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Sunflower Meal Market Analysis

The Sunflower Meal Market size is estimated at USD 6.98 billion in 2024, and is expected to reach USD 9.35 billion by 2029, at a CAGR of 6.05% during the forecast period (2024-2029).

Sunflower meal, a byproduct of sunflower seed crushing for oil extraction, has gained significant importance in recent years due to increasing demand from the livestock, dairy, and aquaculture industries. This meal, obtained after oil extraction, contains a high protein percentage ranging from 28% for meals from hulled seeds to 42% for dehulled seed meals according to the National Institutes of Health, United States. It is primarily used in livestock and poultry feed rations. The high protein content makes sunflower meal an excellent livestock feed, particularly for ruminants. Low-fiber and higher-protein sunflower meals are also suitable for poultry and swine feeding. The widespread use of sunflower meals in various animal feeds is anticipated to drive its consumption globally. For instance, according to the US Department of Agriculture, India's consumption of sunflower seed meals increased to 265 thousand metric tons in 2022, a 44.8% increase from the previous year.

Sunflower meal is the fourth largest oilseed meal produced and consumed worldwide, following soybean, rapeseed, and cottonseed oil extraction and it is also the third largest source of protein supplement used for livestock, behind soybean and rapeseed (canola) meals, as reported by the United States Department of Agriculture. The availability and competitiveness of sunflower meals are anticipated to remain high, potentially limiting the growth in feed use of soybean meal, although soybean meal usage is still anticipated to increase. The use of sunflower meals in animal feed is driven by its cost-effectiveness. As a byproduct of oil extraction, it is often available at a lower cost compared to other protein sources such as soybean meal. This makes it an attractive option for feed manufacturers and livestock producers seeking affordable protein sources for animals.

Additionally, the global increase in animal meat consumption is raising concerns about sustainable animal feed solutions, further supporting the sunflower meal market. For instance, according to the Food and Agriculture Organization, the per capita meat consumption in Mexico increased from 14.77 kg in 2022 to 15.02 kg in 2023. Furthermore, the USDA reported that feed production in Mexico rose from 41.5 million metric tons in 2022 to 43.0 million metric tons in 2023, indicating a steady increase in feed demand. The increasing usage, low costs, and high protein content are anticipated to support the market during the forecast period.

Sunflower Meal Industry Segmentation

Sunflower meal is the by-product obtained after the extraction of oil from sunflower seeds. They can be made from whole or decorticated seeds and can be mechanically and/or solvent-extracted. The Sunflower Meal Market is segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis for all the above segments. Further, the report offers market size and forecast in terms of value in USD and volume in metric tons for all the segments.