Distillers Grains Market Forecast:
Distillers Grains Market Size excepted at USD 11.25 Billion in 2019 and is projected to reach USD 17.87 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
Major drivers of the global distillers’ grain market are availability of low-cost alternative feed ingredients for livestock, high quality nutritive feed, source of adequate nutritional value as per animal nutritionists, rising concerns about feeding quality diet to livestock among end-users, and rapid growth in distillation units and ethanol biofuel plants across the globe. However, new product development, collaboration with Agro business firms, and penetration of the product through ecommerce business are expected to create significant opportunities for the distillers’ grain market. The Global Distillers Grains Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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The global distillers’ grains market has been segmented, based on region, into North America, Europe, Asia-Pacific, the rest of the world.
North America is expected to dominate the global distillers’ grains market industry during the forecast period due to the growing trade relations between the US, Canada, and Mexico. The implementation of the North American Free Trade Agreement (NAFTA) in the region has encouraged healthy trade, which includes distillers’ grains, promoted by the United States Grains Council (USGC). However, the surging demand for animal-based products in Asia-Pacific is expected to result in the regional market registering the highest growth rate during the forecast period
Some of the key players in the global distillers’ grains market industry are ADM (US), Valero (US), Green Plains Inc. (US), Pacific Ethanol, Inc. (US), Flint Hills Resources (US), Didion Milling Inc. (US), Crop Energies AG (Germany), Purina Animal Nutrition (Land O’ Lakes) (US), Husky Energy (Canada), and Bunge Limited (US).
Distillers’ grains market has been Segmented by Type, Source, Application, and Region.
Based on type, the global distillers’ grains market has been segmented into wet distillers’ grains (WDG), dried distillers’ grains with solubles (DDGS), dried distillers’ grains (DDG), and others. The DDGS segment is expected to be the largest and fastest growing during the assessment period. The segment growth can be attributed to the high energy, protein, and phosphorus content of DDGS. In addition, DDGS has a long shelf life and can be easily and conveniently transported over long distances, which is also contributing to the growth of the DDGS segment.
By source, the global Distillers’ grains market industry has been categorized as wheat, corn, and others. The corn segment is projected to garner the largest revenue share and register the highest CAGR during the forecast period as corn is a widely used grain for ethanol production. Moreover, it is an economical substitute for various feed ingredients as it has a high phosphorous and protein content, which offers energy to livestock.
Distillers’ grains market trend has been segregated, by application, into animal feed and others. The animal feed segment has further been categorized as ruminants, poultry, swine, and others. The animal feed segment is expected to be dominant and exhibit the higher growth rate during the review period owing to the increasing demand for animal-based products. In the animal feed segment, the ruminant’s sub-segment is expected to account for the largest market share while the poultry sub-segment is expected to register the highest growth rate during the forecast period.
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