PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511320
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511320
Canola Meal Market Forecasts to 2030 - Global Analysis By Type, Application and By Geography
According to Stratistics MRC, the Global Canola Meal Market is accounted for $9.37 billion in 2024 and is expected to reach $13.68 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Canola meal is a high-protein byproduct of the oil extraction process from canola seeds, a type of rapeseed. After the oil is pressed out, the remaining material is ground into a fine meal. It serves as a valuable source of protein for livestock feed, particularly in diets for poultry, swine, and cattle. With a protein content ranging from 36% to 44%, canola meal provides essential amino acids necessary for animal growth and development. Additionally, it contains moderate levels of fiber and energy, contributing to overall nutritional balance in animal diets.
Market Dynamics:
Driver:
Rising demand for livestock feed
Canola meal, a byproduct of the oil extraction process from canola seeds, serves as an excellent protein source for livestock, particularly in poultry, swine, and cattle diets. With the global population increasing and dietary preferences shifting towards protein-rich diets, the demand for meat products has surged, subsequently driving the need for high-quality livestock feed ingredients like canola meal. Its high protein content, along with essential amino acids and low levels of anti-nutritional factors, makes it an attractive choice for animal nutrition.
Restraint:
Fluctuations in the prices of raw materials
Fluctuations in raw material prices pose a significant challenge to the Canola Meal Market. Canola meal, derived from crushing canola seeds, relies heavily on stable prices of its primary input, canola seeds. Volatility in raw material prices, influenced by factors such as weather conditions, geopolitical tensions, and global demand-supply dynamics, disrupts the market's stability. When canola seed prices surge, manufacturers often face increased production costs, which can lead to higher prices for canola meal products. This, in turn, reduces demand from price-sensitive consumers and may prompt them to seek alternatives.
Opportunity:
Technological advancements in crop genetics
Through techniques like genetic modification and selective breeding, scientists can develop canola plants with improved traits such as higher protein content, enhanced nutritional value, and resistance to pests and diseases. These advancements lead to increased yields per acre, reduced production costs, and a more consistent supply of high-quality canola meal for various applications including animal feed, food processing, and biofuel production. Moreover, genetic engineering allows for the development of canola varieties tailored to specific environmental conditions, expanding cultivation opportunities globally.
Threat:
Weather risks
Weather risks pose a significant challenge to the Canola Meal Market, impacting both production and quality. Canola, being a crop highly sensitive to weather conditions, faces threats from adverse weather events such as droughts, excessive rainfall, and temperature fluctuations. These phenomena can disrupt planting schedules, reduce crop yields, and affect the overall quality of the canola harvested. Droughts, for instance, can lead to water stress in plants, diminishing yield potential, while excessive rainfall may cause waterlogging and increase the risk of diseases.
Covid-19 Impact:
With lockdown measures and restrictions on movement implemented worldwide, disruptions occurred in the global supply chain, affecting both production and distribution. Reduced transportation capabilities hindered the timely delivery of canola meal to consumers, leading to fluctuations in supply and demand dynamics. Additionally, shifts in consumer behavior, such as reduced spending and changes in dietary preferences, influenced market trends. The closure of restaurants, hotels, and other foodservice establishments resulted in a decline in demand for canola meal as an ingredient in food products, while increased home cooking and baking spurred demand for retail-packaged goods.
The Organic Canola Meal segment is expected to be the largest during the forecast period
Organic Canola Meal segment is expected to be the largest during the forecast period. Organic Canola Meal offers several advantages, including being free from synthetic pesticides and fertilizers, genetically modified organisms (GMOs), and other harmful chemicals. This appeals to health-conscious consumers who prioritize natural and environmentally friendly products in their diet. Additionally, the organic certification assures consumers of the product's authenticity and adherence to strict organic farming practices, thereby fostering trust and loyalty.
The Soil Amendment segment is expected to have the highest CAGR during the forecast period
Soil Amendment segment is expected to have the highest CAGR during the forecast period. Canola meal, a byproduct of oil extraction from canola seeds, is rich in protein and nutrients, making it an excellent choice for animal feed. Soil amendment products, such as compost and biochar enriched with canola meal, improve soil fertility, structure, and water retention capabilities. By incorporating canola meal into these amendments, farmers can enhance soil health while reducing the reliance on synthetic fertilizers. This not only benefits crop productivity but also promotes environmental sustainability by minimizing chemical runoff and soil degradation.
Region with largest share:
As awareness about the importance of nutrition and health grows, consumers are increasingly seeking out products that align with their dietary preferences, Asia Pacific region commanded the largest share of the market over the projection period. Canola meal, being a rich source of protein and low in saturated fats, is witnessing a surge in demand as it fits well within the framework of healthier eating habits across the region. This shift in consumer behavior is not only reshaping the market landscape but also encouraging innovation and investment in the production and distribution of canola meal products across the Asia Pacific region.
Region with highest CAGR:
North America region is poised to hold profitable growth over the extrapolated period. By imposing standards and guidelines on production, distribution, and labeling, governments ensure the quality and safety of canola meal products. These regulations foster consumer confidence, encouraging increased consumption and trade within the region. Additionally, regulatory frameworks promote fair competition among market players, preventing monopolies and ensuring a level playing field for all stakeholders.
Key players in the market
Some of the key players in Canola Meal market include Ag Processing Inc, Archer Daniels Midland Company, Bunge Limited, Burcon NutraScience Corporation, Cargill, Incorporated, COFCO Corporation, GrainCorp Limited, Itochu Corporation, Land O'Lakes, Inc, Louis Dreyfus Company, M.P. Evans Group PLC, Oilseeds International Ltd, Parrish and Heimbecker, Limited, Richardson International Limited, The Scoular Company and Wilmar International Limited.
Key Developments:
In September 2023, ADM, a global leader in nutrition and agricultural origination and processing, and Syngenta Group, one of the world's biggest agricultural technology companies, announced they have signed a memorandum of understanding (MoU) to collaborate in scaling research and commercialization of low carbon-intensity next-generation oilseeds and improved varieties to help meet skyrocketing demand for biofuels and other sustainably-sourced products.
Types Covered:
- Conventional Canola Meal
- Organic Canola Meal
- Expeller-Pressed Canola Meal
- Solvent-Extracted Canola Meal
- High-Protein Canola Meal
- Low-Temperature Processed Canola Meal
- Other Types
Applications Covered:
- Wholesale
- Retail
- Nutritional Supplements
- Soil Amendment
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Canola Meal Market, By Type
- 5.1 Introduction
- 5.2 Conventional Canola Meal
- 5.3 Organic Canola Meal
- 5.4 Expeller-Pressed Canola Meal
- 5.5 Solvent-Extracted Canola Meal
- 5.6 High-Protein Canola Meal
- 5.7 Low-Temperature Processed Canola Meal
- 5.8 Other Types
6 Global Canola Meal Market, By Application
- 6.1 Introduction
- 6.2 Wholesale
- 6.3 Retail
- 6.4 Nutritional Supplements
- 6.5 Soil Amendment
- 6.6 Other Applications
7 Global Canola Meal Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Ag Processing Inc
- 9.2 Archer Daniels Midland Company
- 9.3 Bunge Limited
- 9.4 Burcon NutraScience Corporation
- 9.5 Cargill, Incorporated
- 9.6 COFCO Corporation
- 9.7 GrainCorp Limited
- 9.8 Itochu Corporation
- 9.9 Land O'Lakes, Inc
- 9.10 Louis Dreyfus Company
- 9.11 M.P. Evans Group PLC
- 9.12 Oilseeds International Ltd
- 9.13 Parrish and Heimbecker, Limited
- 9.14 Richardson International Limited
- 9.15 The Scoular Company
- 9.16 Wilmar International Limited
List of Tables
- Table 1 Global Canola Meal Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 3 Global Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 4 Global Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 5 Global Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 6 Global Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 7 Global Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 8 Global Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 9 Global Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 10 Global Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 11 Global Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 12 Global Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 13 Global Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 14 Global Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 15 Global Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 16 North America Canola Meal Market Outlook, By Country (2022-2030) ($MN)
- Table 17 North America Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 18 North America Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 19 North America Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 20 North America Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 21 North America Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 22 North America Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 23 North America Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 24 North America Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 25 North America Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 26 North America Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 27 North America Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 28 North America Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 29 North America Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 30 North America Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 31 Europe Canola Meal Market Outlook, By Country (2022-2030) ($MN)
- Table 32 Europe Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 33 Europe Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 34 Europe Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 35 Europe Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 36 Europe Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 37 Europe Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 38 Europe Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 39 Europe Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 40 Europe Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 41 Europe Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 42 Europe Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 43 Europe Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 44 Europe Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 45 Europe Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 46 Asia Pacific Canola Meal Market Outlook, By Country (2022-2030) ($MN)
- Table 47 Asia Pacific Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 48 Asia Pacific Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 49 Asia Pacific Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 50 Asia Pacific Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 51 Asia Pacific Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 52 Asia Pacific Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 53 Asia Pacific Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 54 Asia Pacific Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 55 Asia Pacific Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 56 Asia Pacific Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 57 Asia Pacific Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 58 Asia Pacific Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 59 Asia Pacific Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 60 Asia Pacific Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 61 South America Canola Meal Market Outlook, By Country (2022-2030) ($MN)
- Table 62 South America Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 63 South America Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 64 South America Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 65 South America Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 66 South America Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 67 South America Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 68 South America Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 69 South America Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 70 South America Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 71 South America Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 72 South America Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 73 South America Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 74 South America Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 75 South America Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 76 Middle East & Africa Canola Meal Market Outlook, By Country (2022-2030) ($MN)
- Table 77 Middle East & Africa Canola Meal Market Outlook, By Type (2022-2030) ($MN)
- Table 78 Middle East & Africa Canola Meal Market Outlook, By Conventional Canola Meal (2022-2030) ($MN)
- Table 79 Middle East & Africa Canola Meal Market Outlook, By Organic Canola Meal (2022-2030) ($MN)
- Table 80 Middle East & Africa Canola Meal Market Outlook, By Expeller-Pressed Canola Meal (2022-2030) ($MN)
- Table 81 Middle East & Africa Canola Meal Market Outlook, By Solvent-Extracted Canola Meal (2022-2030) ($MN)
- Table 82 Middle East & Africa Canola Meal Market Outlook, By High-Protein Canola Meal (2022-2030) ($MN)
- Table 83 Middle East & Africa Canola Meal Market Outlook, By Low-Temperature Processed Canola Meal (2022-2030) ($MN)
- Table 84 Middle East & Africa Canola Meal Market Outlook, By Other Types (2022-2030) ($MN)
- Table 85 Middle East & Africa Canola Meal Market Outlook, By Application (2022-2030) ($MN)
- Table 86 Middle East & Africa Canola Meal Market Outlook, By Wholesale (2022-2030) ($MN)
- Table 87 Middle East & Africa Canola Meal Market Outlook, By Retail (2022-2030) ($MN)
- Table 88 Middle East & Africa Canola Meal Market Outlook, By Nutritional Supplements (2022-2030) ($MN)
- Table 89 Middle East & Africa Canola Meal Market Outlook, By Soil Amendment (2022-2030) ($MN)
- Table 90 Middle East & Africa Canola Meal Market Outlook, By Other Applications (2022-2030) ($MN)
