Distillers’ Grains Market Global Size, Share, Sales, Key Players, Industry Penetration, Business Opportunity and Forecast 2019 to 2024
Distillers’ Grains Market Global Research Report by Type (Wet Distillers’ Grains, Dried Distillers’ Grains with Solubles and Dried Distillers’ Grains), Source (Wheat and Corn), Application (Animal Feed and others) and Region – Forecast till 2024
pune, India – July 2, 2019 /MarketersMedia/ —
Market Analysis
Distillers’ Grains Market is witnessing high competition among the existing players and new entrants. The major challenge faced by the players in the global distillers’ grains market is increasing incidences of mycotoxin contamination in animal feed. The presence of fungal pathogens in corn sourced for fuel ethanol production is the main cause of mycotoxin production in distillers’ grains. The mycotoxins produced by fungal pathogens contaminate the distillers’ grains which, in turn, contaminates the animal feed. Wet distillers’ grains are more prone to fungal contamination as compared to dried distillers’ grains with solubles and dried distillers’ grains due to the high moisture content. Thus, market players and feed manufacturers are focusing more on the dried form of distillers’ grains.
Leading Companies
Some of the key players in the Global Distillers’ Grains Market are
• Crop Energies AG (Germany),
• Husky Energy (Canada)
• Bunge Limited (US)
• Purina Animal Nutrition (Land O’ Lakes) (US)
• Flint Hills Resources (US),
• ADM (US),
• Valero (US),
• Green Plains Inc. (US),
• Pacific Ethanol, Inc. (US)
• Didion Milling Inc. (US)
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Industry Segment
The global distillers’ grains market has further been segmented by type, source, and application.
By type, the global distillers’ grains market has been classified as wet distillers’ grains (WDG), dried distillers’ grains with solubles (DDGS), dried distillers’ grains (DDG), and others. The dried distillers’ grains with solubles (DDGS) segment is expected to be the largest and fastest-growing segment during the review period. By source, the global distillers’ grains market has been classified as wheat, corn, and others. The corn segment is expected to garner the largest revenue share and exhibit the highest growth rate during the forecast period. The global distillers’ grains market has also been segregated, based on Application, into Animal Feed and others. The animal feed segment has further been classified as ruminants, poultry, swine, and others. The animal feed segment is expected to be the larger market and register the higher CAGR during the review period. The poultry sub-segment is expected to account for a major revenue share and register the highest growth rate during the forecast period.
Regional Analysis
North America is expected to garner the largest revenue share of the Global Distillers’ Grains Market. The presence of several prominent feed manufacturers and distillers’ grains suppliers in the region is a crucial factor responsible for the region’s dominance in the market. Among the major whisky-producing countries of the world, Canada and the US use different grains to produce whiskey instead of the single malt whisky model, resulting in an increased consumption of grains in the region. Due to this, the production of distillers’ grains is also high in the region.
The market in Asia-Pacific is projected to register the highest CAGR during the forecast period owing to the growing presence of feed manufacturers in the region. Rapid urbanization, growing population, and rising per capita disposable incomes in the region are boosting the sales of animal-based products. This has led livestock farmers to emphasize nutritious feed, which, in turn, is driving the demand for distillers’ grains.
The European distillers’ grains market is expected to garner a notable share during the assessment period owing to the shifting preferences of consumers toward plant-based products. The rising demand for plant-based products and increasing adoption of veganism are lowering the sales of animal-based products, which, in turn, is hampering the growth of the feed industry and distillers’ grains market in the region. However, the regional market growth can be attributed to France, Russia, Germany, and Spain, the major contributors to the animal feed market in the region.
In RoW, South America is the major market for distillers’ grains due to the expanding animal husbandry industry in the region and the rising demand for high-quality meat.
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