About Sunflowerseed Meal
According to the United States Department of Agriculture (USDA) Foreign Agricultural Service world sunflower seed production, which was 39,4 million tons in 2015 seasons, reached to 40,4 million tons in 2016 seasons and it is estimated that it increased to 44,8 million tons in 2017 season. Sunflower seed meal (SFM) is the by-product of the extraction of oil from sunflower seeds. The nutrient content of SFM varies with the type of processing used for extracting the oil. Solvent extracted SFM has higher concentrations of protein and lower concentrations of oil and fiber compared with mechanical extracted SFM. Further, Growing livestock industry and animal feed industry supporting the growth of sunflower seeds meal market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The market is fragmented with top international and regional market players. Further, 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 which driving the Global Sunflower seed meal market. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Sunflowerseed Meal market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Standard Foods Corporation (China), Yihaikerry (China), Sanxing Group Co.Ltd. (China), COFCO ( China National Cereals, Oils and Foodstuffs Corporation) China, Xinjiang Longda Seeds Corporation (China), Lam Soon Edible Oils (Malaysia), Delta Wilmar (United Kingdom) and Melitopol oil extraction Plant, LLC (Ukraine) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Sunflowerseed Meal market by Type (Whole Kernel and Half Kernel), Application (Feed, Fertilizer and Others) and Region.
On the basis of geography, the market of Sunflowerseed Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Processing Methods, the sub-segment i.e. Dehulling will boost the Sunflowerseed Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End users, the sub-segment i.e. Ruminants will boost the Sunflowerseed Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Decorticated sunflower seeds will boost the Sunflowerseed Meal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in the Demand for Alternative Cheap Source of Protein-Rich Feed, Growth in Livestock Production and Cost Feasibility of Sunflowerseed Meal
Market Growth Drivers:
Demand for Sunflower Meal from Livestock, Dairy, and Aquaculture Industries, Sunflower Meal as an Alternative to Soybean Meal and Improvement in Nutritional Value of Sunflowerseed Meal for Animal Diets
Challenges:
Decreasing Areas Being Harvested For Sunflower Meal in Major Countries
Restraints:
Over usage of Sunflower meal Seeds Can Cause Health Problems and Increasing Utilization of Alternatives Items Such As Dried Grains and Soluble and Corn Gluten Feed Pellets
Opportunities:
Rising Number of Livestock and Number of Animal Husbandries Each Year and Demand in Emerging Countries like China, Pakistan, and India.
Market Leaders and their expansionary development strategies
In 2020, a farmer in Wisconsin, Scott Thompson, announced his intention to plant over 2 million sunflowers across 22-acre of land in above 15 fields. Initiatives such as this could, in turn, help improve sunflower seeds market share penetration over the coming years.
Beyond the Equator announced the launch of its gluten-free Sunflower Seed Flour in December 2020, with high protein content and low carbs as compared to the traditional gluten-free flours like rice flour.
In 2018, The United States agency projects that global sunflower seed meal will grow to 7.6 million tons, on strong demand in the EU. and The USDA has forecast that China will import 150,000 tons of sunflower seed meal this marketing year (MY) and this is likely to continue into the 2018/19 MY, as China’s demand for protein feedstuffs continues to grow.
Key Target Audience
Sunflowerseed Meal Manufacturers, Potential Investors, Downstream Vendors, Marketing Firms, Industry Associations and Government and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.