The market has continued to build up momentum, with the increase in demand for protein in animal feed. Gluten feed is especially popular with producers those are close to processing plants, in order to make transportation cost effective.
According to the report Latin America Gluten Feed market, published by Market Data Forecast, the Market had a value of USD 0.1 billion in 2016 and is forecasted to exhibit a CAGR of 5.73% and reach USD 0.132 billion by 2021. The Gluten Feed market is predicted to showcase evident potential in the given period.
Gluten is a mixture of storage proteins namely prolamins and glutelin, usually found in wheat and other related grains like barley, corn, rye etc. Gluten is added to pet feeds in order to boost their protein content, and thus maintain animal health.
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Gluten feed recently came up as a potential substitute for fish meal in aquaculture feed, resulting in an enormous growth in the market. Other key factors driving the market for Gluten Feed include, strong demand in developing countries for gluten feed and corn gluten feed being used as a cost-effective substitute for the costly grain based feed.
Apart from these drivers, the market has faced some challenges and restraints as well. Some of which are sensitivity to gluten, change in regulations for feed safety in European Union regarding Gm organisms in gluten feed imports, availability of alternatives to local feed and sulfur toxicity which is one of the rising concerns for feed manufacturers.
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The Latin America market for Gluten Feed is classified based on source and livestock. On the basis of source the market segmentation is done into wheat, corn, barley, rye and other.
Under livestock the market is segmented into cattle, poultry, swine, aquaculture and other. The gluten feed market under source segmentation is dominated by wheat and based on livestock segmentation poultry accounts for the highest share in market due to increasing awareness among farmers regarding poultry and adoption of intensive techniques in farming.
On the basis of geographical analysis, the Latin America market is segmented under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
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Some of the major companies dominating the market, by their products and services include The Roquette Group, Ingredion Incorporated, Archer Daniels Midland Company, Tate & Lyle Plc, Bunge Ltd., Cargill Incorporated, Grain Processing Corporation, Commodity Specialists Company, Agrana Group, Tereos Syral
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