Sunflower Meal Market Size, Share, Opportunities, And Trends By Form (Pellets, Cakes, Ground Up Powder), By End Use (Ruminants (Dairy, Beef, Sheep, Swine, Poultry)), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615396
- Pages : 138
The global sunflower meal market was valued at US$1,494.809 million in 2021.
Sunflower meal is a protein-rich byproduct of sunflower seed oil. It is the fourth most significant oil meal in production, behind soybean, rapeseed, and cottonseed meals. Sunflower meal products are widely accessible, ranging from low-quality straw-like meals to high-quality flours. The low-fiber and high-protein nature of sunflower meals makes them a great feed choice for swine and poultry.
Sunflower meals are expected to witness a growing demand from cattle, dairy, and aquaculture sectors. The demand for animal protein, such as dairy, cattle, fish, and swine, is growing rapidly. As a result, the demand for cheap protein-rich feed such as sunflower meals is rising. United Nations has predicted that the world population will reach 9 billion by 2050, raising the demand for food by 60 percent. The feed industry must satisfy future demand sustainably and safely while retaining consumer trust and confidence in the food supply chain. Therefore, the flourishing animal feed industry is also driving the growth of the sunflower meal market.
The growing demand for nutritious animal feed is supporting the sunflower meal market growth.
Sunflower meal is a key protein source in animal feed, particularly for dairy cattle, chickens, and pigs. It is high in protein, fiber, and oil. It contains 29 to 30 percent protein and 27-31 percent crude fiber. Sunflower meal does not include any substances that impact animal nutrition making them safe for various livestock animals. Sunflower is also high in calcium, phosphorus, and A & B vitamins essential for animal growth. Sunflower meal is high in macronutrients necessary for overall animal development. They are also more degradable than soybean or rapeseed meals, making them the ideal choice for animal feed. Sunflower meal has a high-fat content, making it a suitable feed for dairy cows since farmers frequently add fat to increase the milk quality collected from the cows. Therefore, the high nutritious content of sunflower meals makes them a popular choice among farmers, driving the growth of the global market.
Demand for sunflower meal in ruminant feed is on the rise.
Ruminants fed low-quality forages such as winter range, crop aftermath, or other low-quality forages require supplementary degradable protein, boosting overall intake, forage digestibility, and performance. Protein can be provided using a variety of feeds, byproducts, or oilseed meals. Sunflower meal acts as a protein supplement in ruminant feed. Sunflower meals aid in faster milk production in lactating animals such as cows and sheep. They are a great feed option for ruminants due to their high oil and amino acid content. Sunflower meals can also reduce weight and condition score reductions in cattle cows.
Asia Pacific is anticipated to hold a significant share of the global sunflower meal market.
The Asia Pacific region will experience rapid expansion throughout the projection period due to the growing demand for cheap protein-rich animal feed. Countries like India and China have a massive share in the commercial animal feed industry. According to the International Feed Industry Federation, China's total industrial feed output was 252.7 million tons in 2020, representing a 10.4 percent increase from the previous year. The total output for pig, ruminant, and poultry feed increased by 16.4 percent, 18.9 percent, and 7.5 percent, respectively in 2020. Moreover, the presence of a well-established agriculture industry and increasing investment are also spurring regional demand for sunflower meals.
Market Developments:
- In February 2022, SDSP, or South Dakota Soybean Processors LLC, planned to build a multi-seed processing factory near Mitchell, South Dakota, in the United States. The facility is scheduled to open in 2025. The new facility will process 35 million bushels of sunflowers annually.
- In April 2022, Burcon NutraScience and Pristine Gourmet are collaborating with Protein Industries Canada to harness Canada's supply of sunflower seeds in a research study. Canadian companies are setting the standard for plant-based protein products, this time by harnessing the potential of sunflowers. This research will improve innovative techniques for extracting protein from plant seeds. By doing so, our sector will continue contributing to a rising global population's food security by producing high-quality, sustainable goods.
Sunflower Meal Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$1,494.809 million |
Growth Rate | CAGR during the forecast period |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Million |
Segments Covered | Form, End Use, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Archer-Daniels-Midland Company, Cargill, Wilmar International, Optimus Agro Holding, Aston, Mezpology, Allseed |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Form
- Pellets
- Cakes
- Ground up Powder
- By End Use
- Ruminants
- Dairy
- Beef
- Sheep
- Swine
- Poultry
- Ruminants
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
Sunflower Meal Market was valued at US$1,494.809 million in 2021.
Prominent key market players in the sunflower meal market include Archer Daniel Midland, Cargill, Wilmar International, Optimus Agro Holding, and Aston, among others.
The sunflower meal market has been segmented by form, end-use, and geography.
The growing demand for nutritious animal feed will support the sunflower meal market growth.
Asia Pacific is anticipated to hold a significant share of the global sunflower meal market due to the growing demand for cheap protein-rich animal feed.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. SUNFLOWER MEAL MARKET BY FORM
5.1. Introduction
5.2. Pellets
5.3. Cakes
5.4. Ground up Powder
6. SUNFLOWER MEAL MARKET BY END-USE
6.1. Introduction
6.2. Ruminants
6.2.1. Dairy
6.2.2. Beef
6.2.3. Sheep
6.3. Swine
6.4. Poultry
7. SUNFLOWER MEAL MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Spain
7.4.5. Others
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. Japan
7.6.2. China
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Archer-Daniels-Midland Company
9.2. Cargill
9.3. Wilmar International
9.4. Optimus Agro Holding
9.5. Aston
9.6. Mezpology
9.7. Allseeds
Archer-Daniels-Midland Company
Cargill
Optimus Agro Holding
Aston
Mezpology
Allseed
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Animal Protein Ingredients Market: Size, Share, Report, Forecast 2030 | Nov 2024 | |
Ready Meals Market Size & Share: Industry Report, 2023-2028 | Oct 2023 | |
Cornmeal Market Size, Share & Trends: Industry Report, 2022-2027 | Aug 2022 | |
Insect Animal Feed Market Size & Share: Report, 2023–2028 | May 2024 | |
Copra Meal Market Size & Share: Industry Report, 2023 - 2028 | Jul 2023 |