Latest News- Canola Meal Market: Animal feed is expected to lead the Application segment during 2025-2029

The Canola Meal Market is being driven by Increasing demand for canola meal in poultry industry

The Canola Meal Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 483.7 million. The online distribution channel has revolutionized the global canola meal market, offering a convenient and accessible platform for equine healthcare professionals and enthusiasts to procure canola meal products. The burgeoning e-commerce sector and the widespread adoption of digital technologies have positioned online platforms as indispensable components of the industry. One of the most significant benefits of this distribution channel is its convenience, enabling customers to browse and purchase canola meal offerings from the comfort of their homes or stables, thereby eliminating the need for time-consuming physical store visits. Furthermore, online platforms provide customers with comprehensive product information, customer testimonials, and comparison tools, empowering informed decision-making. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Animal feed
  • Industrial
• Type
  • Conventional
  • Organic
• Channel
  • Direct sales (B2B)
  • Distributors or wholesalers
  • Online retail
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for canola meal in poultry industry
• Rising focus on animal productivity and performance
• High demand for canola meal in cattle feed

However, the market also witnesses some limitations, which are as follows:

• High competition from other protein source
• Increase in raw material prices needed for canola meal
• Presence of inherent anti-nutritional factors

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Market Scope in Canola Meal Market Research Report

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Research Analysis Overview

The Canola Meal market is centered around Canola Seeds, derived from Oilseed Rape (Brassica Napus), offering high yield potential, disease and pest resistance, and herbicide tolerance through genetic modification and hybrid varieties. Agronomic practices and harvesting techniques ensure optimal quality, while storage and handling maintain moisture content and prevent contamination. Quality testing assesses fatty acid composition, erucic acid content, gluten content, dietary fiber, and health benefits. Heart health improvements include cholesterol reduction, omega-3 fatty acids, and consumer preferences drive food labeling and perception.

Market Research Overview

The Canola Meal Market is a significant segment within the animal feed industry, with key players focusing on supplying high-protein feed ingredients to the livestock sector. Canola Meal, derived from the processing of Canola Oil, boasts a high crude protein content, making it an attractive alternative to Soybean Meal. The market's size is determined by revenue generated from Canola Meal sales, excluding those involved in equipment manufacturing or packaged beverages production. Factors driving growth in the Canola Meal Market include the nutritional benefits for livestock, such as increased energy levels and improved digestion, resulting from the protein-rich content. Additionally, the market's expansion is fueled by the rising demand for sustainable animal feed sources and the growing trend towards reducing reliance on traditional soybean meal.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/