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LONDON, GREATER LONDON, UK, August 12, 2024 /EINPresswire.com/ -- The global organic dried distiller’s grain feed market is projected to grow from $12.88 billion in 2023 to $13.86 billion in 2024, at a compound annual growth rate (CAGR) of 7.6%. The market is expected to continue its robust growth, reaching $17.96 billion by 2028 at a CAGR of 6.7%, driven by increased demand for organic livestock products, sustainable agriculture practices, and government support for organic farming.
Increasing Consumer Preferences for Healthy Ingredients Drive Market Growth
The rising consumer preference for healthy, natural ingredients is a significant factor contributing to the growth of the organic dried distiller’s grain feed market. Health-conscious consumers are increasingly seeking minimally processed, additive-free products that align with their dietary goals. This shift is driving demand for organic dried distiller's grain, as it offers nutritionally rich and natural feed components. For instance, India's disposable personal income rose significantly from Rs 23,85,73,760 million in 2021 to Rs 27,29,95,370 million in 2022, reflecting the growing purchasing power and preference for healthier food options.
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Key Players and Market Trends
Major companies such as Archer Daniels Midland Company, CHS Inc., and Green Plains Inc. are key players in the organic dried distiller’s grain feed market. These companies are focusing on biological solutions to enhance product quality and maintain market position. For instance, Green Plains Inc. achieved a 60% protein concentration in its organic feed using the MSC system combined with biological solutions in April 2022, marking a significant advancement in the industry.
Market Trends: Consumer Awareness and Product Innovation
Several trends are shaping the future of the organic dried distiller’s grain feed market, including increased consumer awareness and demand for transparency, the adoption of non-GMO and chemical-free feed options, and the focus on traceability and certification. The diversification of livestock diets and global market expansion are also expected to drive market growth during the forecast period.
Segments
• By Source: Corn, Wheat, Barley, Sorghum, Oats, Rye, Millet, Other Sources
• By Livestock: Poultry, Ruminants, Swine, Pets, Horse, Aqua, Other Livestock
• By Distribution Channel: Online, Offline
Geographical Insights: North America Leading the Market
North America was the largest region in the organic dried distiller’s grain feed market in 2023, driven by strong organic farming practices and demand for organic livestock products. Asia-Pacific is expected to be the fastest-growing region during the forecast period, fueled by expanding livestock industries and increasing consumer demand for organic products.
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Organic Dried Distillers Grain Feed Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Organic Dried Distillers Grain Feed Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on organic dried distillers grain feed market size, organic dried distillers grain feed market drivers and trends, organic dried distillers grain feed market major players, competitors' revenues, market positioning, and market growth across geographies. The organic dried distillers grain feed market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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