Corn Gluten Feed Concentrates Market Projections Highlighting Primary Trends until 2019 to 2029
The corn gluten feed concentrates market can be segmented into nature, form and packaging type.
[UKPRwire, Mon Jun 17 2019] Corn gluten feed concentrates is a product of wet milling industry, which produces starch, sweeteners, oil, and high fructose syrup. The corn gluten feed concentrates are moderately high in fibers and have high protein content but has low starch content due to its conversion to syrup glucose. The animal feed industry will grow significantly during the forecast period. The animal feed industry is the primary driver of Global Corn Gluten Feed Concentrates Market and is expected to witness significant growth due to its excellent nutritional composition and to expand its application in the animal feed industry. Further, corn gluten feed concentrates are equivalent to soybean meal as a high indigestible energy and protein source. The corn gluten feed concentrates are available in dry and wet forms; the dry corn gluten feed concentrates market is expected to grow at a higher rate than wet corn gluten feed concentrates. The corn gluten feed concentrates comprises organic and conventional nature, from this both nature the organic nature corn gluten feed is estimated to grow at a significant rate owing to demand for natural and organic alternatives.
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Increasing animal welfare expenditure, growing safety food concerns, rising demand for protein-rich animal feed and gluten feed alternative for fishmeal in aquaculture are anticipated to fuel the corn gluten feed concentrates market over the forecast period. Further, rise in preference for other livestock products, increasing animal adoption rate, increasing the disposable income and the cost-effectiveness of gluten feed are the trends, which are indirectly boosting the corn gluten feed concentrates market. However, changing regulations for feed safety in Europe, presence of alternatives to local feed, lack of awareness about gluten feed in underdeveloped regions and adverse reactions associated with the gluten feed are the factors, which are anticipated to hinder the growth of corn gluten feed concentrates market.
Global corn gluten feed concentrates market segmentation
The corn gluten feed concentrates market can be segmented into nature, form and packaging type. By the nature, corn gluten feed concentrates market can be categorized into organic and conventional. The corn gluten feed concentrates market can be segmented by its form, such as drycorn gluten feed concentrates and wet corn gluten feed concentrates. In packaging type segment, corn gluten feed concentrates market is segmented into bottle, bulk and tetra packaging. Corn gluten feed concentrates market can be segmented by nature including synthetic and organic. The global corn gluten feed concentrates market can be segmented on the basis of the geographical region such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA) and Emerging Countries.
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The global market of corn gluten feed concentrates is likely to increase in the upcoming forecast period because of its primary end-use industry - animal feed. According to Fact.MR, its market is likely to grow with a higher-digit CAGR (compound annual growth rate) in the forecast period. North America dominated the global market for corn gluten feed concentrates in 2018. Europe and APEJ region are expected to witness a sizable rise in the overall sales of corn gluten feed concentrates. Countries including China, U.S., South Korea, Japan and India are expected to witness a significant market share of corn gluten feed concentrates due to livestock sector are concentrated in these countries.
Global corn gluten feed concentrates key market players
The global market for corn gluten feed concentrates comprises several developers, who are primarily converging on developing safer version on corn gluten feed concentrates mainly for animal feed. Some of the key market participants are ADM, HL Agro, Tate & Lyle, Baolikang Biologicalfeed Co., Ltd., Shandong Rongfeng Bio-Technology Development Co.,Ltd., Agri International LLC, Cattle Feed, Oriental Hongda Development Co.,Ltd., A.M Food Chemical Co.,Ltd., Qingyuan Foodstuff Co.,Ltd., Molino La Gamba, Shenyang Wanshunda Group Co.,Ltd., Tampieri Spa, Agrana Stärke Gmbh, Progredis LLC, Maize Gluten and other prominent players.
The research report presents a comprehensive assessment of the corn gluten feed concentrates market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for corn gluten feed concentrates. The research report provides analysis and information according to corn gluten feed concentrates market segmented into nature, form, and packaging type
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain for corn gluten feed concentrates. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of corn gluten feed concentrates. The report also maps the qualitative impact of various market factors on market segments and geographies.
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