The blood meal market was valued at US$ 1,825.9 million in 2018 and is expected to reach US$ 2,451.6 million by 2027; it is projected to grow at a CAGR of 3.4% from 2019 to 2027.
Blood meal is dried form of animal blood collected from slaughtering of several livestock species such as cattle, pigs, and chickens under specific conditions. It is considered as rich source of proteins, and iron and nitrogen, and is used to supplement feed diets based on cereal grains, plant remains, and forages. Blood meal serves an advantage over plant-based protein and other feed ingredients owing to their rich nutritional profile and cost-effectiveness. Apart from their use in the feed industry, blood meal also finds application as natural and organic fertilizers. Therefore, the surge in demand for healthy feed products, coupled with increased focus on environmental sustainability and crop protection, is likely to drive the market for blood meal during the forecast period.
The blood meal market in North America is expected to grow at the highest CAGR of 4.1% during the forecast period owing to the rising applications in animal feed industries, such as poultry feed, ruminant feed, and aqua feed as well as in agricultural industry. Blood meal is manufactured from clean fresh animal blood that does not include extraneous materials such as hair and stomach contents. Such meal can be dried with the help of several processes, and spray-drying is among the more commonly used methods. Blood meal is known for its nutritional profile and is a rich source of protein as well as nitrogen. The rise in competition in the feed industry,along with high cost of conventional feed ingredients, is motivating the feed producers to procure less costly feed ingredients, such as blood meals. The growth of feed and agricultural sector in North America is expected to fuel the demand for blood meal in the region.
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Top Key Players Profiled in This Report: Allanasons Pvt Ltd, APC Company, Inc.,, Apelsa Guadalajara, SA de CV, DAR PRO Ingredients, Ridley Corporation Limited, Sanimax, TerramarChile, The Boyer Valley Company, Inc., Valley Proteins, Inc., FASA Group
Blood Meal Market – By Source
Blood Meal Market – By Application
Blood Meal Market – By Process
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A detailed outline of the Global Blood Meal Market includes a comprehensive analysis of the various verticals of the businesses. North America, Latin America, Asia-Pacific, Africa, and Europe are considered for studies based on several terminologies.
It is expected to drive the Global Blood Meal Market over the betting period. This research report covers the market structure and its development prospects in the near future. After analyzing the major companies, the report focuses on new entrants contributing to the market growth. Most companies in the Global Blood Meal Market are currently using new technological trends in the market.
Finally, the researchers light up various ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Blood Meal Market. The feasibility of the new report is also measured in this research report.
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