According to Stratistics MRC, the Global Beet Pulp Pellets Market is accounted for $149.66 million in 2021 and is expected to reach $216.87 million by 2028 growing at a CAGR of 5.4% during the forecast period. Beet pulp is the rubbery portion of the sugar beet, left after the sugar and liquid have been removed. It is automatically pressed, dried, and then pelletized into a diameter pellet. Pulp pellets are mostly marketed as a prominent and healthier substitute for animal feed, and numerous companies are operating in the same business. It is often used in animal husbandry to feed cattle and also supplied to the industry of animal husbandry as dried flakes or compressed pellets. While feeding it to animals, pulp pellets are usually soaked in water. They are high in energy and fiber and are superior in calcium, protein, and vitamin.
Driver: High health benefits and nutritious values for animals to bolster growth
As it is a great source of nutrition since they are high in protein and vitamins. They are sometimes used directly and numerous times as part of other foods. Horse and livestock owners choose to feed it’s to their animals to provide them with sufficient nutrients regularly. The most common application of beet pulp is in animal husbandry, where these pellets are commonly used to feed horses and other animals. Additionally, they are high in calcium, which is beneficial to the animals’ bones. The demand for pulp pellets among animal owners is steadily growing owing to their nutritional benefits. Moreover, the market is anticipated to rise due to the 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.
Restraint: Contamination and safety concerns
One of the major restraints is due to improper storage conditions make beet pulp prone to mold infection, which created contamination concerns, have been major impediments to the market. Furthermore, the poor awareness among cattle owners regarding the functional benefits of beet pulp may restraint the growth of the market.
Opportunity: Rise in demand for equine feed
As it is a good source of fiber which is useful to increase bone intensity. Equine nutrition is the feeding of horses, ponies, mules, donkeys, and others. For proper horse care, correct and balanced nutrition is a critical component. Pulp pellets provide this nutrition, owing to this, its demand among horse owners is continuously increasing and creating opportunities in the market. Beet pup pellets are widely used for equine feed owing to their superior nutritional properties. Pulp pellets are rich in proteins.