Corn gluten feed is primarily used as animal feed for cattle, poultry and swine. It is a co-product of the corn wet milling process in which the corn kernel is separated into its three main components: starch, germ and gluten. The gluten is the protein-rich portion of the corn and comprises 10-15% of the kernel. After the starch is removed to make items like corn syrup, the remaining mixture of bran, germ and small amount of gluten is called corn gluten feed. It is an economical option for animal feed as it contains moderate levels of protein ranging between 18-24% and energy at 0.9 Mcal/lb. Since corn gluten feed is affordable and nutrient-dense, it is widely used as a substitute for corn and soybean meal in cattle feed rations.
The global corn gluten feed market is estimated to be valued at US$ 17.5 billion in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing demand for animal feed from rising meat consumption is expected to drive the corn gluten feed market over the forecast period. According to a report from the United Nations’ Food and Agriculture Organization, global meat consumption is projected to increase by over 70% between 2010 and 2050. This rising demand for meat will necessitate higher feed production to support livestock growth. Corn gluten feed is a popular animal feed ingredient due to its attractive price point and acceptable nutritional value. Additionally, an increasing focus on aquaculture is also fueling corn gluten feed consumption. Fish farming is an expanding area that relies heavily on commercial feed supplies. Corn gluten feed is used as a protein supplement in fishmeal-based diets. The growth of aquaculture industry thus creates new opportunities for corn gluten feed producers and boosts market growth.
Segment Analysis
The corn gluten feed market is dominated by the ruminant animal feed segment. Due to its protein content, corn gluten feed is a cost effective alternative to soybean meal and helps meet the protein requirement of ruminants such as cattle and dairy cows. It is widely used in beef cattle feed, dairy cattle feed and others. The ruminant animal feed segment accounts for over 70% of overall demand for corn gluten feed.
PEST Analysis
Political: There are no significant trade barriers or import restrictions imposed on corn gluten feed internationally. Many countries provide subsidies to corn producers which helps maintain steady supply of corn gluten feed.
Economic: Rising meat consumption across developing nations is driving demand for animal feed including corn gluten feed. Growth in dairy industry further augments the consumption of corn gluten feed. However, fluctuations in corn prices impact the cost of corn gluten feed.
Social: Population growth and rising living standards across Asia Pacific and Latin America are increasing the demand for protein rich animal-based food items. This positively influences the consumption of corn gluten feed.
Technological: Advancements in feed processing technology have improved the nutrient distribution and digestibility of corn gluten feed for animals. Production of high-protein corn varieties also enhances the protein content of corn gluten feed.
Key Takeaways
The Global Corn Gluten Feed Market Growth is expected to witness high.
North America currently dominates the market due to large scale meat and dairy industries in the region. Countries like the US and Canada are the largest producers as well as consumers of corn gluten feed. The Asia Pacific region is projected to be the fastest growing market for corn gluten feed owing to growing meat consumption in China and India.
Key players operating in the corn gluten feed market are Tate & Lyle, Sodrugestvo Group, Agridient, Prorich Agro Foods, Santosh Limited, Pawar Agro Industries, Commodity Specialists Company, Paramesu Biotech Private Limited, Maize, Meihua Group.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
