The global beet pulp market is expected to be worth $268.30 million in 2022. Changing customer preferences for safer food for livestock will help the market reach a total of US$ 595.3 million by 2033, with a CAGR of 8% from 2023 to 2033.
There are several nutritional advantages to beet pulp for cattle. It helps the many bacteria that live in the horse’s hindgut as beet pulp is a prebiotic. It provides about 1,000 kcals per pound, and thus it can be used to help underweight horses put on weight. Volatile fatty acids, or VFAs, are waste products produced when bacteria digest beet pulp in the hindgut.
These byproducts are ingested and transformed into energy. The amount of glucose or insulin is not increased as a result of this energy, which is gradually released for a more constant supply. Given its high calorie density and beneficial effects on the microbiota, beet pulp is commonly employed as a component in industrial grain concentrates.
North America holds the majority of the worldwide market for beet pulp due to its high production and consumption rates. The adoption of new rules governing employers and manufacturers, together with improvements to health care facilities, will all boost productivity and drive revenues to new heights.
The Asia Pacific region’s beet pulp market is also profitable, and it is expected to develop significantly because to rising demand for active swine feed and dairy feed segments in emerging economies such as India and China. More milk producers are switching from standard bovine feed to a compound feed that is more nutritionally balanced as they realize the full benefits of increased output from nutrient-rich feed, which is driving the market for cow feed to rise fast.
Key Takeaways from the Market Study
- The global beet pulp market is expected to be valued at US$ 279 million by 2023
- From 2018 to 2022, the market demand expanded at a CAGR of 2.4%
- From 2023 to 2033, the United States is projected to account for an 88.4% market share.
- The Indian beet pulp market to experience a CAGR of 8.1% from 2023 to 2033
- By product type, the dried beet pulp was estimated to acquire more than 40% share in 2022.
- By livestock, the cow segment acquired a market share of 28%.
“Beet pulp helps livestock maintain their weight, and feeding it is a smart method to supply extra calories without introducing a lot of starch or sugar. Benefits as these will propel the global demand during the forecast period.” remarks an FMI analyst.
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Competitive Landscape
Prominent players in the beet pulp market are:
- Amalgamated Sugar
- Michigan Sugar
- Midwest Agri
- Tereos
- British Sugar
- Nordzucker
- Ontario Dehy Inc.
- American Crystal Sugar
- Delta Sugar Company
- Nippon Beet Sugar Manufacturing
Some key developments of the leading companies in this market are:
- Standlee Smart Beet provides horses with a high calorie fiber source. These beet pulp can be fed to adult horses at a rate ranging from 0.05 to 0.2% of their body weight per day, depending on activity rate. It is advised for underweight animals, performance horses, elderly horses, the horses sensitive to carbs, and pregnant and nursing mares.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global beet pulp market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the beet pulp market, the market is segmented on the basis of beet pulp by product (wet pulp, pressed pulp, dried pulp, ensiled pulp), livestock (cow, horse, sheep, goat, pig, buffaloes, mules, asses), category (molassed, unmolassed), sales channel (modern trade, specialty store, departmental store, convenience store, online retailers) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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