DDGS
DDGS MARKET
India’s DDGS market is expected to grow at a CAGR of 4.70% from 2024 to 2029, driven by the recovery of the ethanol industry and increasing demand for livestock feed, particularly from the poultry sector. The market’s expansion is supported by the nutritional benefits and cost-saving potential of DDGS, which can substitute for more volatile raw materials like soybean meal. Despite currently low demand due to reliance on other feed ingredients, the easing of COVID-19 restrictions and the reopening of ethanol industries are expected to enhance market dynamics.
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. 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 United States, China, and Brazil are top producers, accounting for over 70% of global production. Key export destinations include Southeast Asia, Latin America, and Europe, with major importers being Vietnam, Indonesia, and Mexico.
DDGS PRODUCTION
The production of Distiller’s Dried Grains with Soluble (DDGS) in India is expected to grow significantly in 2024. According to a report, the India DDGS market size was valued at USD 420.67 million in 2023 and is projected to grow to USD 717.81 million by 2032. This growth is driven by the increasing demand for dry fodder in the livestock industry, particularly in the dairy sector.
India is home to over 170 ethanol plants, with a high concentration in the states of Haryana and Punjab. These plants produce DDGS as a by-product of ethanol production, which is then used as animal feed. The conversion rate of wheat to DDGS is approximately 295 kg of DDGS per tonne of wheat.
The Indian government has been promoting the use of DDGS as animal feed, and there is significant interest from Indian animal feed producers in incorporating DDGS into cattle and poultry feed. This is expected to drive the growth of the DDGS market in India in 2024 and beyond.
The Asia Pacific DDGS market, which includes India, is expected to expand at a compound annual growth rate (CAGR) and reach a market size of USD 3944.78 million in 2024. However, the specific expansion plans for DDGS production in India for 2024 are not mentioned in the provided contexts. The international DDGS (Dried Distiller’s Grains with Solubles) production landscape is dominated by the United States, China, and Brazil, accounting for over 70% of global production. As of 2022, the global DDGS production capacity stands at approximately 45 million metric tons.
DDGS CONSUMPTION
The production of Distiller’s Dried Grains with Soluble (DDGS) in India is expected to grow significantly in 2024. According to a report, the India DDGS market size was valued at USD 420.67 million in 2023 and is projected to grow to USD 717.81 million by 2032. This growth is driven by the increasing demand for dry fodder in the livestock industry, particularly in the dairy sector.
India is home to over 170 ethanol plants, with a high concentration in the states of Haryana and Punjab. These plants produce DDGS as a by-product of ethanol production, which is then used as animal feed. The conversion rate of wheat to DDGS is approximately 295 kg of DDGS per tonne of wheat.
The Indian government has been promoting the use of DDGS as animal feed, and there is significant interest from Indian animal feed producers in incorporating DDGS into cattle and poultry feed. This is expected to drive the growth of the DDGS market in India in 2024 and beyond.
The Asia Pacific DDGS market, which includes India, is expected to expand at a compound annual growth rate (CAGR) and reach a market size of USD 3944.78 million in 2024. However, the specific expansion plans for DDGS production in India for 2024 are not mentioned in the provided contexts. The international DDGS (Dried Distiller’s Grains with Solubles) production landscape is dominated by the United States, China, and Brazil, accounting for over 70% of global production. As of 2022, the global DDGS production capacity stands at approximately 45 million metric tons.