Persistence Market Research
Corn Gluten Feed Market_Snapshot
Corn gluten feed is a by-product obtained during the manufacturing of corn starch or corn syrup. This is used as animal food due to the higher amount of protein present in it. Along with this, it is easy to digest and has nutrients level equal to that of barley.
Corn gluten can be given to several animals such as swine, poultry, cattle, and aquaculture. It improves health of animals. Rise in number of people preferring one or more pet at their home is a prominent factor projected to fuel the growth of the corn gluten feed market. This is because increase in number of pet populations. Social media plays an important role in spreading the awareness among the consumer. Increasing penetration of smartphone and internet is another factor projected to fuel the growth of corn gluten feed market.
Along with this, rising awareness among consumers, increase in average spending population, and urbanization are some of the prominent factors expected to drive the global gluten feed market.
The significant rise in demands is encouraging farmers to increase the production of livestock production. This in turn is expected to drive the demand for corn gluten feed market .
Further, rising investments by players to develop novel processing techniques that helps to improve the production caption and surge in the supply of high-quality yet affordable corn gluten is anticipated to boost the growth of gluten feed market during the forecast period.
Other than this, growth in the aquaculture industry and rise in number of players offering corn gluten are expected to support the growth of corn gluten feed market in the fourth coming years.
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
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