Global Statistics Representing Gluten Feed Market Scenario
Gluten feed is high in protein and fibers. The demand for animal feeds is increasing day by day. This can be attributed to increasing adoption of domestic animal, rising disposable income, and rapidly growing domestic animal population worldwide. Most of the livestock grows on feeding systems consisting of a small range of components, or even a single component, which often leads to a low production level if the nutrient levels are not balanced in the feed. Therefore, it is important to maintain all the nutrition contents in their diet. As per the United States Department of Agriculture, Beef exports accounted for 10.6 million tons in 2018 from Brazil, Argentina, and the United States. Growing demand for beef is providing opportunities for major exporters to increase product share in the key markets. In addition, pork exports were 3% higher owing to strong demand in Asia and Latin America. Increasing demand for milk and all dairy products, especially butter and cheese, it is necessary to keep nutritional check of cattle. As per FAO 2018 report, international trade in milk products is estimated to increase by 2.5 percent in 2018 to 73.5 million tons. It is majorly driven by rising imports by China, Algeria, Mexico, and Vietnam.
Global gluten feed market was valued at USD 673.3 million in 2018, growing at a CAGR of 6.8% during the forecast period of 2019–2026.
For a better understanding of the global gluten feed market, we have segmented the market by type, and application.
By type, the market is segmented into wheat, corn, barley, rye and others. wheat is accounting for the largest share of 34.2% in 2018. The growth can be attributed to its high popularity and abundance in compound feed market. Moreover, its increasing cultivation is also favoring its growth as raw material for feed market. High demand from livestock industry, further strengthening its dominance in the market. For instance, Vietnam is one of the world’s top animal feed consuming nations and stands second in Asia after China. In Vietnam, wheat feed witnessed the demand for around 1.8 metric tons (MT) and 2.45 metric tons (MT) in 2018 and 2019 respectively.
Global gluten feed market by Americas, Asia Pacific, Europe, and the Middle East and Africa.
North America is dominating the market and accounted for the highest share in the forecast period. This can be attributed to the high consumption of meat products, hence increasing demand of healthy livestock. To fulfill this requirement, maintaining healthy livestock is a crucial aspect. In addition, the animal feed industry has an economic impact as it generated 944,227 Jobs in 2016. As per the U.S. Feed Industry Statistics, animal feed and pet food manufacturing generated USD 297.1 billion in total sales. In addition, established infrastructure in the region has also contributed to the increased production of animal feed including gluten feed. The U.S. feed industry statistics reported total 6,232 feed mills in the U.S. and the number is increasing to cater to the demand for meat, milk and dairy products. As per the Animal Nutrition Association of Canada, Canada produces over 30 million tons of feed annually. Additionally, in South America livestock is a basic source of food of local populations in. Livestock production systems are the most appropriate social, economic, and cultural strategy for maintaining the welfare of communities. Increasing exports of livestock are boosting the demand for high nutritional animal feed such as gluten feed. As per USDA Foreign Agricultural Service, Brazilian pork exports increased by 5% in 2018. The country exports most of the products to Russia and China. Mexico was the third largest agricultural partner of the U.S. in 2017. Soybeans are generally imported and crushed in Mexico for human consumption and for livestock feed production.
Europe is second leading region in the forecast period. In Europe, the livestock sector is changing at an unprecedented pace. Increased demand from the rapidly growing economies for animal’s derived food has led to increase in livestock production. As per FEFAC, meat and other animal products in the EU in 2017 accounted for around 41% of the total value of the farm production. Animal feed is the most important livestock production cost factor represented up to 60% of the farm gate value of poultry in 2017. Germany is the leading cattle and pig feed producer while France dominates the poultry feed producing segment. Europe has been a big importer of gluten feed to maintain its livestock. As per Oakland Institute, the U.S. exports 3.5 million tons of corn gluten feed worth USD 449 million to EU countries every year.
Middle East & Africa is offering various lucrative opportunities for the market. Increasing urbanization, growing population, and animal-based food preference in the region are contributing to the demand for healthy livestock. Progression of economic development is favoring the consumption of high-value livestock products. However, water shortage and lack of arable land in the Middle East have led to import almost 90% of their food requirements. Majority of rural households in Africa keep animals. As per FAO 2018 report, Africa sheep meat production would increase and contribute up to 26% to the global supply. This increasing livestock production in the region is projected to drive the demand for gluten feed market in the coming years.
Some of the prominent players in the market are Ingredion Incorporated, Roquette Freres, Archer Daniels Midland Company, Tate & Lyle, Cargill Incorporated, Grain Processing Corporation, Bunge Ltd., AGRANA Beteiligungs-AG, Commodity Specialists Company and Tereos S.A.
Gluten Feed Market Segmentation
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