The Global Gluten Feed Market was worth USD 0.84 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 1.104 billion by 2021
According to the report Global Gluten Feed market, published by Market Data Forecast, the Market was worth USD 0.84 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 1.104 billion by 2021. The Gluten Feed market is showcasing immense potential in the mentioned forecast period.
The market continues to build up momentum, with the rise in demand for protein in the animal feed. Gluten feed is typically popular with producers who are close by to processing plants in order to make transportation cost effective.
Gluten is a composition of storage proteins namely glutelin and prolamins, generally found in wheat and other related grains like barley, rye, corn. Gluten is added to feeds for pet in order to enhance the protein content, and as a result maintain animal health.
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Gluten feed has recently come up as a potential substitute for fish meal in aquaculture feed, resulting in a significant growth in the market recently. Other major factors driving the market for Gluten Feed include, strong demand for gluten feed in developing countries and corn gluten feed being used as a cost-effective substitute for the expensive grain based feed.
Apart from the drivers, the market has also been facing some challenges and restraints. Some of them are sensitivity to gluten, availability of alternatives to local feed, change in regulations for feed safety in European Union regarding Gm organisms in gluten feed imports and sulfur toxicity which is a rising concern for feed manufacturers.
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The Global Gluten Feed market is segmented by source and livestock. On the basis of source the market segmentation is done into corn, barley, wheat, rye and others.
In livestock, the market segmented into cattle, poultry, swine, aquaculture and other. The market based on source segmentation is dominated by wheat and based on livestock segmentation poultry accounted for the largest share in market due to increasing awareness among farmers regarding poultry and adoption of intensive farming techniques.
On the basis of geographical analysis, the global market is segmented under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Gluten Feed market was dominated by Europe, with the overall market share of over 35% globally.
Europe was followed by Asia-Pacific and North America. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Asia-Pacific market is expected to show rapid growth in the years to come.
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Some of the major companies dominating the market, by their products and services include Ingredion Incorporated, The Roquette Group, Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle Plc, Bunge Ltd., Grain Processing Corporation, Agrana Group, Commodity Specialists Company, Tereos Syral
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