According to TechSci Research report, “Distillers Corn Oil Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Distillers Corn Oil Market stood at USD5.54 billion in 2022 and is anticipated to grow with a CAGR of 4.88% in the forecast period, 2023-2028. The initiatives taken by government based on distillers corn oil has led to favorable market conditions for the Global Distillers Corn Oil Market. Several factors contribute to the growth of various distillers corn oil market products.
One significant and groundbreaking initiative currently underway is the amendment of the Renewable Fuel Standard (RFS) regulations by the esteemed Environmental Protection Agency (EPA) in the United States. In response to the ever-evolving landscape of renewable fuels, the EPA has taken a momentous step forward by introducing a new and comprehensive definition of “distillers sorghum oil” while simultaneously replacing the existing references to “non-food grade”. This strategic move not only recognizes but also solidifies the growing importance and relevance of distillers corn oil and its related products within the renewable fuels sector. By embracing these changes, the EPA is paving the way for further advancements and innovations in the realm of renewable energy, ultimately contributing to a more sustainable and environmentally friendly future.
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In recent years, there has been a significant surge in research and development activities in the distillers corn oil market. These efforts have yielded remarkable advancements, particularly in the realm of ethanol production processes. Researchers have tirelessly explored innovative methods to enhance the efficiency of these processes, ultimately leading to substantial increases in the yields of distillers corn oil. These breakthroughs have not only propelled the market forward but have also opened up new possibilities for sustainable and eco-friendly fuel production.
The Global Distillers Corn Oil Market is segmented into distillation type, end user, regional distribution, and company.
Based on its distillation type, the dry-milling distillery segment held the largest share in the market. Dry-milling distilleries are primarily focused on producing ethanol, a valuable fuel source with various applications. As a byproduct of this ethanol production, dry-milling distilleries also yield distillers dried grains with solubles (DCO), which have their own uses and benefits. By specializing in ethanol production, dry-milling distilleries can fine-tune their processes to maximize ethanol yield, thereby indirectly enhancing the production of DCO. This symbiotic relationship between ethanol and DCO underscores the efficiency and versatility of dry-milling distilleries in the biofuel industry.
Based on region, North America segment is expected to grow during the forecast period.
The increase in the ethanol-producing industries in the US has resulted in a significant rise in the utilization of distillers corn oil as a feedstock in biodiesel manufacturing. This shift in the market has been driven by the growing demand for sustainable and renewable energy sources. Interestingly, it is worth noting that approximately two-thirds of the Distillers Corn Oil Market is currently captured by various US ethanol bio-refineries, which are actively selling this valuable resource into the market. This trend highlights the increasing importance of finding innovative solutions to meet the ever-growing energy needs while promoting environmental sustainability.
Major companies operating in Global Distillers Corn Oil Market are:
- Archer-Daniels-Midland Co
- Green Plains Inc
- Cardinal Ethanol LLC
- Redfield Energy LLC
- POET LLC
- United Wisconsin Grain Producers LLC
- Aemetis Inc
- Ace Ethanol LLC
- Patriot Renewable Fuels, LLC
- RPMG Inc.
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“Growing application of distillers corn oil in various end user industries are key drivers of the distillers corn oil market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of distillers corn oil with every passing year are anticipated to register an impressive growth to Global Distillers Corn Oil Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Global Distillers Corn Oil Market By Distillation Type (Dry-Milling Distillery, Wet-Mill Distillery, Others), By End User (Biodiesel Manufacturing, Livestock Feed, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Distillers Corn Oil Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Distillers Corn Oil Market.
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