Gluten Feed Market Size, Share, Opportunities, And Trends By Source (Corn, Barley, Wheat, Rye, Maize, Others), By Application (Poultry, Cattle, Swine, Aquaculture, Others), And By Geography - Forecasts From 2024 To 2029
- Published : May 2024
- Report Code : KSI061611858
- Pages : 114
The gluten feed market is evaluated at US$1.238 billion for the year 2022 and is projected to grow at a CAGR of 7.59% to reach a market size of US$2.967 billion by the year 2029.
The production of gluten feed, a byproduct of wet milling maize, is very important to the animal and cattle feed business. It is made by removing the gluten portion from maize while starch and other ingredients are being extracted. Gluten feed is an important component of animal diets because it provides protein, fiber, and some residual starch.
In addition, gluten feed is frequently utilized in feed formulations to enhance the nutritional profile of animal diets and balance nutrient needs. It can be added to several feed forms, such as blended, textured, or pelleted rations, according to the nutritional requirements of various animal species and production methods.
MARKET TRENDS:
The rising awareness regarding the nutritional requirements of livestock is increasing the demand for protein-rich animal feed and is encouraging farmers to increasingly include protein-rich feeds such as gluten feed in the diet of livestock which is anticipated to drive the growth of the gluten feed market during the forecast period. Rising investments by market players to develop novel gluten-feed products that are of high quality yet affordable are expected to further continue to boost the growth of the gluten-feed market in the coming years.
Furthermore, the rise in meat consumption is leading to an increased need for raising more livestock, which is surging the demand for overall animal feed and is anticipated to boost the growth of the gluten feed market during the assessment period. The growing aquaculture industry is another factor expected to support the growth of the gluten-feed market during the forecast period.
MARKET DRIVERS:
- Rising demand for protein-rich animal feed is anticipated to drive the market’s growth.
One of the prominent reasons for the growth of the gluten feed market is the increased demand for protein-rich animal feed in order to maintain the optimum health of livestock. Gluten feed is rich in protein that is beneficial to digestion and absorption. The awareness regarding the nutritional requirements of livestock has increased among livestock farmers and is expected to have a positive impact on the gluten feed market growth during the forecast period.
- Increasing demand for meat and dairy might impact the gluten-feed market growth.
The consumption of meat and dairy around the world has been increasing and with the increasing trend in consumption, the demand is constantly rising which is leading the livestock industry to use gluten feed to ensure high-quality meat and dairy products, which is anticipated to propel the growth of feed vitamin market during the forecast period.
According to OECD-FAO Agricultural Outlook 2020-2029, global meat production is projected to expand by nearly 40 Mt by 2029, reaching 366 Mt. Overall, the bulk of meat production growth is attributed to developing regions, which will account for 80% of the additional output. It also stated that beef consumption is projected to increase to 76 Mt over the next ten years and to account for 16% of the total increase in meat consumption compared to the base period. Also, global pig meat consumption is projected to increase to 127 Mt over the next ten years and account for 28% of the total increase in meat consumption.
Furthermore, the OECD estimates that global milk production will increase faster than most other main agricultural commodities, at 1.6% per annum to 997 Mt by 2029. Hence, this rising trend in meat and dairy consumption is anticipated to continue during the forecast period and is expected to propel the growth of the gluten-feed market in the coming years.
- Growth in the corn processing industry is predicted to boost the market.
The market dynamics for gluten feed are mostly shaped by the maize processing sector. Gluten feed is a byproduct of wet milling maize and is closely related to starch, sugars, and other goods made from corn. The availability and caliber of gluten feed are directly impacted by the growth and effectiveness of the maize processing industry.
Starch and other maize derivatives are produced in greater quantities as a result of the expansion of the corn processing sector, which is fueled by factors including population growth, dietary changes, and industrial demand. As a result, there is a corresponding rise in the amount of gluten feed produced as a byproduct. Comprehensively, there will always be a steady supply of gluten feed available for the animal feed market as long as the maize processing sector is doing well.
RESTRAINTS:
Variations exist in the nutritional composition of gluten feed due to factors such as the type of maize used, how it is processed, and how it is stored which is one of the main restraining factors in the market. For feed makers and livestock producers looking to create consistent feed formulations, this variation in quality and nutritional content might be a concern. Furthermore, variations in the digestibility and energy value of gluten feed might result in inconsistent animal performance. These could be caused by changes in the starch concentration of the feed. Therefore, assuring the consistency and dependability of the gluten feed supply may act as a barrier to the food's broad use in animal diets.
Additionally, competition from alternative feed additives is one of the main issues for the gluten feed industry. There is fierce rivalry for gluten feed to be included in animal diets since there are so many other feed choices available, such as distiller grains, soybean meal, and other oilseed meals. The choice of feed components is influenced by factors including availability, price swings, and nutritional profile, which affect the gluten feed market.
North America is anticipated to be the major regional market.
Geographically, North America is anticipated to hold a major share of the global gluten feed market on account of high awareness about the benefits of gluten feed and the traditionally high consumption of meat in the region, especially in the United States.
Moreover, the Asia Pacific region is projected to witness substantial growth during the forecast period owing to the rising meat consumption in the region with the increase in the purchasing power of consumers. Furthermore, the development in the animal feed industry and the increased awareness and understanding of different kinds of animal feeds are also expected to contribute to the high market growth in the Asia Pacific.
Gluten Feed Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$1.238 billion |
Market Size Value in 2029 | US$2.967 billion |
Growth Rate | CAGR of 7.59% from 2022 to 2029 |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Source
- Corn
- Barley
- Wheat
- Rye
- Maize
- Others
- By Application
- Poultry
- Cattle
- Swine
- Aquaculture
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
Gluten Feed Market was valued at US$1.238 billion in 2022.
The gluten feed market is projected to reach a market size of US$2.967 billion by 2029.
The global gluten feed market is projected to grow at a CAGR of 7.59% during the forecast period.
Asia Pacific is anticipated to hold a significant share of the gluten feed market.
One of the prominent reasons for the growth of the gluten feed market is the increased demand for protein-rich animal feed in order to maintain the optimum health of livestock.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits for the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLUTEN FEED MARKET, BY SOURCE
5.1. Introduction
5.2. Corn
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Barley
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Wheat
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Rye
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
5.6. Maize
5.6.1. Market Trends and Opportunities
5.6.2. Growth Prospects
5.6.3. Geographic Lucrativeness
5.7. Others
5.7.1. Market Trends and Opportunities
5.7.2. Growth Prospects
5.7.3. Geographic Lucrativeness
6. GLUTEN FEED MARKET, BY APPLICATION
6.1. Introduction
6.2. Poultry
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Cattle
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Swine
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Aquaculture
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
6.6. Others
6.6.1. Market Trends and Opportunities
6.6.2. Growth Prospects
6.6.3. Geographic Lucrativeness
7. GLUTEN FEED MARKET, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Source
7.2.2. By Application
7.2.3. By Country
7.2.3.1. USA
7.2.3.1.1. Market Trends and Opportunities
7.2.3.1.2. Growth Prospects
7.2.3.2. Canada
7.2.3.2.1. Market Trends and Opportunities
7.2.3.2.2. Growth Prospects
7.2.3.3. Mexico
7.2.3.3.1. Market Trends and Opportunities
7.2.3.3.2. Growth Prospects
7.3. South America
7.3.1. By Source
7.3.2. By Application
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.1.1. Market Trends and Opportunities
7.3.3.1.2. Growth Prospects
7.3.3.2. Argentina
7.3.3.2.1. Market Trends and Opportunities
7.3.3.2.2. Growth Prospects
7.3.3.3. Others
7.3.3.3.1. Market Trends and Opportunities
7.3.3.3.2. Growth Prospects
7.4. Europe
7.4.1. By Source
7.4.2. By Application
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.1.1. Market Trends and Opportunities
7.4.3.1.2. Growth Prospects
7.4.3.2. Germany
7.4.3.2.1. Market Trends and Opportunities
7.4.3.2.2. Growth Prospects
7.4.3.3. France
7.4.3.3.1. Market Trends and Opportunities
7.4.3.3.2. Growth Prospects
7.4.3.4. Spain
7.4.3.4.1. Market Trends and Opportunities
7.4.3.4.2. Growth Prospects
7.4.3.5. Others
7.4.3.5.1. Market Trends and Opportunities
7.4.3.5.2. Growth Prospects
7.5. Middle East and Africa
7.5.1. By Source
7.5.2. By Application
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.1.1. Market Trends and Opportunities
7.5.3.1.2. Growth Prospects
7.5.3.2. UAE
7.5.3.2.1. Market Trends and Opportunities
7.5.3.2.2. Growth Prospects
7.5.3.3. Israel
7.5.3.3.1. Market Trends and Opportunities
7.5.3.3.2. Growth Prospects
7.5.3.4. Others
7.5.3.4.1. Market Trends and Opportunities
7.5.3.4.2. Growth Prospects
7.6. Asia Pacific
7.6.1. By Source
7.6.2. By Application
7.6.3. By Country
7.6.3.1. China
7.6.3.1.1. Market Trends and Opportunities
7.6.3.1.2. Growth Prospects
7.6.3.2. Japan
7.6.3.2.1. Market Trends and Opportunities
7.6.3.2.2. Growth Prospects
7.6.3.3. India
7.6.3.3.1. Market Trends and Opportunities
7.6.3.3.2. Growth Prospects
7.6.3.4. South Korea
7.6.3.4.1. Market Trends and Opportunities
7.6.3.4.2. Growth Prospects
7.6.3.5. Taiwan
7.6.3.5.1. Market Trends and Opportunities
7.6.3.5.2. Growth Prospects
7.6.3.6. Thailand
7.6.3.6.1. Market Trends and Opportunities
7.6.3.6.2. Growth Prospects
7.6.3.7. Indonesia
7.6.3.7.1. Market Trends and Opportunities
7.6.3.7.2. Growth Prospects
7.6.3.8. Others
7.6.3.8.1. Market Trends and Opportunities
7.6.3.8.2. Growth Prospects
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Roquette
9.2. Tate & Lyle Plc
9.3. AGRANA Beteiligungs-AG
9.4. Archer Daniels Midland Company
9.5. Commodity Specialists Company
9.6. Tereos
9.7. Grain Processing Corporation
9.8. Cargill, Incorporated (Kent Corporation)
9.9. Ingredion Incorporated
9.10. Bunge Ltd.
Roquette
Tate & Lyle Plc
AGRANA Beteiligungs-AG
Archer Daniels Midland Company
Commodity Specialists Company
Grain Processing Corporation
Cargill, Incorporated (Kent Corporation)
Ingredion Incorporated
Bunge Ltd.
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