Distillers Grains Market Is Expected To Reach 14.95 Billion Usd By 2023

By Author: Sonal
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The distillers’ grains market is estimated to be valued at USD 10.8 billion in 2018 and is projected to reach USD 14.9 billion by 2023, at a CAGR of 6.8% from 2018 to 2023.

Factors such as distillers’ grains being a favourable alternative to traditional feedstock, and growth in the organized livestock sector is expected to drive market growth. Traditionally, crops such as corn, wheat, and rice are used as feedstock, since they are an efficient source of protein and energy for livestock. Distillers’ grains, especially DDGS, are fed to livestock as an alternative to commodity crops such as corn and wheat. Distillers’ grains are produced as a by-product of ethanol production.

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The market, based on type, has been segmented into DDGS, DDG, WDG, and others. The market for DDGS is estimated to dominate in 2018 and is also projected to be the fastest-growing segment during the forecast period. This growth can be attributed to several properties of DDGS such as high protein content, energy, and highly digestible phosphorus ...
... content, which are responsible for its growing use as a partial replacement for some more expensive traditional animal feed such as corn and soybean meal.

The global market, by source, has been segmented into corn, wheat, and others. The corn segment is estimated to dominate the market in 2018 and is projected to grow at a higher CAGR by 2023. This is attributable to the fact that this is the key grain used in ethanol production, resulting in an increasing supply of corn-based distillers’ grains, as a by-product.

The market, by livestock, has been segmented into ruminants, swine, poultry, and others. It was dominated by the ruminants segment in 2017. The growth in demand for quality milk and beef products has led to the use of distillers’ grains in ruminant diets, due to their higher protein content than traditional feed such as corn. The poultry segment is projected to be the fastest-growing during the forecast period.

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The various contributors involved in the value chain of the global market include raw material suppliers, R&D institutes, distillers’ grain manufacturing companies [such as ADM (US), Valero (US), Green Plains Inc. (US), Pacific Ethanol, Inc. (US)], distillers’ grain distributors, livestock producers, feed manufacturers, and government bodies & regulatory associations [such as the US Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the European Food Safety Authority (EFSA)].