Gluten Feed Market Report By Market Data Forecast 2024
Added: (Tue Oct 01 2019)
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Gluten feed is an outcome of the process of milling and great fodder for livestock. It generally has proteins, which enrich the food with digestible fiber and minerals that are important for animals. The economic value of gluten feed depends on the comparative price of whole grain with protein feeds. The gluten feed market majorly comprises feed for poultry, cattle, swine, and aquaculture. Healthy livestock requires an adequate quantity of proteins and phosphorus together with the essential dietary fibers. The gluten feed sources primarily include corn, barley, wheat, and rye. The global gluten feed market was valued at USD 0.94 billion in 2019 and expected to be rising with a current CAGR of 5.7% to reach USD 1.24 billion by 2024.
Market drivers and restraints:
The rising concerns relating to environmental impact and sustainability of byproducts that are generated have led to the high call for gluten feed products. There has been a continuous expansion in the call for animal feed, which is nutritious and rich in protein and minerals. This is another key driver for the expansion of the global market. In addition to that, there has been an increase in the health-conscious population along with a special emphasis on the byproducts of animals.
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Report segmented as:
By geography, North America has the highest share of the global gluten feed market and will continue the same in the future. The usage of produced corn crop by livestock is the key factor estimated to fuel the North American market. The U.S. and Canada are estimated to be the key countries that will contribute to the expansion of this regional market.
Important market players:
Some of the key players of the global gluten feed market include Archer Daniels Midland Company, Tate & Lyle, Grain Processing Corporation, Ingredion Incorporated, Cargill Incorporated, Commodity Specialists Company, The Roquette Group, Bunge Ltd., Agrana Group, and Tereos Syral.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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