Distillers Dried Grains with Solubles Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Distillers Dried Grains with Solubles Market Analysis
India Dried Distillers Grain with Solubles (DDGS) Feed Market is anticipated to register a CAGR of 4.7% during the forecast period (2022-2027). Initially, the impact of ethanol production slowdowns during COVID-19 was also observed on co-product production. However, the COVID-19 impact on the Indian DDGS Feed market is likely to be short-term. Since the transport of shipments is back -on track with ease of restrictions on movements, the re-opening of ethanol industries, and the strong demand for feed, the DDGS feed market in India is expected to grow steadily in the coming years.
Over the medium term, the market is anticipated to witness a robust recovery with higher demand for livestock feed, with rising alternative grain prices, thereby, creating a strong demand for DDGS feed ingredients. DDGS can be used to partially substitute raw materials such as soybean meal in feed, prices of which are currently experiencing high volatility across the globe. Thus, with the use of DDGS, cost savings can be done.
The tightening supply-demand balance of DDGS due to its nutritional benefits is evident in the international and domestic markets. This, combined with relatively high profitability from the DDGS industry, is expected to boost the demand for the DDGS market during the forecast period. In India, DDGS is primarily fed to dairy cattle, swine, and poultry.
The demand for DDGS is currently low in India as it largely relies upon maize, soybean meal and canola. The country completely depends upon its domestic production to meet its industrial requirements for its growing domestic demands.
The rising demand for livestock feed especially from the poultry industry is fueling the market growth. Recently, India has been witnessing a strong demand for meat products owing to the rising incomes and growth in the urban population. This trend is expected to fuel the market for DDGS feed in India in the coming years.
Distillers Dried Grains with Solubles Market Trends
This section covers the major market trends shaping the India DDGS Feed Market according to our research experts:
Rising Awareness of Health Benefits Offered by the DDGS Feed
Distiller's dried grains with solubles (DDGS) are the nutrient-rich co-product of dry-milled ethanol production that is largely produced from corn and wheat and supplied as livestock feed as an energy and protein supplement. It is considered a 'middle protein carrier' with crude protein content between soybean meal and corn. According to the USDA, one metric ton of DDGS is equivalent to 1.22 metric ton of feed consisting of corn and soybean meal. Hence, this states that the DDGS is the best substitute for the rather expensive sources of energy (corn), protein (soybean), and phosphorus (mono-or dicalcium phosphate) used in animal feed. Furthermore, due to the high content of insoluble fiber, DDGS has a positive influence on digestion and lowers the pH in the digestive system, resulting in the reduction of the pathogen population and diminishing the occurrence of diarrhea in young animals.
Over the years, many scientific researchers have demonstrated that DDGS is an excellent, all-natural, low-cost source of energy, protein, vitamins, and minerals and is an especially superior source of bypass protein for ruminants. This has increased their demand for animal feed. DDGS is considered a good source of protein and fiber for cattle, fish, and poultry animals. Owing to the health benefits offered by the feed including the DDGS, it is gaining popularity among farm owners in India.
Rising Demand for Poultry
India is among the major producers of poultry meat in the world. Over the years, there has been an increase in the average income and growth in the urban population that has boosted the poultry demand in the country. According to the Organisation for Economic Co-operation and Development (OECD), the consumption of poultry meat in India in 2021 was roughly more than four million metric ton, up from the previous year. The rising poultry consumption in the country coupled with the high prices of grains and meals is boosting the inclusion of DDGS in poultry diets.
DDGS inclusion has taken its place more recently in India. Its inclusion in poultry feed is proving multi-beneficial in terms of improving animal health, animal performance, and food product quality. Further in poultry production, feed account for 65-70% of total production cost. In India, there is a huge gap between the demand and availability of poultry feed, and hence the industry stakeholders are is seeking new affordable feed ingredients. DDGS is coproduced after the extraction of ethanol from fermented grains. The non-fermentable components of the grains which are rich in nutrients like protein, fat, fiber, vitamins, and minerals are recovered in a highly concentrated form as DDGS. Hence, this presents a viable and cost-effective alternative in supplementing both protein as well as energy to the feed industry.
DDGS has been recognized as an important source of energy, protein, water-soluble vitamins, and minerals for poultry. Additionally, several studies have indicated that the inclusion of DDGS in diets improved the growth rate and feed conversion, and also increased fertility and hatchability in poultry. Companies such as Prodigy Foods, a manufacturer and supplier of poultry animal feed aims to manufacture high nutrition and high quality Rice DDGS or Corn DDGS for livestock industry.
These factors are boosting the inclusion of DDGS in poultry diets. Hence, the rising DDGS consumption in poultry is driven by its health benefits and rising demand from the poultry industry as an alternative to the costly feed grains.
Distillers Dried Grains with Solubles Industry Overview
India DDGS Feed market is moderately consolidated, with numerous international and national DDGS suppliers operating in the market during the study period. The major players in the market include Archer Daniels Midland, Cargill Incorporated, IFB Agro Industries Limited, Nutrigo Feeds, and Prodigy Foods based on the revenue in 2021. Rising innovations and expansions are the major strategies adopted by the leading companies in the market.
Distillers Dried Grains with Solubles Market Leaders
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Archer Daniels Midland Company
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Cargill Incorporated
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IFB Agro Industries Limited
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Nutrigo Feeds
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Prodigy Foods
*Disclaimer: Major Players sorted in no particular order
Distillers Dried Grains with Solubles Market News
In 2021, India imported a significant amount of dried distiller's grain with solubles (DDGS) as an alternative to soymeal. This high-protein feed ingredient can replace corn and soymeal in poultry feed by 50-60%. With the rising global prices for soybean meal, the DDGS imports are expected to rise in the near future. The Indian market has the potential to import more than 700,000 metric ton of U.S. distiller's dried grains with solubles (DDGS) annually, but technical barriers exist with regard to GM crops.
The United States leads the global market in GM-based animal feed mainly distillers dried grain with solubles (DDGS). However, DDGS in the United States is made from genetically modified (GM) corn. With non-genetically modified (Non-GM) maize not immediately available, the poultry industry has requested the authorities to import GM maize in 2019. The Indian feed industry has demanded the import of distillers dried grains with solubles (DDGS) from the United States.
Distillers Dried Grains with Solubles Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Corn
- 5.1.2 Wheat
- 5.1.3 Rice
- 5.1.4 Blended Grains
- 5.1.5 Other Types
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Archer Daniels Midland Company
- 6.3.2 Cargill Incorporated
- 6.3.3 IFB Agro Industries Limited
- 6.3.4 Nutrigo Feeds
- 6.3.5 Prodigy Foods
- 6.3.6 Nugen Feeds
- 6.3.7 GSK Feeds
- 6.3.8 Prorich Agro Foods
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
Distillers Dried Grains with Solubles Industry Segmentation
Dried distillers grain with solubles (DDGS) are a co-product of ethanol production from starch cereals, largely produced from maize and wheat, which contains approximately the non-starch or non-fermentable fractions of the grain. Indian DDGS Feed Market has been segmented by Type (Corn, Wheat, Rice, Blended Grains, and Other Types), and Animal Type (Ruminants, Poultry, Swine, and Other Animal Types). The report offers market estimation and forecast in value (USD million) and Volume (metric ton) for the above-mentioned segments.
| Type | Corn |
| Wheat | |
| Rice | |
| Blended Grains | |
| Other Types | |
| Animal Type | Ruminants |
| Poultry | |
| Swine | |
| Other Animal Types |
Distillers Dried Grains with Solubles Market Research FAQs
What is the current India DDGS Feed Market size?
The India DDGS Feed Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in India DDGS Feed Market?
Archer Daniels Midland Company , Cargill Incorporated, IFB Agro Industries Limited, Nutrigo Feeds and Prodigy Foods are the major companies operating in the India DDGS Feed Market.
What years does this India DDGS Feed Market cover?
The report covers the India DDGS Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India DDGS Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Distillers Dried Grains with Solubles Industry Report
Statistics for the 2024 Distillers Dried Grains with Solubles market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Distillers Dried Grains with Solubles analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
