ID: MRFR/AGR/3207-HCR | February 2023 | Region: Global | 110 Pages
Distiller’s dried grains with solubles market is projected to propel 15.45 billion at a high 6.86% CAGR during the forecast 2022-2030.
$15.45 Billion
6.86%
North America
2022-2030
Market Synopsis of Distiller’s Dried Grains with Solubles Market
Market Definition
Distiller’s Dried Grains with Solubles Market is projected to propel 15.45 billion at a high 6.86% CAGR during the forecast 2022-2030 based on its diverse and potential application in animal feed and food industry.
Distiller’s dried grains with solubles is a co-product of ethanol production process which contains 10-12% moisture content. It is also a by-product of distillery industry. Distiller’s dried grains with solubles are rich in protein, carbohydrates, fibers, and other nutrients, which makes it useful in animal feed production industry. This compound is also used to manufacture human food which is rich in dietary fiber. High nutritive content and an alternative for conventional animal feed has raised the demand for distiller’s dried grains with solubles in animal feed manufacturing industry, which is primarily driving the global market for distiller’s dried grains with solubles.
Market Scenario
Distiller’s dried grains with solubles as a high demand in animal feed industry to manufacture animal feed which is rich in protein and fiber content.
Also, it is now being used to manufacture food for human consumption which is rich in dietary fibers. Fiber-rich diet has a high demand in human consumption to keep the increasing heart diseases at check. Increase in the demand for an alternative of nutritionally rich animal feed diet at low cost has uplifted the demand for distiller’s dried grains with solubles However, high investment in energy to produce distiller’s dried grains with solubles and volatiles compounds present in DDGS which are not fit for consumption, is projected to hamper the market growth of distiller’s dried grains with solubles over the forecast period.
Intended Audience
Key Findings
Segments
Distiller’s dried grains with solubles market is segmented on the basis of source, which includes brewers, bio-fuel plants, others. Among all, bio-fuel plants is found to be producing the maximum amount of DDGS, because of the increasing production of ethanol in the industry. Furthermore, a small amount of DDGS is also being produced by breweries and distilleries.
The global distiller’s dried grains with solubles market is segmented on the basis of application, which includes animal feed, food and beverage industry, and others. Among all applications, animal feed industry holds the largest share, because of high demand for low cost animal feed which is rich in nutrients.
Distiller’s dried grains with solubles market has been segmented on the basis of forms, which comprises of pellets, powder, others. Among all, pellet has the highest market share followed by powder. Pellets can be easily manufactured for the cattle as per the need, which makes this form more convenient for the consumers.
Regional Analysis
Global Distiller’s Dried Grains with Solubles Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is dominating the global distiller’s dried grains with solubles followed by Europe. In North America, the U.S. and Canada are the major consumers of distiller’s dried drains with solubles, due to high demand for low cost nutritive diet for animals and industrial waste reduction. Moreover, Asia Pacific region is expected to grow in the distiller’s dried grains with solubles market during the forecast period 2022-2030. Owing to the rising demand for low cost nutrient rich diet for animal feed.
Furthermore, China is the largest importer of distiller’s dried grains with solubles in Asia Pacific region.
Key Players
Archer Daniels Midland (U.S.), Globus Spirits Ltd.(India), CropEnergies (Germany), CHS Inc. (U.S.), Nugen Feeds & Foods (India), J. D. HEISKELL HOLDINGS, LLC (U.S.), Kent Feeds (U.S.)
The distiller’s dried grains with solubles market is segmented under the following regions:
North America
Europe
Asia Pacific
Rest of the world
The report for global distiller’s dried grains with solubles market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 15.45 Billion |
CAGR | 6.86% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Sources, Application, Form, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Archer Daniels Midland (U.S.), Globus Spirits Ltd.(India), CropEnergies (Germany), CHS Inc. (U.S.), Nugen Feeds & Foods (India), J. D. HEISKELL HOLDINGS, LLC (U.S.), and Kent Feeds (U.S.) |
Key Market Opportunities | Increase in the demand for an alternative of nutritionally rich animal feed diet at low cost |
Key Market Drivers | High nutritive content and an alternative for conventional animal feed |
The distiller's dried grains with soluble market players are Globus Spirits Ltd.(India), CropEnergies (Germany), J. D. HEISKELL HOLDINGS, LLC (U.S.), Archer Daniels Midland (U.S.), Nugen Feeds & Foods (India), CHS Inc. (U.S.), Kent Feeds (U.S.), and others.
The US, Germany, Belgium, and Canada would boost the distiller's dried grains with soluble market.
Distiller’s dried grains with soluble market would profit from animal feed industry.
North America would take charge of the distiller's dried grains with soluble market.
China would take the lead of the Asia Pacific distiller's dried grains with soluble market.