Corn gluten feed is a co-product of corn processing that provides necessary protein and energy for ruminant animals while reducing feed costs. It has high protein content and aids in improving milk production and growth rates in cattle and other livestock. Corn gluten feed effectively replaces corn and soybean meal as the main protein source in animal diets.
The Global Corn Gluten Feed Market is estimated to be valued at US$ 7.81 Bn in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the corn gluten feed market are Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple Inc. These players are focusing on developing advanced organic feed technologies and introducing innovative product offerings to expand their market share.
The rising awareness about the benefits of organic feeds presents significant growth opportunities for Corn Gluten Feed Market Demand manufacturers. The market is also driven by the rising demand for animal proteins and adoption of sustainable farming practices. Technological advancements in feed processing technologies have further enhanced the quality and nutritional profile of corn gluten feed.
Market Drivers
The rapid growth of the global livestock industry is a major driver boosting the demand for corn gluten feed. According to the United Nations Food and Agriculture Organization, the global livestock population is projected to increase considerably by 2050 to meet the growing demand for animal proteins. This growing demand for meat and dairy products worldwide is motivating farmers and feed producers to adopt organic feed alternatives like corn gluten feed to maximize production and maintain the health of livestock. Corn gluten feed effectively improves animal performance while reducing the environmental impact of livestock farming. This is expected to propel the corn gluten feed market during the forecast period.
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