Gluten Feed Market is predicted to show rapid growth in coming years. The reasons driving progress in the market comprise, potential substitute for fish meal in aquaculture food, corn feed being used as a cost-effective substitute for the exclusive grain based feed and robust demand in market. Gluten is a composed of proteins such as, prolamins and glutelin which are found in wheat and other grains such as barley, rye and corn. The global aqua feed market size is likely to reach USD 135 billion by 2024. It is regularly used in pet feed and aquafeed to maintain protein content which helps them in sustaining animal health.
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Gluten feed is attained as a byproduct during manufacturing of corn starch and corn syrup. These are chiefly used in feed owing to its cost efficiency and raw material availability for the manufacturing. Corn starch one of the major product is used for many industrial purposes and is likely to reach 1.05 billion metric tons at the end of foreseeable timeframe. It is used in making corn syrup and bioplastics., thereby driving the product growth.
Global corn gluten feed market size is predicted to grow with a rapid pace with foreseeable time frame. The global industrial starch market demand may surpass USD 105 billion by 2025 as it is widely used in manufacturing starch. It is then used as a feed improver in cattle diets which act as a source of protein and energy making it easier to digest, thereby driving the product growth.
Increasing demand for gluten feed products in animal feed may further stimulate the product growth. Global animal feed market size was valued at over USD 35 billion in 2018. The product is widely used in animal feed including ruminants, aquaculture, pets and poultry as they offer rich protein content, longer shelf life, purity and significant amount of nutrition which enhances digestibility, thereby inducing gluten feed product demand.
Growing food safety concerns increase in animal welfare outlay, and growth in practice of gluten feed as a substitute to fishmeal in aquaculture and increasing demand for protein-rich animal feed are expected to fuel the market size over the forecast period. Furthermore, rise in the income level, preference for healthy meat and livestock products and cost-effectiveness of gluten feed products act as a major driver to stimulate the overall industry growth. However, lack of responsiveness about the product in certain regions, adverse reactions associated with the gluten, rigorous guidelines about the safety, and presence of another protein feed are projected to hinder the development of the product over the forecast period.
North America led by, Canada and the U.S. gluten feed market demand may show a significant growth in the predictable time frame. Increasing meat consumption in the region and strict regulation regarding the quality meat products act as a major driver which induce gluten feed market demand. Furthermore, growing concern over protein and corn rich food supplements may foster the regional industry growth.
Europe gluten feed market demand driven by Germany, UK and France may witness moderate growth over the forecast timeframe. Increasing investment by manufacturers to develop novel products which are affordable may further drive the regional market growth. Furthermore, increasing demand for protein rich animal feed products is likely to upsurge livestock production which may drive the market demand.
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Asia Pacific led by, Japan, India, China gluten feed market size may show rapid advancement in the growth of product demand. Asia Pacific aquafeed market size was valued at over USD 30 billion in 2018. Aquafeed is one of the vital source to aquaculture industry owing to its immune resistant, nutritional content and growth properties. Gluten feed product provides vital supplements such as high nutritional values, digestibility and increase intestinal function in tilapia, shrimp and trout’s, thereby driving the regional industry growth.
Consumer insight of gluten feed products is expected to act as a key driver for the product market. Furthermore, stringent regulation regarding feed safety standards and availability of alternative protein feed is likely to hinder the market growth over the forecast timeframe. Key players functioning in global gluten feed market include Cargill, Tate & Lyle, Agrana and Roquette. Companies are adopting strategies and technical advancement to provide more gluten free products which will benefit the consumer.