Canola Meal Market Outlook
Rising in
the livestock and the consumption of animal products globally make an essential
contribution to the economic and nutritional well-being of people worldwide.
Animal feeds play a foremost part in the global food industry coupled with feed
is the most crucial factor to ensure safe, abundant, and affordable animal
proteins. Over the last few years, there is a continued increase in the demand
for animal protein worldwide including for dairy, livestock, and fish. Thus,
canola meal is used as a feed for poultry, swine, cattle, and also usually used
in fish feed as a protein source. Canola meal is a by-product which is
developed after the extraction of canola oil. Canola meal is edible with an
excellent amino acid as well as low level of glucosinolates and erucic acid.
Canola seeds are traditionally processed using prepress solvent extraction
method to separate the oil from the meal. Canola meal helps in increasing milk
production by 1 liter of milk, per cow, per day. Most of the countries that
produce or imports canola primarily do so for the oil extraction. After soybean
meal, canola meal is the second most widely traded protein ingredient used in
compounded livestock rations globally.
Reasons for Covering Canola Meal Market Title
Steadily
increasing in the production of canola due to rise in global demand,
accelerating demand for animal feed products with high-quality protein source
around the world, growing awareness of health benefits associated with canola
meal used as an animal feed, and frequently launch of novel products.
Additionally, growing trend of product premiumization, as well as consumers,
are demanding for premium edible vegetable oil and increasing trade of canola
seed, and canola meal products worldwide are some of the factors fueling the growth
of the canola meal market during the forecast period. However, canola meal has
low protein content compared to soybean meal, increasing market competition
from the alternative oilseeds meal manufacturers, the high cost of
transportation related to canola meal, and growing industrial standards may
hinder to the global canola
meal market in the near future.
Global Canola Meal: Market Segmentation
On the
basis of livestock, the global canola meal market has been segmented as –
·
Ruminants
·
Swine
·
Poultry
·
Aquaculture
·
Others
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=52812
Global Canola Meal Market: Key Players
Some of
the key players operating in the global Canola Meal market are Archer Daniels
Midland, Cargill, Incorporated, Bunge Limited, CHS Inc., Wilmar International
Limited, DowDuPont Inc., Pacific Coast Canola, Union Point Custom Feeds, and
others.
The Canola
Council of Canada has entered into a strategic partnership with Chinese
aquaculture and swine nutritionist experts to research and develop canola meal
products for livestock and fish rations. Canada accounts for around more than
half of the global trade of canola meal, canola seed, and oil owing to which
Canadian producers continue to increase canola area and production. Growing
demand for vegetable oils in developing countries such as India and China and
expanding animal feed industry are some of the leading factors driving the
growth of the global canola meal market. Increasing use of canola meal in the
healthy diet of finishing pigs owing to the presence of low levels of
glucosinolates in the canola meat product and rise in demand for protein meal
for animals that do not have high energy and lysine requirements is expected to
grow the canola meal market during the forecast period.
More
Trending Reports
Opportunities for Global Canola Meal Market Participants
The canola
seed is processed and form canola meal which is used in animal feeds in various
countries globally. Canada, Australia, China, the European Union, and India are
the major producers of canola meal worldwide. According to the Canola Council
of Canada, In Canada, canola seed production was approximately 17 million
metric tonnes in 2014 which is steadily increasing per year. Around 80% of
Canada’s canola meal exported to fish farms in China. Moreover, the rise in
demand for healthiest culinary oils and nutritional products, expanding hog
industry coupled with expanding oil crop production globally are the factors
due to which canola meal market revenue is expected to grow at a rapid growth
rate, over the forecast period.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=52812<ype=S
Comments
Post a Comment