Dried Beet Pulp Pellets Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
However, the demand trajectory for dried beet pulp pellets from 2023 to 2033 is expected to follow a slightly different pattern. The market is poised for more substantial growth, particularly in emerging economies, where there is an expanding focus on improving livestock production. Factors such as population growth, increasing meat consumption, and the rising importance of high-quality livestock feed are anticipated to boost the demand for these pellets. The growing interest in sustainable farming practices is also expected to fuel the market as dried beet pulp pellets are seen as a cost-effective and eco-friendly alternative to other feed ingredients.
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The dried beet pulp pellets market experienced significant shifts from 2018 to 2022, driven by evolving demand in the agriculture, livestock, and pet food industries. As a by-product of sugar beet processing, beet pulp pellets have seen increasing demand due to their high fiber content, making them ideal for animal feed. From 2018 to 2022, the market witnessed steady growth in demand across regions like Europe and North America, which are the primary producers of sugar beets. The market saw an increase in beet pulp's use as a supplementary feed for cattle, horses, and other livestock, particularly in dairy and meat production, driven by rising concerns over animal nutrition.
Delta Sugar Company
American Crystal Sugar Company
Nordzucker
Tereos
AGRANA Beteiligungs
Michigan Sugar
Kanematsu Corporation
Nippon Beet Sugar Manufacturing
NAFOSA
JSC Skidel Sugar Plant
Suedzucker
Qingdao CTC Feed Corp
COFCO
Angel Yeast
Rana Sugar
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dried Beet Pulp Pellets Market
Poultry Feed
Livestock Feed
Based on Types the Market is categorized into Below types that held the largest Dried Beet Pulp Pellets market share In 2023.
Organic
Traditional
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dried Beet Pulp Pellets Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dried Beet Pulp Pellets Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dried Beet Pulp Pellets Market, By Type
6. Global Dried Beet Pulp Pellets Market, By Application
7. Global Dried Beet Pulp Pellets Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dried Beet Pulp Pellets Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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