Global Gluten Feed Market Size 2024, Forecast To 2033
6 Mar, 2024
The gluten feed market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to expansion of the ethanol industry, utilization of by-products from milling industry, efficient use of feed resources, cost-effectiveness of gluten feed, high nutritional value. The gluten feed market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to global increase in meat consumption, alternative protein source in animal diets, expansion of the biofuel industry, focus on sustainable animal agriculture, integration of gluten feed in ruminant diets. Major trends in the forecast period include research and development in animal nutrition, sustainable animal nutrition solutions, innovation in processing technologies, quality assurance and traceability, collaboration and partnerships.
Global Gluten Feed Market Key Driver
The increasing consumption of meat and dairy products is expected to propel the growth of the gluten-feed market going forward. Meat products refer to products that are obtained or formed from animal tissues and used as food, served after cooking, or with the addition of condiments and seasonings. Dairy products or milk products refer to food products obtained or formed from the milk of cows, water buffalo, goats, and ewes. Gluten-rich foods form an essential part of animal diets in the meat and dairy industries, as they supply nutrients needed for high milk production in the dairy industry and provide high protein and other nutrients for strong muscles in animals in the meat industry. For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased by 1.0% to $658.2 million. Furthermore, according to the United Nations Food and Agricultural Organization (FAO), a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, the global meat consumption is expected to increase by 1.7 % per year through 2022. Therefore, the increasing consumption of meat and dairy products is driving the growth of the gluten-feed market.
Get A Free Sample Of The Global Gluten Feed Market ReportGlobal Gluten Feed Market Segments
The gluten feed market covered in this report is segmented –
1) By Source: Wheat, Corn, Barley, Rye, Maize, Other Sources
2) By Nature: Organic, Conventional
3) By Application: Swine, Poultry, Cattle, Aquaculture, Equine, Pet Animals
By Geography:The regions covered in the gluten feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the gluten feed market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global gluten feed market during the forecast period. The regions covered in the gluten feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Gluten Feed Industry Players
Ingredion Incorporated, Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle plc, Bunge Ltd., Grain Processing Corporation, The Roquette Group, Tereos Syral, Commodity Specialists Company, Agrana Group, Nutreco N.V., Amy’s Kitchen Inc., Bob’s Red Mill Natural Foods, Agrium Inc., Charoen Pokphand Group Co. Ltd., JBT Corporation, Markel Food Group, Felleskjøpet Rogaland Agder, Parrheim Foods, Puris Foods, Erica Record LLC, Emsland Group, Louis Dreyfus Company B.V., Conagra grain processing LLC, Associated British foods plc, Sunrise Commodities Limited, CHS inc., Agrisol, Glanbia plc, United Cooperative Grain Growers
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Gluten Feed Market Overview
Gluten feed refers to a by-product of the production of wheat, corn, barley, rye, maize starch and its syrup. It is a medium-protein diet that has a level of total digestible nutrients which is close to the amount of barley.
Gluten Feed Global Market Report 2023 provides data on the global gluten feed market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gluten feed market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.