Monday, September 3rd, 2018 - Fact.MR

Increasing poultry and livestock production has led to high demand for animal nutrition to enhance their performance which triggered the adoption of feeding distiller dried grains with solubles (DDGS). In Asia Pacific, growth in pork production and livestock sector has created a remarkable business opportunities for feeding distiller dried grains with solubles market, finds a Fact.MR study. Rising demand for protein feedstock in Japan and India further influenced the growth of feeding distiller dried gains with solubles market in Asia Pacific region.

According to market intelligence research by Fact.MR, China is the fastest growing market for feeding DDGS, with over 50 Mn metric tons of pork production in 2017. Further, exemption of VAT on imports of DDGS in China is likely to enhance the growth prospects of feeding distiller dried grains with solubles market in Asia Pacific. Being a by-product of ethanol processing, increasing ethanol production in China and India is also expected to propel the production and consumption of feeding distiller dried grains with solubles.

In the recent times, growing adoption of protein based feedstock over carb based has escalated the use of feeding DDGS. As the use of fish as feedstock has given rise to several environmental concerns, new sources of animal feed from ethanol production such as DDGS is highly adopted to reduce pressure on land and ocean ecosystem. Further, the use of feeding distiller dried grains with solubles in animal feedstock is gaining increasing popularity due to improved nutrition quality and palatability.

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According to the Fact.MR’s study, the global feeding distiller dried grains with solubles market is anticipated to expand at a moderate 4.8% CAGR value over the assessment period, 2018-2028. Although the market is expected to reach a value over US$ 7 billion by 2028-end, availability of alternative animal feedstock and presence of mycotoxin are likely to create hindrance in the market.

The global feeding distiller dried grains with solubles is likely to remain consolidated in North America, owing to wide expansion of ethanol industry. Within North America, the U.S. is estimated to witness the highest sales of feeding DDGS coupled with the increase of beef export in the country.

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On the basis of product type, corn DDGS is likely to witness higher demand for cattle feed as it improves protein and fats content and promote growth of milk yield. However, the scope of its application is limited to cattle and sheep, and cannot be used in pig diet due to high fiber content. On the other hand, wheat DDGS is gaining high traction in sheep, pig and other livestock diets which improves strength, performance, and feed intake of the animal. In addition, rising adoption of rice DDGS for its nutritional benefits will possibly influence the growth of global feeding distiller dried grains with solubles market.

As feeding distiller dried grains with solubles with high protein level is associated with undesirable flavor and difficulty to digest, balanced protein diets will possibly be higher in demand. The Fact.MR’s study forecasts an increasing consumption of feeding DDGS with mid protein level during the period of assessment.

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Keywords

Asia Pacific Feeding Distiller Dried Grains with Solubles Market, Global Feeding Distiller Dried Grains with Solubles Market, Dried Grains with Solubles Market

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