by Corn gluten feed is produced from the process of corn wet milling and contains remaining parts of the corn kernel after the extraction of starch, protein, and germ. It is a viable alternative to corn, soybean meal, and other commodities in animal feed formulations due to its balanced nutritional profile. Corn gluten feed provides protein, fiber, and energy to support growth and production in ruminant and monogastric livestock. With the growing meat consumption worldwide, there is increasing demand for high-quality feed ingredients to fulfill the nutrition requirement of livestock.
The global Corn Gluten Feed Market is estimated to be valued at US$ 87.2 billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030.
Market key trends:
The rising demand for livestock feed is a key factor propelling the growth of the corn gluten feed market. With rapid urbanization and growing disposable income, demand for meat and dairy products is increasing significantly. This is boosting feed production to meet the rising requirements of livestock. Corn gluten feed, being a rich source of protein and fiber, is increasingly used as an alternative to soybean meal and corn in poultry, dairy cattle, beef cattle, and swine feed formulations. As of 2023, over 20% of the total produced corn gluten feed globally is consumed by the livestock feed industry.
SWOT Analysis
Strength: Corn gluten feed has a high protein content, which makes it a good alternative feed ingredient for livestock. It is a cost-effective option compared to other protein sources like soybean meal.
Weakness: The nutritive value and composition of corn gluten feed can vary significantly depending on how it is produced. Excessive moisture content makes it prone to mold and deterioration during storage and transport.
Opportunity: Rising demand for animal protein globally has increased the demand for feed ingredients. Corn gluten feed producers can target developing regions with growing meat consumption and limited domestic feed production.
Threats: Fluctuations in corn prices impact the availability and price of corn gluten feed. Weather conditions affecting corn harvests can threaten supply. Stringent regulations on the use of GMO feed ingredients in certain markets is also a challenge.
Key Takeaways
The Global Corn Gluten Feed Market Size is expected to witness high growth.
Regional analysis: North America dominates the global market currently due to large-scale corn production and advanced feed industry in countries like the US. The Asia Pacific region is projected to be the fastest growing market in the coming years driven by population and economic growth in China and India.
Key players operating in the corn gluten feed market are Archer Daniels Midland, Ingredion Incorporated, Cargill, Tate & Lyle Plc. These companies have a wide distribution network and product portfolios catering to the feed industry. They are focusing on capacity expansions and new product launches to better serve regional demands
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
