Press release
Prominent Sunflower Meal Market Driver for 2025: Rising Demand For Animal Feed Fuels Growth In The Sunflower Meal Market
What Are the Projected Growth and Market Size Trends for the Sunflower Meal Market?The market size of sunflower meal has significantly increased in recent years, escalating from $6.43 billion in 2024 to an expected $6.92 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. This growth during the historic period is credited to factors such as the rising demand for animal feed, an increase in plant-based proteins, a surge in sunflower production, a growing acceptance of sustainable agricultural practices, an increase in livestock numbers, and the adoption of organic farming practices.
The market scale of sunflower meal is projected to experience robust growth in the years to come, surging to $9.18 billion by 2029 with a compound annual growth rate (CAGR) of 7.3%. The prediction of growth during the forecast period is due to factors such as a heightened emphasis on the health and nutrition of animals, increased agricultural infrastructure investment, an upswing in the number of livestock farms, augmented sunflower meal research investment, and a boost in sunflower meal imports. Emerging trends for the forecast period encompass technological progress, aquaculture feeds, genetic modifications, and substitute feed ingredients.
What Is Driving the Growth Trajectory of the Sunflower Meal Market?
The sunflower meal market's expansion is expected to be propelled by the rising need for animal feed. Animal feeds, specifically engineered to fulfill the dietary requirements of household pets, livestock, and poultry, are critical for improving growth, health, and productivity. The escalating worldwide consumption of animal-based products such as meat, dairy, and eggs, the surge in livestock production, and the demand for more effective animal agriculture fuel the need for animal feeds. Sunflower meal, a valuable high-protein, fiber-laden feed ingredient, provides critical nutrients to aid animal growth and wellbeing. For instance, the Department for Environment, Food, and Rural Affairs, a ministerial department based in the UK, reported that in July 2024, the overall volume of animal feed saw an increase of 5.9% from 29.3 million metric tons in 2022 to 31.1 million metric tons in 2023 due to a 24% rise in inter/intra farm sales. Thus, it is evident that the escalating need for animal feed is fuelling the growth of the sunflower meal market.
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Which Leading Companies Are Shaping the Growth of the Sunflower Meal Market?
Major companies operating in the sunflower meal market are Glencore Agriculture Limited, Cargill Incorporated, Archer Daniels Midland Company, Wilmar International Limited, Louis Dreyfus Company B.V., Tereos Group, GrainCorp Limited, Kernel Holding S.A., Aston Corporation, Zenith Eclipse Company, COFCO Corporation, Sodrugestvo Group S.A., VIOIL Holding S.A., Volza S.A., Agrex Inc., Sunrise Foods International Limited, CMS Industries Inc., Allseeds Group, Olam International Limited, Prorich Agro Private Limited, Sunkraft Agro LLP, Optimus Agro Limited
How Is the Sunflower Meal Market Evolving?
Leading firms in the sunflower meal market are adopting a strategy of tactical alliances to support food sustainability. This strategy involves companies leveraging each other's assets and capabilities to achieve mutual benefits and success. For example, in May 2024, the Asian Development Bank (ADB), a financial institution based in the Philippines, entered into a partnership with Rupshi Seed Crushing Limited, a Bangladesh-based sunflower meal producer. This collaboration will lead to the construction of an environmentally-friendly multi-oilseed crushing facility in the City Economic Zone of Narayanganj District, Bangladesh, which will replace an older, less efficient plant. The upgraded facility is projected to conserve 1.3 million cubic meters of water, cut down fuel usage by 1,000 tons, decrease energy expenses by 9 kilowatt-hours per ton, and reduce greenhouse gas emissions by 1,723 tons annually, all the while sustaining a daily production capacity of 3,000 metric tons of soybean seed crushing. The plant will also be able to process a variety of oilseeds, including soybean, canola, and sunflower, which will increase their resilience to crop failure or price volatility. The innovative technology will enhance the quality of oilseeds and oilseed cakes, which are high in protein and utilized for animal feed.
What Are the Key Segments of the Sunflower Meal Market?
The sunflower meal market covered in this report is segmented -
1) By Products: Sunflower Meal Pellets; Sunflower Meal Powder; Sunflower Meal Cakes
2) By Source: Decorticated Sunflower Seeds; Whole Sunflower Seeds
3) By Applications: Ruminants; Swine; Poultry; Other Applications
Subsegments:
1) By Sunflower Meal Pellets: Standard Sunflower Meal Pellets; Organic Sunflower Meal Pellets; High-Protein Sunflower Meal Pellets
2) By Sunflower Meal Powder: Conventional Sunflower Meal Powder; Organic Sunflower Meal Powder; Non-GMO Sunflower Meal Powder
3) By Sunflower Meal Cakes: Pressed Sunflower Meal Cakes; Expeller-Pressed Sunflower Meal Cakes; De-oiled Sunflower Meal Cakes
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Which Region Dominates the Sunflower Meal Market?
Asia-Pacific was the largest region in the sunflower meal market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the sunflower meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Sunflower Meal Global Market Report?
- Market Size Analysis: Analyze the sunflower meal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the sunflower 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 sunflower meal market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the sunflower meal market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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