Global COVID-19 Impact on Distillers’ Grains Market is profiled in detail in the latest research report from Market Research Future (MRFR). Global Distillers’ Grains Market is analyzed in detail in the report, which includes a detailed analysis of the market’s historical growth as well as a studied forecast for the market’s growth over the forecast period from 2020 to 2024. The leading drivers and restraints affecting the global distillers’ grains market are also assessed in detail in the report. The competitive landscape of the market is also profiled in detail in the report.
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Distillers’ grains are the grain byproduct left over from the distillation process. The residual grains left over from the distillation process are known as distillers’ grains. These contain high levels of proteins, which are comparable to animal feed products. This makes distillers’ grains a highly suitable material for animal feed. Distillers’ grains may contain rice, corn, barley, and wheat, among others, and thus also represent a diverse option for animal feed applications instead of the uniform products provided by the animal feed industry. The diversity of grains in distillers’ grains and the high protein content of distillers’ grains are the major driver for the distillers’ grains market, as these factors are likely to enable steady growth in the demand for distillers’ grains from husbandry applications.
The growing animal feed market is the major driver for the global distillers’ grains market. Animal feed has become a vital area in recent years due to the growing animal products industry and the need to feed the growing number of animals being cared for in the world’s animal products industry. The growing demand for animal products such as dairy and meat products is a major driver for the animal feed industry and is thus likely to remain a major driver for the distillers’ grains market over the forecast period.
The leading players in the Global COVID-19 Impact on Distillers’ Grains Market include ADM, Valero, Green Plains Inc., Pacific Ethanol Inc., Flint Hills Resources, Didion Milling Inc., CropEnergies AG, Purina Animal Nutrition, Husky Energy, and Bunge Ltd.
Global COVID-19 Impact on Distillers’ Grains Market is segmented based on type, source, application, and region.
By type, the global distillers’ grains market is segmented into wet distillers’ grains, dried distillers’ grains with solubles, dried distillers’ grains, and others.
By source, the global distillers’ grains market is segmented into wheat, corn, and others. The corn segment holds a dominant share in the global distillers’ grains market due to the widespread cultivation of corn across the world. The others segment is also likely to be important for the market over the forecast period due to the growing demand for distillers’ grains sourced from barley, rice, and other grains.
By application, the global distillers’ grains market is segmented into animal feed and others. The animal feed segment is further subcategorized into ruminants, poultry, swine, and others.
By region, the global COVID-19 Impact on Distillers’ Grains Market is segmented into North America, Europe, Asia Pacific, and rest of the world. North America is projected to dominate the global distillers’ grains market over the forecast period, followed by Europe. The growing production of animal products in North America is the major driver for the distillers’ grains market, as this has driven up the demand for high-quality animal feed products. North America, led by the U.S., is a leading producer of milk and meat, along with other animal products, leading to a growing demand for nutritious animal feed products. This is the major driver for the distillers’ grains market in North America. Europe is also likely to remain an important regional market for distillers’ grains over the forecast period.
Asia Pacific is likely to exhibit the highest growth rate over the forecast period due to the growing demand from the animal products industry in the region. Countries such as China and India are likely to emerge as major consumers of distillers’ grains over the coming years.
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