The global beet pulp pellet market size is expected to reach USD 200.3 million by 2030 according to a new study by Polaris Market Research. The report “Beet Pulp Pellet Market Share, Size, Trends, Industry Analysis Report, By Livestock (Cow, Horse, Sheep, Goat, Pig, Buffaloes); By Product (Wet, Pressed, Dried, Ensiled); By Category; By Sales Channel; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Sugar beet pulp’s immense commercial relevance is reinforced by its widespread demand in composites, food, flavor, and feedstock applications, driving the market’s growth. They also have the potential to be used in the production of ethanol fuel. Regulations are also important in the production of the product, and many emerging and developed countries have favored it over the years, accelerating the market’s growth.
The agricultural and food industries generate considerable trash and by-products with great nutritional and economic value, which result in increasing the volume of the pellet production and consumption, thereby driving the beet pulp pellet industry growth. Organic components in food and beverages have seen a significant increase in demand.
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The demand for organic products is increasing, owing to shifting consumer preferences and a focus on healthy living. The product sales are likely to rise in the near future as an increasing number of food companies choose to enhance their portfolio in line with customer preferences. They are now more conscious of their animals’ intolerances and allergies. Omega-3 fatty acids are increasingly being included in livestock feed.
The molasses-based sector is projected to dominate the market in the near future. Molassed is a highly digested fiber that is good for ruminants because it helps enhance acetate production and maintains rumen conditions. It is also very good at absorbing liquids. They’re widely utilized as a dairy, equestrian, and animal feed substitute and have a high nutritional value.
Midwest Agri-Commodities, American Crystal Sugar, Tereos, British Sugar, Delta Sugar Company, Michigan Sugar, Amalgamated Sugar, Ontario Dehy Inc, and Nordzucker are some of the leading participants in the personal protective equipment sector.
Polaris Market Research has segmented the beet pulp pellet market report based on product, livestock, category, sales channel, and region:
Beet Pulp Pellet, Product Outlook (Revenue – USD Million, 2018 – 2030)
Beet Pulp Pellet, Livestock Outlook (Revenue – USD Million, 2018 – 2030)
Beet Pulp Pellet, Category Outlook (Revenue – USD Million, 2018 – 2030)
Beet Pulp Pellet, Sales Channel Outlook (Revenue – USD Million, 2018 – 2030)
- Direct Sales
- Modern Trade
- Specialty Store
- Departmental Store
- Convenience Store
- Online Retailers
Beet Pulp Pellet, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa