The global beet pulp pellets market size was USD 142.0 million in 2020. The market is projected to grow from USD 146.6 million in 2021 to USD 185.8 million by 2028 at a CAGR of 3.4% from 2021 to 2028. Asia Pacific dominated the beet pulp pellets market with a market share of 38.% in 2020.

The increasing consumption of beet pulp pellets among end-users and the growing beet production across several regions creates an opportunistic market for pulp pellets producers and retailers. Based on our analysis, the global market exhibited a lower growth of 3.24% in 2020 as compared to the average year-on-year growth during 2017-2019.

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Segments:

Molasses-Based Segment to Lead Market Share Due to High Nutritional Value

The beet pulp pellets market is segmented into plain and molasses-based variants. The molasses-based segment is anticipated to dominate the market owing to its high nutritional content. These pellets are widely adopted in dairy, equine, and animal feed industries, making them a preferred choice for enhancing animal nutrition.

Report Coverage:

Our comprehensive research reports provide an extensive analysis of the target industry, delivering a thorough understanding of market trends and insights. These reports include actionable strategies designed to boost beet pulp pellet sales, supported by a service-focused approach. Through detailed primary and secondary research, we ensure our clients remain informed about the latest innovations, regulatory updates, and competitive landscape.

Drivers & Restraints:

Rising Demand from the Animal Husbandry Sector to Propel Market Growth

The animal husbandry sector remains the largest consumer of beet pulp pellets, commonly used to feed various animals, particularly horses. These pellets are often combined with other food items or served directly due to their rich vitamin and protein content. Livestock owners incorporate beet pulp pellets into daily diets to promote animal health.

However, improper storage conditions can lead to mold contamination, posing a challenge that may restrain market growth in the future.

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Regional Insights:

Asia Pacific Generated USD 53.96 Million in 2020: Fortune Business Insights™

In 2020, the Asia Pacific region led the market with revenue totaling USD 53.96 million. The rising demand for beet pulp pellets in equine and animal feed has been a key growth driver, especially in developing nations like India and China, where the expanding dairy sector is fueling increased consumption.

Europe is projected to secure the second-largest market share, driven by the growing use of beet pulp pellets among cattle owners in countries such as Spain, Italy, France, and Germany.

A list of renowned manufacturers of beet pulp pellets operating in the global market:

  • Nordik Sugar (Copenhagen, Denmark)
  • Trouw Nutrition Canada Inc (Okotoks, Canada)
  • Midwest-Agri-Commodities (California, US)
  • LaBudde Group Inc. (Cedarburg, US)
  • Jelle de Vries BV (Friesland, Netherlands)
  • InterFeed BV (Etten-Leur, Netherlands)
  • Pestel Nutrition (Ontario, Canada)
  • Michigan Sugar Company (Michigan, United States)
  • Sucden (Paris, France)
  • Amalgamated Sugar Company (Idaho, United States)

Competitive Landscape:

Key Players Focus on Adhering to Government Regulations to Stay Competitive

The global beet pulp pellets market is led by key players committed to maintaining a competitive edge by ensuring compliance with government regulations. Many companies are also expanding their distribution networks to strengthen their market presence.

Recent Development:

January 2021: The European Union imposed a 25% tariff on the Irish feed industry, impacting its profitability. This tariff, linked to the ongoing Boeing-Airbus dispute, significantly affected the U.S. beet pulp and molasses sector.

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