Market Size of Sunflower Meal Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.98 Billion |
| Market Size (2029) | USD 9.35 Billion |
| CAGR (2024 - 2029) | 6.05 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Sunflower Meal Market Analysis
The Sunflower Meal Market size is estimated at USD 6.98 billion in 2024, and is expected to reach USD 9.35 billion by 2029, growing at a CAGR of 6.05% during the forecast period (2024-2029).
- In 2018, the sunflower meal market revenue for Europe was the highest, with USD 1.5 million, followed by Asia-Pacific. Globally, the availability and competitiveness of sunflower meal are expected to remain high, and this may limit the growth in feed use of soybean meal, which is nevertheless expected to increase.
Sunflower Meal Industry Segmentation
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).
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Sunflower Meal Market Size Summary
The sunflower meal market is poised for significant growth over the forecast period, driven by its increasing demand as a cost-effective, protein-rich feed alternative. This market expansion is supported by the rising livestock production, which necessitates high-quality feed to meet the growing consumer demand for quality meat. The global landscape for sunflower meal remains competitive, with Europe leading in revenue generation, particularly due to Ukraine's dominance in sunflower seed production. This competitive edge is expected to influence the market dynamics, potentially limiting the growth of soybean meal usage in animal feed.
In Asia-Pacific, countries like Vietnam and India are witnessing a surge in sunflower meal imports, reflecting a broader trend towards seeking affordable protein sources for animal feed. Meanwhile, China's animal feed market is experiencing rapid growth, fueled by the increasing demand for meat products, especially pork. This growth is accompanied by a trend of consolidation within the country's animal feed industry. However, in Turkey, the consumption of sunflower meal has seen a decline, attributed to the rising use of alternative feed options such as dried grains and corn gluten feed pellets.
Sunflower Meal Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain/Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 US
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2.1.1.1.1 Production Analysis
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2.1.1.1.2 Consumption Analysis, Market Value and Price Trend
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2.1.1.1.3 Import Market Analysis
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2.1.1.1.4 Export Market Analysis
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2.1.1.1.5 Price Trend Analysis
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2.1.1.2 Canada
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2.1.1.2.1 Production Analysis
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2.1.1.2.2 Consumption Analysis, Market Value and Price Trend
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2.1.1.2.3 Import Market Analysis
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2.1.1.2.4 Export Market Analysis
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2.1.1.2.5 Price Trend Analysis
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2.1.1.3 Mexico
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2.1.1.3.1 Production Analysis
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2.1.1.3.2 Consumption Analysis, Market Value and Price Trend
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2.1.1.3.3 Import Market Analysis
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2.1.1.3.4 Export Market Analysis
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2.1.1.3.5 Price Trend Analysis
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2.1.2 Europe
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2.1.2.1 UK
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2.1.2.1.1 Production Analysis
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2.1.2.1.2 Consumption Analysis, Market Value and Price Trend
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2.1.2.1.3 Import Market Analysis
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2.1.2.1.4 Export Market Analysis
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2.1.2.1.5 Price Trend Analysis
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2.1.2.2 Russia
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2.1.2.2.1 Production Analysis
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2.1.2.2.2 Consumption Analysis, Market Value and Price Trend
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2.1.2.2.3 Import Market Analysis
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2.1.2.2.4 Export Market Analysis
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2.1.2.2.5 Price Trend Analysis
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2.1.2.3 Ukraine
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2.1.2.3.1 Production Analysis
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2.1.2.3.2 Consumption Analysis, Market Value and Price Trend
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2.1.2.3.3 Import Market Analysis
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2.1.2.3.4 Export Market Analysis
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2.1.2.3.5 Price Trend Analysis
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2.1.3 Asia-Pacific
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2.1.3.1 India
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2.1.3.1.1 Production Analysis
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2.1.3.1.2 Consumption Analysis, Market Value and Price Trend
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2.1.3.1.3 Import Market Analysis
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2.1.3.1.4 Export Market Analysis
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2.1.3.1.5 Price Trend Analysis
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2.1.3.2 China
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2.1.3.2.1 Production Analysis
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2.1.3.2.2 Consumption Analysis, Market Value and Price Trend
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2.1.3.2.3 Import Market Analysis
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2.1.3.2.4 Export Market Analysis
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2.1.3.2.5 Price Trend Analysis
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2.1.3.3 Myanmar
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2.1.3.3.1 Production Analysis
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2.1.3.3.2 Consumption Analysis, Market Value and Price Trend
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2.1.3.3.3 Import Market Analysis
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2.1.3.3.4 Export Market Analysis
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2.1.3.3.5 Price Trend Analysis
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.1.1 Production Analysis
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2.1.4.1.2 Consumption Analysis, Market Value and Price Trend
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2.1.4.1.3 Import Market Analysis
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2.1.4.1.4 Export Market Analysis
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2.1.4.1.5 Price Trend Analysis
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2.1.4.2 Brazil
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2.1.4.2.1 Production Analysis
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2.1.4.2.2 Consumption Analysis, Market Value and Price Trend
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2.1.4.2.3 Import Market Analysis
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2.1.4.2.4 Export Market Analysis
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2.1.4.2.5 Price Trend Analysis
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2.1.5 Middle East & Africa
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2.1.5.1 South Africa
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2.1.5.1.1 Production Analysis
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2.1.5.1.2 Consumption Analysis, Market Value and Price Trend
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2.1.5.1.3 Import Market Analysis
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2.1.5.1.4 Export Market Analysis
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2.1.5.1.5 Price Trend Analysis
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2.2 Procurement Preference Matrix
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Sunflower Meal Market Size FAQs
How big is the Sunflower Meal Market?
The Sunflower Meal Market size is expected to reach USD 6.98 billion in 2024 and grow at a CAGR of 6.05% to reach USD 9.35 billion by 2029.
What is the current Sunflower Meal Market size?
In 2024, the Sunflower Meal Market size is expected to reach USD 6.98 billion.
