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Distillers Grains Market Insights
According to MRFR analysis, the global Distillers’ Grains Market is expected to register a CAGR of 5.60% from 2023 to 2032 and hold a value of over USD 17.7 Billion by 2032.
Distillers’ grains are a byproduct of the ethanol production process and are widely used as a high-protein feed ingredient for livestock, including cattle, pigs, and poultry. The distillers’ grains market is a growing industry that offers an alternative feed source for livestock that is cost-effective, nutritious, and sustainable.
The demand for distillers’ grains is driven by the increasing demand for cost-effective and sustainable feed ingredients, the growth of the livestock industry, and the increasing demand for high-quality meat products. The use of distillers’ grains as a feed ingredient reduces the cost of feed production, while providing high-quality protein and fiber for the animals.
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Regional Analysis
North America is the largest market for distillers’ grains, driven by the large-scale ethanol production in the region and the high demand for animal feed. The United States is the major contributor to the market growth in North America, with a significant presence of major distillers’ grains producers and a strong demand for livestock feed.
Europe is another significant market for distillers’ grains, driven by the increasing awareness about sustainable feed ingredients and the growing trend of organic and natural animal feed products. The region is characterized by a high demand for innovative and sustainable animal feed solutions, and the presence of major distillers’ grains companies such as CropEnergies AG and AB Agri Ltd.
The Asia-Pacific region is expected to show significant growth in the coming years, driven by the increasing demand for meat and dairy products, the growth of the livestock industry, and the increasing awareness about sustainable feed ingredients. Countries such as China, India, and Japan are expected to contribute significantly to the market growth in the region.
Market Segmentation
The Global Distillers’ Grains market has been segmented into Type, Source, and Application
Based on the Type, the market has been segmented into Wet Distillers’ Grains, Dried Distillers’ Grains with Solubles, and Dried Distillers’ Grains.
Based on the Source, the market has been segmented into Wheat and Corn.
Based on the Application, the market has been segmented into Animal Feed and others
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Key Players
Some of the key market players are ADM, Valero, Green Plains Inc., Pacific Ethanol Inc., Flint Hills Resources, Didion Milling Inc., Crop Energies AG, Purina Animal Nutrition, Husky Energy, Bunge Limited.
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