Corn Gluten Feed Market, by Nature (Organic, Conventional), by Product Type (Wet corn gluten feed, Dry corn gluten feed), by Application (Ruminant animals, Poultry animals, Pet food, Aquafeed, Others), by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Corn gluten feed (CGF) is a co-product obtained from wet-corn milling industry. The wet corn milling industry manufactures starch, sweeteners, syrup, and oil from corn. The corn gluten feed is an excellent feedstuff and is widely used in the beef and dairy cattle industry. Corn gluten feed has numerous nutrients such as minerals, proteins, digestible fiber, and essential components.
Market Dynamics
The growth of the global corn gluten feed market is attributable to its nutritional composition and expanding applications in animal feed industry. The growth of the corn gluten feed market is also attributable to the increasing production of compound and commercial feed. Corn gluten feed has rich protein and fiber ingredients, which provide nutrients for better growth and improved health. Corn gluten feed has similar protein source as soybean meal and higher digestible energy, protein, and phosphorus.
Corn gluten feed is witnessing huge demand across the globe, especially with the increasing demand from animal feed industry and the increasing meat consumption. Increasing consumer knowledge on animal feed and prevention against diseases caused by meat consumption such as bird flu, etc. and growing meat industry in Asia Pacific and Europe are key factors driving growth of the global animal feed industry market, which in turn is driving growth of the corn gluten feed market. For instance, according to the U.S. Food & Agricultural Organization (FAO), the per capita consumption of poultry products was pegged at 48.7 kg and 44.1 kg in Malaysia and Australia, respectively, in 2018. These factors are expected to drive demand for poultry in Asia Pacific during the forecast period (2020-2027).
Major players operating in global corn gluten feed market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group.
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