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
