Corn Gluten Feed: Market Outlook
Corn gluten feed market is anticipated to witness massive growth opportunities during the forecast period owing to increasing demand protein rich animal feed. Gluten is made up of prolamins and glutelin protein which are obtained from barley, corn and other grains. To sustain protein content in aqua feed and pet feed gluten is used on regular basis. Corn gluten feed is a derivative of wet corn milling manufacturing unit which is also utilized in manufacturing of syrup, oil obtained from corn, starch and sweeteners. Dry and wet corn gluten is excellent feed with numerous applications in dairy and beef cattle industry.
Corn gluten feed consists mostly of maize sheer liquid (liquid removed after a process called steeping) and maize bran but it also includes germ meal; distiller’s soluble, cracked maize screenings, and also small quantity of end-use products obtained from other microbial fermentation.
Corn gluten feed comprises large amount of nutrients such as digestible fiber, minerals, proteins and some other essential components. With increase in animal welfare and growing food safety concerns, there is a shift towards gluten substitute to fishmeal in aquaculture. Moreover, roughly 60%-75% of U.S. corn crop is for direct utilization for livestock, this is expected to amplify the demand for corn gluten feed market in North America. Europe accounts for second largest consumer of corn gluten feed market.
Increasing Demand in Livestock Sector to Boost the Demand of Corn Gluten Feed Market
Speedy industrial growth in feed and livestock sector, have necessitate the application of corn gluten feed that acts as a nutrient enhancer, which is beneficial in providing all essential nutrient required by animals for the optimum growth. With mounting animal wellbeing expenditure and growing awareness concerning corn gluten feed nutritional benefits, the utilization of corn gluten feed is becoming a requirement for retaining animal health and growth.
Moreover, urbanization and growing income in developing nations, has led to an escalation in the global livestock consumption. Inadequate availability of land and water resources for animal feed production and increasing life expectancy has worked as a market driver for corn gluten feed.
Corn Gluten Feed: Market Segmentation
On the basis of nature, corn gluten feed market can be segmented into-
On the basis of application, corn gluten feed market can be segmented into-
- Pet Food
On the basis of processing method, corn gluten feed market can be segmented into-
Corn Gluten Feed: Key Players
The global corn gluten feed market comprises of several global and local players who are mostly focusing on developing safer form of corn gluten feed prominently for animal and aqua feed applications. Some of the key market participants are A.M Food Chemical Co.,Ltd., Progredis LLC, Cargill Inc Shandong Rongfeng Bio-Technology Development Co.,Ltd., Tate & Lyle, Cattle Feed, Oriental Hongda Development Co., Ltd., ADM, HL Agro, Qingyuan Foodstuff Co.,Ltd., Molino La Gamba, Maize Gluten, Bunge Limited., AGRANA Beteiligungs AG and other prominent players.
Opportunities for Global Corn gluten feed market
Worldwide, demand for livestock production has been growing over the past few decades, due to increasing market share of Asia-Pacific countries. With constant varying spending patterns and high purchasing power of customers, Asia Pacific region is expected to grow at a strong growth rate in the coming years, in both production and utilization of animal based products.
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