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Organic Dried Distillers Grain Feed Market: Growth Trends, Size, and Forecast Analysis
Organic Dried Distiller's Grain Feed Global Market Report 2024
According to The Business Research Company's, The organic dried distiller's grain feed market size has grown strongly in recent years. It will grow from $12.88 billion in 2023 to $13.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rise in organic farming practices, demand for organic livestock products, focus on sustainable agriculture, government initiatives and support, livestock health and nutrition.
The organic dried distiller's grain feed market size is expected to see strong growth in the next few years. It will grow to $17.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to continued growth in organic agriculture, consumer demand for organic products, environmental sustainability concerns, expansion of livestock industry, awareness of feed quality. Major trends in the forecast period include consumer awareness and transparency, non-gmo and chemical-free feed options, traceability and certification, diversification of livestock diets, global market expansion.
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Market Drivers and Trends:
The increase in demand for animal-based products is expected to propel the growth of the organic dried distiller's grain feed market going forward. Animal-based products are products that are derived from animals such as dairy products, eggs, egg products, and others. Organic dried distiller's grain feed is used to increase the lactational performance of dairy cows, cattle, buffaloes, and other dairy animals, as a result, an increase in demand for animal-based products increases the demand for organic dried distiller's grain feed market. For instance, in June 2022, according to the Organization for Economic Co-operation and Development, a France-based intergovernmental organization that works to build better policies for better lives, per capita consumption of fresh dairy products globally is expected to increase by around 1% per year over the coming decade. Further, world milk production is expected to grow at 1.6% P.A. with 997 Mt by 2029, faster than most other main agricultural commodities. Therefore, the increase in demand for animal-based products is driving the growth of the organic dried distiller's grain feed market.
Adoption of biological solutions are a key trend gaining popularity in the organic dried distiller's grain feed market. Major companies operating in the organic dried distiller's grain feed market are adopting biological solutions to sustain their position in the market. For instance, in April 2022, Green Plains Inc., a US-based agri-tech company, that produces ethanol and organic animal feed, achieved a breakthrough of around 60% protein concentration by using the novel MSC system combined with biological solutions. This was successfully done through a full-scale production changeover across the entire plant's fermentation and production processes.
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Major Key Players of the Market:
Archer Daniels Midland Company; CHS Inc.; CropEnergies AG; Flint Hills Resources LP; Green Plains Inc.; Pacific Ethanol Inc.; Poet LLC; Valero Energy Corporation; Ace Ethanol LLC; Alcogroup SA; COFCO Biochemical (Anhui) Co. Ltd.; Envien Group; Essentica; Greenfield Global Inc.; Husky Energy Inc.; Agridient; Agri-King; Agri-Neo Inc.; AgriProtein; Alltech; AVEVE Biochem; Bunge North America; Cargill; Darling Ingredients; Devenish Nutrition; Energreen Nutrition; Famo Feeds; Grain Millers; J. Grennan and Sons; Land O'Lakes
Organic Dried Distiller's Grain Feed Market 2024 Key Insights:
• The organic dried distiller's grain feed market will grow to $17.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Growing Demand For Animal-Based Products Drives The Organic Dried Distiller's Grain Feed Market
• Biological Solutions Transform The Landscape Of The Organic Dried Distiller's Grain Feed Market
• North America was the largest region in the organic dried distiller's grain feed market in 2023
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