DDGS Market Company Profiles, Size, Share by 2027
Overview:
Distiller’s dried grains with
solubles has a high demand and various applications in the animal feed industry
for the production of superior quality animal feed, which is rich in protein
and fiber content. But the COVID-19 attack has triggered certain downfalls,
which can impact the market substantially.
Segmental analysis
The DDGS
Market is segmented on the basis of source, application, and forms.
The sources of energy used in the
global market are bio-fuel plants, brewers, others. Among these, bio-fuel
plants are observed to be producing the amount of DDGS, owing to the growing
production of ethanol in the industry. Also, a relatively smaller amount of
DDGS is being produced by breweries and distilleries and are expected to
contribute remarkably to the market growth over the review period.
The applications of distiller’s
dried grains with solubles in the global market for the same are animal feed,
and the food and beverage industry, and others. Among these, the animal feed
industry holds the largest market share, owing to the higher demand for low-cost,
nutritionally rich animal feed over the forecast period.
The various forms of distiller’s
dried grains with solubles available in the market are pellets, and powder,
and others. Among these, the pellet segment has the maximum market share,
followed by powder segment. This is attributed to the fact that pellets can be
easily mass-produced for the cattle according to the need, which makes this
form of feed more convenient for the consumers.
Regional Analysis:
North America has the lead and it
will retain its dominance during the forecast period. This is getting spurred
by the huge animal feed industry and the contributions made by the US and
Canada, who are also great consumers of the product.
Competitive Landscape:
Globus Spirits Ltd.(India),
CropEnergies (Germany), Archer Daniels Midland (U.S.), Nugen Feeds & Foods
(India), J. D. HEISKELL HOLDINGS, LLC (U.S.), CHS Inc. (U.S.), Kent Feeds
(U.S.), and others are playing important roles in taking the global distiller’s
dried grains with solubles market ahead. These companies are relying on some
tested strategic moves involving mergers, substantial investment for the
research and development sector, tie-ups, innovations, acquisition, and others.
Innovative moves regarding launching and branding are also going to impact the
market. MRFR listed the recent moves to understand how the global market is
expected to benefit from various trends and what patterns these companies would
set for the coming years.
Industry News:
In May 2020, the USDA released
its Grain Crushings and Co-Products Production report, which showed a steady
decline in the production of a number of products. The numbers are showing that
the fall is mostly due to the onslaught of the COVID-19. In April, the
distiller's dried grains with solubles production was 1.66 million tons, which
saw a plummet from its previous recordings of production volume of 1.81 million
tons in February and 1.87 tons in March 2019.
In the US, in April 2020, the
import of distiller’s dried grains with solubles from China took a bad hit and
it saw a dip by 98%. In March, the intake was 3,637 mt, which cam down 84mt in
April. The import value witnessed a dip by 90% to $63,210, compared to the
statistics of April 2019's $662,794. This is due to the changes in various
regulations due to the COVID-19 attack.
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