The global beet pulp pellets market size is projected to witness promising growth in the coming years on account of the increasing popularity of fibrous feedstuff. Beet pulp is an industrial output that is generated after sugar is extracted from the beet. This serves as a major utility for the animal feed sector owing to its distinctive brown color. They are soft, digestible, and suitable for serving as feed to animals. A recent report by Fortune Business Insights titled, “Beet Pulp Pellets Market Size, Share & Industry Analysis, By Form (Molasses-based Beet Pulp Pellets, Plain Beet Pulp Pellets), By Application (Swine Feed, Dairy Feed, Equine Feed, Others) Others and Regional Forecast, 2019-2026,” discusses the market and its prime growth trajectories in details.
Some of the leading players operating in the Global Beet Pulp Pellets Market includes;
- Nordic Sugar (Germany),
- Trouw Nutrition Canada Inc. (Canada),
- Midwest Agri-Commodities (U.S),
- LaBudde Group Inc (U.S),
- Jelle de Vries BV (Netherlands),
- InterFeed BV (Netherlands)
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Major Segments includes:
- Molasses-based Beet Pulp Pellets
- Plain Beet Pulp Pellets
- Swine Feed
- Dairy Feed
- Equine Feed
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What are the Objectives of the Report?
- An elaborative review of the market
- Factors driving, restricting, creating opportunities for, and challenging the market
- List of key players, and the major strategies adopted by them to reach for the top position in the market
- Major industry developments, and other interesting insights into the market
- Current trends that are prevalent in the market
Increasing Demand from Pet Food Industry will Bolster Growth
The rise in the consumption of sugar worldwide is a major factor promoting the beet pulp pellets market growth. This, coupled with the different uses of beet pulp in various industry also aids in the expansion of the market. Product innovation and use of beet pulp as a raw material will increase its demand in the forecast period. Additionally, high fiber, high energy content, and protein present in these pellets also help the market gain momentum.
On the contrary, safety concerns of these pellets may pose a major challenge to the market in the coming years. This, coupled with the risk of contamination may cause major hindrance to the overall growth of the market in the forecast duration. Nevertheless, the increasing popularity of shredded beet pulp for use as the main ingredient for the pet food industry is anticipated to create lucrative growth opportunities for the market in the future.
Asia Pacific will Continue Dominance with High Demand from China and India
As per the geographical segmentation, the global market for beet pulp pellets is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each of these regions is further categorized based on nations. Among these, Asia Pacific is likely to hold the largest beet pulp pellet market share on account of robust consumption of dairy feed and swine feed dynamics in nations such as China and India. Beet pulp pellets are the most selected ingredients in this region attributed to their high fiber content that helps to facilitate and reducing digestive problems in ruminant animals. This, coupled with the rising demand for high-quality feed meals specially for broodmares or equine athletes is further poised to help this region continue dominating the market in the coming years.
Improving Product Portfolio- Key Strategy Adopted By Players
Companies operating in this market are engaging in collaborative efforts such as joint ventures, contracts and agreements, partnerships, mergers and agreements, and others to gain momentum in the market. Others are investing in product development and expansion to attract more revenues. The geographical expansion of companies will also help players earn a significant position in the market competition.
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Major Industry Developments of the Market include:
June 2019 – Strong production trends in Russia and weaker feed complex resulted in a considerable decline in prices of sugar beet pulp pellets (SBP) faced by the European Union.
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