ID: MRFR/AGR/6368-HCR | 90 Pages | Published By Snehal Singh on March 2023
Distillers Grains Market Size is anticipated to reach USD 17.83 Billion by 2030, registering a CAGR of 5.6% during 2022-2030
$17.83 Billion
5.6%
North America
2022-2030
The Distillers Grains Market Size is expected to be worth USD 17.83 billion By 2030, growing at a 5.6% CAGR from 2022 to 2030. Distillers' grains are a healthier option to feed for livestock. They have a lot of calories and proteins in them. They're frequently offered to animals to help them acquire weight and enhance their metabolism. The contents of ethanol plants are widely employed because of their high protein content and low cost, as well as the fact that they reduce the risk of subacute acidosis in beef cattle. It can be made as a byproduct of the alcohol industry after corns and other grains have been used to make alcohol after their starch has been removed; this grade is known as spent grain. In recent years, ethanol production has expanded dramatically, resulting in an increase in the availability of by-products such as distillers' grain. Demand for ethanol products is predicted to increase dramatically as distillers' grains become a more attractive alternative to traditional feedstock.
As a result, corn-dried distilled grains are more readily available on the market. Distiller grains are utilized as feed items in dairy farms because they are abundant in protein and fiber. Furthermore, distiller's grain is used in the animals' diet to replace soybean meals, which are more expensive than distiller's grain.
Key Players in the Global Market
Segmentation
The global distillers’ grains market has been segmented based on type, source, application, and region.
Based on type, the global distillers’ grains market has been divided into wet distillers’ grains (WDG), dried distillers’ grains with solubles (DDGS), dried distillers’ grains (DDG), and others.
The global distillers’ grains industry has also been classified, on the basis of source, as wheat, corn, and others.
By application, the global distillers’ grains market has been categorized as animal feed and others. The animal feed segment has further been divided into ruminants, poultry, swine, and others.
The global distillers’ grains market has been studied with regard to four key regions - North America, Europe, Asia-Pacific, and the rest of the world.
The North American distillers’ grains market has further been segmented into the US, Canada, and Mexico. The European distillers’ grains market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The distillers’ grains market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The distillers’ grains industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Distillers’ Grains Market Share (%), by Region, 2021
Form: Secondary Sources and MRFR Analysis
North America is projected to dominate the global distillers’ grains market during the forecast period owing to the presence of several prominent market players in the region. The production and consumption of distillers’ grains are high in North America and thus the regional market is expected to be the largest during the review period. The market in Asia-Pacific is projected to exhibit the highest growth rate during the forecast period of 2022 to 2030 due to the increasing consumption of animal-based products such as meat, eggs, and milk in the region. To increase the production of high-quality meat, milk, and poultry products, farmers provide livestock with fortified feed, which is boosting the demand for distillers’ grains in the region.Recent Development
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Global Market, by Type
Global Market, by Source
Global Market, by Application
Global Market, by Region
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 17.83 Billion |
CAGR | 5.6% (2022-2030) |
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 Type, By Source, By Application, and By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | ADM (US), Valero (US), Green Plains Inc. (US), Pacific Ethanol Inc. (US), Flint Hills Resources (US), Didion Milling Inc. (US), CropEnergies AG (Germany), Purina Animal Nutrition (Land O’ Lakes) (US), Husky Energy (Canada), Bunge Limited (US) |
Key Market Opportunities | Demand for ethanol products is predicted to increase dramatically as distillers' grains |
Key Market Drivers | Distiller grains are utilized as feed items in dairy farms |
The Distillers Grains Industry Size is expected to reach 17.83 Billion by 2030
Between 2022 and 2030, the Distillers Grains Market is anticipated to expand at a 5.6% CAGR
ADM (US), Valero (US), Green Plains Inc. (US), Pacific Ethanol Inc. (US), Flint Hills Resources (US), Didion Milling Inc. (US), CropEnergies AG (Germany), Purina Animal Nutrition (Land O’ Lakes) (US), Husky Energy (Canada), Bunge Limited (US)
North America has the largest distillers grain market share