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Feeding Distiller Dried Grains with Solubles (DDGS) Market Progress by 2028 | Market Players are Globus Spirit Ltd., Land O’Lakes Inc., CropEnergies AG, CHS Inc., etc.

03-08-2019 10:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Feeding Distiller Dried Grains with Solubles (DDGS) Market

In order to study the various trends and patterns prevailing in the concerned market, FactMR has included a new report titled “Feeding Distiller Dried Grains with Solubles (DDGS) Market Progress by 2028” to its wide online database including upcoming trends and growth factors. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report studies the feeding distiller dried grains with solubles market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2028.

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Production of livestock and poultry continues to be instrumental in driving the growth in adoption of feeding distillers dried grains and solubles (DDGS) at a global level. According to United States Department of Agriculture (USDA), global meat trade is expected to increase in 2018, with beef witnessing high demand. This has led to increased beef production and exports across countries, further enhancing the growth of the feeding distillers dried grains and solubles (DDGS) market. Given its nutritional benefits for animal feedstock, growth in livestock production is directly proportional to the growth of the feeding distillers dried grains with solubles (DDGS) market.

In a new study drafted by FactMR, the growth prospects for feeding distillers dried grains with solubles (DDGS) are likely to be positive during the assessment period across regional markets in the globe. According to this report, the feeding distillers dried grains with solubles (DDGS) market is projected to expand at a CAGR of 4.8% in terms of value throughout the period of assessment, 2018-2028. Additionally, report reveals that the demand for feeding distillers dried grains with solubles (DDGS) in Asia Pacific excluding Japan (APEJ) region is expected to increase, making APEJ an attractive market for feeding distillers dried grains with solubles (DDGS).  

Feed distillers dried grains with solubles (DDGS) market has been largely influenced with increasing adoption of corn DDGS for cattle and other livestock across the globe. Corn feeding distillers dried grains with solubles (DDGS) have witnessed higher demand among cattle as it facilitates growth of milk yield as well as enhances the content of protein and fats in it. However, though adoption and sales of corn feeding distillers dried grains with solubles (DDGS) is high, the scope of its application has reduced to cattle and sheep, reducing its pace across markets worldwide. Moreover, corn feeding distillers dried grains with solubles (DDGS) cannot be used in pig diets owing high concentration of fibers, making the feed difficult to digest.

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On the contrary, wheat feeding distillers dried grains with solubles (DDGS) have gained high traction since the past years. Wheat feeding distillers dried grains with solubles (DDGS) are widely used in pig diets given its high protein content and less crude fat as compared to corn feeding distillers dried grains with solubles (DDGS). Moreover, wheat feeding distillers dried grains with solubles (DDGS) impart high strength, performance and facilitate increased feed intake. That said, use of wheat feeding distillers dried grains with solubles (DDGS) in pig, sheep and other livestock diets is expected to witness a steady growth path, consequently aiding the growth of the overall feeding distillers dried grains with solubles (DDGS) market during the forecast period.

Furthermore, feeding distillers dried grains with solubles (DDGS) market growth has also been influenced by the increasing use of rice feeding distillers dried grains with solubles (DDGS), as they are expected to witness meteoric rate of consumption in animal feedstock as it offers moderation of fiber content, high protein content, easy digestibility, high energy and low fats. Rice feeding distillers dried grains with solubles (DDGS), due to their nutritional benefits, are largely used in cattle, poultry animal and fish diets.

North America continues to reflect potential growth opportunities for feeding distillers dried grains with solubles (DDGS) market, ethanol production being one of the major factors of growth, given the increasing production of biofuels in the region. Sales of feeding distillers dried grains with solubles (DDGS) are expected to remain concentrated in United States on the back of increasing beef exports in the country. According to USDA, beef exports in United States are expected to grow by 6 percent in 2018, buoyed by a strong demand from various countries including Mexico, Korea, Japan and Canada. Furthermore, according to USGC (U.S. Grains Council), exports of feeding distillers dried grains with solubles (DDGS) have increased to more than 11 metric tons in 2017 and expected to increase in the coming years.

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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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