Distiller's Dried Grains with Solubles (DDGS) Market Overview
Distiller's Dried Grains with Solubles (DDGS) is a co-product of the ethanol production process. It is a high-protein, high-fiber feed that is used to feed livestock, such as cattle, pigs, and poultry. DDGS is a valuable source of nutrients and can help to improve animal health and performance.
Market Drivers
The global DDGS market is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The market is being driven by a number of factors, including:
Increasing demand for animal feed: The global population is growing, and the demand for animal products is increasing accordingly. This is driving up the demand for animal feed, including DDGS.
Limited availability of other feed sources: The availability of other feed sources, such as corn and soybean meal, is limited. This is making DDGS a more attractive feed option for farmers.
Nutritional value of DDGS: DDGS is a high-protein, high-fiber feed that is a valuable source of nutrients for livestock.
Competitive pricing of DDGS: DDGS is a relatively inexpensive feed option compared to other feed sources.
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Market Segmentation
The DDGS market is segmented by type, by application, and by region. The type segment is divided into corn DDGS, wheat DDGS, and sorghum DDGS. The corn DDGS segment is the largest segment of the type market, accounting for over 80% of the market share. The application segment is divided into animal feed, biogas production, and biofuel production. The animal feed segment is the largest segment of the application market, accounting for over 90% of the market share. The region segment is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is the largest regional market, accounting for over 35% of the market share.
Major Players
The major players in the global DDGS market include Archer Daniels Midland Company, Cargill, Inc., Bunge Limited, Louis Dreyfus Company, and COFCO Corporation. These companies are all major producers of ethanol and DDGS.
Outlook
The outlook for the global DDGS market is positive. The market is expected to continue to grow at a steady pace in the coming years, driven by the factors mentioned above. The increasing demand for animal feed, the limited availability of other feed sources, the nutritional value of DDGS, and the competitive pricing of DDGS are all expected to contribute to the growth of the market.
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Conclusion
The global DDGS market is a large and growing market. The market is being driven by the increasing demand for animal feed, the limited availability of other feed sources, the nutritional value of DDGS, and the competitive pricing of DDGS. The outlook for the market is positive, and the market is expected to continue to grow at a steady pace in the coming years.
Important Questions
- What is the global DDGS market size?
- What are the key drivers of the global DDGS market?
- How is the global DDGS market segmented?
- Who are the major players in the global DDGS market?
- What is the outlook for the global DDGS market?
Additional Insights
- The DDGS market share is expected to be driven by the growing demand for animal feed in Asia Pacific and Latin America.
- The increasing use of DDGS in biogas production is also expected to drive the market.
- The development of new applications for DDGS, such as in biofuel production, is also expected to contribute to the growth of the market.
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According to recent Fact.MR study, the Feeding Distiller Dried Grains with Solubles (DDGS) market will grow at 4.8% during 2018-2028 period.
The report foretells that the sales of feeding distillers dried grains with solubles (DDGS) are estimated to cross US$ 7 billion by end of the year of assessment (2028).
The Fact.MR study largely attributes the projected growth to technological advancements in manufacturing techniques, and rising demand for products in the sector.An Expert Perspective According to Fact.MR experts, the growth of Feeding Distiller Dried Grains with Solubles (DDGS) factors will remain key drivers to growth of the Feeding Distiller Dried Grains with Solubles (DDGS) market.
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The company leverages information from key stakeholders of information including World Bank, the UNO, WHO, among others to tackle challenges of investing with due diligence, and reliability.
An Apt Forecast For the Feeding Distiller Dried Grains with Solubles (DDGS) market, Fact.MR has considered 2013 as the base year for projections, while 2018-2028 period as the forecast period.
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