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North America and Japan Distillers Corn Oil Market Size By End-Use (Biodiesel Manufacturing, Livestock Feed), By Distillation Type (Dry-milling Distillery and Wet-milling Distillery), By Feedstock Type (Edible Feedstock and Inedible Feedstock), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

North America and Japan Distillers Corn Oil Market Size By End-Use (Biodiesel Manufacturing, Livestock Feed), By Distillation Type (Dry-milling Distillery and Wet-milling Distillery), By Feedstock Type (Edible Feedstock and Inedible Feedstock), By Geographic Scope And Forecast

North America and Japan Distillers Corn Oil Market Size And Forecast

North America and Japan Distillers Corn Oil Market size was valued at USD 743.52 Million in 2021 and is projected to reach USD 1,787.93 Million by 2030, growing at a CAGR of 10.57% from 2022 to 2030.

Factors such as growing carbon footprint, global warming, and other environmental impacts of the combustion of traditional fuels, amongst others, are fueling the demand. North America and Japan report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

North America and Japan Distillers Corn Oil Market Definition

According to Energy Information and Administration of United States, distillers corn oil (DCO) is defined as a by-product manufactured during the production process of corn grain to ethanol. Distilled corn oil is one of major supplement in livestock feed as it is a rich source of linoleic acid, a fatty acid required in swine and poultry. Currently, DCO is majorly marketed as feedstock for biodiesel, as rubber substitute rust resistors, inks, textiles, soaps, and insecticides. According to USDA (United States Department of Agriculture), DCO is the second most consumed feedstock for production of biodiesel after soybean oil.

Distillers Corn Oil Production involves 7-10 days of grain storage, milling corn, slurry making (by adding starch, liquification (enzyme added to starch, fermentation (yeast added to mash, distillation (ethanol separated from mash), decanter (solids separated from water), evaporation (thin stillage evaporation), centrifugation (distiller corn oil is removed), and storage. The latest discoveries depict that distillers corn oil is an efficient source of biodiesel. However, it has to be purified so that impurities will not cause the damage in the application of distilled corn oil across the industries. The aforementioned are among the major factors that have driven the market growth in the foreseen period.

North America and Japan Distillers Corn Oil Market Overview

Distillers of corn oil or DCO contain different nutritional components. The nutritional properties of DCO are approximately the same as the conventional corn oil as both of them are produced from corn. DCO contains crude fat, fatty acids (such as Palmitic, Palmitoleic, Margaric, Stearic, Oleic, Linoleic, Linolenic, Nonadecanoic, Arachidic, Gonodic, Behenoic, and Lignoceric, amongst others), insoluble, unsaponifiable, peroxide, Ansidine, and hexanal, amongst others. DCO is 99.40% fat; on the other hand, the remaining 0.60% belongs to other components such as moisture, insoluble, unsaponifiable, peroxide, Ansidine, hexanal, and the rest of the others. DCOs contains approximately 1.59% (of the total percentage of other components) moisture and 2.73 MEq/kg peroxides.

Various alternatives including other vegetable oils (such as canola oil, cottonseed oil, palm oil, soybean oil, and others) and animal fats (such as poultry, tallow, white grease, and others) for distillers corn oil, are present in the North America and Japan market. Therefore, the presence of different substitute products can be the major restraining factor for North America and Japan Distillers Corn Oil Market. Besides vegetable oils and animal fats, recycled feeds such as yellow grease, algae, alcohol, and other feeds can also be used in biodiesel production. Thus, such feed materials can also be a major competitive threat to the distillers corn oil to strangle its demand across the North American and Japan market during the forecasted period.

Biodiesel has witnessed strong growth owing to the increasing demand for green fuels across the aviation industry around North America and Japan. Furthermore, the demand for biodiesel is fueled due to the growing adoption of environment-friendly practices. Also, factors such as growing carbon footprint, global warming, and other environmental impacts of the combustion of traditional fuels, amongst others, are fueling the demand. The demand for biodiesel across the aviation industry is growing during the forecasted period, as it helps in reducing the carbon footprint as compared to the other industries. The need to reduce carbon emissions is growing around North America and Japan to protect the planet from global warming and other environmental issues. Carbon dioxide (CO2) is the major gas that accounted for the largest share of aircraft emissions. According to the Environment and Energy Study Institute, CO2 is accounting for approximately 70% of the total aircraft emissions.

North America and Japan Distillers Corn Oil MarketSegmentation Analysis

North America and Japan Distillers Corn Oil Market is segmented on the basis of End-Use, Distillation Type, Feedstock Type, and Geography.

North America and Japan Distillers Corn Oil Market, By End-Use

• Biodiesel Manufacturing• Livestock Feed• Others

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Based on End-Use, the market is bifurcated into Biodiesel Manufacturing, Livestock Feed, and Others. The Biodiesel Manufacturing segment is accounted for the largest market share in 2021 and is projected to grow at the CAGR of 9.64% during the forecast period. Distillers corn oil, valued for its high energy content, is frequently utilized as a feedstock for the manufacturing of biodiesel or as a valuable component in the diets of poultry and other livestock. However, distillers corn oil is currently becoming a popular feedstock for biodiesel production. Increase in popularity as a feedstock for the production of biodiesel fueling the growth of Distillers Corn Oil Market in North America and Japan region. Many ethanol-producing companies have started co-producing distillers of corn oil, and they have constructed these facilities directly at the ethanol plants. The growth of the U.S. biodiesel sector has led to an increase in the need for fats and oils, and distillers corn oil is a lipid source that is economically attractive. Existing ethanol facilities can add corn oil extraction equipment for a relatively little capital expenditure that can easily be completely repaid in less than one year. This is a result of the rising demand for distillers of corn oil used in the manufacturing of biodiesel. The manufacturing of biodiesel uses an integrated reactor/separation technique that is more effective.

North America and Japan Distillers Corn Oil Market, By Distillation Type

• Dry-milling Distillery• Wet-milling Distillery

Based on Distillation Type, North America and Japan Distillers Corn Oil Market have been segmented into Dry-milling Distillery and Wet-milling Distillery. The Dry-milling Distillery segment accounted for the largest market share and is projected to grow at the highest CAGR of 10.44% during the forecast period. The production of grain ethanol is the main goal of the corn dry milling method, which is less versatile and requires less capital. For use in the ethanol production process, the corn kernels are hammer crushed into a medium- to the fine-grind meal. Dried Distillers Grains (DDG), a low-value animal feed product, and fuel ethanol are the end products of a typical dry grind ethanol production. In an effort to benefit from higher-value co-products, dry fractionation methods have been adopted recently after the hammer milling operation. With varying degrees of effectiveness, various processing procedures have been used to remove non-fermentable parts of the corn kernel. Co-products from these dry fractionation operations are almost invariably less pure than those from the wet milling of corn. As a result of fermentable starch leaving the process with the co-products, the ethanol yield from a dry grind/dry fractionation process suffers.

North America and Japan Distillers Corn Oil Market, By Feedstock Type

• Edible Feedstock• Inedible Feedstock

Based on Feedstock Type, North America and Japan Distillers Corn Oil Market have been segmented into Edible Feedstock and Inedible Feedstock. The Edible Feedstock segment accounted for the largest market share and is projected to grow at the highest CAGR of 10.34% during the forecast period. In the U.S., distillers corn oil (DCO), a byproduct of ethanol manufacturing from corn, has gained popularity as a readily available feedstock for biodiesel. DCO and normal corn oil have many similarities; however, DCO has higher quantities of lutein and zeaxanthin, making it a beneficial element for poultry feed. It also has substantially larger quantities of free fatty acids than most other vegetable oils and is more stable than conventional corn oil.Additionally, in the coming five years, the global market for bio-lubricants is anticipated to increase by 20%. There is a demand for lubricants that are less harmful and more biodegradable, as seen by recent expansion in the healthcare and food-processing industries. The focus of research has recently shifted to enhancing bio-lubricants that use base oils made from feedstocks that are biodegradable. Because they are derived from edible feedstocks and are primarily biodegradable, distillers’ corn oils can be desirable base oils for bio-lubricants. It lacks the physical qualities (oxidative stability, thermal stability, and viscosity range) that give petroleum-based lubricants their outstanding performance; hence they cannot totally replace the more common petroleum-based lubricants. By adding chemicals, blending, or chemically altering the physical properties of bio-lubricants, the cost, toxicity, and biodegradability of the final product can all be raised.

North America and Japan Distillers Corn Oil Market, By Geography

• U.S.• Canada• Japan• Mexico

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Based on regional analysis, North America and Japan Distillers Corn Oil Market is classified into U.S., Canada, Japan, and Mexico. U.S Segment accounted for the largest market share and is projected to grow at a CAGR of 9.02 % during the forecast period. The U.S. surfaced as the fastest growing region in 2020 amid a strong need for Distillers Corn Oil from primary end-use diligence like automotive, structure and construction, and consumer goods. Distillers’ corn oil (DCO) is a coproduct of corn ethanol production and has become a popular and affordable biodiesel feedstock in the United States. DOC shares numerous parcels with conventional corn oil, but it has advanced situations of lutein and zeaxanthin, which make it a precious poultry feed component. It’s also more stable than traditional corn oil and has many advanced situations of free fatty acids than utmost other vegetable oils. Distillers Corn Oil is deduced from the production of corn-based ethanol. It’s a high-quality fat that’s employed as an animal feed ingredient. This product is intended for human consumption only. Green Plains produces distillers’ corn oil painting at multiple locales across the United States and is available throughout the time. Distillers Corn Oil is a light reddish-orange liquid that should be stored in a closed vessel with minimal exposure to the sun light.

Key Players

The “North America and Japan Distillers Corn Oil Market” study report will provide a valuable insight with an emphasis on the market including some of the major players such as Archer-Daniel Midland, Green Plains Inc, Cardinal Ethanol LLC, Redfield Energy LLC, POET LLC, United Wisconsin Grain Producers LLC, Aemetis Inc, Ace Ethanol LLC, Greenfield Global Inc, RPMG Inc, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In March 2021, In the Mid-Continent region of the United States, Valero Energy Corp. announced its participation in a massive carbon capture and sequestration pipeline system that will be used to transport and store carbon dioxide produced during the production of ethanol at its eight ethanol plants in Iowa, Minnesota, Nebraska, and South Dakota. With those eight ethanol facilities connected to the system, it anticipates being the anchorshipper

• In June 2022, ADM, a pioneer in sustainable agriculture and nutrition, and FBN (Farmers Business Network FBN), a global farmer-to-farmer network and AgTech Company, announced they had reached an agreement to make Gradable, FBN’s cutting-edge digital platform for managing farm businesses, more widely available to ADM’s network of farmers across North America.This will give 55,000 growers access to a comprehensive digital solution for running their operations and gathering data on sustainable production.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2022-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Archer-Daniel Midland, Green Plains Inc, Cardinal Ethanol LLC, Redfield Energy LLC, POET LLC, United Wisconsin Grain Producers LLC, Aemetis Inc, Ace Ethanol LLC, Greenfield Global Inc, RPMG Inc, and Others.

SEGMENTS COVERED

End-Use, Distillation Type, Feedstock Type, and Geography.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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