Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Beet Pulp Pellets Market Size Expected to Grow from USD 166.61 Million in 2023 to USD 236.51 Million by 2033, at a CAGR of 3.57% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Beet Pulp Pellets Market Size, Share, and COVID-19 Impact Analysis, By Livestock Type (Cattle, Swine, and Horses), By Form (Dried Beet Pulp and Wet Beet Pulp Pellets), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The fibrous part of the sugar beet that remains after the liquid and sugar have been extracted is called beet pulp. After being mechanically compressed, dried, and pelletized, it has a diameter of 5/16" (8mm). Many businesses operate in the same industry categories, and pulp pellets are primarily promoted as a well-known and healthier substitute for animal feed. Additionally, for manufacturers and dealers of pulp pellets, the increased beet production in various locations and the rising end-user consumption of beet pulp pellets create an opportunity market. The rise of the sugar beet industry and the growing use of beet pulp as a value-added byproduct have been driving the continuous growth of the global market for beet pulp pellets. The availability of beet pulp pellets has expanded along with the growth in sugar beet output in major producing nations, giving feed makers and animal producers the chance to include this nutrient-dense material in their feed formulas. However, the market for beet pulp pellets is primarily constrained by the volatility of raw material availability.
The cattle segment is expected to hold the largest share of the global beet pulp pellets market during the projected timeframe.
The global beet pulp pellets market is segmented by livestock type into cattle, swine, and horses. Among these, the cattle segment is expected to hold the largest share of the global beet pulp pellets market during the projected timeframe. This is because of the increased need for feed high in fiber, which facilitates digestion and encourages weight gain. The nutritional value and affordability of beet pulp pellets make them a popular addition to the diets of dairy and beef cattle.
The dried beet pulp segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the form, the global beet pulp pellets market is categorized as dried beet pulp and wet beet pulp pellets. Among these, the dried beet pulp segment is expected to grow at the fastest CAGR during the projected timeframe. Livestock farmers who need a reliable and economical feed source that keeps well in storage for long stretches of time favor them.
North America is projected to hold the largest share of the global beet pulp pellets market over the forecast period.
North America is projected to hold the largest share of the global beet pulp pellets market over the forecast period. The demand for high-fiber feed solutions to improve animal productivity and health is considerable in the United States and Canada, two considerable consumers. The region's advanced feed manufacturing technology and well-established infrastructure facilitate market expansion. The use of leftovers in animal feed and the growing emphasis on sustainable farming methods are further factors driving the uptake of beet pulp pellets.
Europe is expected to grow at the fastest CAGR growth of the global beet pulp pellets market during the forecast period. The demand for beet pulp pellets is driven by the region's well-established livestock industry and the emphasis on wholesome feed. Additionally, sugar beet cultivation has a long history in Europe, guaranteeing a consistent supply of raw materials for the production of pellets. The advantages of beet pulp pellets are in line with the emphasis on animal welfare and sustainable agricultural methods, which promotes market expansion.
Competitive Analysis
Major vendors in the global beet pulp pellets market are Midwest Agri-Commodities, American Crystal Sugar, Tereos, British Sugar, Delta Sugar Company, Michigan Sugar, Amalgamated Sugar, Ontario Dehy Inc, Nordzucker, and Others.
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global beet pulp pellets market based on the below-mentioned segments:
Global Beet Pulp Pellets Market, By Livestock Type
Global Beet Pulp Pellets Market, By Form
Global Beet Pulp Pellets Market, By Regional
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