Global rapeseed meal market sales are estimated to be valued at around US$ 4.8 billion in 2024. Over the assessment period, rapeseed meal demand is poised to rise at a CAGR of 6.1%, with total market valuation reaching US$ 8.6 billion by 2034.
The market growth will likely be propelled by a combination of several factors during the forecast period. These include:
- Expanding livestock and poultry sectors
- Growing awareness of the nutritional benefits of rapeseed meal
- Surging need for protein-rich animal feeds
- Rising demand for meat, dairy items, and other food products
- Increasing export of rapeseed meal
- Favorable government policies
- Reduction in rapeseed meal prices
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Rapeseed meal, also known as canola meal, is gaining immense traction in animal feed due to its high protein and nutritional value. Its demand is expected to rise significantly due to increasing need for high-protein feed to support the growing world population and rising per capita meat consumption.
Demand for rapeseed meal is growing amid rising need for high-protein animal feed ingredients. To promote livestock production, there is an increasing need for feed that is high in protein due to the growing world population and rising per capita meat consumption.
With a protein level between 35% and 40%, rapeseed meal is an ideal replacement for other protein sources like soybean meal. For feed manufacturers, its cost-effectiveness and nutritional makeup make it a desirable option.
Rapeseed meal is the second major oilseed meal produced worldwide (after soybean meal). Growing awareness among consumers regarding the nutritional benefits of rapeseed meal is expected to boost growth of the rapeseed meal industry through 2034.
Increasing consumption of meat and dairy products is anticipated to uplift demand for protein-rich animal feeds. This will likely create lucrative growth opportunities for rapeseed meal manufacturers during the assessment period.
Rapeseed is grown in several regions worldwide. Countries like Germany, France, Canada, and China are leading rapeseed producers. Consumption of rapeseed meals is growing strongly in the European Union, China, and the United States. On the other hand, Canada and India remain the major exporters of rapeseed meals.
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Key Takeaways from the Report:
- The global market for rapeseed meal is expected to reach a valuation of US$ 8.6 billion by 2034.
- By nature, the conventional segment will likely hold a dominant market share of 90.0% in 2024.
- Based on application, the feed segment is set to account for a value share of 75.0% in 2024.
- The United States market size is projected to reach US$ 1.3 billion by 2034
- Sales in China are estimated to total US$ 2.0 billion in 2034.
- Germany is poised to record a CAGR of 4.1% through 2034.
“The global rapeseed meal market is projected to expand rapidly due to increasing need for high-protein feed to support the growing world population and rising per capita meat consumption,” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Companies Profiled:
- DSM
- Ulrick & Short
- Target Feeds
- GP Feeds Ltd
- Cargill
- Wilmar International
- Hbgo
- Bunge
- Bgg
- Sinograin
- Sanxing Group
- Herun Group
- Other Players
Key players are focusing on launching new products as well as exploring new application areas for rapeseed meal. They also implement strategies like mergers, acquisitions, collaborations, partnerships, and facility expansions to solidify their market positions. For instance,
- In 2023, DSM introduced Vertis™ CanolaPRO®, a high-quality canola protein isolate produced from canola meal, a co-product of canola/rapeseed oil production
Get More Valuable Insights
Future Market Insights (FMI) has released an objective assessment of the global rapeseed meal market, presenting past demand data from 2019 to 2022 and projecting forecast statistics for the 2024 to 2034 period.
The report provides growth projections based on type (expeller-pressed rapeseed meal and solvent-extracted rapeseed meal), application (aquaculture, livestock, and pet food), nature (organic and conventional), and region.
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Rapeseed Meal Market by Category
By Type:
- Expeller-pressed Rapeseed Meal
- Solvent-extracted Rapeseed Meal
By Application:
- Feed
- Aquaculture
- Livestock
- Pet Food
- Fertilizer
- Food Additive
- Others
By Nature:
- Organic
- Conventional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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