The canola meal market size is expected to see strong growth in the next few years. It will grow to $766.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to demand for canola meal, anti-nutritional factors, and high energy content, large-scale animal agriculture industries, growing awareness of the environmental benefits of canola meal, lower carbon footprint compared to alternative protein. Major trends in the forecast period include innovations in canola processing technology, expansion into emerging markets, expanding cultivation of canola crops, product innovation and diversification, introduction of new canola meals.
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Scope Of Canola Meal Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Canola Meal Market Overview
Market Drivers –
The demand for meat products is expected to drive the growth of the canola meal market going forward. Meat products refer to any food items derived from animal muscle tissue consumed as part of human diets. The demand for meat products is due to their rich source of high-quality protein, cultural and dietary preferences, and the increase in the global population. Canola meal is a vital feed ingredient that supports the efficient and sustainable production of high-quality meat products by providing essential nutrients to livestock and poultry. For instance, in December 2023, according to a report by the Food and Agriculture Organization of the United Nations (FAO), a US-based government organization, there was a 0.83% increase in global meat production from 362 million metric tons in 2022 to 365 million metric tons in 2023. Specifically, global bovine meat production increased from 75 million metric tons in 2022 to 75.9 million in 2023. Therefore, the demand for meat products drives growth in the canola meal market.
Market Trends –
Major companies operating in the canola meal market are focusing on developing innovative products, such as high-quality canola protein isolate, to gain a competitive advantage in the market. A high-quality canola protein isolate is a protein extract derived from canola seeds that contains all nine essential amino acids, making it a complete protein source. For instance, in November 2022, Koninklijke DSM N.V., a Netherlands-based bioscience company, launched Vertis CanolaPRO, a high-quality canola protein isolate, after over ten years of research and development. This new ingredient is designed to provide a complete plant-based protein source free from major allergens, such as soy, gluten, and dairy. Vertis CanolaPRO is produced from canola meal, a co-product of canola, with a small carbon footprint and no additional arable land required. The production process uses minimal water, low temperatures, and no solvents.
The canola meal market covered in this report is segmented –
1) By Type: Poultry, Swine, Ruminants, Aquatic animals
2) By Nature: Organic, Conventional
3) By Application: Feed, Fertilizer, Food Additive, Industrial Chemical
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Regional Insights –
Asia-Pacific was the largest region in the canola meal market in 2023. The regions covered in the canola meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the canola meal market are Cargill Incorporated, Archer Daniels Midland Company, BASF SE, Wilmar International Ltd., Bunge Global SA, Louis Dreyfus Company, Bayer AG, CHS Inc., Charoen Pokphand Foods PCL, Perdue Farms Inc., Koninklijke DSM N.V., Richardson International Limited, Parrish & Heimbecker Limited, MSM Milling, LaBudde Group Inc., Sunora Foods Inc., AGRIM PTE LTD, Aggarwal Impex Pvt. Ltd., Sunrise Foods Inc., East Coast Stockfeeds, Annachtra International Organisation LLP, Energrow Inc., Manishankar Oils Pvt. Ltd., Resaca Sun Feeds LLC, Parkar Enterprise
Table of Contents
1. Executive Summary
2. Canola Meal Market Report Structure
3. Canola Meal Market Trends And Strategies
4. Canola Meal Market – Macro Economic Scenario
5. Canola Meal Market Size And Growth
…..
27. Canola Meal Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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