CORN GLUTEN FEED MARKET ANALYSIS

Market News

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.