About Distillers grains
Distillers grains are a cereal byproduct of the distillation process. It is a co-product of the ethanol production process and a great, low-cost alternative feed ingredient that continues to be produced in large quantities by the dry-grind fuel ethanol industry. It is used as a major feed or feed ingredient in the cattle, swine, and poultry industry. It contains protein, fat, minerals, and vitamins that minerals need making them a popular feed ingredient for livestock and poultry diets. It has various advantages. The high prices of feed ingredients around the world have caused animal nutritionists to search for lower-cost alternative feed ingredients to minimize the cost of food animal production. The global distillers' grains market was estimated to be around USD 10,968 million in 2019, according to the AMA study.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.38% |
Competition among existing players is due to the Distillers grains market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Distillers grains Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Distillers grains market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ADM, Bunge Limited, Green Plains Inc., Flint Hills Resources, Purina Animal Nutrition, CropEnergies AG, Husky Energy, Greenfields Global, BCL Industries Limited, Poet LLC, Didion Milling Inc., Pacific Ethanol Inc. and Chimique (India) Ltd. are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Didion Milling Inc. (United States) and Greenfield Global, Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Distillers grains market by Type (Dried Distillers Grains, Wet Distillers Grains and Others), Application (Ruminants, Swine and Poultry) and Region.
On the basis of Type, Dried Distillers Grains with Soluble (DDGS) are dominating the market in the year 2023 where as Wet Distillers Grains stood as second largest market share.
On the basis of application, Ruminants segment is dominating the market in the year 2023 where as Swine segment stood as second largest market .On the basis of geography, the market of Distillers grains has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Distillers grains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Corn will boost the Distillers grains market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Growing Popularity as an Alternative to Traditional Feedstock, Increased Demand for Animal-based Products and Rise in the Disposable Income of the People in Developing Countries
Challenges:
Growing concern about Contaminations in the Feed and Lack of Awareness
Restraints:
Volatility in the Prices of the Grains
Opportunities:
Growth of the Organized Livestock Sector, Increasing Global Population and Growing Demand from End-users
Market Leaders and their expansionary development strategies
In January 2019, Archer Daniels Midland Co. (ADM) has successfully completed the acquisition of Neovia, creating a global leader in value-added products and solutions for both production and companion animals.
In October 2019, ST Equipment & Technology (STET), part of Titan America LLC, a subsidiary of global cement major Greece-headed Titan Group has launched a "revolutionary" method for grain ethanol plants to generate high protein dry distillers grains (DDG) and dry distillers grains and solubles (DDGS) co-products using its proprietary water-free separation technology. The STET process uses electrostatic charging and separation to concentrate plant protein, by removing fiber, in DDG.
Key Target Audience
Distillers Grains Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.