Market Research Report
Sunflower Meal Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||851136|
|Published||Content info||184 Pages
Delivery time: 2-3 business days
|Sunflower Meal Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: April 1, 2019||Content info: 184 Pages||
The report includes sunflower meal, which is the by-product of the extraction of oil from sunflower seeds. Sunflower meals can be made from whole or decorticated seeds and can be mechanically and/or solvent-extracted. The quality of sunflower meal depends on the plant characteristics (seed composition, hulls/kernel ratio, dehulling potential, and growth and storage conditions) and processing (dehulling, mechanical, and/or solvent extraction).
Increasing Demand for Sunflower Meal in the Asia-Pacific Region
The increasing imports of sunflower meal in Vietnam and India can be attributed to the increase in the demand for alternative cheap sources of protein-rich feed. The growth in livestock production is expected to create a demand for better feed, as people are highly concerned about quality meat. The Chinese animal feed market is growing rapidly, due to the increasing demand for meat and meat products, especially pork. Over the last decade, the country's animal feed industry has been witnessing augmenting consolidation.
Europe Dominates the Sunflower Meal Market in Terms of Revenue
The leading producer of sunflower meals in Europe is Ukraine, as it also dominates the production of sunflower seeds. Russia, which ranks second right after Ukraine, produced 4.6 million metric ton during 2017-2018. Sunflower meal consumption in Turkey in 2018 declined to 1.7 million metric ton, due to the increasing utilization of alternatives items, such as dried grains and solubles and corn gluten feed pellets.