Global Canola Meal Market to Reach $814.3 Billion by 2029, Growing at 6.2% CAGR

What Is the Expected Size and Growth Rate of the Canola Meal Market?
In recent times, the canola meal market has witnessed robust expansion. The market size, set to evolve from $600.11 billion in 2024 to $639.59 billion in 2025, projects a compound annual growth rate (CAGR) of 6.6%. Factors like sustainable animal production systems' adoption, the mounting demand for animal feeds with superior protein sources and environmentally benign food products, heightened consciousness, and canola meals' advantages have contributed to this growth experienced in the historical period. Canola meal items also cater to the changing requirements of the animal agriculture industry.

The canola meal industry size is projected to experience substantial expansion in the upcoming years, forecasted to reach a value of $814.3 billion in 2029, with a compound annual growth rate of 6.2%. The growth within the forecasted period is likely to be driven by factors such as increased demand for canola meal, its high-energy content, and anti-nutritional aspects, growing large-scale animal agriculture industries, as well as the escalating consciousness surrounding its environmental benefits and lower carbon footprint against other protein alternatives. Noteworthy trends within this forecasted period include advancements in canola processing technology, market expansion into developing regions, growing cultivation of canola crops, product innovation and diversification, and the introduction of new canola meal products.

What Is Driving the Growth Trajectory of the Canola Meal Market?
The canola meal market's expansion is anticipated to be propelled by the growing demand for meat products. Meat products, encompassing any food items derived from animal muscle tissue included in human diets, are in high demand due to their wealth of high-quality protein, cultural and dietary predilections, and the rise in the worldwide population. For the effective and sustainable production of top-tier meat products, canola meal plays a critical role as it supplies crucial nutrients to livestock and poultry. For example, a US-based government organization, the Food and Agriculture Organization of the United Nations (FAO), reported in December 2023 that there was a 0.83% uplift in global meat production, from 362 million metric tons in 2022 to 365 million metric tons in 2023. More specifically, worldwide bovine meat production saw an increase from 75 million metric tons in 2022 to 75.9 million in 2023. Therefore, the growing demand for meat products positively affects the growth in the canola meal market.

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Which Leading Companies Are Shaping the Growth of the Canola Meal Market?
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 Organization LLP, Energrow Inc., Manishankar Oils Pvt. Ltd., Resaca Sun Feeds LLC, Parkar Enterprise

What Are the Major Trends Shaping the Canola Meal Market?
Premier businesses in the canola meal sector are concentrating on product innovation, like the creation of high-grade canola protein isolate, to establish a competitive edge. High-quality canola protein isolate is a protein concentrate extracted from canola seeds which possesses all nine vital amino acids, thus making it a comprehensive protein resource. To illustrate, Koninklijke DSM N.V., a bioscience establishment based out of the Netherlands, introduced Vertis CanolaPRO in November 2022, which is a superior canola protein isolate, following over a decade of research and development. This fresh ingredient offers a holistic plant-based protein source that is devoid of key allergens including soy, gluten, and dairy. Vertis CanolaPRO, a derivative of canola meal which is a subsidiary byproduct of canola, has a minimal carbon footprint and doesn't necessitate additional farming land. The manufacturing process requires less water usage, lower temperatures, and refrains from using solvents.

What Are the Key Segments of the Canola Meal Market?
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

Subsegments:
1) By Poultry: Broilers, Layers, Breeders
2) By Swine: Weaned Pigs, Grower Or Finisher Pigs, Sows
3) By Ruminants: Cattle (Beef And Dairy), Sheep, Goats
4) By Aquatic Animals: Fish (Salmon, Trout), Shrimp, Other Aquatic Species

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Which Region Dominates the Canola Meal Market?
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.

What Is Covered In The Canola Meal Global Market Report?

- Market Size Analysis: Analyze the Canola Meal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Canola Meal Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Canola Meal Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Canola Meal Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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