Gluten Feed replacing conventional animal and aquaculture feeds
Posted by rohan on March 27th, 2018
The Gluten Feeds are basically protein compositions added in animal feeds for the improvement in the protein content of the animal food consumption. The main motive for this is to increase animal health and immunity. The market shows great potential for the future due to exponential increases in demand for protein in the animal feeds.
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Market Underlying Factors
The Global Gluten Feed Market was worth USD 0.84 billion in 2016 and estimated to be growing at a CAGR of 5.7%, to reach USD 1.104 billion by 2021. The increasing use of Gluten Feed has its onus not only on the increasing demand for meat but also on the increasing demand for a cost-efficient substitute for grain-based feeds. The above coupled with the rise in the use of gluten feed in the field of aquaculture as a substitute for the conventional fish meals is also a major driver of market growth.
Gluten feeds provide a very cost-effective alternative to the conventional methods of animal meals while providing greater amount of proteins. Governmental regulations and cases of toxicity are some of the restraints faced by the market.
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As of now, Europe with its increasing use of Gluten Feed accounts for the largest share of more than 35 percent of the Global Gluten Feed market. The market in this region is driven by the increasing awareness about gluten feed as a replacement of traditional feeds but is hampered by government policies towards genetically modified organisms. The demand for Gluten Feed is expected to be raising in populous countries such as India, Brazil, Argentina, and New Zealand, which will encourage the international players to tap the markets in these regions.
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The major market contributors for the Global Gluten Feed market are Ingredion Incorporated, The Roquette Group, Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle Plc, Bunge Ltd., Grain Processing Corporation, Agrana Group, Commodity Specialists Company, Tereos Syral
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Name: Mr. Abhishek Shukla
About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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