Overview:
The global market for distiller’s driedgrains with solubles is getting amply backed by the animal feed industry. The
rising demand for better nutrients in the latter is expected to provide
substantial traction to the global market. Market Research Future (MRFR), while
conducting surveys on the market, realized the importance of several factors
like the increasing demand for products with nutritional value, a surge in
intake in the human food industry to provide better nutritional support, and
others as major traction-inducers.
But the COVID-19 attack has triggered certaindownfalls, which can impact the market substantially.
Segmentation:
The global DDGS Market has been segmented byMRFR experts into source, application, and forms. MRFR’s analysis reveals
several aspects of the market and it would help in devising better strategies.
By source, the DDGS Market include bio-fuelplants, brewers, and others. The bio-fuel plants segment holds the maximum
market share as it is the primary source for ethanol production.
By application, the DDGS Market can be segmented into the food and beverage industry, animal feed, andothers. The animal feed industry has the maximum market share and it is getting
traction as low-cost animal feed, which is rich in nutrients.
By form, the global study of the DDGS Market containssegments like pellets, powder, others. The pellet has the largest market share
as it can be easily manufactured for the cattle industry.
Regional Analysis:
North America has the lead and it will retainits dominance during the forecast period. This is getting spurred by the huge
animal feed industry and the contributions made by the US and Canada, who are
also great consumers of the product.
Competitive Landscape:
Globus Spirits Ltd.(India), CropEnergies(Germany), Archer Daniels Midland (U.S.), Nugen Feeds & Foods (India), J.
D. HEISKELL HOLDINGS, LLC (U.S.), CHS Inc. (U.S.), Kent Feeds (U.S.), and
others are playing important roles in taking the global Dried Distillers Grains Market by Application ahead. These companies are relying on some testedstrategic moves involving mergers, substantial investment for the research and
development sector, tie-ups, innovations, acquisition, and others. Innovative
moves regarding launching and branding are also going to impact the market.
MRFR listed the recent moves to understand how the global market is expected to
benefit from various trends and what patterns these companies would set for the
coming years.
Industry News:
In May 2020, the USDA released its GrainCrushings and Co-Products Production report, which showed a steady decline in
the production of a number of products. The numbers are showing that the fall
is mostly due to the onslaught of the COVID-19. In April, the distiller's dried
grains with solubles production was 1.66 million tons, which saw a plummet from
its previous recordings of production volume of 1.81 million tons in February
and 1.87 tons in March 2019.
In the US, in April 2020, the import ofdistiller’s dried grains with solubles from China took a bad hit and it saw a
dip by 98%. In March, the intake was 3,637 mt, which cam down 84mt in April.
The import value witnessed a dip by 90% to $63,210, compared to the statistics
of April 2019's $662,794. This is due to the changes in various regulations due
to the COVID-19 attack.
NOTE: Our Teamof Researchers are 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.
Contact us:
Market ResearchFuture (part of WantstatsResearch and Media Private Limited),
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New York 10013,
United States of America
