Blood Meal Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Blood Meal Market is segmented by Source into Porcine Blood, Poultry Blood, and Ruminant Blood; by Application into Poultry feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, and Organic Fertilizer and Geography.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 3.1 %

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Market Overview

The blood meal is inert and dry powder made by drying the animal blood, which is collected from animals which are killed and used for various applications. Blood Meal is used as a protein source for animal feed and is one of many ingredients that a nutritionist will use to formulate a complete feed. This finished product is high in nitrogen and can be used in organic farming. As blood is a perishable product; therefore, it is processed and collected throughout the slaughtering of pigs, cattle, chicken, and others. Later, the blood is dried and processed and made into blood meal so that it can be incorporated and handled into rations. The market is further driven by the increase in consumption of animal-based products in emerging countries due to increasing urbanization.Blood meal is nitrogen-rich and organic, often used as a fertilizer providing mineral and nutrients for plants. In the form of fertilizer, it is also useful in scattering herbivorous animals.

Scope of the Report

This report categorizes the market based on source type and application. This report focuses on the Blood Meal in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East, and Africa. The companies in the industry operate in B2C format.

By Source
Porcine Blood
Poultry Blood
Ruminant Blood
By Application
Poultry Feed
Porcine Feed
Ruminant Feed
Aqua Feed
Natural Pest Deterrent
Organic Fertilizer
Geography
North America
US
Canada
Mexico
Rest of North America
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of the Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Rest of the Middle East & Africa

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Key Market Trends

Growing Demand for Nutritional Feed

Blood is considered as liquid protein owing to its high protein content in blood and is rich in amino acids like Lysine, and has an advantage over plant-based protein which contain low lysine content.  The major factors behind the growth of the blood meal market are the rise in disposable incomes, urbanization, and increased demand for animal proteins. The growth in aquaculture and aquaculture products is also increasing the demand for nutritional feed. With the increasing demand for animal meat as well as animal-based products, there is an increase in the slaughter of animals leading to the opening of various opportunities for manufacturers of the blood meal.

The on-going ‘move to organic’ trend proves to be a positive factor for the blood meal market. A blood meal is one of the non-synthetic sources of Nitrogen and hence used as Natural Fertiliser. These meals are derived from the animals, a natural source of high-quality protein as well as other nutrients is expected to gain traction owing to increasing demand for natural feed ingredients. The multiple benefits of blood meal for prominent industries are expected to boost market growth during the forecast period. The stringent regulatory framework is a factor that may affect the growth of the global blood meal market.

Blood Meal_Market1

North America Leads the Blood Meal Market

The blood meal market in North America, as well as Europe, is expected to grow owing to the increasing demand for organic products and increasing consumption of livestock products such as eggs, meat, and milk. East Asia region seems to be an attractive market owing to increasing production as well as consumption of various animal-based products. Presence of major meat consuming countries such as pork in China and Vietnam is another factor supporting growth of the target market in this region.In countries like India and China, growing urbanization and increasing population are also factors propelling growth of the blood meal market in countries in the Asia Pacific region. 

Blood Meal Market Market2

Competitive Landscape

Many companies are taking interest to invest in the blood meal market owing to increasing opportunities. For instance, ridley corporation has started a wholly new subsidiary (CSF Proteins) for animal protein products. Manufacturers are investing in R&D and promote blood meal products like organic fertilizer because the prevention of iron chlorosis with Fe synthetic chelates is a widespread agronomical practice but implies high costs and environmental risks. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Value Chain / Supply Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Porcine Blood

      2. 5.1.2 Poultry Blood

      3. 5.1.3 Ruminant Blood

    2. 5.2 By Application

      1. 5.2.1 Poultry Feed

      2. 5.2.2 Porcine Feed

      3. 5.2.3 Ruminant Feed

      4. 5.2.4 Aqua Feed

      5. 5.2.5 Natural Pest Deterrent

      6. 5.2.6 Organic Fertilizer

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of the Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of the Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Boyer Valley Company, LLC.

      2. 6.4.2 The Fetrell Company

      3. 6.4.3 Terramar Chile

      4. 6.4.4 FASA Group

      5. 6.4.5 West Coast Reduction Ltd

      6. 6.4.6 Darling Ingredients

      7. 6.4.7 Agro-industrial Complex Backa Topola LTD

      8. 6.4.8 Valley Proteins Inc.

      9. 6.4.9 Sanimax

      10. 6.4.10 Allanasons Pvt Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Blood Meal Market market is studied from 2016 - 2026.

The Blood Meal Market is growing at a CAGR of 3.1% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Boyer Valley Company, LLC., The Fertrell Company, Terramar Chile, FASA Group, West Coast Reduction Ltd are the major companies operating in Blood Meal Market.

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