Global Blood Meal for Poultry Market – Industry Trends and Forecast to 2029

Market Analysis and Size

The agriculture sector has been under increasing pressure to supply the rising demand for high-value blood meal for animal protein and fertilizers. Animal farmers and breeders are boosting their production in order to fulfil the rising demand. This development has resulted in a surge in demand for the blood meal, which are critical for improving animal growth and productivity. Moreover, the promotion of the blood meal products will also result in the expansion of the market.

• Global blood meal for poultry market was valued at USD 0.64 billion in 2021 and is expected to reach USD 0.99 billion by 2029, registering a CAGR of 5.30% during the forecast period of 2022-2029. “Fertilizers” dominates the application segment owing to the high demand for organic food supplies within the market in the above mentioned forecasted period.

Market Definition                                    

The blood meal is an inert, dry powder prepared by drying animal blood taken from animals slain and used for a variety of purposes. Blood Meal is a protein source for animal feed and one of several components used by a nutritionist to create a balanced meal. This completed product is nitrogen-rich and suitable for organic farming. Because blood is a perishable product, it is processed and collected as pigs, cattle, chickens, and other animals are slaughtered. .Blood meal is nitrogen-rich and organic and is often used as a fertilizer providing mineral and nutrients for the plants.

Blood Meal for Poultry Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

• Increased Demand For Animal Proteins and Fertilizers

The increase in consumption of animal-based products in emerging countries which will bolster the growth of the market in the above mentioned forecasted period. These meals are derived from the animals, a natural source of high-quality protein as well as other nutrients, which are also projected to cushion the market’s growth. In addition to this, its usage as a high-nitrogen organic fertilizer as it contains highs amounts of nitrogen, phosphorus and potassium also drives the market’s growth.

• Growing Research and Developments

Furthermore, the investments in research and developments and promotion of the blood meal products generate profitable opportunities to the market players in the forecast period of 2022 to 2029. Manufacturers are working towards growing awareness among the people regarding protein supplements thus carving the growth for the market.

Others

The growth determinants such as the rise in disposable incomes and urbanization coupled with the multiple benefits of blood meal for prominent industries are also projected to accelerate the growth of the market. Moreover, growth in aquaculture and aquaculture products are expected to further fuel growth of the market over the above mentioned forecasted period.

Restraints/Challenges

• Stringent Regulations and High Cost

On the flip side, the factors such as the stringent regulatory framework which prohibits the use of animal proteins in ruminant feed will create hindrances for the growth of the blood meal for poultry market in the above mentioned forecasted period. In addition to this, the increasing costs of raw materials are estimated to hamper the growth of the market.

• Low Acceptance

The dearth of awareness and unwillingness to accept a feed ingredient derived from blood will challenge the blood meal for poultry market in the above mentioned forecasted period.    

This blood meal for poultry market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the blood meal for poultry market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Blood Meal for Poultry Market

The recent outbreak of COVID-19 has critically impacted the industries across the globe. As a result of the epidemic, the food processing industry is one of the key businesses in the globe that is experiencing substantial plant closures, supply chain disruptions, stifling business growth, technology event cancellations, and has affected the overall production and sales of blood meal for poultry market. The new developments and other development projects have come to a halt. Various lockdown and social distancing restrictions led to uncertainty by slowing supply chains, stifling business growth, affected the overall production and sales of blood meal for poultry market. The emphasis swings away from product development and new releases and toward avoiding supply interruptions and shortages.

Moreover, the everyday routines and activities of food scientists, buying managers, and operations workers have altered as stores and manufacturers priorities the restocking of key food products in accordance to COVID-19. Weaker consumer demand for lifestyle and wellness goods as a result of societal constraints and lockdown regulations have negatively affect the poultry feed industry's demand patterns.

Global Blood Meal for Poultry Market Scope

The blood meal for poultry market is segmented on the basis of process, source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Process

• Solar Drying
• Drum Drying
• Ring and Flash Drying
• Spray Drying

On the basis of process, the blood meal for poultry market has been segmented into solar drying, drum drying, ring and flash drying and spray drying.

Source

• Ruminant Blood
• Poultry Blood
• Porcine Blood

On the basis of source, the blood meal for poultry market is segmented into ruminant blood, poultry blood and porcine blood.

Application

• Animal Feed
• Fertilizers

On the basis of application, the blood meal for poultry market is segmented into animal feed and fertilizers. Fertilizers are estimated to register the highest CAGR owing to the high demand for organic food supplies.

Blood Meal for Poultry Market Regional Analysis/Insights

The blood meal for poultry market is analyzed and market size insights and trends are provided by country, process, source and application as referenced above.

The countries covered in the blood meal for poultry market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the blood meal for poultry market because of the owing to the rising demand for organic products as well as increasing consumption of the livestock products such as eggs, meat and milk in the above mentioned forecasted period. Asia-Pacific, on the other hand, is estimated to register a significant growth owing to the increasing production as well as consumption of various animal-based products, increasing urbanization and presence of major meat consuming economies such as pork in China and Vietnam within the region in forecasted period from 2021 to 2029.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Blood Meal for Poultry Market Share Analysis

The blood meal for poultry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to blood meal for poultry market.

Some of the major players operating in the blood meal for poultry market are Darling Ingredients Inc. (US), Nutreco (Netherlands), West Coast Reduction Ltd. (US), Valley Proteins, Inc. (US), Ridley Corporation Limited (Australia), Allanasons Pvt Ltd (India), FASA Group (Brazil), The Fertrell Company (U.S),Sanimax (Canada), Allanasons Pvt Ltd., (India), Sanimax (Canada) and Apelsa Guadalajara and S.A. de C.V (Mexico) among others.

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