2025 Canola Meal Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Canola Meal Industry Market Size Be by 2025?
In recent years, the canola meal market has seen robust growth. The market, which was valued at $600.11 billion in 2024, is projected to increase to $639.59 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. Factors such as the incorporation of sustainable animal production methods, augmented demand for high-quality protein enriched animal feeds, the sourcing of environmentally-sensitive food items, rising cognizance and perceived advantages of canola meals, as well as canola meal products tailored to the developing requirements of the field of animal agriculture have contributed to this growth during the historic period.

What's the Long-Term Growth Forecast for the Canola Meal Market Size Through 2029?
In the coming years, the canola meal market is anticipated to experience substantial growth, reaching $814.3 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This growth during the projected period is due to the increasing demand for canola meal, its high energy content, and the presence of anti-nutritional factors. The market expansion can also be accredited to the growth of large-scale animal agriculture industries and the growing acknowledgement of canola meal's environmental benefits, including its reduced carbon footprint in comparison to alternative proteins. The forecast period is expected to see major trends such as innovations in canola processing technology, market expansion in emerging regions, growth in canola crop cultivation, introduction of new canola meals, and increased product innovation and diversification.

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What Are the Key Growth Drivers Fueling the Canola Meal Market Expansion?
The canola meal market's expansion is anticipated to be fueled by the increasing demand for meat products. Meat products, encompassing all foods derived from animal muscle tissue consumed in human diets, are in high demand primarily due to their high-quality protein content, cultural and dietary inclinations, and the rising global population. Canola meal, a crucial feed component, facilitates the effective and sustainable production of superior meat products by providing essential nutrients to farm animals like livestock and poultry. For instance, a report by the Food and Agriculture Organization of the United Nations (FAO), a US-government organization, in December 2023 indicated a 0.83% rise in worldwide meat production from 362 million metric tons in 2022 to 365 million metric tons in 2023. Specifically, the production of global bovine meat rose from 75 million metric tons in 2022 to 75.9 million in 2023. Hence, the escalating demand for meat products propels the growth of the canola meal market.

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What Are the Key Trends Driving Canola Meal Market Growth?
Primary players in the canola meal market are channeling their focus on innovative product development, like canola protein isolate of premium quality, for establishing a competitive edge. This isolate, a protein extract from canola seeds, includes all nine crucial amino acids, meaning it qualifies as a comprehensive protein source. As an example, in November 2022, Koninklijke DSM N.V., a Dutch bioscience firm, introduced Vertis CanolaPRO after more than a decade of research. This newly formulated ingredient is a holistic plant-based protein source loaded with zero major allergens like soy, gluten, or dairy. It is manufactured using canola meal, a canola byproduct, maintaining a small carbon impact, and without requiring extra farming land. The method employed for its production involves low water usage, reduced temperatures, and zero solvents.

How Is the Canola Meal Market Segmented?
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 Companies Are Leading the Charge in Canola Meal Market Innovation?
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

Which Regions Are Leading the Global Canola Meal Market in Revenue?
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.

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