Corn gluten feed is an affordable animal feed ingredient obtained as a by-product of corn processing. It contains various nutrients such as energy, protein, minerals, and vitamins essential for animals. Corn gluten feed provides a cost-effective alternative to corn and soybean meal in animal diets.
The global Corn Gluten Feed Market is estimated to be valued at US$ 43.2 billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for animal feed from the animal feed industry has accelerated the growth of the corn gluten feed market. Corn gluten feed contains high amounts of fiber, energy, and protein making it an integral constituent of animal feed. It serves as a substitute for corn and helps reducing the overall feed cost for livestock owners. Furthermore, corn gluten feed also improves the digestive health of animals and promotes better nutrient absorption. The growing meat consumption worldwide has increased the demand for animal feed globally which has positively impacted the sales of corn gluten feed over the recent years.
Segment Analysis
Corn gluten feed is a dominant sub-segment in the corn gluten feed market. Corn gluten feed is a co-product of the wet milling process of corn and is commonly used as animal feed, especially for beef cattle and dairy cattle. It contains higher protein levels than other choices like hay or grass, making it a cost-effective option for feeding livestock. Its protein content ranges between 18-25%, depending on growing conditions and milling process parameters. Being high in energy and protein value, corn gluten feed is often mixed with forages and grain to provide a balanced, affordable ration for cattle.
Key Takeaways
The Global Corn Gluten Feed Market Demand is expected to witness high growth over the forecast period supported by rising demand for animal feed worldwide.
Regional analysis: North America dominates the corn gluten feed market currently due to large-scale corn production in the region, especially in the US. Countries like the US, Canada, and Mexico are major producers as well as consumers of corn gluten feed. The Asia Pacific region is expected to register the fastest growth in demand for corn gluten feed owing to rapidly growing meat consumption and increasing livestock production in China and India.
Key players: Key players operating in the corn gluten feed market are Tate & Lyle PLC, Cargill Inc., Archer Daniels Midland Company, Ingredion Incorporated. These players are focusing on capacity expansion strategies to further strengthen their position in the global market. For instance, Cargill recently expanded its corn milling plant in Eddyville, Iowa to improve production of corn gluten feed and other co-products.
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