Asia Pacific Dried Distillers Grain Solids (DDGS) Feed Market Size,, Company Profiles, Regional Outlook and Forecast by 2031
Market OverviewThe Asia Pacific Dried Distillers Grain Solids (DDGS) Feed market is a vast niche in the animal feed industry, accounting for the rising demand for high-nutrition feed products across the region. Essentially, Dried Distillers Grain Solids (DDGS) is a by-product resulting from the production of ethanol, mainly being sourced from grains, including corn. Being made up of high protein and energy content, it is mainly used as a major feed for livestock. This makes it a source of more sustainable and less costly feed for farmers.
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Agriculture practice in the Asia Pacific region is changing; hence the demand of the feed options like DDGS is expected to improve in this market. It would be one of the high facilitators in fulfilling the nutritional requirement of the livestock population of the region. Asia Pacific Dried Distillers Grain Solids (DDGS) Feed market is dominated by practice diversity in the forms of livestock in countries such as China, India, Japan, and Australia, which are among the strongest consumers of animal feed. The use of DDGS in improving animal health and productivity plays a crucial role in its meaning to most Asian Pacific regions where livestock farming contributes a large part of the country's economics.
Growth Factors
The Asia Pacific dried distillers grain solids (DDGS) feed market is expected to grow impressively in the coming years. Several growth factors contribute to the growth in this market. One of those factors is rising demand for affordable animal feed. More livestock farming is practiced in this region, and the input demand for efficient and affordable feed sources will increase. DDGS is gaining acceptance due to the presence of high proteins and cost-effective advantages. Awareness regarding the nutrient value of DDGS among the farmers is also rising and, therefore, can boost the market.
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Ethanol Production in Asia Pacific Region: This is another growth factor for this market as the demand for ethanol productions is increasing in this region. Other countries are also raising their production of ethanol to meet the minimum renewable energy targets, such as China and India. With an increase in the rate of ethanol production, more DDGS are produced, which would further increase the market share since greater quantities would be used in animal feed.
Key Asia Pacific Dried Distillers Grain Solids (DDGS) Feed Industry Players
Archer Daniels Midland Company
Green Plains Inc.
POET LLC
CHS Inc.
Grain Processing Corporation
Globus Spirits Limited
MGP Ingredients Inc.
Husky Energy (Cenovus Energy)
Manildra Group
Envien Group
GrainCorp Limited
Nutrigo Feeds Pvt Ltd.
Flint Hills Resources
Cargill Incorporated
Gulshan Polyols Ltd.
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Increasingly, Asia Pacific Dried Distillers Grain Solids (DDGS) Feed Market would find an increasing focus on local production and distribution. Increasing demand will motivate many countries to ramp up domestic ethanol and DDGS production, contributing towards cutting import dependence as well as developing regional trade. Such a trend toward local production would further strengthen the market with the resilience of supply chain networks.
๐๐๐ฏ๐ ๐ ๐๐จ๐จ๐ค ๐๐ญ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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