Increasing Livestock Production and Growing Demand for Animal Feed to Steer Rapeseed Meal Market Past US$ 8.6 Billion by 2034 | Future Market Insights, Inc.
Global demand for protein-rich animal feeds continues to rise, rapeseed meal manufacturers anticipate significant growth opportunities, poised to meet the increasing needs of the livestock and poultry industry with their nutrient-dense and sustainable feed solutions.
NEWARK, Del, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Global rapeseed meal market sales are estimated to be valued at around *US$ 4.8 billion* in 2024. Over the assessment period, rapeseed meal demand is poised to rise at a *CAGR of* *6.1%*, with total market valuation reaching *US$ 8.6 billion* *by 2034*.The market growth will likely be propelled by a combination of several factors during the forecast period. These include:
· Expanding livestock and poultry sectors
· Growing awareness of the nutritional benefits of rapeseed meal
· Surging need for protein-rich animal feeds
· Rising demand for meat, dairy items, and other food products
· Increasing export of rapeseed meal
· Favorable government policies
· Reduction in rapeseed meal prices*Tap into Market Opportunities and Stay Ahead of Competitors - Get Your Sample Report Now:* https://www.futuremarketinsights.com/reports/sample/rep-gb-18840
Rapeseed meal, also known as canola meal, is gaining immense traction in animal feed due to its high protein and nutritional value. Its demand is expected to rise significantly due to increasing need for high-protein feed to support the growing world population and rising per capita meat consumption.
Demand for rapeseed meal is growing amid rising need for high-protein animal feed ingredients. To promote livestock production, there is an increasing need for feed that is high in protein due to the growing world population and rising per capita meat consumption.
With a protein level between 35% and 40%, rapeseed meal is an ideal replacement for other protein sources like soybean meal. For feed manufacturers, its cost-effectiveness and nutritional makeup make it a desirable option.
Rapeseed meal is the second major oilseed meal produced worldwide (after soybean meal). Growing awareness among consumers regarding the nutritional benefits of rapeseed meal is expected to boost growth of the rapeseed meal industry through 2034.
Increasing consumption of meat and dairy products is anticipated to uplift demand for protein-rich animal feeds. This will likely create lucrative growth opportunities for rapeseed meal manufacturers during the assessment period.
Rapeseed is grown in several regions worldwide. Countries like Germany, France, Canada, and China are leading rapeseed producers. Consumption of rapeseed meals is growing strongly in the European Union, China, and the United States. On the other hand, Canada and India remain the major exporters of rapeseed meals.
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*Key Takeaways from the Report: *
· The global market for rapeseed meal is expected to reach a valuation of *US$ 8.6 billion* by 2034.
· By nature, the conventional segment will likely hold a dominant market share of *90.0%* in 2024.
· Based on application, the feed segment is set to account for a value share of *75.0%* in 2024.
· The United States market size is projected to reach *US$ 1.3 billion *by 2034
· Sales in China are estimated to total *US$ 2.0 billion *in 2034.
· Germany is poised to record a *CAGR of 4.1%* through 2034.
*“The global rapeseed meal market is projected to expand rapidly due to increasing need for high-protein feed to support the growing world population and rising per capita meat consumption*,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
*Key Companies Profiled:*
· DSM
· Ulrick & Short
· Target Feeds
· GP Feeds Ltd
· Cargill
· Wilmar International
· Hbgo
· Bunge
· Bgg
· Sinograin
· Sanxing Group
· Herun Group
· Other PlayersKey players are focusing on launching new products as well as exploring new application areas for rapeseed meal. They also implement strategies like mergers, acquisitions, collaborations, partnerships, and facility expansions to solidify their market positions. For instance,
· In 2023, *DSM* introduced Vertis™ CanolaPRO®, a high-quality canola protein isolate produced from canola meal, a co-product of canola/rapeseed oil production
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Future Market Insights (FMI) has released an objective assessment of the global rapeseed meal market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.
The report provides growth projections based on type (expeller-pressed rapeseed meal and solvent-extracted rapeseed meal), application (aquaculture, livestock, and pet food), nature (organic and conventional), and region.
*Rapeseed Meal Market by Category**By Type:*
· Expeller-pressed Rapeseed Meal
· Solvent-extracted Rapeseed Meal
*By Application:*
· Feed
· Aquaculture
· Livestock
· Pet Food
· Fertilizer
· Food Additive
· Others*By Nature:*
· Organic
· Conventional
*By Region:*
· North America
· Latin America
· Europe
· East Asia
· South Asia
· Middle East & Africa
*Authored by:*Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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*About Future Market Insights (FMI) *
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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