Blood Meal Market Size, Share, Development Status, Industry Statistics, Emerging Trends, Global Forecast to 2030 by Market Research Future (MRFR)
Market Overview
The Blood Meal Market is expected to reach USD 2.53 Billion by the end of the forecast period at a CAGR of 3.50% during the forecast period.
The global blood meal market is
expanding at a reasonable rate. Because blood meal is a valuable protein
source, it is used in animal feed. It is a dry, inert powder formed from the
blood of animals killed during slaughter. Blood is the most polluting of all
the animal waste from slaughterhouses. However, because blood contains roughly
18% protein, efforts have been undertaken to guarantee that animal blood is
properly utilized on a broad scale to take advantage of the rich protein
content while also reducing pollution from animal slaughter. When compared to
other food proteins like bone meal and meat meal, the amino acid profile of
blood meal protein is similar to the optimal protein ratio since the lysine
level is very high. As a result, blood meal is utilized as an alternate protein
source in the diets of dairy cattle, beef cattle, sheep, pigs, poultry, and
other animals that require a lot of protein. The effective use of such
by-products has a direct impact on the economy and pollution levels. Blood meal
demand in the animal feed sector is predicted to increase as a result of these
causes. Animal proteins are not allowed in ruminant feed due to strict rules.
Because blood meal contains large concentrations of nitrogen, phosphate, and
potassium, it can be utilized as a high-nitrogen organic fertilizer, causing
fertilizer makers to be in high demand.
Regional
Classification
Because of the presence of an
established animal feed sector and the rising consumption of meat products such
as meat, eggs, and milk, North
America Blood Meal Market maintained the biggest regional market share. The
market of the Asia-Pacific region during the forecast period is considered the
regional market and is predicted to grow at the fastest rate due to growing
awareness of the benefits of blood meal and improved product availability.
Market
Segmentation
Based on the Process, the market is
segmented into Solar Drying, Drum Drying, Ring & Flash Drying, and Spray
Drying.
Based on the Application, the market
is segmented into Animal Feed and Fertilizers.
Based on the Source, the Blood Meal Market Overview is segmented into Poultry Blood,
Porcine Blood, and Ruminant Blood.
Based on the market region, the
market is segmented into North America, Europe, Asia-Pacific, and the Rest of
the World.
Industry
News
The major key players in the market
are Darling Ingredients Inc. (US), Terramar Chile SpA. (Chile), West Coast
Reduction Ltd. (Canada), Valley Proteins Inc. (US), Ridley Corporation Limited
(Australia), Allanasons Pvt Ltd (India), The Boyer Valley Company (US), FASA
Group (Brazil), Sanimax (US), APC, Inc. (the US), Apelsa Guadalajara SA de CV
(Mexico), Agro-industrial Complex Bačka Topola LTD (Serbia), and The Jobe's
Company (US). Due to a large number of active buyers and sellers, it is a
perfect competition market. Several regional and local firms dominate the
market, as seen by their well-known brands. Product development is a priority
for market participants, who are spending on R&D and forming strategic
alliances with distributors to improve and expand their distribution networks.
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Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
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