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 |
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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.
