Global Blood Meal for Aquafeed Market, By Source (Porcine Blood, Poultry Blood, Ruminant Blood), Process (Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Blood Meal for Aquafeed Market
Blood meal for aquafeed market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 3.80% in the above-mentioned forecast period.
Blood meal for aquafeed is an inert, dry powder made by drying animal blood collected from animals killed and used for aquafeed. Blood Meal is a protein source for animal feed and it contains high nitrogen and is one of many ingredients used by a nutritionist to create a complete feed.
There has been increasing production of feed and rising demand of meat products in developing economies which are estimated to emerge as the major factor fostering the growth of the blood meal for aquafeed market. In addition to this, the growing awareness among the people regarding protein supplements coupled with the rising urbanization and increasing demand of livestock product are further estimated to cushion the growth of the market in the forecast period of 2022 to 2029. Rising demand for protein-rich animal feed, demand for natural fertilizer with high nitrogen concentration and the growing demand for blood meal which are also the growth determinants that are projected to bolster the growth of the blood meal for aquafeed market in the above-mentioned forecast period. Moreover, the increase in consumption of animal-based products in emerging countries due to increasing urbanization is also projected to accelerate the market’s growth within the above mentioned forecast period. On the other hand, the stringent regulatory framework impedes the growth of the blood meal for aquafeed market in the forecast period of 2022 to 2029. Moreover, the lack of awareness and unwillingness to accept a feed ingredient derived from blood is also projected to hamper the blood meal for aquafeed market’s growth.
Furthermore, the increasing demand of nutritional supplements for monogastric animals and advancements within the agricultural sector especially in emerging economies will create lucrative opportunities for the growth of the blood meal for aquafeed market in the forecast period of 2022 to 2029. On the flip side, the rising raw material and increased operational cost is projected to challenge the blood meal for aquafeed market within the forecast period.
This blood meal for aquafeed 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 Blood meal for aquafeed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blood Meal for Aquafeed Market Scope and Market Size
The blood meal for aquafeed market is segmented on the basis of source and process. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the blood meal market is segmented into porcine blood, poultry blood, and ruminant blood.
- Based on the process, the blood meal market is segmented into solar drying, drum drying, ring and flash drying, and spray drying.
Blood Meal for Aquafeed Market Country Level Analysis
The blood meal for aquafeed market is analyses and market size, volume information is provided by source and process as referenced above.
The countries covered in the blood meal for aquafeed market report are U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the blood meal for aquafeed market owing to factors such as the increased demand of animal source food and advancements within the agricultural sector especially in emerging economies within the region in the forecast period of 2022 to 2029. North America on the other hand, is expected to show lucrative growth owing to the rising demand for meat, milk, and eggs among the growing population along with the increased awareness among the people regarding protein supplements.
The country section of the blood meal for aquafeed market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Aquafeed Market Share Analysis
The blood meal for aquafeed 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 aquafeed market.
Some of the major players operating in the blood meal for aquafeed market report are Terramar GmbH, WCRL, Valley Proteins, Inc., Ridley Corporation Limited, DuPont, Natural Remedies, DSM, Synthite Industries Ltd., Kemin Industries, Inc., Allanasons Pvt Ltd, The Boyer Valley Company, Inc., AB „Fasa“, Sanimax., Schneider Electric, Apelsa Guadalajara, The Fertrell Company, Agro-industrial Complex Backa Topola LTD.., and Darlingii among others.
- Sanimax launched new animal proteins in the market which included blood meal from ruminant and blood meal from non-ruminant.