Persistence Market Research
Corn Gluten Feed Market Introduction:
Animal feed industry has been witnessing significant growth in the recent past years globally. Animal feed play an essential role in the worldwide food industry and feed is one of the largest and most important component to ensure safe, ample and affordable animal proteins. Corn gluten feed (CGF) is a co-product obtained from wet-corn milling industry which is engaged in manufacturing of starch, sweeteners, syrup, and oil from corn. Wet and dry corn gluten feed represents an excellent feedstuff with wide application in the beef and dairy cattle industry. Corn gluten feed is composed of tremendous amount of nutrients such as minerals, proteins, digestible fiber and essential components. The global corn gluten feed market is expected to witness significant growth in the near future attributable to its excellent nutritional composition and expanding applications in animal feed industry.
Corn Gluten Feed Market Segmentation:
The global corn gluten feed market is segmented on the basis of nature, product type, and region. On the basis of nature, the global corn gluten feed market is segmented into, organic and conventional. Due to rising demand for natural and organic alternatives the natural segment is expected to depict the considerable growth in the global corn gluten feed market. By form the global corn gluten feed market is segmented into, wet corn gluten feed and dry corn gluten feed. Dry corn gluten feed is the most common type of corn gluten feed available in the southeast and is available either as a meal or pellets. Wet corn gluten feed has superior functionalities over the dry corn gluten feed, however, potential transportation and storage challenges can limit their use. Therefore, wet corn gluten feed is usually distributed in the nearby maize processing plants. By application the global corn gluten feed market is segmented into, ruminant animals, poultry animals, pet food, aquafeed and others.
Corn Gluten Feed Market Regional Outlook:
On the basis of the region the global corn gluten feed market is segmented into, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and the Middle East and Africa. As per estimations, approximately 60% of the U.S. corn crop is meant for direct utilization by livestock, however, application of corn in food and beverages represents the second largest growing market. This is expected to fuel the corn gluten feed market in North America. Furthermore, increasing animal feed industry across the globe will add to the accelerated market revenues in the global corn gluten feed market over the forecast period. After North America, Europe is the largest consumer of corn gluten feed followed by South Korea and Japan.
Corn Gluten Feed Market Drivers and Trends
The production of compound feed as well as commercial feed is rapidly increasing which is expected to contribute towards the growing market for corn gluten feed market. Corn gluten feed is a protein rich and fiber rich ingredient containing significant amount of nutrients for better growth and improved health. Corn gluten feed is equivalent to the soybean meal as a protein source and high in digestible energy, protein and phosphorus. Dry corn gluten feed market is expected to witness significant market revenues in the global corn gluten feed market as dry CGF is generally palatable and readily digested by cattle. The global corn gluten feed market is expected to witness significant growth in the near future.
Corn Gluten Feed Market Key Players:
Key player operating in the global Corn Gluten Feed market includes Tereos Starch & Sweeteners, Gulshan Polyols Ltd, Grain Processing Corporation, Roquette, Ingredion Incorporated, Cargill Incorporated, Tate & Lyle PlC., Bunge Ltd. Agrana Group and others. The report covers exhaustive analysis on:
Regional analysis for Corn Gluten Feed market includes
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.