Daten aus dem Cache geladen. Corn Gluten Feed Market to Witness Substantial Growth due to...

Corn Gluten Feed Market to Witness Substantial Growth due to Increasing Demand for Animal Feed Supplements

0
1Кб

The global corn gluten feed market is witnessing a steady growth due to its increased adoption in animal feed supplements as a protein-rich alternative to soybean and fish meals. Corn gluten feed is a co-product of the corn-wet milling process that produces corn syrup, high fructose corn syrup, and dextrose. It is made from leftovers of corn after removing starch. Corn gluten feed is considered an economical source of protein in animal feed rations. It contains 20-30% of crude protein that includes multiple amino acids making it a viable replacement for soybean and fish meals.

The Global corn gluten feed market is estimated to be valued at US$ 8.45 Bn in 2024 and is expected to exhibit a CAGR of 12% 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.
The key opportunities in the global corn gluten feed market include its rising usage as a sustainable and affordable alternative to conventional protein sources as well as focus on expanding production capacities. Manufacturers are focusing on increasing the production of corn gluten feed through capacity expansion projects, especially in Asia Pacific and North America where the demand is rising rapidly.
The growing animal feed industry across the globe coupled with shift towards natural feed ingredients over antibiotics is supporting the growth of the corn gluten feed market. Countries like China, the U.S., Brazil, and India offer lucrative growth opportunities owing to large livestock populations and rising meat consumption in these regions.

Market Drivers

The major market driver for increasing demand of corn gluten feed is its economical cost as compared to conventional protein sources like soybean and fish meals. Corn gluten feed Market Size provides comparable nutritional value at lower prices. As the production of biofuel ethanol from corn starch increases globally, the supply of corn gluten feed as a co-product also rises, keeping its prices low. This makes it an attractive proposition for animal feed producers to use corn gluten feed without significantly increasing their input costs.

PEST Analysis
Political: Corn gluten is fed to livestock, so any changes in agricultural policies or subsidies could impact demand. Farm bills and trade policies also influence commodity prices and exports.

Economic: A strong economy increases demand for meat and dairy, boosting demand for corn gluten feed. High commodity prices make it a cost-effective alternative tocorn. Inflation and energy costs affect feed production.

Get more insights on This Topic- Corn Gluten Feed Market

Поиск
Категории
Больше
Другое
Wireless Mouse Market Insights, Statistics, Trends and Forecast Report by 2033
Wireless Mouse Market Insights, Statistics, Trends and Forecast Report by 2033 The Wireless...
От Dev Sparkstr 2024-11-25 08:45:51 0 90
Другое
Radar Sensor Market to Witness Steady Development During 2021-2030
Our analysts are monitoring the situation globally to help you understand how COVID-19 will...
От healthcare P05 2023-03-16 04:44:24 0 2K
Игры
Buy FC 25 Coins with Instant Delivery on Xbox - No Verification Required!
Buy FC 25 Coins with Instant Delivery on Xbox - No Verification Required! If you're a dedicated...
От Minorescu Jone 2024-10-31 15:50:32 0 135
Food
Truffle Oil Market Procurement Intelligence, Best Practices, Engagement Model, Analysis Report, 2023-2029
Truffle Oil Market Report Overview: The primary goal of MMR’s “Truffle...
От Swati Lavate 2024-07-30 12:00:28 0 588
Другое
Blow-Molded Plastic Market Demand, Future Industry Growth Analysis 2033
The global blow-molded plastic market is set for impressive growth, driven by its...
От Niranjan Krade 2024-06-27 20:53:59 0 594