The rapeseed meals market is poised for significant growth, with global sales expected to reach a staggering US$ 8.6 billion by 2034. Driven by a projected 6.1% CAGR over the next decade, the market is set to boom from an estimated US$ 4.8 billion at the end of 2024.
Rapeseed meal, or canola meal, a byproduct obtained after the extraction of oil from the rapeseed plant, is widely used as animal feed due to its high protein and nutritional value. Its demand is anticipated to grow significantly amid the growing need for high-protein animal feed ingredients.
Rapeseed meal is becoming an ideal replacement for other protein sources like soybean meal. This is due to its high protein content. Amid the growing world population and rising per capita meat consumption, there is an increasing need for protein-rich meals/feeds. This will likely fuel demand for rapeseed meal as it promotes livestock production.
Rapeseed meal is a desirable option for feed manufacturers due to its cost-effectiveness and nutritional benefits. Rising consumer awareness of these benefits is expected to bolster sales through 2034.
Rapeseed meal is also rich in minerals, fiber, and vitamins. This is encouraging its adoption in applications like pet food and food additives. The growing need for nutrient-rich feeds globally will likely foster market growth during the forecast period.
Other Factors Driving Growth of the Rapeseed Meal Market
Global Rapeseed Meal Market Trends
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| Attributes | Key Insights |
|---|---|
| Estimated Global Rapeseed Meal Market Revenue (2024E) | US$ 4.8 billion |
| Projected Rapeseed Meal Market Value (2034F) | US$ 8.6 billion |
| Value-based CAGR (2024 to 2034) | 6.1% |
Global rapeseed meal sales grew steadily from 2019 to 2023. In the forecast period, the global rapeseed meal market is poised to expand at 6.1% CAGR, with the overall market valuation reaching US$ 8.6 billion by 2034.
The global rapeseed meal industry is expected to grow significantly during the forecast period. One of the key factors driving the rapeseed meal market growth is the growing demand for affordable and nutrient-rich feed.
Rapeseed meal is widely used as a high-protein feed ingredient in livestock and poultry due to its nutritional benefits and low cost. Thus, growing demand for high-nutritional animal feed is expected to bolster sales of rapeseed meals during the forecast period.
Principal Consultant
China is expected to dominate the global rapeseed meal industry, holding a value share of 23.0% in 2024. This is due to robust livestock production capacity and growing demand for rapeseed meal from the livestock industry.
The United States is poised to hold a significant share of 15.0% in the global market by 2024, owing to economic development and the rising demand for feed from milk producers. In 2024, India will likely account for a 13.0% share of the global rapeseed meal market, which reflects its production capacity and growing demand from the animal feed market.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 6.5% |
| China | 7.1% |
| Australia | 5.0% |
| Germany | 4.1% |
China is expected to hold a significant value share of around 23.0% in the global rapeseed meal market in 2024. Over the forecast period, demand for rapeseed meal in China is projected to grow at a healthy CAGR of 7.1%, driven by factors like:
China is witnessing significant demand for rapeseed meal from the livestock sector. According to the United States Department of Agriculture (USDA), the European Union and China are the top producers of rapeseed meal, with 29% and 23% of the global production, respectively.
China's focus on food security plays a key role in propelling the demand for rapeseed meals. The government wants to increase domestic manufacturing capacity while lowering reliance on imported feed ingredients. This growing demand for rapeseed meals made in China is boosting its standing in the international market.
The United States is set to account for a significant 15.0% share of the global rapeseed meal industry in 2024. Over the forecast period, the United States rapeseed meal market is poised to grow swiftly, with overall sales of rapeseed rising at 6.5% CAGR. Some of the key drivers/trends include:
The United States’ thriving dairy industry is playing a key role in driving demand for rapeseed meals. Milk producers in the nation are inclined to use superior feed ingredients to increase milk output and meet the nutritional needs of dairy cows. Rapeseed meal, with its high protein content and essential amino acids, is a valuable feed ingredient for dairy animals.
Milk producers prioritize the quality and nutritional value of feed ingredients to ensure the health and productivity of their animals. Rapeseed meal, being a high-quality protein source, aligns with the requirements of milk producers, leading to its significant demand in the market.
India has become a significant player in the global rapeseed meal market, holding a 13.0% share. It will likely register a healthy compound annual growth rate (CAGR) during the assessment period, owing to factors like:
Indian rapeseed meal is known for its high quality and competitive pricing. This makes it a popular choice for animal feed and as a source of protein in various applications, including pet food and animal feeds.
India is also a prominent rapeseed meal exporter, with key destinations like South Korea, Vietnam, and Thailand. India-based companies like Triveni Group are driving this success with a focus on sustainability, competitive pricing, and customer satisfaction.
The section below provides insights into leading segments of the rapeseed meal industry. Based on nature, the conventional rapeseed meal segment will continue to dominate the global market, holding a value share of 90.0% in 2024. By application, the feed segment is set to contribute a revenue share of 75.0% by 2024.
| Top Segment | Estimated Market Share (2024) |
|---|---|
| Conventional (Nature) | 90.0% |
| Feed (Application) | 75.0% |
As per the latest analysis, the conventional segment is expected to lead the global rapeseed meal market during the assessment period. This is attributable to rising consumer preference for conventional rapeseed meals, owing to its advantages like cost-effectiveness and wider availability.
Due to its low cost and easy availability, rapeseed meal consumption is expected to rise significantly during the forecast period. The target segment will likely hold a staggering market share of 90.0% in 2024.
Based on application, the feed segment is expected to hold a market share of 75.0% in 2024. This can be attributed to the rising usage of rapeseed meal in feed applications owing to its high nutritional content and cost-effectiveness.
Rapeseed meal is popular in feed applications for several reasons. It contains about 38% to 40% crude protein. This makes it a valuable component in the diet of livestock animals such as poultry, swine, and cattle.
The high protein content of rapeseed meal, along with its amino acid profile, makes it an ideal feed ingredient for livestock owners looking to enhance the growth and performance of their animals. Growing awareness about balanced animal nutrition and increasing demand for animal feed are driving the popularity of rapeseed meal in feed production.
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The rapeseed meal market has a diverse and dynamic competitive landscape. Leading manufacturers of rapeseed meal are concentrating on using novel manufacturing methods and technologies to improve their production and reduce overall costs. They are launching new products to meet the growing consumer demand for plant-based protein sources.
Recent Developments in the Rapeseed Meal Market-
| Attribute | Details |
|---|---|
| Estimated Market Value (2024) | US$ 4.8 billion |
| Projected Market Value (2034) | US$ 8.6 billion |
| Expected Growth Rate (2024 to 2034) | 6.1% CAGR |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | US$ billion for Value, MT for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Application, Nature, and Region |
| Key Companies Profiled |
DSM; Ulrick & Short; Target Feeds; GP Feeds Ltd; Cargill; Wilmar International; Hbgo; Bunge; Bgg; Sinograin; Sanxing Group; Herun Group; Other Players |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The rapeseed meal market value is estimated to total US$ 4.8 billion in 2024.
Rapeseed meal demand is projected to grow at a CAGR of 6.1% through 2034
The rapeseed meal market size is expected to reach US$ 8.6 billion by 2034.
Currently, Europe dominates the global rapeseed meal market.
Rapeseed meal is mostly for feed applications.
DSM, Ulrick & Short, Target Feeds, GP Feeds Ltd, Cargill, and Wilmar International.
Canola meal is mostly used in animal feeds.
Rapeseed is used for producing oil, biodiesel, and animal feed.
Tilapia, salmon, carp, trout, catfish, and other animals eat canola meal.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market Trends 3.5. Macro-Economic Factors 3.6. Forecast Factors - Relevance & Impact 3.7. Certifying Agencies 4. Value Chain Analysis and Operating Margins 4.1. Supply chain analysis (Operating margin analysis) 4.2. List of Key market participants 4.2.1. Key Manufacturers List 4.2.2. Key End-User List 4.3. Notes on Value Added at Each Node in the Value Chain 5. Global Market - Pricing Analysis 5.1. Price Point Assessment By Type 5.2. Price Point Assessment by Region 5.2.1. Manufacturer Level Pricing 5.2.2. Distributor Level Pricing 5.3. Price Forecast till 2034 6. Global Market Demand in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Value (US$ billion) and Volume (MT) Projections, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Type, 2019 to 2023 7.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Type, 2024 to 2034 7.3.1. Expeller-pressed Rapeseed Meal 7.3.2. Solvent-extracted Rapeseed Meal 7.4. Market Attractiveness Analysis By Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Application, 2019 to 2023 8.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Application, 2024 to 2034 8.3.1. Feed 8.3.1.1. Aquaculture 8.3.1.2. Livestock 8.3.1.3. Pet Food 8.3.2. Fertilizer 8.3.3. Food Additive 8.3.4. Others 8.4. Market Attractiveness Analysis By Application 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Nature, 2019 to 2023 9.3. Current and Future Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Nature, 2024 to 2034 9.3.1. Organic 9.3.2. Conventional 9.4. Market Attractiveness Analysis By Nature 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size (US$ billion) and Volume (MT) Analysis By Region, 2019 to 2023 10.3. Current Market Size (US$ billion) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Type 11.3.3. By Application 11.3.4. By Nature 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Type 11.4.3. By Application 11.4.4. By Nature 11.5. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Colombia 12.3.1.4. Rest of Latin America 12.3.2. By Type 12.3.3. By Application 12.3.4. By Nature 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Type 12.4.3. By Application 12.4.4. By Nature 12.5. Key Takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. France 13.3.1.3. United Kingdom 13.3.1.4. Spain 13.3.1.5. Netherlands 13.3.1.6. Belgium 13.3.1.7. Poland 13.3.1.8. Italy 13.3.1.9. Russia 13.3.1.10. Rest of Europe 13.3.2. By Type 13.3.3. By Application 13.3.4. By Nature 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Type 13.4.3. By Application 13.4.4. By Nature 13.5. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Type 14.3.3. By Application 14.3.4. By Nature 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Type 14.4.3. By Application 14.4.4. By Nature 14.5. Key Takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Malaysia 15.3.1.3. Indonesia 15.3.1.4. Singapore 15.3.1.5. Vietnam 15.3.1.6. Philippines 15.3.1.7. Thailand 15.3.1.8. Rest of South Asia 15.3.1.9. By Type 15.3.2. By Application 15.3.3. By Nature 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Type 15.4.3. By Application 15.4.4. By Nature 15.5. Key Takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Type 16.3.3. By Application 16.3.4. By Nature 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Type 16.4.3. By Application 16.4.4. By Nature 16.5. Key Takeaways 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. North Africa 17.3.1.3. South Africa 17.3.1.4. Rest of Middle East & Africa 17.3.1.5. By Type 17.3.2. By Application 17.3.3. By Nature 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Type 17.4.3. By Application 17.4.4. By Nature 17.5. Key Takeaways 18. Country-level Market Analysis 18.1. United States Market Analysis 18.1.1. By Type 18.1.2. By Application 18.1.3. By Nature 18.2. Canada Market Analysis 18.2.1. By Type 18.2.2. By Application 18.2.3. By Nature 18.3. Brazil Market Analysis 18.3.1. By Type 18.3.2. By Application 18.3.3. By Nature 18.4. Mexico Market Analysis 18.4.1. By Type 18.4.2. By Application 18.4.3. By Nature 18.5. Colombia Market Analysis 18.5.1. By Type 18.5.2. By Application 18.5.3. By Nature 18.6. Germany Market Analysis 18.6.1. By Type 18.6.2. By Application 18.6.3. By Nature 18.7. United Kingdom Market Analysis 18.7.1. By Type 18.7.2. By Application 18.7.3. By Nature 18.8. France Market Analysis 18.8.1. By Type 18.8.2. By Application 18.8.3. By Nature 18.9. Italy Market Analysis 18.9.1. By Type 18.9.2. By Application 18.9.3. By Nature 18.9.4. By Price Range 18.10. Spain Market Analysis 18.10.1. By Type 18.10.2. By Application 18.10.3. By Nature 18.11. Netherlands Europe Market Analysis 18.11.1. By Type 18.11.2. By Application 18.11.3. By Nature 18.12. Belgium Market Analysis 18.12.1. By Type 18.12.2. By Application 18.12.3. By Nature 18.13. Russia Region Market Analysis 18.13.1. By Type 18.13.2. By Application 18.13.3. By Nature 18.14. Poland Market Analysis 18.14.1. By Type 18.14.2. By Application 18.14.3. By Nature 18.15. China Market Analysis 18.15.1. By Type 18.15.2. By Application 18.15.3. By Nature 18.16. Japan Market Analysis 18.16.1. By Type 18.16.2. By Application 18.16.3. By Nature 18.17. India Market Analysis 18.17.1. By Type 18.17.2. By Application 18.17.3. By Nature 18.18. Thailand Market Analysis 18.18.1. By Type 18.18.2. By Application 18.18.3. By Nature 18.19. Malaysia Market Analysis 18.19.1. By Type 18.19.2. By Application 18.19.3. By Nature 18.20. Indonesia Market Analysis 18.20.1. By Type 18.20.2. By Application 18.20.3. By Nature 18.21. Vietnam Market Analysis 18.21.1. By Type 18.21.2. By Application 18.21.3. By Nature 18.22. Philippines Market Analysis 18.22.1. By Type 18.22.2. By Application 18.22.3. By Nature 18.23. Singapore Market Analysis 18.23.1. By Type 18.23.2. By Application 18.23.3. By Nature 18.24. Australia Market Analysis 18.24.1. By Type 18.24.2. By Application 18.24.3. By Nature 18.25. New Zealand Market Analysis 18.25.1. By Type 18.25.2. By Application 18.25.3. By Nature 18.26. GCC Countries Market Analysis 18.26.1. By Type 18.26.2. By Application 18.26.3. By Nature 18.27. North Africa Market Analysis 18.27.1. By Type 18.27.2. By Application 18.27.3. By Nature 18.28. South Africa Market Analysis 18.28.1. By Type 18.28.2. By Application 18.28.3. By Nature 19. Market Structure Analysis 19.1. Global Market Competition - a Dashboard View 19.2. Global Market Structure Analysis 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2023 19.3.2. Company Market Share Analysis of Top 5 Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. ADM 20.3.1.1. Product Portfolio 20.3.1.2. Revenue by Market Segments (Type/Nature/Application /Region) 20.3.1.3. Sales Footprint 20.3.1.4. Strategy Overview 20.3.1.4.1. Marketing Strategy 20.3.1.4.2. Product Strategy 20.3.1.4.3. Channel Strategy 20.3.2. Ulrick & Short 20.3.3. Target Feeds 20.3.4. GP Feeds Ltd 20.3.5. Cargill 20.3.6. Wilmar International 20.3.7. Hbgo 20.3.8. Bunge 20.3.9. Bgg 20.3.10. Sinograin 20.3.11. Sanxing Group 20.3.12. Herun Group 20.3.13. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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Rapeseed Meal Market
