In
animal husbandry, the domestic animals are given food which is called
as animal feed. There are two types of animal feed which are forage
and fodder. The animal feed includes pelleted feeds, straw, hay,
silage, legumes and mixed grains. The most important source of animal
feed is grains. There are 2 important feed grains such as soybean and
maize. According to BBC in 2008, sheep and cows consume 8kg of grains
in order to produce 1kg of meat. U.S. is the largest exporter of
maize and soybeans, which averages about half the global maize trade
and soy trade up to 40%.
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Soybean
is one of the major grain consumed by the domestic animals due to its
faster metabolizing properties and is a good protein supplement.
Soybean meal is produced from leftover residues after the oil
extraction process. About 98% of the soybean meal is utilized in the
animal feed, globally. And the rest of the 2% of soybean meal is
consumed as soy flour and other soybean derived products by the
humans.
There
are different types of by-products produced by soymeal. Soy hulls are
a type of soymeal derived product which is used as an effective feed
for the domestic animals. Soy hulls are especially used in the dairy
industry as it is highly rich in fiber which helps in the rapid
fermentation and digestion in the animals. Soy hulls does not need
any further processing and hence makes it a cost effective feed for
the animals in the dairy industry.
Soy
hulls are a by-product of soybean meal and soybean oil. When the
soybeans are processed, it removes the damaged and broken beans. The
rest of the beans are then cracked in order to remove the soy hulls.
The soy hulls are then heat treated and milled. The soy hulls are
considered to be the perfect feed for the animals as it is easily
available and less in price. Soy hulls can replace most of the grains
and hay in the diets of goats, sheep and other dairy cattle.
Soy
hulls are an ideal supplement for the ruminants which consume low to
moderate quality feed. Most of the producers are feeding soy hulls as
it is a common ingredient in the commercial feeds. Soy hulls work
best when they are in the pellet form or if it is mixed with other
feed. Soy hulls in the pellet form have a high bulk density. Soy
hulls pellet are easy to transport and store when compared to the
unpelleted soy hulls. Soy hulls are commonly used as a supplement for
goats and sheep which helps to improve the body condition of the
animals.
Some
of the market participants operating in the global soy hulls market
identified across the value chain include SOY-FED FISH, Ag Processing
Inc, Agrifeeds, Soon Soon Oilmills Sdn Bhd., Sakthi Soyas Limited,
Penny-Newman Grain, Ag Fibers, LLC, Agri Trading, Cereal Byproducts
Company, Consolidated Grain and Barge, CPE Feeds Inc, CR Feeds &
Fibers LLC, Diversified Ingredients, Grain Millers, Inc, Integrity
Sales, LLC, Key Ingredients, Inc., Lackawanna Products, MGP
Ingredients, R & J Cattle Company among the other soy hulls
players.
The
soy hulls market is pegged to have high potential for growth, owing
to the various benefits of soy hulls. Domestic animals in regions
such as Northern America and Latin America are fed soy hulls
predominantly when compared to the other feed. If the same practice
is adopted by other regions, the soy hulls market is likely to
witness phenomenal growth over the forecast period.
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