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Gluten Feed Market Size, Trends And Global Forecast Report 2024 To 2033
Gluten Feed Market
According to The Business Research Company's, The gluten feed market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of the ethanol industry, utilization of by-products from milling industry, efficient use of feed resources, cost-effectiveness of gluten feed, high nutritional value.
The gluten feed market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to global increase in meat consumption, alternative protein source in animal diets, expansion of the biofuel industry, focus on sustainable animal agriculture, integration of gluten feed in ruminant diets. Major trends in the forecast period include research and development in animal nutrition, sustainable animal nutrition solutions, innovation in processing technologies, quality assurance and traceability, collaboration and partnerships.
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Market Drivers and Trends:
The increasing consumption of meat and dairy products is expected to propel the growth of the gluten-feed market going forward. Meat products refer to products that are obtained or formed from animal tissues and used as food, served after cooking, or with the addition of condiments and seasonings. Dairy products or milk products refer to food products obtained or formed from the milk of cows, water buffalo, goats, and ewes. Gluten-rich foods form an essential part of animal diets in the meat and dairy industries, as they supply nutrients needed for high milk production in the dairy industry and provide high protein and other nutrients for strong muscles in animals in the meat industry. For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased by 1.0% to $658.2 million. Furthermore, according to the United Nations Food and Agricultural Organization (FAO), a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, the global meat consumption is expected to increase by 1.7 % per year through 2022. Therefore, the increasing consumption of meat and dairy products is driving the growth of the gluten-feed market.
Product innovations are a key trend gaining popularity in the gluten feed market. Major companies operating in the gluten feed market are focused on developing new solutions to sustain their position in the market. In October 2022, Novozymes, a Denmark-based biotechnology company, launched Frontia Gluten Ex, an enzyme to enable plants to recover 2% more wheat gluten protein from the same number of raw materials. It is the latest innovation made to the Frontia platform by Novozymes, which offers a number of enzymatic solutions to assist grain millers in optimizing their operations. Vital wheat gluten (VWG) is the valuable gluten protein product obtained from the wheat separation process and is used in the baking industry, the aquafeed sector, and plant-based protein products. The new innovative enzyme supports wheat processors to increase their gluten protein recovery by reducing viscosity during their process, which entails better wheat flour separation, and to reduce energy consumption, thereby improving the margins in their process.
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Major Key Players of the Market:
Ingredion Incorporated; Archer Daniels Midland Company; Cargill Incorporated; Tate & Lyle plc; Bunge Ltd.; Grain Processing Corporation; The Roquette Group; Tereos Syral; Commodity Specialists Company; Agrana Group; Nutreco N.V.; Amy's Kitchen Inc.; Bob's Red Mill Natural Foods; Agrium Inc.; Charoen Pokphand Group Co. Ltd.; JBT Corporation; Markel Food Group; Felleskjøpet Rogaland Agder; Parrheim Foods; Puris Foods; Erica Record LLC; Emsland Group; Louis Dreyfus Company B.V.; Conagra grain processing LLC; Associated British foods plc; Sunrise Commodities Limited; CHS inc.; Agrisol; Glanbia plc; United Cooperative Grain Growers
Gluten Feed Market 2024 Key Insights:
• The gluten feed market will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• The Surge In Meat And Dairy Consumption Fueling Gluten-Feed Market Growth
• Companies Revolutionizing Gluten Feed Market With Advanced Solutions For Enhanced Wheat Gluten Protein Recovery
• North America was the largest region in the gluten feed market in 2023
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