Corn gluten feed is widely used as a protein-rich animal feed for livestock including cattle, pigs and poultry. It provides a cost-effective substitute for corn and soybean meal in animal feed formulations. Corn gluten feed is high in digestible fiber and contains around 20% protein along with important vitamins and minerals. It helps improve feed conversion rates and growth performance while reducing feed costs for livestock producers.
The Global Corn Gluten Feed Market Is Estimated To Be Valued At US$ 8.45 Billion In 2024 And Is Expected To Exhibit A CAGR Of 6.5% Over The Forecast Period 2024 To 2031
Key Takeaways
Key players operating in the Corn Gluten Feed market are Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple Inc. Growing meat consumption globally is driving the demand for high-quality and cost-effective animal feed ingredients such as corn gluten feed. The global meat production is expected to grow by over 70% between 2005 and 2050 mainly attributed to population and income growth in developing countries. Major producers and exporters of corn gluten feed such as the United States and Brazil are expanding their production capacities and international trade to cater to the burgeoning demand globally.
Market key trends
One of the major trends in the Corn Gluten Feed Market Growth is the increasing replacement of conventional feed ingredients such as corn and soybean meal with corn gluten feed in livestock rations. This is due to the positive effects of corn gluten feed supplementation on animal health, feed efficiency and growth performance. Corn gluten feed also helps in regulating the dietary protein levels in animal feed and reducing the overall feed costs for livestock producers. With stringent environmental regulations regarding nitrogen pollution from animal farming, corn gluten feed has gained importance as a sustainable feed ingredient.
Porter’s Analysis
Threat of new entrants: High capital requirements for production facilities and technologies pose significant barriers to entry.
Bargaining power of buyers: There are many buyers for corn gluten feed including cattle, swine and poultry farms which provides them with adequate bargaining power.
Bargaining power of suppliers: Corn is the primary raw material and many suppliers exist which reduces their bargaining power over buyers.
Threat of new substitutes: There exist substitutes like soybean meal but corn gluten feed offers better nutrition levels at competitive prices.
Competitive rivalry: The market has many producers but remains consolidated with a few major players controlling bulk of the supplies.
Geographical Regions
The North American region accounts for the largest share of the Corn Gluten Feed Market Size and Trends in terms of value. This is attributed to the substantial production of corn in countries like the US and availability of wide cattle and poultry farming.
The Asia Pacific region is poised to witness the fastest growth during the forecast period owing to rising meat consumption, growth in animal husbandry and shift towards compound feed over traditional grazing. Countries like China and India are emerging as major producers and consumers of corn gluten feed.
The United States represents the biggest geographical market for corn gluten feed accounting for over 30% of global volumes. Abundant corn cultivation and large livestock industry primarily drives its leadership.
China has surpassed Europe to become the second largest and fastest growing regional market. This is due to expanding meat production to meet growing domestic demand of a burgeoning middle class. Government policies supporting rural development and animal farming additionally support market growth.
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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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