"Market Forecast: Distillers Grains Market Forecasts Strong Growth in the Years Ahead"

0
664

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

Email: Sales@marketresearchfuture.com

Sponsored
Search
Sponsored
Categories
Read More
Theater
Italy Collapsible Metal Tubes Market | Services and Future Forecast to 2032
The Italy collapsible metal tubes market has been experiencing notable growth and transformation,...
By Ram Vasekar 2024-05-21 04:48:47 0 389
Music
Plasterboard Market Key Players, Price, Top Manufacturers And Forecast To 2032
The Plasterboard Market has witnessed significant growth and transformation in recent...
By Gajanand Chanagond 2023-11-01 09:51:00 0 680
Beauty, health
Revolutionizing Treatment Delivery: Intravenous Solutions Market Embraces Ambulatory IV Therapy
The Intravenous Solutions Market, valued at USD 7 Billion in 2022 and projected to reach USD...
By Rahul Yash 2024-03-12 05:44:46 0 539
Business
The Rise of Live Betting in Tennis: Opportunities and Challenges
The world of sports betting has experienced significant changes in the past decade, and one of...
By Lotus365 India 2024-11-13 06:42:30 0 0
Business
《我的阿勒泰》是追梦与归途的真实写照
最新电视剧《我的阿勒泰》讲述了19岁的汉族女孩李文秀在追求文学梦想的过程中经历的挫折与成长。这部剧通过李文秀在乌鲁木齐餐馆打工的故事,展现了一个内向自卑的女孩在现实压力下的挣扎与坚韧,以及她最终...
By Ting Wang 2024-07-13 06:21:46 0 194