"Market Forecast: Distillers Grains Market Forecasts Strong Growth in the Years Ahead"
Distillers’ Grains Market Outlook
Distillers grains market is anticipated to reach USD 17.7 billion by 2032, at a CAGR of 5.60% during the forecast period. The cereal by-product obtained during the distillation of grains to produce spirits such as whisky, gin, and vodka is known as distillers’ grains. The rising trend of precision nutrition among feed manufacturers is expected to result in lucrative opportunities for market players in the coming years. The nutritional requirements of animals vary as per their species, stage of life cycle, and productivity. Thus, it is essential to provide the required nutrition to animals. To cater to such specific nutritional requirements and improve livestock productivity in areas with inadequate feed resources, feed manufacturers are laying emphasis on the high energy, protein, and phosphorus content of dried distillers’ grains with solubles (DDGS). They are a partial replacement for expensive traditional energy (corn), protein (soybean meal), and phosphorus (mono- or dicalcium phosphate) ingredients used in animal feeds.
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 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 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.
Key Players
Some of the key players in the global distillers’ grains market are 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), and Bunge Limited (US).
Regional Analysis
The global distillers’ grains market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, the rest of the world.
North America is expected to dominate the global distillers’ grains market 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.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/distillers-grains-market-7839
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), and Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team has a supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which helps to answer all their most important questions.
To stay updated with the technology and work process of the industry, MRFR often plans & conducts meetings with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 104, Pentagon 4 Magarpatta City, Hadapsar,
Pune – 411013 Maharashtra, India
Tel. (0) + 91 8411985042 / 020 640000195
- Авто, мото
- Кейтеринг
- Досуг, развлечения
- Животные
- Красота, здоровье
- Образование, репетиторы
- Спорт и тренеры
- Строительство и ремонт
- Товары и магазины
- Туризм и отдых
- Финансы и страхование
- Литература
- Музыка
- История
- Политика
- Религия
- Искусство
- Кино
- Театр
- Хорошее здоровье
- Аксессуары
- Бизнес
- Разное