The report “Distillers Grains Market by Type (Dried Distillers Grains with Solubles, Dried Distillers Grains, and Wet Distillers Grains), Source (Corn and Wheat), Livestock (Ruminants, Swine, and Poultry), and Region – Global Forecast to 2023″, is estimated to be valued at USD 10.78 Billion in 2018 and is projected to reach USD 14.95 Billion by 2023, at a CAGR of 6.8%. The market is driven by distillers’ grains being used as a favorable alternative to traditional feedstock and growth of the organized livestock sector.
Poultry segment is projected to be the fastest-growing during the forecast period
The poultry segment is projected to be the fastest-growing, by livestock, during the forecast period. On a global level, the total poultry production has been increasing, and with such growth in production and consumption, it has become important for meat producers to focus more on quality. This gives a boost to the distillers’ grains market to provide nutritional feed for poultry.
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Asia Pacific is projected to be the fastest-growing market during the forecast period
The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023. The increase in demand for animal-based products; growth of the regional population; the rise in disposable incomes; the rise in urbanization, especially in China, India, and Japan; and continuous modernization in the feed industry drive the distillers’ grains market in Asia Pacific.
Key players in the distillers’ grains market include Green Plains Inc. (US), Pacific Ethanol, Inc. (US), Flint Hill Resources (US), Valero (US), and CropEnergies AG (Germany). Furthermore, ADM (US), Husky Energy (Canada), Bunge Limited (US), Purina Animal Nutrition (US), Poet LLC (US), Didion Milling Inc. (US), and Greenfield Global (Canada) are other players that hold a significant share in the distillers’ grains market.
Green Plains Inc. is one of the largest producers of ethanol and distillers’ grains in North America and is continuously focusing on strengthening its position through different strategic acquisitions in the region. The company acquired more than 5 operationally efficient production facilities in the last 5 years to increase its production of ethanol and distillers’ grains.
Pacific Ethanol, Inc. is a producer and marketer of low-carbon renewable fuel and ethanol. The company operates through two segments, namely, production and marketing. Pacific Ethanol’s production segment is engaged in the production and sale of ethanol and co-products. The company’s marketing and distribution teams are engaged in the marketing and merchant trading of ethanol and co-products and third-party ethanol. It focuses on expanding its ethanol production capacity and distribution infrastructure.
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Flint Hills Resources produces and markets fuels, base oils, asphalt, and chemicals. It also manufactures petrochemicals for plastics, building products, and packaging materials; base oils for producing motor oil, commercial lubricants, and sealants and coatings; and refined products that are distributed through a system of pipelines, common carrier, and terminals. The company has 3 ethanol production facilities in the US, and it manufactures about 2 million tons of distillers’ grains in these facilities.
