The Distillers Dried Grain Solubles Market Is Estimated To Record a CAGR of Around 6.86% During The Forecast Period
Evolve Business Intelligence has published a research report on the Global Distillers Dried Grain Solubles Market, 2023–2030. The global Distillers Dried Grain Solubles Market is projected to exhibit a CAGR of around 6.86%during the forecast period of 2023 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Distillers Dried Grain Solubles Market: Archer Daniels Midland, Globus Spirits Ltd., CropEnergies, CHS Inc., Nugen Feeds & Foods, J. D. HEISKELL HOLDINGS LLC and Kent Feeds.
Market Highlights
The Global Distillers Dried Grain Solubles Market is projected to be valued at USD 15.75 billion by 2030, recording a CAGR of around 6.86% during the forecast period. Distillers Dried Grain Solubles (DDGS) is a byproduct of the ethanol production process from grains like corn, wheat, or barley. When grains are fermented to produce ethanol, the liquid portion is separated to create ethanol, leaving behind a nutrient-rich solid residue known as Distillers Dried Grains (DDG). DDGS, on the other hand, is the soluble fraction that remains after the separation of DDG. It is commonly used as a livestock feed ingredient due to its high nutritional value.
For More Information : https://evolvebi.com/report/distillers-dried-grain-solubles-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/
The Distillers Dried Grain Solubles Market refers to the global trade and consumption of DDGS as a feed ingredient for livestock, including poultry, swine, and cattle. The market for DDGS has grown significantly in recent years, driven by several factors such as the production of ethanol as a renewable fuel source has expanded, leading to a higher supply of DDGS as a byproduct.
The COVID-19 pandemic led to lockdowns, travel restrictions, and reduced economic activity, which impacted the demand for transportation fuels like gasoline. As a result, ethanol production may have been affected, leading to reduced DDGS production as a byproduct.The pandemic’s impact on the meat and livestock industry varied across regions. While some areas experienced disruptions in meat processing and a decline in demand for livestock feed due to restaurant closures and reduced foodservice consumption, other regions saw increased demand for meat products from retail channels.
Segmental Analysis
The global Distillers Dried Grain Solubles Market has been segmented based on source and application.
Based on source, the Distillers Dried Grain Solubles Market is segmented into Brewers and Bio-Fuel Plants. The bio-fuel plants segment held the majority share in 2022 contribution to the distillers dried grains with solubles (DDGS) market revenue. This is due to the Bio-fuel plants produce ethanol from corn and other feedstocks.
Based on Application, the global Distillers Dried Grain Solubles Market has been divided into Animal Feed and Food and Beverage Industry. The animal feed segment dominated the markets. DDGS is primarily used as a feed ingredient for livestock, including poultry, swine, cattle, and aquaculture.
For More Information : https://evolvebi.com/report/distillers-dried-grain-solubles-market-analysis-and-global-forecast-2023-2033-with-covid-impact-analysis/
Regional Analysis
The Distillers Dried Grain Solubles Market is divided into five regions: North America: North America is one of the major producers and consumers of DDGS. The United States, in particular, is a significant player in the DDGS market due to its large ethanol production capacity and well-established livestock industry. Demand for DDGS in North America is primarily driven by the poultry, swine, and cattle sectors.In Europe, the DDGS market is influenced by ethanol production, feed demand, and government policies related to renewable energy and agriculture. The demand for DDGS in Europe is driven by the poultry and swine sectors, and some countries import DDGS to supplement their livestock feed requirements.The Asia-Pacific region is a rapidly growing market for DDGS. Countries like China, South Korea, and Vietnam have been significant importers of DDGS to support their expanding livestock industries, particularly in the swine and poultry sectors. Latin American countries like Brazil and Mexico have also seen a growing demand for DDGS as a livestock feed ingredient. Ethanol production in Brazil contributes to the availability of DDGS as a byproduct.
