Global Distillers Grains Market to Reach $15.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Distillers Grains estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Dried Distillers Grains with Solubles, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$9.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dried Distillers Grains segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 8.7% CAGR
The Distillers Grains market in the U.S. is estimated at US$2.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Wet Distillers Grains Segment to Record 4.1% CAGR
In the global Wet Distillers Grains segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$633.6 Million in the year 2020 will reach a projected size of US$818.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.
Select Competitors (Total 31 Featured):
Amid the COVID-19 crisis, the global market for Distillers Grains estimated at US$10.7 Billion in the year 2020, is projected to reach a revised size of US$15.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Dried Distillers Grains with Solubles, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$9.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dried Distillers Grains segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 8.7% CAGR
The Distillers Grains market in the U.S. is estimated at US$2.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Wet Distillers Grains Segment to Record 4.1% CAGR
In the global Wet Distillers Grains segment, USA, Canada, Japan, China and Europe will drive the 3.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$633.6 Million in the year 2020 will reach a projected size of US$818.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 5.1% CAGR through the analysis period.
Select Competitors (Total 31 Featured):
- Archer Daniels Midland Company
- Bunge Ltd.
- CropEnergies AG
- Didion Milling
- Flint Hills Resources LLC
- Green Plains, Inc.
- GreenField Global, Inc.
- Husky Energy, Inc.
- Pacific Ethanol, Inc.
- Poet, LLC
- Purina Animal Nutrition LLC.
- Valero Energy Corporation
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- A Prelude into Distiller’s Grains Market
- Distillers' Grains Market to Witness Steady Growth
- Exhibit 1: Worldwide Use of Grains for Feed Production: 2011-2018
- Dried Distillers Grains with Solubles Type Set to Occupy Largest Share
- Corn Source to Register Highest Growth
- Poultry Segment to Account for Fastest Growth
- Exhibit 2: Consumption of Distiller’s Grains by Species
- Impact of Covid-19 and a Looming Global Recession
- Market Trends
- With Distiller's Grains being considered as Favourable Substitute to Traditional Feedstock, Demand for Distiller’s Grains is expected to Increase
- Increase in Organized Livestock Industry across the Globe to Drive Demand for Distillers’ Grains Market
- Exhibit 3: Total Number of Cattle (in Million Head): 2012 to 2019
- Partnerships among Organizations to Expand Market Prospects
- Implementation of Various Strategies to Support Market Demand
- Myriad End-Use Segments to Drive Growth
- Increasing Exports to Augur Well for Market Growth
- Exhibit 4: Total Amount of US Distillers Grains Exported (In Thousand Metric Tons): 2005-2018*
- Exhibit 5: Total Amount (in Thousand Tons) of DDGS Exported from the US to Southeast Asia
- Exhibit 6: Top Ten Buyers of U.S. DDGS Grains by Country: 2017 & 2018
- Exhibit 7: Top Destination Countries of the US Grain Exports: 2018
- Increase in Dried Distillers Grains Production to Spur Market Demand
- Exhibit 8: Production (in Million Tons) of U.S. Distillers Dried Grains with Solubles: 2010-2018
- Market Opportunities
- Market Challenges
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 31
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