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How has the canola meal market grown in recent years?

The canola meal market has grown strongly in recent years. It will rise from $600.11 billion in 2024 to $639.59 billion in 2025, at a compound annual growth rate (CAGR) of 6.6%. This growth is driven by the adoption of sustainable animal production systems, increased demand for high-quality protein animal feeds, environmentally friendly food products, and the benefits of canola meals in animal agriculture.

How is the canola meal market size expected to evolve during the forecast period?

The canola meal market is forecasted to grow to $814.3 billion by 2029, at a CAGR of 6.2%. Growth is driven by demand for canola meal, its high energy content, the large-scale animal agriculture industry, environmental awareness, and its lower carbon footprint compared to other protein sources. Trends include innovations in processing technology, expansion into emerging markets, increased canola crop cultivation, product diversification, and the introduction of new types of canola meal.

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Which key drivers are propelling the canola meal market’s growth?

The demand for meat products is expected to drive the growth of the canola meal market. Canola meal is an essential feed ingredient used in livestock and poultry production, helping to produce high-quality meat products. Global meat production is rising due to higher protein demand, cultural preferences, and population growth. The FAO reported a 0.83% increase in global meat production from 2022 to 2023. As a result, the demand for meat products boosts the canola meal market’s growth.

What are the market segments in the canola meal industry?

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 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 key trends are currently impacting the canola meal market’s development?

Companies in the canola meal market are developing high-quality canola protein isolate to gain a competitive edge. This protein extract from canola seeds is a complete source of protein, containing all nine essential amino acids. In November 2022, Koninklijke DSM N.V. introduced Vertis CanolaPRO, a plant-based protein isolate free from allergens like soy, gluten, and dairy. It is produced with minimal water and low temperatures and has a small carbon footprint.

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Which geographic areas are influencing the growth of 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.

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