Market Overview:
Distiller’s dried grains with solubles is a co-product of ethanol production process or by-product of distillery industry which contains 10-12% moisture content. Distiller’s dried grains with solubles has high amount of protein, carbohydrates, fibers, and other nutrients, which makes it suitable for a reasonable alternative of livestock feed. DDGS is now used to produce dietary rich fiber diet fit for human consumption, this will help in reducing the heart related concerns within the population. Low cost alternative for animal feed is primarily driving the global market for distiller’s dried grains with solubles.
Distiller’s dried grains with solubles are compounds are used as a low cost alternative for animal feed, this characteristic property is exploited for manufacturing high quality feed for animals. Distiller’s dried grains with solubles are either co or by products of ethanol and distillery industry respectively. Increased consumption of livestock based food, industrial expansion of ethanol industries and alternatives to check the waste reduction has increased the demand for DDGS compounds.
Furthermore, need for reasonable alternative for animal feed and dietary fiber rich food for human consumption is driving the growth of the global distiller’s dried grains with solubles market. All these factors are expected to contribute to the estimated CAGR of 5.5% of distiller’s dried grains with solubles market during the forecast period 2017-2023.
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Major Key Players:
The major players in the distiller’s dried grains with solubles market
Archer Daniels Midland (U.S.), Globus Spirits Ltd.(India), CropEnergies (Germany), CHS Inc. (U.S.), Nugen Feeds & Foods (India), J. D. HEISKELL HOLDINGS, LLC (U.S.), Kent Feeds (U.S.)
Distiller’s dried grains with solubles market is growing rapidly due to increase in the demand for an alternative source of animal feed rich in nutrients. Consumption of fiber rich DDGS compounds by the human population to prevent heart diseases, has uplifted the market opportunities. Increasing R&D activities to mask the effect of volatile compounds present in the distiller’s dried grains with solubles will uplift the market over the forecast period 2017-2023.
Segment:
Distiller’s dried grains with solubles market is segmented on the basis of source, which includes brewers, bio-fuel plants, others. In this segment, bio-fuel plants are considered to be producing the maximum amount of DDGS compounds, increasing production of ethanol is considered to be the key factor for this segment.
The global distiller’s dried grains with solubles market is segmented on the basis of application, which includes animal feed, food and beverage industry, others. Among all applications, animal feed industry has shown a high share, because of high demand for an alternative of low cost animal feed rich in nutrients.
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Furthermore, distiller’s dried grains with solubles market has been segmented on the basis of forms, which includes pellets, powder, others. Among all, pellets has the highest market share. Pellets are easy to manufacture and can be formulated as per the consumer needs.
The global distiller’s dried grains with solublesm market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America region is dominating the distiller’s dried grains with solubles market followed by Europe. In North America, the U.S. and Canada are the major consumers of distiller’s dried grains with solubles. Reduction of industrial waste and raised demand for low cost animal feed with high nutrition has led the growth of the distiller’s dried grains with solubles market in this region.
However, Asia Pacific region is projected to grow rapidly owing to increase demand for low cost animal feed and food for human consumption rich in dietary fibers.
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