Press release
Corn Gluten Feed Market Prospects for Long-Term Value & Growth 2024 - 2031 | Agrana Group, Archer Daniels Midland Company
Corn Gluten Feed Market
Global corn gluten feed market was valued at US$ 6.88 Billion in 2022 in terms of revenue, exhibiting a CAGR of 6.5% during the forecast period (2023 to 2030).
Market Dynamics:
The corn gluten feed market is expected to grow significantly during the forecast period owing to growing demand from China. China is one of the largest producers and consumers of meat globally. Rapid economic growth and rising disposable income in China have boosted the consumption of meat such as pork. This growing demand for meat is driving the need for high-quality animal feed in China. Additionally, African swine fever outbreak in China has resulted in shortage of pork supply in the country. To compensate for this shortage, China has increased import of corn gluten feed to support domestic pork production. The Chinese government's policy and investment to modernize agriculture is also supporting market growth.
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Rising livestock industry fueling demand for corn gluten feed
The cattle, poultry and swine industries have experienced steady growth globally in recent years. As animal agriculture expands to meet rising meat consumption, the demand for high-protein animal feed has also increased substantially. Corn gluten feed is a popular ingredient in livestock rations due to its readily digestible nutrients and favorable price point relative to corn and soybean meal. Statistics show the global cattle inventory grew by over 5% between 2015-2020, while broiler chicken production increased by nearly 14% in the same period. As more livestock are raised for food, farmers and feed producers are utilizing greater volumes of corn gluten feed as a replacement for pricier feedstuffs in ration formulations. The stable growth forecast for meat consumption globally points to continuing strong demand drivers for corn gluten feed well into the future.
Expanding use in aquaculture presenting new commercial opportunities
As the global population grows, so does consumption of seafood protein. Aquaculture has emerged as an important way to meet rising fish and shellfish demand, with production growing quicker than capture fisheries in recent decades. Feed is a major cost factor for aquaculture operations worldwide. Corn gluten feed shows promise as a sustainable protein ingredient that can partially replace fishmeal in aquaculture rations, similarly to how it functions in land animal diets. Early industry research demonstrates certain fish species can utilize corn gluten feed effectively with no adverse health impacts. Successful adoption in commercial aquaculture would open a sizeable new market avenue for corn gluten producers worldwide looking to diversify sales prospects. Increased application testing and education centered on nutritional benefits represents an opportunity area with high growth potential.
Sustainability initiatives redirecting corn production practices
Growing social and regulatory pressures are motivating shifts towards more sustainable agricultural systems globally. Major crop producers are exploring strategies to lessen environmental footprints and dependency on chemical inputs. In the United States and Brazil, two leading corn exporters, government programs now incentivize reduced-tillage practices that improve soil quality and conserve resources long-term. Similarly, plant breeding focus has widened to select corn hybrids suitable for no-till systems. As farmers optimize field cropping techniques, milling recovery rates for corn gluten feed and other byproducts are increasing steadily. Recent lifecycle analyses also show corn production generates lower carbon emissions under minimal soil disturbance best practices. Evolving sustainability priorities within agriculture point to a long-term trend of rising corn gluten feed availability through continuous yield and efficiency gains throughout the corn value chain.
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Top Companies Included in This Report:
★ Agrana Group
★ Archer Daniels Midland Company
★ Bunge Ltd.
★ Cargill Incorporated
★ Commodity Specialists Company
★ Grain Processing Corporation
★ Ingredion Incorporated
★ Tate & Lyle Plc.
★ Tereos Syral
★ The Roquette Group
Market Segmentation:
By Product Type:
★ By Nature: Organic, Conventional
★ By Product Type: Wet corn gluten feed, Dry corn gluten feed
By Applications:
★ By Application: Ruminant animals, Poultry animals, Pet food, Aqua feed, Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Corn Gluten Feed Market by Players
Chapter 4: Market Size of the Corn Gluten Feed Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Corn Gluten Feed Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Corn Gluten Feed industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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