Beet Pulp Pellets Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Beet Pulp Pellets Market is Segmented By Form(Plain, Molasses-based), By Application(Swine Feed, Equine Feed, Dairy Feed, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview:

The global "beet pulp pellets market" is estimated to reach at a high CAGR during the forecast period 2024-2031

The fibrous portion of the sugar beet that remains after the sugar and liquid have been removed is known as beet pulp. It is physically pressed, dried, and pelletized to a diameter of 5/16" (8mm). Pulp pellets are primarily marketed as a popular and healthier animal feed option, and various companies compete in the same market segments. Beet sugar pulp pellets are commonly used to feed cattle in animal husbandry. The United States, Germany, France, Russia, and Ukraine are the world's top beet sugar producers. Beet pup pellets are often sold as dried flakes or crushed pellets to the animal husbandry business. Pulp pellets are normally soaked in water before being fed to animals. They are high in fiber and energy and contain more calcium, protein, and vitamin A than other foods.

Market Scope

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Market Dynamics: 

High health benefits and nutritious values for animals to bolster growth 

The most common application of beet pulp is in animal husbandry, where these pellets are commonly used to feed horses and other animals. Pulp pellets are a great source of nutrition since they are high in protein and vitamins. They are sometimes used directly and several times as part of other foods. Horse and livestock owners choose to feed pulp pellets to their animals in order to provide them with adequate nutrients on a regular basis. Furthermore, they are high in calcium, which is beneficial to the animals' bones. The demand for pulp pellets among animal owners is steadily increasing due to their nutritional benefits. Furthermore, the market is predicted to rise due to 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. As a result, for the past few years, the market for pulp pellets has been on the rise.

Contamination and safety concerns, on the other hand, may stifle the demand for beet pulp pellets. Cost and contamination concerns have been key hurdles to the market, particularly when inappropriate storage conditions make beet pulp susceptible to mould infection. Furthermore, a lack of awareness among cattle owners about the functional benefits of beet pulp may impede market growth. Furthermore, the growing number of new players, particularly in affluent countries like the United States and Canada, would pose a danger to existing and established players. This aspect is also putting a strain on the pulp pellet market.

Market Segmentation: 

Molasses-based segment held largest market revenue share in the year 2020

Due to its growing popularity among cattle owners, molasses-based pulp pellets are expected 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. The molasses-based pellets segment is expected to account for around 3/5th of the total market. During the projection period, the segment is expected to increase at a significant rate. During the projected period, the equine-feed segment is expected to develop at the fastest rate. Because of their exceptional nutritional characteristics, beet pup pellets are commonly used for equine feed. Proteins and vitamins are abundant in pulp pellets. It's also a rich source of fiber, which helps to build stronger bones. The equine feed application segment is expected to increase significantly in the near future. The market for beet pulp pellets is dominated by swine feed sectors. The need for swine feed is expected to rise as swine meat consumption rises. Additionally, raising consumer awareness of the benefits of beet pulp pellets in enhancing swine health will aid market expansion.

Geographical Penetration: 

Asia Pacific is expected to dominate the global beet pulp pellets market in the year 2020

This is due to the growing use of pulp pellets in this region for a variety of uses, including animal feed, equine feed, and others. The pulp pellets market is dominated by the Asia Pacific region. Because of 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. In the year 2020, Europe is expected to have a considerable market revenue share of XX percent. Cattle owners in several major European countries, including Germany, France, Italy, and Spain, prefer pulp pellets for swine and equine feed.

Competitive Landscape: 

Due to the existence of a large number of established and regional players, particularly in developing regions such as Asia Pacific, South America, and the Middle East and Africa, this market is moderately fragmented. Trouw Nutrition Canada Inc., Nordik Sugar, Midwest-Agri-Commodities, and LaBudde Group Inc. are focusing on growing their distribution networks in the Asia Pacific region, where demand for pulp pellets is always increasing. Sugar beet pulp pellets (SBPP) prices in several European countries fell in June 2019 due to a number of variables, including decreased demand and strong production trends.

COVID-19 Impact: Negative impact on the beet pulp pellets market 

In most regions, the COVID-19 pandemic interrupted the supply chain for pulp pellets, particularly in those where the pandemic's impact was higher. During the peak of the pandemic, the country-wide shutdown caused massive disruptions in product transportation and distribution. The production of this substance is also limited in certain countries due to strict social distancing norms and high infection rates. During the pandemic, both demand and supply were on the decline in this market.

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