic and Atmospheric Administration (NOAA), in 2016, the value of fish landings in the U.S accounted for US$ 5.3 billion, an increase of over 2.1% than the previous year. Some of the major leading markets for seafood in Europe are the U.K., France, Italy, Germany, and Spain.
Corn Gluten Feed Market - Impact of Coronavirus (Covid-19) Pandemic
With the emergence of Covid-19 pandemic, animal feed industry, one of the applications of corn gluten meal, has been affected badly. Aquaculture farmers and EU livestock have called for crisis management measures to mitigate the impact of Covid-19. For instance, in Indonesia, corn consumption for animal feed in the first five months of 2020 declined to 18% compared to the same period in the previous year in Indonesia due to Covid-19 pandemic, as stated by General Chairman of the Indonesian Feed Producers Association. This factor is negatively affecting growth of the corn gluten meal market in 2020. The prices of corn gluten meal has also been affected due to this pandemic, owing to less demand for corn in livestock feeds in 2020.
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.
By Product Type