The Sunflower Meal Market size is estimated at USD 6.98 billion in 2024, and is expected to reach USD 9.35 billion by 2029, growing at a CAGR of 6.05% during the forecast period (2024-2029).
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Key Highlights
- In 2018, the sunflower meal market revenue for Europe was the highest, with USD 1.5 million, followed by Asia-Pacific. Globally, the availability and competitiveness of sunflower meal are expected to remain high, and this may limit the growth in feed use of soybean meal, which is nevertheless expected to increase.
Sunflower Meal Market Trends
Increasing Demand for Sunflower Meal in the Asia-Pacific Region
The increasing imports of sunflower meal in Vietnam and India can be attributed to the increase in the demand for alternative cheap sources of protein-rich feed. The growth in livestock production is expected to create a demand for better feed, as people are highly concerned about quality meat. The Chinese animal feed market is growing rapidly, due to the increasing demand for meat and meat products, especially pork. Over the last decade, the country’s animal feed industry has been witnessing augmenting consolidation.Europe Dominates the Sunflower Meal Market in Terms of Revenue
The leading producer of sunflower meals in Europe is Ukraine, as it also dominates the production of sunflower seeds. Russia, which ranks second right after Ukraine, produced 4.6 million metric ton during 2017-2018. Sunflower meal consumption in Turkey in 2018 declined to 1.7 million metric ton, due to the increasing utilization of alternatives items, such as dried grains and solubles and corn gluten feed pellets.Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
Methodology
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