Corn Gluten Feed Market Primed for Growth Due to Rising Demand for Animal Feed
The global corn gluten feed market provides high protein content and energy. Corn gluten feed is a co-product of the wet-milling process of corn into products like syrup, oil and starch. It contains vital nutrients needed for livestock including protein, fiber, energy and vitamins.
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. These key players are focusing on product innovation and new product launches to meet increasing demand.
The growing demand for meat products is fueling the Corn Gluten Feed Market Size. Corn gluten feed is a vital ingredient in feed formulations for poultry, cattle and pigs. The high protein content of corn gluten feed enhances meat production.
The corn gluten feed market is expanding globally due to rising consumption in major markets. North America dominates the market followed by Europe and Asia Pacific. The large livestock industries in China and Brazil are driving market growth in developing regions.
Market key trends
The trend of protein enrichment in animal feed is driving the corn gluten feed market. Corn gluten feed contains approximately 20% crude protein which helps meets protein requirements of livestock. Feed producers are incorporating corn gluten feed to boost protein content of animal feed rations without significantly increasing costs. This trend is expected to continue over the forecast period.
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