Drivers
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 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
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 Opportunities
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.
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