Asia Pacific Gluten Feed Market has been estimated at USD 0.33 Billion in 2021 and is projected to reach USD 0.45 Billion by 2026, at a CAGR of 5.82% during the forecast period from 2022 - 2027.
The Gluten Feed market is showcasing evident potential in the mentioned period. The market continues to gain momentum, with the increase in protein demand in the animal feed. Gluten feed is especially popular with producers who are close to processing plants to make transportation cost effective. Gluten is a mixture of storage proteins namely prolamins and glutelin, generally found in wheat and other grains like barley, corn, rye etc. Gluten is added to pet feeds in order to enhance the content of protein, so as to maintain animal health.
Drivers and Restraints of Asia Pacific Gluten Feed Market:
Gluten feed has lately originated as a potential substitute for fish meal in aquaculture feed, leading to a significant growth in the market. Other important factors driving the market for Gluten Feed include, corn gluten feed being used as a cost-effective substitute for the expensive grain based feed and strong demand for gluten feed in developing countries. Apart from these, the market also faces some challenges and restraints. Some of these are availability of alternatives to local feed, sensitivity to gluten, changes in feed safety regulations in European Union regarding Gm organisms in gluten feed imports and sulfur toxicity which has been a rising concern for feed manufacturers.
Asia Pacific Gluten Feed Market – By Livestock:
Asia Pacific Gluten Feed Market – By Source:
The market for gluten feed based on source segmentation is led by wheat and in livestock segmentation poultry accounted for the highest market share due to rising farmers awareness related to poultry and intensive farming techniques being adopted.
On the basis of geographical analysis, the Asia-Pacific market is segmented under various regions namely China, India, Japan, Australia and South Korea.
Some of the major companies dominating the market, by their products and services include Ingredion Incorporated, Archer Daniels Midland Company, Commodity Specialists Company, Cargill Incorporated, The Roquette Group, Tate & Lyle Plc, Grain Processing Corporation, Bunge Ltd., Agrana Group, Tereos Syral.
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