During the distillation of grains, a cereal by-product is obtained that can be used for producing spirits such as gin, vodka, and whiskey. This cereal by-product is known as distillers’ grains. A new report on the global distillers’ grains market, published by Market Research Future (MRFR), estimates that this market could witness growth between 2019 and 2024.
The most crucial market drivers for the global distillers’ grains market growth are increasing adoption of distillers’ grains as a convenient substitute for traditional feedstock and expanding animal feed industry and. The nutritional requirements of animals can vary as per their productivity, species, and stage of the life cycle. Thus, providing the required nutrition to animals is essential. Therefore, feed manufacturers are emphasizing the animal feed that contains high energy, phosphorus content, and protein content. Other market drivers include the rising trend of precision nutrition among feed manufacturers and subsequent lucrative opportunities for market players. However, factors that can delay the market growth include fluctuating prices of grains, a lack of awareness in various developing countries regarding the profitable use of distillation by-products, and the ill-effects of consuming distillers’ grains in excess.
Get Free Sample Copy of “Distillers’ Grains Market” @ https://www.marketresearchfuture.com/sample_request/7839
Big players in the Global Distillers’ Grains Market include ADM (USA), Bunge Limited (USA), CROPENERGIES AG (Germany), Didion Milling Inc. (USA), Flint Hills Resources (USA), Green Plains Inc. (USA), Husky Energy (Canada), Pacific Ethanol Inc. (USA), Valero (USA) and Purina Animal Nutrition (Land O’ Lakes) (USA)
Latest Industry News
The USGC and the IGP Institute hosted an educational seminar called the Myanmar and Philippines DDGS and Sorghum Seminar focusing on utilizing sorghum DDGS in the feed. The seminar was meant to provide meaningful insights on distillers’ grains business and distillers’ grains market.
Global Distillers’ Grains Market segmentation encompasses application, source, and type. MRFR’s take on the market surveys various facets of the market in-depth.
The application-based segmentation of this market covers animal feed and others. The animal feed segment has been sub-segmented into poultry, ruminants, swine, and others. The animal feed segment is expected to hold a larger market share. Among animal feeds, the maximum market share has been segmented into ruminant holds the largest market share, whereas poultry can become the fastest growing market segment during the forecast period.
Based on the source, the market has been segmented into corn, wheat, and others. During the forecast period, the corn segment can hold the largest revenue share and register the highest growth as corn is a widely used grain for ethanol production. It is also an economical substitute for various feed ingredients due to high phosphorous and protein content that offers energy to livestock.
By type, the market has been segmented into dried distillers’ grains (DDG), dried distillers’ grains with solubles (DDGS), wet distillers’ grains (WDG), and others. During the forecast period, the DDGS segment can be the largest as well as the fastest-growing market segment as it contains high energy, phosphorus, and protein content. Due to its long shelf life and ease of mobility, the demand for DDGS is high.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/distillers-grains-market-7839
A geographical outlining of the global distillers’ grains market covers North America, Europe, Asia Pacific, and Rest of the World (RoW).
North America is dominating the global distillers’ grains market due to rising trade relations between the USA, Canada, and Mexico. The implementation of the North American Free Trade Agreement (NAFTA) in this region has encouraged healthy trade regarding various products, including distillers’ grains. The United States Grains Council (USGC) promotes healthy trade. Many vital market players are also based in North America. Both the production as well as consumption of distillers’ grains is high in this region. After the USA, Canada and Mexico generate maximum market revenue.
In Europe, the market is strong due to the high density of population, developed economies, and high purchasing power of consumers. The most powerful country-specific markets in Europe are France, Germany, Italy, Spain, and the UK.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar