Beet Pulp Pellets Market Forecasts to 2028 – Global Analysis By Form (Molasses – Based, Plain- Based), Application (Dairy Feed, Equine Feed, Swine Feed), and By Geography

Beet Pulp Pellets Market Forecasts to 2028 – Global Analysis By Form (Molasses – Based, Plain- Based), Application (Dairy Feed, Equine Feed, Swine Feed), and By Geography

According to Stratistics MRC, the Global Beet Pulp Pellets Market is accounted for $149.66 million in 2021 and is expected to reach $216.87 million by 2028 growing at a CAGR of 5.4% during the forecast period. Beet pulp is the rubbery portion of the sugar beet, left after the sugar and liquid have been removed. It is automatically pressed, dried, and then pelletized into a diameter pellet. Pulp pellets are mostly marketed as a prominent and healthier substitute for animal feed, and numerous companies are operating in the same business. It is often used in animal husbandry to feed cattle and also supplied to the industry of animal husbandry as dried flakes or compressed pellets. While feeding it to animals, pulp pellets are usually soaked in water. They are high in energy and fiber and are superior in calcium, protein, and vitamin.

Market Dynamics:

Driver:

High health benefits and nutritious values for animals to bolster growth

As it is a great source of nutrition since they are high in protein and vitamins. They are sometimes used directly and numerous times as part of other foods. Horse and livestock owners choose to feed it's to their animals to provide them with sufficient nutrients regularly. The most common application of beet pulp is in animal husbandry, where these pellets are commonly used to feed horses and other animals. Additionally, they are high in calcium, which is beneficial to the animals' bones. The demand for pulp pellets among animal owners is steadily growing owing to their nutritional benefits. Moreover, the market is anticipated to rise due to the high demand for equine feed. Equine nutrition refers to how horses, ponies, mules, donkeys, and other animals are fed. Correct and balanced feeding is an important part of effective horse care. This nutrition is provided by pulp pellets. As a result, its popularity among horse owners continues to grow.

Restraint:

Contamination and safety concerns

One of the major restraints is due to improper storage conditions make beet pulp prone to mold infection, which created contamination concerns, have been major impediments to the market. Furthermore, the poor awareness among cattle owners regarding the functional benefits of beet pulp may restraint the growth of the market.

Opportunity:

Rise in demand for equine feed

As it is a good source of fiber which is useful to increase bone intensity. Equine nutrition is the feeding of horses, ponies, mules, donkeys, and others. For proper horse care, correct and balanced nutrition is a critical component. Pulp pellets provide this nutrition, owing to this, its demand among horse owners is continuously increasing and creating opportunities in the market. Beet pup pellets are widely used for equine feed owing to their superior nutritional properties. Pulp pellets are rich in proteins.

Threat:

Increasing number of new players

The growing number of new players, particularly in advanced countries, such as the U.S. and Canada, would create a threat for the prevailing and established players. It also increases competition in the market.

The Molasses-based segment is expected to be the largest during the forecast period

Due to its mounting popularity among cattle owners, molasses-based pulp pellets are predictable to account for the majority of the market. It's a popular choice in animal feed, horse feed, and dairy feed because of its superior nutrition features. Its superior nutrition properties make it a prominent alternative in animal feed, equine feed, and dairy feed.

The swine segment is expected to have the highest CAGR during the forecast period

The rising consumption of pork meat is estimated to drive the demand for swine feed. Besides, consumer awareness regarding the benefits of beet pulp pallets helps in promoting swine health, supporting the market growth.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the growing use of pulp pellets in this province for a variety of uses, including animal feed, equine feed, and others. Additionally, with the robust consumption of dynamic swine feed and dairy feed sectors in rising nations such as India and China, developing economies are likely to have significant growth rates in the pulp pellets market. Due to their nutritional value, such as being high in protein, fiber, and vitamins, pulp pellets have become one of the most sought-after ingredients in these countries.

Region with highest CAGR:

Europe is projected to have the highest CAGR, due to the factors such as in several major countries of Europe, such as Germany, France, Italy, and Spain, cattle owners prefer pulp pellets for swine feed and equine feed. A growing number of French people are giving up on meat consumption to turn vegan. Besides this, the popularity of the flexitarian diet is rising in France, in turn creating attractive prospects for beet pulp sales. Expansion of online sales channels is expected to support this expansion.

Key players in the market:

Some of the key players profiled in the Beet Pulp Pellets Market include Amalgamated Sugar Company, InterFeed BV, Jelle de Vries BV, LaBudde Group Inc, Michigan Sugar Company, Midwest-Agri-Commodities, Nordik Sugar, Pestel Nutrition, Sucden, Trouw Nutrition Canada Inc.

Key developments:

In June 2021: Michigan Sugar announced that it has launched redesigned brand website at pioneersugar.com..

In October 2019: Trouw Nutrition Canada acquired Yantzi’s Feed & Seed Ltd., The acquisition includes Yantzi’s feed manufacturing, grain storage, crop input facility and retail store..

In July 2019: Sucden acquired TRIO Sugar Business. As a result of the acquisition, Sucden became the majority partner in TRIO’s sugar business and beet growing areas.

In November 2021: Pestell Nutrition acquired Premier Ag Resources. The acquisition expands Pestell Nutrition’s geographic presence and product portfolio, adding specialty pet food ingredients.

Forms Covered:
• Molasses - Based
• Plain - Based

Applications Covered:
• Dairy Feed
• Equine Feed
• Swine Feed

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances