Canola Meal Market Size was estimated at 17.96 (USD Billion) in 2022.The Canola Meal Market Industry is expected to grow from 18.57(USD Billion) in 2023 to 25.02 (USD Billion) by 2032. The Canola Meal Market CAGR (growth rate) is expected to be around 3.37% during the forecast period (2023 - 2032).
The escalating demand for animal feed ingredients, particularly in the aquaculture and livestock sectors, is a significant driver of the global canola meal market. The growing awareness of canola meal's nutritional value as a high-protein, energy-rich source for animals is fueling its adoption. Furthermore, the increasing consumption of meat and dairy products, especially in emerging economies, is driving the need for cost-effective and sustainable feed ingredients, making canola meal a viable option.Opportunities within the market lie in the exploration of innovative applications for canola meals. Research and development efforts are underway to identify its potential as a biofuel feedstock, a renewable energy source, and a component in biodegradable plastics.
Additionally, the expansion of the aquaculture industry presents a significant opportunity for canola meal, given its suitability as a high-quality feed ingredient for farmed fish.Recent trends in the canola meal market include the increasing adoption of non-genetically modified (non-GMO) canola meal, driven by consumer preferences and regulations promoting sustainable and natural ingredients. The use of canola meal as a sustainable alternative to fishmeal is also gaining traction, as it reduces pressure on ocean resources and contributes to environmental conservation. Furthermore, advancements in processing techniques are improving the quality and consistency of canola meal, enhancing its appeal in the feed industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rising Demand for Plant-Based Protein
The growing global population and increased awareness about the health benefits associated with plant-based proteins are the major factors driving demand for canola meal. Canola meal is characterized by high protein content, and it is widely used in a variety of applications, including meat alternatives. As more consumers demand plant-based proteins, demand for canola meal is expected to rise in the coming years. According to a ten-year forecast, the Global Canola Meal Market Industry is going to grow dramatically.Key players in the Global Canola Meal Market Industry include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, and Louis Dreyfus Company. These firms are investing in research and development to improve the quality and functionality of canola meal, and they are also expanding their production capacities to cater to the rising demand for canola meal.
Expansion of the Aquaculture Industry
Canola meal is widely used in the aquaculture industry as a protein source and as a source of essential amino acids. Given experts' forecasts for the growth of the aquaculture sector, the demand for canola meal may grow in subsequent years. bThe key drivers of the market growth include the increasing demand for plant-based proteins, population growth, and an increase in the awareness of the canola meal’s benefits for human health. The market will be the biggest according to the Asia-Pacific region, and the other main regions will be Europe and North America.
Growing Demand for Canola Oil
Canola meal is a byproduct of canola oil, which is the most common type of canola. Protein canola varieties, with protein levels up to 50% of dry matter, provide for large-scale production of compound fodder of high quality, which is in great demand for animals with large incorporation of feed protein. Demand for canola meal is anticipated to be driven primarily by the increasing consumption of canola oil during the forecast period. Canola oil is a healthy cooking oil that has a low content of saturated fats and a high content of monounsaturated fats.It is also an excellent source of omega-3 fatty acids. The market is projected to grow from USD 18.57 billion in 2023 to USD 25.02 billion in 2032. Over the forecast period, the market is anticipated to expand at a CAGR of 3.37 percent. Increased demand for plant-based proteins, combined with population growth and a rising understanding of the health benefits of canola meal, will be driving factors in the long run. The Asia-Pacific region is expected to be the market leader, followed by North America and Europe.
The feed type segment of the global Canola Meal Market is classified into poultry, livestock, and aquaculture. The poultry segment accounted for the largest share of the market as of 2023 due to the market’s growing demand for poultry meat and eggs. The livestock segment is expected to grow the most in the VoI market over the forecast period due to the market’s growing demand for meat and dairy products. The aquaculture segment is expected to grow at a steady pace over the VoI market forecast period. The Global Canola Meal Market revenue for the feed type segment is expected to reach USD 25.02 Billion by 2032.The benefits of poultry products include the affordability, protein content, and easy availability of poultry in the market, which drive the market’s consumption. The growing market demand for meat and dairy products, especially in developing countries, is driving the market consumption for these sectors.Canola meal provides essential nutrients for livestock, such as protein, energy, and fiber. The aquaculture segment is also growing with an expected CAGR of 3.25% over the forecast period. The growing consumption of fish and seafood is driving the market as consumers are becoming more health-conscious and are shifting to aquaculture. Canola meal, which is preferred in fish and shrimp feed, is being used due to its high protein content and palatability.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Global Canola Meal Market segmentation by Grade has been divided into Food Grade, Feed Grade, and Industrial Grade. The Feed Grade segment of the Canola Meal Market is estimated to own the biggest market size in 2023, which is around 70% of the worldwide market. The advancing demand for the product as a high-protein feed ingredient among the poultry and swine industry around the globe is a major reason attributable to its large market size. The Food Grade segment is projected to grow at a very good pace in the given forecast, and the increasing applications of the product as a prime ingredient producing edible goods like bakery products and pasta are major reasons for its growth.The market for the Industrial Grade is second to the Feed Grade, with a relatively smaller market share. It can find applications in products such as adhesives, fertilizers, and biofuels.
Poultry Feed Manufacturers, Dairy Feed Manufacturers, and Swine Feed Manufacturers are the major end users of Canola Meal. The poultry feed industry is the largest consumer of Canola Meal, accounting for over 50% of global consumption. The Global Canola Meal Market revenue for Poultry Feed Manufacturers is expected to reach USD 8.5 billion by 2024, growing at a CAGR of 3.5%. Dairy Feed Manufacturers are another major end-user of Canola Meal, with a market size of USD 4.2 billion in 2024 and a projected CAGR of 3.2%. Swine Feed Manufacturers represent the third-largest end-user segment, with a market value of USD 3.8 billion in 2024 and a forecasted CAGR of 3.1%.The growth in the Poultry Feed Manufacturers segment is attributed to the increasing demand for poultry products, while the Dairy Feed Manufacturers segment is driven by the growing dairy industry. The Swine Feed Manufacturers segment is expected to benefit from the rising demand for pork. Overall, the Global Canola Meal Market is segmented into various end users based on their specific requirements and applications.
The Global Canola Meal Market is segmented into regions such as North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. The increasing demand for canola meal as a high-protein feed ingredient in the livestock industry is driving the market growth in this region. The European region is also expected to witness significant growth due to the rising awareness about the nutritional benefits of canola meal in animal feed.The APAC region is projected to be the fastest-growing market due to the increasing livestock production and the growing demand for high-protein feed ingredients in countries like China and India. South America and MEA regions are also expected to contribute to the overall market growth, albeit at a slower pace compared to other regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key players in the Canola Meal Market industry are taking several approaches to strengthen their position. Some of the key Canola Meal Market leading players, are partnering and collaborating in their endeavors. Canola Meal Market's leading players are also leveraging on research and development, product launches, mergers, and acquisitions. The industry is highly competitive, as society has several players, both regional and international, competing to enlarge their market share. The Canola Meal Market's competitive developments are new market entrants, partnerships, and technology-selected methods by players to reinforce their market positions. Canola Meal Market is expected to remain highly competitive over the coming years. In addition, given the highly competitive nature of the human-glandular meal market, the main players are contributing to the continued growth of this industry.One of the outstanding competitors in the Canola Meal Market is Cargill. The company’s headquarters are in the United States, and its operations and customers are spread across 70 countries. Cargill is a vertically integrated agricultural company, which means that the company’s products are crop products that are initiated, processed, refined, and distributed. The company sells its products to animal canola farmers under the brand Cargill Canola Meal. Cargill has a wide range of customers and a long track record of providing high-value products and services. This significant global presence, customer-centered strategy, and its new product offerings have made Cargill a reckoning force in the competitive Canola Meal Market.Archer Daniels Midland Company, or ADM, is another key competitor in the Canola Meal Market. The company is headquartered in the United States and has a global presence in over 150 countries. The company is into every branch of agriculture, from farming and processing to providing and distributing food and value-added goods. ADM’s products are sold to livestock farmers under the ADM Canola Meal label, and the company offers the food and farming sector the highest quality of products and services. Moreover, ADM has acquired an outstanding online presence and long-distance sales, which has enabled it to record significant sales.
The global canola meal market is projected to reach USD 25.02 billion by 2032, exhibiting a CAGR of 3.37% during the forecast period. Increasing demand for canola meal as a high-protein feed ingredient in the aquaculture and livestock sectors is a key driver of market growth. Additionally, rising awareness about the nutritional benefits of canola meal, including its high protein content and balanced amino acid profile, is contributing to its adoption as a sustainable and cost-effective feed alternative. Recent market developments include strategic partnerships between major canola meal producers and livestock feed manufacturers to ensure a stable supply and meet growing demand. Moreover, ongoing research and innovation in canola meal processing technologies are expected to further enhance its nutritional value and expand its applications in the feed industry.
Canola Meal Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 17.96(USD Billion) |
| Market Size 2023 | 18.57(USD Billion) |
| Market Size 2032 | 25.02(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.37% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Louis Dreyfus Company, ADM, Cofco International, J.R. Simplot Company, Bunge, CHS Inc., Glencore Agriculture, Richardson International, Viterra, Parrish Heimbecker, Ag Processing Inc., Wilmar International, Gavilon, The Andersons, Cargill |
| Segments Covered | Feed Type, Grade, End User, Regional |
| Key Market Opportunities | Increasing livestock production Growing aquaculture industry Expanding use in biofuel applications Rising demand for protein-rich feed Growing consumer awareness of health benefits |
| Key Market Dynamics | Rising demand for sustainable feed ingredients Fluctuating prices of major competing feed grains Technological advancements in canola processing Increasing awareness of the nutritional benefits of canola meal Growing poultry and livestock populations |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Canola Meal Market is anticipated to reach a valuation of approximately USD 18.57 Billion in 2023.
By 2032, the Canola Meal Market is estimated to reach a valuation of around USD 25.02 Billion.
The Canola Meal Market is projected to exhibit a CAGR of approximately 3.37% during the period from 2023 to 2032.
The Asia-Pacific region is anticipated to dominate the Canola Meal Market, primarily driven by the growing demand for canola meal in the animal feed industry in countries like China and India.
Canola Meal has extensive applications in the animal feed industry, particularly as a protein source in poultry, swine, and dairy cattle feed.
Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Louis Dreyfus Company are among the leading players in the Canola Meal Market.
What factors are driving the growth of the Canola Meal Market?
Fluctuations in the prices of canola seeds, competition from other protein sources like soybean meal, and stringent regulations related to the use of genetically modified canola seeds pose challenges to the Canola Meal Market.
The increasing adoption of non-GMO canola varieties, the development of innovative processing technologies, and the growing demand for organic canola meal are emerging trends in the Canola Meal Market.
The Canola Meal Market is expected to witness steady growth in the coming years, driven by the rising demand for animal feed and the increasing awareness about the nutritional value of canola meal.
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