Distiller's Dried Grains with Solubles (DDGS) Market: A Global Share Overview (2023-2030)
Distiller’s Dried Grains with Solubles (DDGS) Market –
Overview
The rising demand for non-vegetarian
options is increasing the demand for animal products, which is increasing the
demand for animal feed products as well. Market reports linked to the food,
beverages & nutrition industry have
been made available by Market Research Future
which creates reports on other industry verticals that outlines the current market scenarios. The market is
forecasted to achieve a high CAGR growth in the duration in the forecast
period.
The availability of high nutrient content in terms of protein, carbohydrates, fibers is
increasing the expansion rate of the market in the forecast period. As pigs can progressively adapt to the flavor and fibre content of diets containing DDGS, their
implementation in the diet of pigs is increasing considerably. The gut health
benefits of distiller’s
dried grains with solubles Overview is expected to spur the market
substantially in the forecast period.
The market value of Size was 9.90 billion
USD. According to projections, the Distillers Dried Grains with Solubles (DDGS)
market business will increase from USD 10.57 billion in 2023 to USD 15.75
billion by 2030, growing at a compound annual growth rate (CAGR) of 6.86% over
the forecast period (2023 - 2030).
Segmental
Analysis
The segmentation of the distiller’s dried
grains with solubles market is carried out on
the basis of source, application, forms, and
region. The segmentation of the distiller’s dried grains with solubles market on the basis of source comprises of bio-fuel plants, brewers and others. The
bio-fuel plants are observed to be manufacturing the maximum amount of DDGS,
due to the growing production of ethanol in the industry. The application basis of segmentation of the market
encompasses animal feed food and beverage industry among others. Among
all the applications, the animal feed industry holds the major share due to the
high demand for reduced cost of animal feeds which is rich in nutrients. The
segmentation on the basis of forms
consists of powder, pellets, and others.
Among all the segments, the pellet segment has the maximum market share
followed by the powder segment. The pellets can be easily be manufactured for the cattle as per the need,
which makes this form more suitable for the consumers.
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Detailed Regional Analysis
The market of global distiller’s dried
grains with solubles is segmented into
regions such as Europe, North America, Asia Pacific, and Rest of the World
(RoW). The North American region is controlling the global market followed by
the European region. In the North American region, the U.S. and Canada are the
foremost users of distiller’s dried grains
with solubles, owing to the high demand for low price nutritive diet for
animals and industrial waste reduction. Furthermore, the Asia Pacific region is
anticipated to intensify in the distiller’s dried grains with solubles market
through the forecast period. Due to the growing demand for low-cost nutrient-rich
diet for animal feed. Also, China is the major importer of distiller’s dried
grains with solubles in the Asia Pacific region.
Key Companies in the Distillers Dried Grains with
Solubles (DDGS) market includes
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
adjustments seen in terms of strategy
execution and conception are amending the expansion pace of the market. The
plan formulation process in the market has become considerably easier in which
changes are well accounted for; this approach increases the overall success
of these plans in the market. The management trends in the market are
reinforcing the level of growth that can be
achieved in the present market
scenario. The market is also well
fortified to meet the challenges and keep up with the dynamic growth trends
effectively. The evolution patterns are revised in tandem to the customer
likings to realize the greatest growth,
and in the long run, viability. The framework for growth plans also has
stimulated the market for potential new entrants. The market competitors are
making considerable adjustments to minimize the incidence of competitive
disadvantage.
The important contenders in the distilled
dried grains with solubles are Globus Spirits Ltd. (India), CropEnergies
(Germany), CHS Inc. (U.S.), Archer Daniels Midland (U.S.), J. D. Heiskell
Holdings, Llc (U.S.), Nugen Feeds & Foods (India), Kent Feeds (U.S.)
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Industry Updates:
A new high-protein type of distillers
dried grains with solubles research, produced through
front-end-back-end fractionation, is now commercially available. The resultant product, branded PureStream Protein and manufactured
by Lincolnway Energy, contains 38 to 44 percent crude protein, far higher than
conventional distillers dried grains with solubles (DDGS), which comes in at
roughly 27 percent. Researchers from the University of Illinois have assessed
the nutritional value of the ingredient in a current study published in the
Journal of Animal Science.
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