Market Trends of Sunflower Meal Industry
This section covers the major market trends shaping the Sunflower Meal Market according to our research experts:
Increasing Demand for Sunflower Meal in the Asia-Pacific Region
The increasing imports of sunflower meal in Vietnam and India can be attributed to the increase in the demand for alternative cheap sources of protein-rich feed. The growth in livestock production is expected to create a demand for better feed, as people are highly concerned about quality meat. The Chinese animal feed market is growing rapidly, due to the increasing demand for meat and meat products, especially pork. Over the last decade, the country’s animal feed industry has been witnessing augmenting consolidation.
Europe Dominates the Sunflower Meal Market in Terms of Revenue
The leading producer of sunflower meals in Europe is Ukraine, as it also dominates the production of sunflower seeds. Russia, which ranks second right after Ukraine, produced 4.6 million metric ton during 2017-2018. Sunflower meal consumption in Turkey in 2018 declined to 1.7 million metric ton, due to the increasing utilization of alternatives items, such as dried grains and solubles and corn gluten feed pellets.
