PUBLISHER: Market Research Future | PRODUCT CODE: 1619009
PUBLISHER: Market Research Future | PRODUCT CODE: 1619009
India DDGS Market Research Report Information by Type (Corn, Wheat, Rice, Barley,& Blended Grains), by Form (Pellets, Powder, and Granules), by Application (Dairy Cattle Feed, Beef Cattle Feed, Swine Feed, Poultry Feed, and Aquaculture Feed), by Protein Percentage (Below 35%, 35% to 50%, and above 60%), and By Region (North, South, East, and West) Forecast Till 2032
In 2023, the Indian DDGS market is expected to be worth USD 420.67 million. The DDGS market is expected to increase at a compound annual growth rate (CAGR) of 6.17% from 2024 to 2032, totaling USD 717.81 million.
In the Indian DDGS (Distillers Dried Grains with Solubles) business, the trend toward sustainable practices is becoming more visible. Environmental concerns are driving efforts to reduce carbon emissions and optimize resource utilization in the ethanol production process, which produces DDGS. Indian farmers are switching to more energy-efficient equipment and sustainable farming techniques, such as reducing waste and using renewable energy sources. This adjustment not only lowers greenhouse gas emissions, but it also enhances the overall sustainability of the DDGS supply chain. Furthermore, there is a greater emphasis on boosting DDGS's nutritional content by employing sustainable feed ingredients, which elevates the product's status as a premium feed product.
Perspectives on Market Segments
The Indian Dried Grains with Solubles (DDGS) market is classified into five types: corn, wheat, rice, barley, and blended grains.
The market is classified into pellets, powders, and granules based on form.
The India Distiller's Dried Grains with Solubles (DDGS) market is segmented by application: aquaculture feed, poultry feed, swine feed, beef cattle feed, and dairy cow feed.
The India Distiller's Dried Grains with Solubles (DDGS) market is classified into three segments depending on protein percentage: less than 35%, 35% to 50%, and more than 60%.
Regional Perspectives
The India Dry Grains with Solubles (DDGS) market is segmented into four regions: north, south, east, and west. With a market share of 36.33% in 2023, the North India region is predicted to develop at a compound annual growth rate (CAGR) of 6.36% over the forecast period. North Indian states such as Uttar Pradesh, Punjab, and Haryana contribute significantly to the DDGS market due to their large dairy and poultry sectors, as well as their considerable ethanol production potential. As urbanization and rising prosperity drive up demand for chicken products, there is a larger need for economical and nutrient-dense feed replacements. Because of its high protein and calorie content, DDGS is an excellent substitute for traditional feed ingredients like as soybean meal, whose price is currently volatile. The supply of DDGS has benefited from the region's post-COVID-19 increase in ethanol output. The reactivation of ethanol plants has made this co-product more widely available and easier for livestock farmers to purchase.
Prorich Agro Pvt Ltd. (India), Globus Spirits Ltd. (India), ADM (US), Cargill Incorporated (US), IFB Agro Industries Ltd. (India), Prodigy Foods (India), GSK Feeds (India), Nutrigo Feeds Pvt Ltd. (India), and Nugen Feeds & Foods (India) are all significant players in the DDGS market.