Distillers Grains Market Worth 14.95 Billion USD by 2023
PUNE, India, April 16, 2018 /PRNewswire/ --
The report "Distillers Grains Market by Type (Dried Distillers Grains with Solubles, Dried Distillers' Grains, and Wet Distillers Grains), Source (Corn and Wheat), Livestock (Ruminants, Swine, and Poultry), and Region - Global Forecast to 2023", published by MarketsandMarketstm, the market is estimated to be valued at USD 10.78 Billion in 2018 and is projected to reach USD 14.95 Billion by 2023, at a CAGR of 6.8%. The market is driven by distillers' grains being used as a favorable alternative to traditional feedstock and growth of the organized livestock sector.
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Browse 114 market data Tables and 45 Figures spread through 149 Pages and in-depth TOC on "Distillers Grains Market"
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Dried distillers' grains with solubles (DDGS) segment is estimated to be the largest in 2018
The distillers' grains market, by type, is estimated to be dominated by the DDGS segment, which is also projected to be the fastest-growing, owing to its good protein content, high energy, and high digestible phosphorus content. Another factor driving the market for DDGS is its long shelf life as its moisture content is between 10 to 12%, resulting in minimal risk of spoilage during transit and storage.
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Corn segment set to dominate the market by 2023
The distillers' grains market, by source, is projected to be dominated by the corn segment during the forecast period. Higher available phosphorus content in the corn provides high energy and high protein to livestock; it is also an economical alternative to feed ingredients. This is one of the major factors driving the market for this segment, globally.
Poultry segment is projected to be the fastest-growing during the forecast period
The poultry segment is projected to be the fastest-growing, by livestock, during the forecast period. On a global level, the total poultry production has been increasing, and with such growth in production and consumption, it has become important for meat producers to focus more on quality. This gives a boost to the distillers' grains market to provide nutritional feed for poultry.
Asia Pacific is projected to be the fastest-growing market during the forecast period
The Asia Pacific market is projected to grow at 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 distillers' grains market in Asia Pacific.
The report Distillers Grains Market includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as include Green Plains Inc. (US), Pacific Ethanol, Inc. (US), Flint Hill Resources (US), Valero (US), and CropEnergies AG (Germany). ADM (US), Husky Energy (Canada), Bunge Limited (US), Purina Animal Nutrition (US), Poet LLC (US), Didion Milling Inc. (US), and Greenfield Global (Canada) are other players that hold a significant share in the distillers' grains market.
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