Distillers’ Grains Market Outlook
The distillers' grains market 2020 is expected to gain significant ground and grow rapidly during the forecast period, according to Market Research Future (MRFR) (2020 to 2028). With the report, we will include a COVID-19 impact study as well as an in-depth review of the coronavirus disease outbreak.
Distillers Grains Market was valued at USD 11.25 Billion in 2019 and is projected to reach USD 17.87 Billion by 2027, growing at a CAGR of 5.9% from 2020 to 2027.
COVID-19 Distillers’ Grains Market Analysis
Following allegations that SARS-CoV-2 can spread through the eating of meat and meat products, MRFR's COVID-19 investigation of the distillers' grains business revealed that the poultry market has been facing a slew of issues. The lockdown has been implemented in several parts of the world to stop the spread of the new coronavirus pandemic, which has hampered the transportation of feed, feed materials, and cattle. In addition to the COVID-19 epidemic creating raw material price volatility, these factors have been adverse for the distillers' grains market. Despite the enormous demand for dairy, aquaculture goods, and meat, market expansion has been delayed due to the devastating impact of COVID-19 on supply chains, resulting in a major demand and supply mismatch.
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However, to deal with the repercussions of the pandemic and control revenue loss, distillers’ grains industry participants are increasingly adopting innovative strategies and techniques to fortify their supply chain networks. They are also being supported by various government bodies as well as regulatory associations to deal with the pandemic-induced challenges.
Key Drivers and Primary Restraints
Distillers’ grains are lower priced than other kinds of feed ingredients and are an essential diet of poultry birds and livestock. These are the ideal nutritional source of fat, cereal proteins, vitamins, minerals, oil, amino acids, and fiber, and are, therefore, gaining high traction in the livestock sector. The scarcity of nutrition-rich feed for livestock across the globe is bolstering the demand for distillers’ grain. Also, the mounting demand for nutritive feed items among end-users can favor the distillers’ grain industry in the ensuing years, with the preference for traditional and expensive feed is expected to diminish at the same time.
The escalating popularity of DDG or dried distillers’ grains, given their extended shelf life and high nutritive value, has raised their demand in the livestock industry. These types of grains are feasible for storage and distribution and are, therefore, observing an increase in their sales in various parts of the world. Distillers’ grains market is gaining impetus among end-users as this helps enhance the physical health of livestock, which leads to large-scale production of eggs and milk. Among other things, these grains also ensure the meat quality, resulting in their higher demand and ultimately, better market growth.
Over the years, meat production has remained strong in various Southeast Asian nations, apart from South America and several Caribbean countries. In South Asia, egg production has also remained high in the past few years, which has led to superlative market growth. Many emerging countries have managed to outperform developed economies in the past decade, in terms of manufacturing livestock products. This trend is expected to foster the demand for distillers’ grains, especially in the mentioned regions. Besides, new product launches, collaborations, and the rapid growth of the eCommerce sector can also give rise to attractive opportunities for the leading firms in the distillers’ grain industry.
To illustrate, in September 2020, Archer Daniels Midland Company launched Prolite MeatTEX textured wheat protein, Prolate MeatXT non-textured wheat protein, and Arcon T textured pea proteins. These protein solutions claim to enhance the density and texture of meat alternatives and are highly instrumental in facilitating consumer-desired, meat-like texture.
Segmental Analysis
The distillers’ grains industry has been segregated depending on the type, source, and application.
The main types of distillers’ grains are dried distillers’ grains with soluble (DDGS), dried distillers’ grains (DDG), wet distillers’ grains (WDG), and more.
The distillers’ grains industry, with respect to source, can be classified as corn, wheat, and more.
The primary applications of distillers’ grains are animal feed and others. The animal feed-based segments are swine, poultry, ruminants, and more.
Regional Analysis
Distillers’ grains industry can be regionally considered for Europe, APAC or Asia Pacific, North America, along with RoW or the rest of the world.
North America could potentially emerge as the market leader in the coming period, because of the extensive presence of numerous renowned vendors and the high consumption and production level of distillers’ grains in the region. Further market growth in the region can be the result of the rising trade of distillers' grains between Canada, Mexico and the US, in the wake of the North American Free Trade Agreement (NAFTA). The agreement grants Mexico and Canada duty-free access to all the goods that are promoted by USGC/ the United States Grains Council, which also includes distillers' grains.
The APAC market can garner impetus at the fastest pace from 2019 to 2024, thanks to the surging consumption rate of animal-based products like eggs, milk, and meat. The market size is further enhanced by the increasing disposable incomes; rising urbanization in China, Japan, and India combined with the surge in modernization in the animal feed industry.
Key Players
The most reputed contenders in the global industry are Crop Energies AG (Germany), Pacific Ethanol Inc. (US), Valero (US), Purina Animal Nutrition (Land O’ Lakes) (US), ADM (US), Bunge Limited (US), Didion Milling Inc. (US), Husky Energy (Canada), Flint Hills Resources (US), Green Plains Inc. (US), and more.
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NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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