Global Canola Meal Market 2017-2021
About Canola Meal
Canola is derived from rapeseed, and is grown using various traditional plant breeding techniques. These techniques help to lower the erucic acid and glucosinolate content in canola. Canola is also known as double-zero rapeseed in Europe as it contains low erucic acid and glucosinolates. A typical canola seed contains more than 40% oil, which is used as premium edible vegetable oil, and the rest of the content is used as canola meal. Canola meal, therefore, is the by-product that is produced after the extraction of canola oil. Canola meal is used as a feed for poultry, cattle, fish, and swine, mainly as a source of protein. The major producers of canola meal are Canada, Australia, China, the European Union (EU), and India.
Technavio’s analysts forecast the global canola meal market to grow at a CAGR of 4.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global canola meal market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of canola meal.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Canola Meal Market 2017-2021
Technavio recognizes the following companies as the key players in the global canola meal market: Archer Daniels Midland, BUNGE, Cargill, CHS, and Wilmar International.
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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased demand for processed meat. Processed meat is modified and altered to extend the shelf life of the product by adding salt or preservatives, smoking, curing, and other methods. It includes poultry animals, ruminants, aquatic animals, and other forms of meat. The nutritional value of the meat from these animals, their weight, and flesh quality can be increased if these animals are fed with proper food supplements and nutrients. Canola meal helps in faster weight gain in these animals than other supplements. In China, this is one of the primary reasons for increase in demand and exports of canola meal from other countries. Added to this, the demand for processed meat is increasing very rapidly. Thus, the increase in demand for processed meat would also increase the demand for canola meals for feeding the livestock animals.”
According to the report, one of the major drivers for this market is Nutritional benefits. Canola meal is used to feed animals, mainly poultry, cattle, fish, and swine as a protein source. The nutritional composition of canola meal (seeds) varies according to the environmental and harvest conditions. It is one of the palatable sources of protein for animals. Canola meal typically contains more than 35% protein. However, the amount of protein varies according to soil and weather conditions during the harvest. Canola meal contains suitable amounts of amino acids for it to be used as an animal feed. The proportion of amino acids varies according to the protein content in the canola meal. It contains higher fiber content than other vegetable protein. Canola meal is also considered as a good source of minerals when compared to other oilseed meals.
Further, the report states that one of the major factors hindering the growth of this market is competition from other oilseed meals. Canola meal faces stiff competition from other oilseed meals and meals like soybean meal, cornmeal, and cottonseed meal. Soybean meal is produced as a by-product during the extraction of soybean oil from soybean seeds. It is used as a protein supplement and a source of metabolizable energy. The demand for soybean meal is high, particularly in developed countries. It has also become popular in developing countries, especially in Asia. It is mainly used as feed for swine and poultry.
Archer Daniels Midland, BUNGE, Cargill, CHS, Wilmar International, Hart AgStrong, Louis Dreyfus Company (LDC), Monsanto, PACIFIC COAST CANOLA, Parrish and Heimbecker, Resaca Sun Feeds, Richardson International, Sunora Foods, and Viterra
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