Market Research Future (MRFR) projects the global distiller’s dried grains with solubles market to exhibit a strong CAGR over the forecast period on the back of the growing demand for distiller’s dried grains with solubles in the food and feed sectors.
The new report from MRFR studies the global distiller’s dried grains with solubles market’s leading segments to understand their performance trajectory over the historical review period and to project their movement over the forecast period. The leading players operating in the global distiller’s dried grains with solubles market research report are also profiled in the report to provide readers with a clear picture of the competitive dynamics of the market.
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).
Distiller’s dried grains with solubles are a byproduct of the distillery industry and constitute the protein- and fiber-rich husks left over from the distillery’s processes. Distiller’s dried grains with solubles comprise the perfect solution for the animal feed industry, as they contain high amounts of fibers and proteins and little sugar, making them perfect for ruminants and other animals. The growing demand from the animal feed industry is likely to be the major driver for the global distiller’s dried grains with solubles market over the forecast period. The growing demand for meat and other animal products has led to a growing demand for improvements in animal feed formulations to keep the animals healthy and in peak shape. This is likely to drive the global distiller’s dried grains with solubles market over the forecast period.
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The growing use of distiller’s dried grains with solubles to produce human meals is also likely to be a major driver for the global distiller’s dried grains with solubles market over the forecast period. The rising prevalence of cardiovascular diseases, particularly among the geriatric population, has led to a growing demand for high-fiber meals, as high fiber intake helps protect against cardiovascular diseases. The easy availability and high suitability of distiller’s dried grains with solubles for the production of high-fiber foods for human consumption are likely to drive the global distiller’s dried grains with solubles market over the forecast period.
Segmentation:
The global distiller’s dried grains with solubles has been segmented on the basis of source, application, form, and region.
By source, the global distiller’s dried grains with solubles market is segmented into biofuel plants, breweries, and others. Biofuel plants account for the highest share in the global distiller’s dried grains with solubles market due to the growing demand for biofuels in North and Latin America and Asia Pacific.
By application, the global distiller’s dried grains with solubles market is segmented into animal feed, food and beverage, and others. The animal feed segment dominates the global distiller’s dried grains with solubles market and is likely to remain the leading revenue generator in the market over the forecast period, although the food and beverage segment is also likely to exhibit steady growth in the coming years.
By form, the global distiler’s dried grains with solubles market is segmented into pellets, powder, and others. The pellets segment holds the major share in the global distiller’s dried grains with solubles market.
Key Companies in the Distillers Dried Grains with Solubles (DDGS) market Players includes
Archer Daniels Midland (U.S.)
Globus Spirits Ltd. (India)
CropEnergies (Germany)
CHS Inc. (U.S.)
Nugen Feeds & Foods (India)
- D. HEISKELL HOLDINGS LLC (U.S.)
Kent Feeds (U.S.)
Regional Analysis:
The global distiller’s dried grains with solubles market is segmented into North America, Europe, Asia Pacific, and rest of the world on the basis of region. North America dominates the global distiller’s dried grains with solubles market due to the growing presence of the animal feed industry in the region and the growing demand for low-cost formulations of animal feed in the U.S. and Canada. Asia Pacific is also likely to register strong growth over the forecast period due to the growing demand for distiller’s dried grains with solubles in the animal feed industry. The growing animal products market in Asia Pacific is likely to drive the distiller’s dried grains with solubles market in the region over the forecast period.
Competitive Analysis:
Leading players in the global distiller’s dried grains with solubles market include Archer Daniels Midland, CropEnergies, Nugen Feeds & Foods, Kent Feeds, J. D. Heiskell Holdings LLC, CHS Inc., and Globus Spirits Ltd.
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Industry Updates:
Efforts to ease the trade war between the U.S. and China are likely to be beneficial for the distiller’s dried grains market, as the product is one of the key items on the agenda.
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