The Gluten Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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In accordance with The Business Research Company’s Gluten Feed Global Market Report 2024, the gluten feed market has exhibited robust growth in recent years, surging from $1.15 billion in 2024 to a projected $1.23 billion by the same year, boasting a commendable compound annual growth rate (CAGR) of 7.3%. This remarkable expansion in the historical period can be ascribed to the burgeoning ethanol industry, adept utilization of milling industry by-products, judicious use of feed resources, the cost-effectiveness of gluten feed, and its inherent high nutritional value.
Forecasts for the gluten feed market indicate a resilient trajectory, poised to burgeon to $1.6 billion by 2028, showcasing a noteworthy CAGR of 6.8%. The anticipated growth in the forecast period can be attributed to the escalating global meat consumption, the emergence of gluten feed as an alternative protein source in animal diets, the burgeoning biofuel industry, an unwavering focus on sustainable animal agriculture, and the seamless integration of gluten feed in ruminant diets. Prominent trends in the forecast period encompass pioneering research and development endeavors in animal nutrition, sustainable solutions for animal nutrition, innovative advancements in processing technologies, stringent quality assurance, traceability measures, and collaborative partnerships.
The increasing consumption of meat and dairy products is expected to propel the growth of the gluten-feed market going forward. Meat products refer to products that are obtained or formed from animal tissues and used as food, served after cooking, or with the addition of condiments and seasonings. Dairy products or milk products refer to food products obtained or formed from the milk of cows, water buffalo, goats, and ewes. Gluten-rich foods form an essential part of animal diets in the meat and dairy industries, as they supply nutrients needed for high milk production in the dairy industry and provide high protein and other nutrients for strong muscles in animals in the meat industry. For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased by 1.0% to $658.2 million. Furthermore, according to the United Nations Food and Agricultural Organization (FAO), a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, the global meat consumption is expected to increase by 1.7 % per year through 2022. Therefore, the increasing consumption of meat and dairy products is driving the growth of the gluten-feed market.
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The gluten feed market covered in this report is segmented –
1) By Source: Wheat, Corn, Barley, Rye, Maize, Other Sources
2) By Nature: Organic, Conventional
3) By Application: Swine, Poultry, Cattle, Aquaculture, Equine, Pet Animals
Top 5 Major Players:
A pivotal trend gaining traction in the gluten feed market is product innovation. Leading entities in the market are fervently engaged in crafting novel solutions to fortify their market standing. Noteworthy among these initiatives is the October 2022 launch by Novozymes, a Denmark-based biotechnology titan. They introduced Frontia Gluten Ex, an enzyme designed to enhance wheat gluten protein recovery by 2% from the same raw materials. This cutting-edge addition to the Frontia platform by Novozymes offers a suite of enzymatic solutions, empowering grain millers to optimize operations. Vital wheat gluten (VWG), a prized gluten protein product derived from the wheat separation process, finds applications in the baking industry, aquafeed sector, and plant-based protein products. The innovative enzyme facilitates wheat processors in augmenting gluten protein recovery, reducing viscosity during processing for improved wheat flour separation, and curbing energy consumption—ultimately enhancing profit margins in their operational processes.
The gluten feed market report table of contents includes:
1. Executive Summary
2. Gluten Feed Market Characteristics
3. Gluten Feed Market Trends And Strategies
4. Gluten Feed Market – Macro Economic Scenario
5. Global Gluten Feed Market Size and Growth
….
31. Global Gluten Feed Market Competitive Benchmarking
32. Global Gluten Feed Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Gluten Feed Market
34. Gluten Feed Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Gluten Feed Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Gluten Feed Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Gluten Feed Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Archer Daniels Midland Company Financial Performance
Table 76: Cargill Incorporated Financial Performance
Table 77: Tate & Lyle plc Financial Performance
Table 78: Bunge Ltd. Financial Performance
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