CORN GLUTEN FEED MARKET ANALYSIS

Global corn gluten feed market was valued at US$ 6.88 Billion in 2022 in terms of revenue, exhibiting a CAGR of 6.5% during the forecast period (2023 to 2030).

Drivers

• Increasing pet health awareness

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

• Corn gluten meal is being used as a result of increased pet health awareness, which has aided market expansion significantly.

Corn gluten meal is considered a nutritious livestock feed because it contains proteins that make the feed rich in indigestible fibers and minerals required by animals. There are greater concerns regarding animal health because of the numerous infectious diseases that animals are currently suffering from. More than 60% of animals today suffer from infectious diseases, prompting the adoption of corn gluten meal in the animal business since it provides a balanced diet and minimizes the risk of illness. In recent years, the global animal feed market has expanded dramatically. Animal feed is one of the most important and critical components in providing stable, affordable, and sufficient animal proteins in the world food supply.

Market Restraints

• Stringent rules and regulations

The growth of the corn gluten feed market is restrained by several factors such as the presence of alternatives to local feed, sensitivity to gluten, and changes in regulations for feed safety in the European Union regarding the rising imports of Genetically Modified (GM) bacteria in gluten feed.

Market Trends

The production of compound feed as well as commercial feed is rapidly increasing which is expected to boost the 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 soybean meal as a protein source and high in digestible energy, protein, and phosphorus. The dry corn gluten feed market is predicted to increase significantly in the worldwide corn gluten feed industry due to the fact that dry CGF is generally pleasant and easily digested by cattle. Therefore, the global corn gluten feed market is expected to witness significant growth in the near future.

Market Opportunities

• Escalating need to replace more expensive, chemically processed regular feed

A rising number of people are choosing corn gluten meal over conventional livestock and aquatic feed. This is because, when compared to other chemically processed feeds, the feed offers a superior non-toxic feed products. Because it is less expensive than aquaculture meal, it is quickly gaining appeal as a alternative.

Market segment

Figure 1. Global Corn Gluten Feed Market, by Region, in 2022

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Asia Pacific dominated the 1. Global Corn Gluten Feed Market in 2022, accounting for 37.30% share in terms of value, followed by Europe and North America respectively.

 Figure 2. Global Corn Gluten Feed Market, by Application, in 2022

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Among product type, in 2022, the dry corn gluten feed segment accounted for the largest market share of 67.6% in terms of value, followed by the wet corn gluten feed market.

Global Corn Gluten Feed Market - Impact of Coronavirus (COVID-19)

The COVID-19 pandemic 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.

Key Developments

• 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 gluten product demand significantly.
• In February 2022Feed millers could employ a NIR-based technology to maximize the usage of high-value raw materials, Si-Ware. FT-NIR spectral scanning technology would make it possible to measure the protein and nutrient content of raw materials, enabling real-time decisions to maximize feed production and lower input costs. According to the business, the cost of input raw materials like soybean meals and corn gluten meals is rising, which will eventually result in cost savings.
• In February 2022, Gujarat Ambuja Exports, an manufacture and distributer announced to build a brand-new corn wet milling facility in Uttarakhand, India. The corn wet milling plant is being built for the production of sorbitol, maltitol, and mannitol, as well as starch and starch derivatives. After plant UNIT-III is operational, the company's capacity, which was roughly 750 tons per day before, will increase to 1,750 tons per day. The price for the same is estimated to be between $ 60473970, and it will be paid through internal accruals.

Competitive Section

The 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.

*Definition – The animal feed industry has been experiencing significant growth in the recent past globally. Animal feed significantly contributes to the global food industry. Gluten Feed is considered as an essential component to ensure safe, ample, and affordable animal proteins.