Global Canola Meal Market 2017-2021

This industry research report identifies Archer Daniels Midland, BUNGE, Cargill, CHS, and Wimar International as the key vendors in the global canola meal market. This industry research report also presents a comprehensive analysis of the market by product type (poultry, swine, ruminants, and aquatic animals) and by geography (the Americas, APAC, and EMEA).

Overview of the global canola meal market

Market research analysts at Technavio predict that the global canola meal market will grow steadily at a CAGR of more than 4% by 2021. Canola meal provides higher nutritional value and health benefits in comparison to other oilseed meals and is suitable for the growth and development of most of the animals. The consumption of canola results in increasing the yield of milk, drives weight gain, and also helps in increasing the intake of dry matter. In addition to containing sufficient protein supplement, canola is also cost-effective than other oilseed meals. As a result, canola poses as a better alternative to animal feed than other meals, which according to this market research analysis will be one of the primary growth factors for this market.

The increased demand for processed meat will be one of the major trends that will gain traction in the canola meal market during the next few years. The consumption of canola improves the nutritional value of meat from poultry animals, ruminants, aquatic animals, and other forms of meat and also improves their weight and flesh quality. Consumption of canola results in faster weight gain than other supplements. Processed meat is modified and altered to extend the shelf life of the product by adding salt or preservatives, smoking, curing, and other methods. The increased demand for processed meat will result in driving the need for canola for feeding the livestock animals.

Competitive landscape and key vendors

The canola meal market is dynamic and is intensely competitive. The key vendors compete based on factors such as quality, price, distribution, service, reputation, and promotion. The changing consumer spending patterns, the availability of local oilseed meals, price, and economic conditions are major factors that impact the performance of the vendors in this marketspace. Additionally, rapid technological advances and the increasing competition also impact the vendors’ operation in this global market.

The leading vendors in the market are -

• Archer Daniels Midland
• BUNGE
• Cargill
• CHS
• Wimar International

The other prominent vendors in the market are Hart AgStrong, Louis Dreyfus Company (LDC), Monsanto, PACIFIC COAST CANOLA, Parrish and Heimbecker, Resaca Sun Feeds, Richardson International, Sunora Foods, and Viterra.

Segmentation by animal type and analysis of the canola meal market

• Poultry
• Swine
• Ruminants
• Aquatic animals

Canola meal is primarily fed to poultry as it supports large quantities of egg production and shows no negative effect on the number of eggs produced, on the hatchability, and egg fertility. It is also used as a feed for geese and ducks since it does not have any side effects on the digestive systems of these poultry animals.

Geographical segmentation and analysis of the canola meal market

• Americas
• APAC
• EMEA

The increasing awareness of the health benefits of consumption of canola as an animal feed and the presence of countries such as Australia that is the key exporter of canola seed oil and meal contribute to the growth of this market in APAC. Partnerships to eliminate tariff and encourage exports of canola meal and oil in the region to improve the access to canola meal and seeds between APAC and Canada also influences the market’s growth in this region. This market research report estimates that APAC will be the major revenue contributor to this market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global canola meal market?
• What are the key market trends impacting the growth of the global canola meal market?
• What are the challenges to market growth?
• Who are the key vendors in the global canola meal market?
• What are the market opportunities and threats faced by the vendors in the global canola meal market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global canola meal market?

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