The gluten feed market is evaluated at US$1.058 billion for the year 2020 growing at a CAGR of 6.63% reaching the market size of US$1.658 billion by the year 2027.
The rising awareness regarding the nutritional requirements of livestock is increasing the demand for protein-rich animal feed and is encouraging farmers to increasingly include protein-rich feeds such as gluten feed in the diet of livestock which is anticipated to drive the growth of the gluten feed market during the forecast period. Rising investments by market players to develop novel gluten-feed products which are of high quality yet affordable are expected to further continue to boost the growth of the gluten-feed market in the coming years. Furthermore, the rise in meat consumption is leading to an increased need for raising more livestock, which is surging the demand for overall animal feed and is anticipated to boost the growth of the gluten feed market during the assessment period. The growing aquaculture industry is another factor expected to support the growth of the gluten-feed market in the coming years.
The recent outbreak of the novel coronavirus disease had a negative impact on the gluten feed market. Due to the trade restrictions and lockdowns implemented in various countries to curb the spread of coronavirus, the supply chain was impacted due to a halt in the trade of materials. For instance, the government of India ordered the partial closure of its international ports during the coronavirus peak in 2020 which disrupted the trade in the feed industry and hence the gluten feed market. Furthermore, the pandemic witnessed a decline in the consumption of meat with the shutting down of restaurants and hotels which reduced the demand for animal feed and consequently harmed the gluten feed market.
Rising demand for protein-rich animal feed
One of the prominent reasons for the growth of the gluten feed market is the increased demand for protein-rich animal feed in order to maintain the optimum health of livestock. Gluten feed is rich in protein that is beneficial to digestion and absorption. The awareness regarding the nutritional requirements of livestock has increased among livestock farmers and is expected to have a positive impact on the gluten feed market growth during the forecast period. As a result, according to USDA "Grain Crushings and Co-Products Production" report, the production of corn gluten feed in the United States has increased from 263,218 tons in January 2019 to 286,101 tons in June 2019 and has further increased to 294,074 tons in June 2020.
Rising demand for meat and dairy
The consumption of meat and dairy around the world has been increasing and with the increasing trend in consumption, the demand is constantly rising which is leading the livestock industry to use gluten feed to ensure high-quality meat and dairy products, which is anticipated to propel the growth of feed vitamin market during the forecast period. According to OECD-FAO Agricultural Outlook 2020-2029, global meat production is projected to expand by nearly 40 Mt by 2029, reaching 366 Mt. Overall, the bulk of meat production growth is attributed to developing regions, which will account for 80% of the additional output. It also stated that beef consumption is projected to increase to 76 Mt over the next ten years and to account for 16% of the total increase in meat consumption compared to the base period. Also, global pig meat consumption is projected to increase to 127 Mt over the next ten years and account for 28% of the total increase in meat consumption. According to FAO, the meat consumption of the world was 41.3 kg per capita in 2015 and is projected to increase by around 9.7% to 45.3 kg per capita. Moreover, OECD states that the demand for dairy has been increasing, and to meet the rising demand, there is an increase in global milk production which rose by 1.3% in 2019 to about 852 Mt. India, which is the largest producer of milk in the world, saw an increase in the milk production by 4.2%. OECD estimates that global milk production will increase faster than most other main agricultural commodities, at 1.6% per annum to 997 Mt by 2029. Hence, this rising trend in meat and dairy consumption is anticipated to continue during the forecast period and is expected to propel the growth of the gluten-feed market in the coming years.
North America to hold a significant market share
Geographically, North America is anticipated to hold a major share of the global gluten feed market on account of high awareness about the benefits of gluten feed and the traditionally high consumption of meat in the region, especially in the United States. The Asia Pacific region is projected to witness substantial growth during the forecast period owing to the rising meat consumption in the region with the increase in purchasing power of the consumers. Furthermore, the development in the animal feed industry and the increased awareness and understanding of different kinds of animal feeds are also expected to contribute to the high market growth in the Asia Pacific.
|Market size value in 2020||US$1.058 billion|
|Market size value in 2027||US$1.658 billion|
|Growth Rate||CAGR of 6.63% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Source, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Roquette, Tate & Lyle Plc, AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Commodity Specialists Company, Tereos, Grain Processing Corporation, Cargill, Incorporated, Ingredion Incorporated, Bunge Ltd.|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global gluten feed market?
A1. Gluten Feed Market was valued at US$1.058 billion in 2020.
Q2. What will be the gluten feed market size by 2027?
A2. The gluten feed market is projected to reach a market size of US$1.658 billion by 2027.
Q3. What are the growth prospects for the gluten feed market?
A3. The global gluten feed market is projected to grow at a CAGR of 6.63% over the forecast period.
Q4. Which region holds the maximum market share in the gluten feed market?
A4. North America is expected to hold a significant share of the global gluten feed market on account of high awareness about the benefits of gluten feed and the traditionally high consumption of meat in the region.
Q5. What factors are anticipated to drive the gluten feed market growth?
A5. One of the prominent reasons for the gluten feed market growth is the increased demand for protein-rich animal feed in order to maintain the optimum health of the livestock.
Tate & Lyle Plc
Archer Daniels Midland Company
Commodity Specialists Company
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.