Bharat Book Bureau Provides the Trending Market Research Report on „Global Distillers Grains Market, Forecast to 2023“ under Food & Beverages category. The report provides information on industry overview, market size, latest developments, industry trends, major players, global presence, and their future prospects.
Distiller’s Grains Market is projected to grow to a CAGR of 6.8% The distiller’s grains market is valued at $ 10.78 billion in 2018 and is projected to reach $ 14.95 billion
by 2023, at a CAGR of 6.8% from 2018. The market is driven by distiller’s grains being used as a favorable alternative to traditional feedstock and growth of the organized livestock sector. Lack of awareness in developing countries, fluctuating prices of grains and ill-effects of excess consumption are the major restraints for the growth of this market.
Request a free sample copy of Distillers Grains Market Report @ https://www.bharatbook.com/request-sample/1000531 Dried Distiller’s grains with solubles (DDGS) segment estimated to lead the market with the large largest share in 2018 from
The DDGS segment is estimated to dominate the market for distiller’s grains in 2018. It is therefore projected to grow at the highest CAGR during the forecast period. Properties such as high protein content, energy, and highly digestible phosphorus content in DDGS are responsible for its growing use as a partial replacement for some more expensive traditional animal feed such as corn and soybean meal.
The corn segment is projected to be the fastest-growing source of distiller’s grains from 2018 to 2023
The distiller’s grains market, by source, is dominated by the corn segment in 2018. The corn segment is driven by the fact that it is the key grain used in ethanol production, resulting in an increasing supply of corn-based distiller’s grains, as a by-product. Further, the high availability of phosphorus content in corn-based distiller’s grains provides high energy and protein to livestock, and it is an economic alternative to other feed ingredients.
North America set to become the distiller’s grains market with the largest share in 2018
The North American market is estimated to be the largest in 2018. The market in North America is major driven by the high production and consumption of distillery’s grains in the US market. Further growth can be attributed to the growing trade of distiller’s grains from the US to Canada and Mexico, due to North American Free Trade Agreement (NAFTA). This agreement allows duty-free access to all products promoted by the United States Grains Council (USGC), which include distiller’s grains. The Asia Pacific market is projected to grow to the highest CAGR from 2018 to 2023. The increase in demand for animal-based products; growth of the regional population; the rise in disposable incomes; the rise in urbanization, especially in China, India, and Japan; and continuous modernization in the feed industry drive the distiller ‚
The breakdown of the primaries on the basis of company type, designation, and region, during the research study, is as follows:
By Company Type: Animal I: 28%, Animal II: 33%, and Animal III: 39%
– By Designation: C Level: 49%, D Level: 21%, Others: 30%
– By Region: North America: 25%, Europe: 30%, Asia Pacific: 40%, and RoW: 5%
Key distiller’s grain manufacturing Players include the following:
– ADM (US)
– Valero (US)
– Husky Energy (Canada)
– Green Plains Inc. (US)
– Bunge Limited (US)
– Pacific Ethanol, Inc. (US)
– CropEnergies AG (Germany)
– Purina Animal Nutrition (US)
– Flint Hills Resources (US)
– POET, LLC (US)
– Didion Milling Inc. (US)
– Greenfield Global (Canada)
The key players in the distiller’s grains market Expansions and investments accounted for by the second most important form of growth strategy.
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