(MoneyNewsWire.Net, October 16, 2017 ) According to the report North America Gluten Feed Market, published by Market Data Forecast, the Market is expected to reach USD 0.22 billion by 2021 from USD 0.17 billion in 2016, growing at a CAGR of 5.76%. The Gluten Feed market is showing immense potential in the given forecast period. The market has continued to build up momentum, with the increase in demand for protein in animal feed. Gluten feed is specifically popular with producers who are nearby to processing plants, so as to make transportation cost effective.
Gluten comprises of storage proteins namely prolamins and glutelin, usually found in wheat and other grains like rye, barley, corn etc. Gluten is added to pet feeds in order to improve the protein content, and thus maintain animal health.
Browse market data tables and in-depth TOC of the North America Gluten Feed Industry to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-gluten-feed-market-1914/
Gluten feed has recently shown up as a potential substitute for fish meal in aquaculture feed, in process leading to a significant growth in the market lately. Other key 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 them, the market has also been facing some restraints and challenges. Some of these are availability of alternatives to local feed, sensitivity to gluten, change in feed safety regulations in European Union regarding Gm organisms in gluten feed imports and sulfur toxicity which is one of the rising concerns for feed manufacturers.
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The North America market for Gluten Feed is segmented on the basis of source and livestock. Based on source the market is segmented into corn, wheat, barley, rye and other sources. Under livestock the market segmentation is done into cattle, swine, poultry, aquaculture and other livestock. The market for gluten feed under source segmentation is dominated by wheat and under livestock segmentation poultry accounts for the largest market share due to rising awareness among farmers related to poultry and adoption of intensive farming techniques. On the basis of geographical analysis, the North America market is segmented under two regions namely United States and Canada.
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Some of the major companies dominating the market, by their products and services include Ingredion Incorporated, Archer Daniels Midland Company, The Roquette Group, Cargill Incorporated, Bunge Ltd., Tate & Lyle Plc, Grain Processing Corporation, Commodity Specialists Company, Agrana Group, Tereos Syral
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