Market Dynamics:

The global corn gluten feed market is primarily driven by rising demand for nutritious and cost-effective animal feed from the burgeoning livestock and poultry industries. CGF is a cheaper alternative to corn and soybean and helps lower feed costs for farmers and producers. According to data, animal agriculture contributes over 40% of global meat production and the demand for animal proteins is projected to increase by 70% by 2050. This growing demand for meat and dairy will propel the consumption of corn gluten feed globally. Another major driver is the ban on antibiotic growth promoters in animal feed by regulatory bodies in North America and EU which has increased focus on plant-based feed ingredients like CGF that enhance gut health and promote growth naturally.

SWOT Analysis

Strength: Corn gluten feed is a highly nutritious feed for livestock. Due to its high protein and vitamin content, it aids in muscle growth and overall health of cattle. Corn gluten feed's moisture absorbing capacity prevents digestive issues in animals. The availability of ample corn production for the extraction of corn gluten feed strengthens its supply chain.
Weakness: The price of corn gluten feed fluctuates in accordance with the price of corn. Since it is extracted from a primary agricultural commodity, any shortage in corn supply impacts the availability of corn gluten feed. The dust particles emitted during processing can cause respiratory issues for workers.
Opportunity: The growing demand for alternative and cost-effective feeds from the rising animal farming industry opens opportunities for corn gluten feed producers. Developing livestock markets in emerging countries of Asia and Africa offer potential opportunities. Product innovation to enhance the nutritional profile through fortification can boost demand.
Threats: Substitution threat from other by-product feeds such as distillers dried grains poses challenges. Fluctuations in corn prices and climatic conditions affecting corn harvests introduce supply uncertainties. Stringent environment protection regulations on corn processing plants may increase compliance costs.

Key Takeaways

The Global Corn Gluten Feed Market Size is expected to witness high growth over the forecast period supported by the expanding cattle industry worldwide.

North America currently dominates the market owing to large-scale corn production and mature cattle farming in the region. The North American corn gluten feed market is projected to grow at a CAGR of around 9% during 2018-2028. Increasing import of high-quality dairy products like milk, whey, and cheese from Europe and North America is fuelling cattle farming in Asia Pacific. Countries such as India, Thailand, and Vietnam are emerging as fast-growing markets for corn gluten feed in the region.

Key players operating in the corn gluten feed market are Archer Daniels Midland, Cargill, Ingredion Incorporated, Tate & Lyle, Grain Processing. Archer Daniels Midland is one of the largest producers of corn gluten feed with a global production footprint. Cargill is another leading player focusing on expanding corn gluten feed sales across major cattle markets.

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