Distillers’ grains are increasing gaining popularity over their traditional counterparts. There are primarily two primary sources for distillers’ grains that include, breweries and plants. It is produced in distilleries by drying mash, and is usually used as fodder for livestock (especially ruminants).
Rising demand for distillers’ grains and increasing adoption of the same as opposed to traditional grains in developed economies are major factors boosting growth of the global distillers’ grains market. Additionally, distillers’ grains being an important intermediate ingredient in production of ethanol is another factor expected to fuel growth of the global distillers’ grains market over the forecast period. But, lack of awareness, fluctuations in grain prices, and problems associated with excess consumption of distillers’ grains are major factors hampering growth of the global market.
The global distillers’ grains market report has been segmented on the basis of type, source, livestock, and region. On the basis of region, the global distillers’ grains market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain is dominance over the forecast period. This can be attributed to increasing government initiatives for support of products promoted by the United States Grains Council (USGC), which includes distillers’ grains. Also, increasing production and consumption of distillers’ grains in countries in the region is a major factor owing to which the market in North America is anticipated to register a CAGR of X.X% over the forecast period. Revenue from the market in Asia Pacific is expected to witness significant growth over the forecast period, and is projected to register a CAGR of X.X%. This is attributed to rapid industrialization, increasing adoption of modern technologies in livestock and feedstock industries, growing awareness and rising demand for distillers’ grains in emerging economies such as China, India, and Japan. Moreover, the markets in Europe, Latin America, and Middle East & Africa are expected to witness moderate growth over the forecast period.
Prominent players in the global distillers’ grains market include The Archer Daniels Midland Company, Valero Marketing and Supply Company, Green Plains Inc., Pacific Ethanol, Inc., Bunge Limited, Pacific Ethanol, Inc., CropEnergies AG, Purina Animal Nutrition, Flint Hills Resources, POET LLC, Didion Milling Inc., and Greenfield Global.