In 2022, the global beet pulp market was estimated to have acquired USD 268.30 million. Changing consumer preferences towards safe livestock will aid the market to reach a sum of USD 595.3 million by 2033, garnering a CAGR of 8% during the forecast period, 2023 to 2033.
Demand for beet pulp products is rising, and business operators will probably use the expanding organized retail sector to their advantage in order to reach a wider audience. Businesses are concentrating on large-scale production and beet pulp to fulfill the rising demand for nutrient-rich animal feed.
The need for better nutrition in livestock feed will grow to be a significant development driver. For horses' advanced nutritional requirements, it is a well-liked energetic feedstuff that is employed in various nations, which accounts for a substantial share of industry demand.
Beet pulp is full of nutritional benefits for livestock. The many bacteria in the horse's hindgut benefit from beet pulp since it is a prebiotic. Beet pulp can be used to assist underweight horses acquire weight since it has around 1,000 kcals per pound. Volatile fatty acids, also known as VFAs, are byproducts of the fermentation by bacteria of beet pulp in the hindgut and are absorbed and converted into energy.
This energy is progressively released for a more consistent supply and does not result in an increase in glucose or insulin. Beet pulp is frequently used as a component in commercial grain concentrates due to its high energy density and favorable effects on the microbiota.
Beet pulp can be used on top of other supplements. Soaking is advised to help the digestive system absorb more water because beet pulp retains moisture. When given properly, dry shreds won't bloat in the stomach or throat.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 268.30 million |
| Expected Market Value (2023) | USD 279 million |
| Projected Forecast Value (2033) | USD 595.3 million |
| Anticipated Growth Rate (2023 to 2033) | 8% CAGR |
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During the historical period of 2018 to 2022, the global beet pulp market experienced a growth of CAGR of 2.4%. By the end of 2018, this market was valued at USD 192.25 million.
The livestock sector has seen a rise in the use of beet pulp. The dried beet pulp shouldn't be consumed by horses since it may induce indigestion. It must be soaked in water for one and two hours before being ingested by the horses. There is no need for other animals, such as cattle, goats, pigs, rabbits, as well as sheep, to soak in water since their food will be more nutritious, contain more potassium, and provide them more energy.
Europe has a substantial market share for beet pulp because of its strong manufacturing capability. The European area produces half of the world's beet pulp, which is then exported to other nations. In 2022, as a result of such factors, the demand rose and sales in this market went beyond USD 268.30 million in 2022.
Increased Usage of Beet Pulp Pellets for the Horse Feed to Aid the Growth
The animal husbandry industry employs the largest portion of the market, and these beet pulp pellets are frequently used to feed horses along with other livestock. These pellets are a superior source of nourishment since they are rich in vitamins and proteins. They are used in many different ways, both directly and as ingredients in other recipes. Horse and cattle owners choose to regularly feed their animals these pellets in order to make sure their livestock receive the right nourishment. It has significant calcium content, which benefits the animals' bones. The need for such pellets amongst animal owners is steadily rising due to their nutritional advantages.
Equine nutrition is the method through which animals are fed. Proper and nutritious horse feeding is an essential component of good horse care. This leads to increased popularity amongst horse owners. The growing demand for beet pulp pellets in the animal feed sector throughout the world is propelling the industry forward.
The Russian Federation exported 1,279,030,000 Kg of beet pulp, bagasse, and other residues in 2019, up from 1,279,020,000 Kg in 2018 according to World Integrated Trade Solutions. This huge increase in manufacturing and export volume of these pellets has aided industry expansion.
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Side Effects of Beet Pulp will hamper the Market Growth
One of the most serious issues about beet pulp is that if fed dry, it might induce colic. This is due to the claim that beet pulp shreds or pellets, when offered dry, will enlarge in the intestine when moist.
Another issue with providing beet pulp to horses is the risk of choking. Horses may consume beet pulp in the form of dry shreds or the pellets. Beet pulp pellets often have a wider diameter and ought to be moistened before feeding. Bagged beet pulp shreds vary in particle size, and bigger particles of beet pulp ought to be soaked before feeding.
The high calcium to phosphorus ratio of beet pulp is one valid cause for worry. Most horses should have a calcium to phosphorus ratio of two parts calcium to one component phosphorus. Insufficient calcium to phosphorus within a horse's diet can cause weak bones and muscles. If adding plain beet pulp to a horse's daily feed, their diet has to be appropriately balanced.
The Dried Pulp Segment will be High in Demand during the Forecast Period
By product type, the dried pulp segment is anticipated to be the dominant segment in the global market for beet pulp during the forecast period. In 2022, this segment acquired more than 40% of the global market share.
Dried pulp includes sucrose, magnesium, calcium, natural protein, phosphorus, and a range of other minerals, according to chemical analysis and the composition of nutrients, all of which contribute to the health benefits.
Dried sugar beet pulp may be kept longer in flat storage, making it easier for customers to supply their stores. This has led to a rise in consumer demand for dried beet pulp for use in livestock feeding.
Cows to be the primary consumers of Beet Pulp
In 2022, the cows occupied a significant share of the market to be fed with the beet pulp. It had acquired a market share of 28% in 2022. The vast majority of beet pulp will still be consumed by cows, which will enhance market income significantly. These can be used as a backgrounding component, supplement or roughage substitute in finishing diets for pregnant or nursing cows.
Beet pulp also has a lot of digestible fiber that does not make cows develop acidosis when consumed. The crude protein level of beet pulp is just 8%-10%, however it has a high TDN concentration of 72%-75%.
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High Production of Beet Pulp and Vegan Trend is Propelling Growth
According to Future Market Insights, North America will lead the beet pulp market in 2022 and will do so throughout the forecast period. The United States is expected to have an 88.4% market share in this region by 2023.
North America has the dominant worldwide beet pulp market share because of the region's high production and consumption. If the pandemic persists, beet pulp sales may decline in the following years due to economic instability and a lack of product supply.
The implementation of new regulations for manufacturers and employees, as well as enhancements to healthcare facilities, will all contribute to more efficient operations and pull up the revenues to new heights.
This might result in substantial expansion in the beet pulp market in the United States. Veganism is growing popularity in the United States, therefore it will fuel the market's overall development. The North American beet pulp market is also expected to expand because of the growing acceptability of such pellets in numerous applications such as equestrian feed, animal feed, and others.
Increased Demand for Cattle and Livestock Feed will accelerate Growth
The Asia Pacific market for beet pulp is likely to be a lucrative one for the developing countries are experience a fast-growing CAGR. The Indian market is expected to garner an 8.1% CAGR during the forecast period.
The beet pulp market is also lucrative in Asia Pacific region and is anticipated to grow rapidly because to the growing demand of active swine feed as well as dairy feed sectors in emerging nations like India and China. The market for cow feed is growing quickly as more milk producers switch from conventional cattle feed to compound feed that is more balanced in terms of nutrition after recognizing the true benefits of greater output from nutrient-rich feed.
Asia's agricultural development is especially crucial for the cattle industry, which has experienced unprecedented growth in recent years. The livestock industry has been forced to adapt and evolve in order to satisfy society's expectations by providing quality animal feed to livestock due to population increase and growing living standards.
The key players in this market include:
Some of the products being launched by the key players are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8% from 2022 to 2032 |
| Market value in 2023 | USD 279 million |
| Market value in 2033 | USD 595.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million/ billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Livestock Type, Category Type, Sales Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Japan, China, South Korea, Singapore, Thailand, Indonesia, Israel, GCC Countries, South Africa, Australia, New Zealand |
| Key Companies Profiled | Amalgamated Sugar; Michigan Sugar; Midwest Agri; Tereos; British Sugar; Nordzucker; Ontario Dehy Inc.; American Crystal Sugar; Delta Sugar Company; Nippon Beet Sugar Manufacturing |
| Customization & Pricing | Available on Request |
The global beet pulp market is estimated to be worth USD 279 million in 2023.
The United States is figured out to be having 88.4% share of North America beet pulps market.
The market in the India is poised to exhibit 8.1% CAGR through 2033 in sales of beet pulps.
The overall beet pulp market witnessed a growth rate of 2.4% from 2018 to 2022.
Longer storage capacity garnered a 40% market share for this segment in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Wet Pulp 5.2. Pressed Pulp 5.3. Dried Pulp 5.3.1. Pellets 5.3.2. Shreds 5.4. Ensiled Pulp 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Livestock Type 6.1. Cow 6.2. Horse 6.3. Sheep 6.4. Goat 6.5. Pig 6.6. Buffaloes 6.7. Mules 6.8. Asses 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Category Type 7.1. Molassed 7.2. Unmolassed 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Modern Trade 8.2. Specialty Store 8.3. Departmental Store 8.4. Convenience Store 8.5. Online Retailers 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Amalgamated Sugar 17.2. Michigan Sugar 17.3. Midwest Agri 17.4. Tereos 17.5. British Sugar 17.6. Nordzucker 17.7. Ontario Dehy Inc. 17.8. American Crystal Sugar 17.9. Delta Sugar Company 17.10. Nippon Beet Sugar Manufacturing 18. Assumptions & Acronyms Used 19. Research Methodology
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Beet Pulp Market
