Market Size of India DDGS Feed Industry
| 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 |
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 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 |
India DDGS Feed Market Size Summary
The DDGS feed market in India is poised for steady growth, driven by the recovery of the ethanol industry and the increasing demand for livestock feed. The market is expected to benefit from the rising prices of alternative grains, which enhances the appeal of DDGS as a cost-effective substitute for raw materials like soybean meal. DDGS, a nutrient-rich byproduct of ethanol production, is gaining traction as a valuable feed ingredient due to its nutritional benefits and profitability. It is primarily used in feeding dairy cattle, swine, and poultry, with the poultry industry showing significant growth potential. The demand for DDGS is bolstered by its ability to improve animal health and performance, making it an attractive option for farm owners in India.
The Indian DDGS feed market is moderately consolidated, with key players such as Archer Daniels Midland, Cargill Incorporated, and Prodigy Foods leading the industry. The market's growth is further supported by the rising consumption of poultry meat, driven by increasing incomes and urbanization. DDGS serves as a viable alternative to expensive feed grains, addressing the gap between demand and availability of poultry feed. Despite the potential for significant imports, technical barriers related to genetically modified crops pose challenges. Nonetheless, the market is expected to expand as stakeholders seek affordable and nutritious feed solutions to meet the growing demands of the livestock industry.
India DDGS Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Corn
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2.1.2 Wheat
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2.1.3 Rice
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2.1.4 Blended Grains
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2.1.5 Other Types
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Other Animal Types
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India DDGS Feed Market Size 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.
