Published by Coherent Market Insights
Posted on September 20, 2021
The global corn gluten feed market accounted for around US$ 7,024.0 billion, in terms of value, in 2019 and it is expected to exhibit a CAGR of 4.1% during the forecast period (2020-2027).
The corn gluten feed market is expected to experience huge growth opportunities, owing to the growing poultry industry and increasing demand for animal feed. Increasing production and consumption of poultry meat compared to other meat products is expected to drive growth of the global poultry market during the forecast period, which in turn will drive growth of the corn gluten feed market. For instance, according to the National Chicken Council Statistics published in September 2019, the per capita consumption of total red meat was 92.4 pounds, whereas per capita consumption of poultry meat was 110.0 pounds in 2018, across the globe.
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Key players operating in the global corn gluten feed market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group among others.
The corn gluten feed market has huge growth opportunities with its increasing demand from aquaculture. Growing aquaculture industry and rising global demand for sea food are driving growth of the corn gluten feed market. For instance, according to the National Oceanic and Atmospheric Administration (NOAA), in 2016, the value of fish landings in the U.S accounted for US$ 5.3 billion, an increase of over 2.1% than the previous year. Some of the major leading markets for seafood in Europe are the U.K., France, Italy, Germany, and Spain.
Corn Gluten Feed Market – Impact of Coronavirus (Covid-19) Pandemic
The global corn gluten feed market is largely impacted by COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus. The lockdowns have resulted in shutting-down of businesses and ceasing of almost all economic activities.
Key Takeaways:
Amongst all the product types, the wet corn gluten feed segment is expected to experience significant growth opportunities over the forecast period. The wet corn gluten feed is produced by using the wet-milling process. The wet-milling process is designed to extract maximum output from each component of the corn kernel. The process involves soaking the corn kernels in large tanks called steep tanks in a dilute aqueous sulfur dioxide solution, followed by removing the germs, which is further processed to remove the high-value corn oil.
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Market Taxonomy
Contact Us:
Mr. Shah
Coherent Market Insights
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#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Corn Gluten Feed Market Is Expected To Reach Around US$ 9,279.4 Million By 2027 appeared first on Gatorledger.
The global corn gluten feed market accounted for around US$ 7,024.0 billion, in terms of value, in 2019 and it is expected to exhibit a CAGR of 4.1% during the forecast period (2020-2027).
The corn gluten feed market is expected to experience huge growth opportunities, owing to the growing poultry industry and increasing demand for animal feed. Increasing production and consumption of poultry meat compared to other meat products is expected to drive growth of the global poultry market during the forecast period, which in turn will drive growth of the corn gluten feed market. For instance, according to the National Chicken Council Statistics published in September 2019, the per capita consumption of total red meat was 92.4 pounds, whereas per capita consumption of poultry meat was 110.0 pounds in 2018, across the globe.
Request a sample copy of the report:
https://www.coherentmarketinsights.com/insight/request-sample/4067
Key players operating in the global corn gluten feed market include Agrana Group, Archer Daniels Midland Company, Bunge Ltd., Cargill Incorporated, Commodity Specialists Company, Grain Processing Corporation, Ingredion Incorporated, Tate & Lyle Plc., Tereos Syral, and The Roquette Group among others.
The corn gluten feed market has huge growth opportunities with its increasing demand from aquaculture. Growing aquaculture industry and rising global demand for sea food are driving growth of the corn gluten feed market. For instance, according to the National Oceanic and Atmospheric Administration (NOAA), in 2016, the value of fish landings in the U.S accounted for US$ 5.3 billion, an increase of over 2.1% than the previous year. Some of the major leading markets for seafood in Europe are the U.K., France, Italy, Germany, and Spain.
Corn Gluten Feed Market – Impact of Coronavirus (Covid-19) Pandemic
The global corn gluten feed market is largely impacted by COVID-19 pandemic and the situation is expected to prevail in the global economy until the virus stops spreading. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus. The lockdowns have resulted in shutting-down of businesses and ceasing of almost all economic activities.
Key Takeaways:
Amongst all the product types, the wet corn gluten feed segment is expected to experience significant growth opportunities over the forecast period. The wet corn gluten feed is produced by using the wet-milling process. The wet-milling process is designed to extract maximum output from each component of the corn kernel. The process involves soaking the corn kernels in large tanks called steep tanks in a dilute aqueous sulfur dioxide solution, followed by removing the germs, which is further processed to remove the high-value corn oil.
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4067
Market Taxonomy
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Corn Gluten Feed Market Is Expected To Reach Around US$ 9,279.4 Million By 2027 appeared first on Gatorledger.
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