Blood Meal Market - By Source (Poultry Blood, Porcine Blood, Ruminant Blood), By Application (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, Organic Fertilizer), By Process & Forecast, 2024 – 2032

Blood Meal Market - By Source (Poultry Blood, Porcine Blood, Ruminant Blood), By Application (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, Organic Fertilizer), By Process & Forecast, 2024 – 2032

Blood Meal Market Size

Blood Meal Market was valued at around USD 1.2 billion in 2023 and is anticipated to register a CAGR of over 3.6% between 2024 and 2032. The increasing demand for protein-rich animal feed, particularly in the livestock and aquaculture sectors, propels the growth of the industry.

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As a valuable source of protein, essential amino acids, and nutrients, blood meal is sought after for its ability to enhance the nutritional content of animal feed formulations. Additionally, the rising awareness and adoption of organic farming practices contribute to the demand for blood meal as an organic fertilizer, promoting soil fertility and sustainable agriculture. Furthermore, the expanding pet food industry, with a focus on high-quality and nutritionally balanced pet diets, is also fueling the demand for blood meal as an ingredient in premium pet food formulations. These factors collectively underscore the multifaceted demand drivers supporting the growth of the blood meal industry across various industries. Thus, the market is expected to attain a market value of over USD 1.7 billion by 2032.
 

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The use of blood meal in various applications, especially in animal feed and fertilizers, may face regulatory scrutiny and cultural resistance. Concerns related to the safety of using animal-derived products, ethical considerations, and cultural preferences may pose challenges to market growth. Adherence to strict regulations and effective communication addressing consumer concerns becomes crucial in navigating potential pitfalls.

Blood Meal Market Trends

The blood meal industry is witnessing notable trends driven by diverse factors. Increasing utilization in animal feed formulations due to its high protein content is a prominent trend, responding to the growing demand for protein-rich diets in livestock and aquaculture. Moreover, the rise in organic farming practices has spurred the use of blood meal as an organic fertilizer, contributing to sustainable agriculture. The pet food industry's emphasis on premium and nutritious formulations further amplifies the demand for blood meal. Additionally, its application in natural pest deterrents underscores a shift towards environmentally friendly pest control methods, marking a trend towards holistic and sustainable agricultural practices.

Blood Meal Market Analysis

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Based on source, the market is divided into poultry blood, porcine blood, ruminant blood. Poultry blood held the dominant market share of USD 750 million in 2023. Poultry blood is the most popular source for blood meal due to its higher protein content, particularly lysine, an essential amino acid crucial for animal growth and development. Poultry blood is readily available from slaughterhouses and requires less processing compared to other sources like porcine or ruminant blood. Additionally, concerns about diseases like African Swine Fever in pigs can make porcine blood a less desirable option. While both poultry and ruminant blood are rich in protein, poultry blood's amino acid profile and ease of processing solidify its dominant position in the blood meal market.

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Based on application, the market is categorized into poultry feed, porcine feed, ruminant feed, aqua feed, natural pest deterrent, and organic fertilizer. Poultry feed accounted for 45% market share in 2023 and is projected to grow through 2032. Poultry feed formulations require a reliable and cost-effective source of protein, and blood meal, derived from poultry processing byproducts, fulfills these criteria efficiently. Poultry blood is readily available in substantial quantities, aligning with the scale of the poultry industry and providing a consistent and nutritionally valuable ingredient for feed. Its versatile amino acid profile and nutritional benefits make it a preferred choice to enhance the protein content of poultry feed, supporting the growth, health, and overall performance of poultry livestock. The economic and nutritional advantages associated with poultry blood in feed formulations contribute to its prominence and widespread use in the market for poultry farming applications.

Based on process, the market is categorized into solar drying, drum drying, spray drying, ring & flash drying. Spray drying accounted for major market share in 2023 and is projected to grow through 2032. The popularity of the spray drying process in the blood meal market can be attributed to its efficiency in producing a fine and easily handled powder with superior solubility and storage stability. Spray drying involves atomizing liquid blood into droplets, which rapidly dry in a hot air stream, resulting in a fine powder. This method ensures the preservation of the nutritional integrity of blood, particularly its protein content, making it a valuable ingredient in various applications such as animal feed, fertilizers, and more. The versatility and precision offered by spray drying, along with its ability to produce a high-quality, easily dispersible end product, make it a preferred choice for blood meal production in the market, catering to diverse industry needs efficiently.

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North America dominated the global market in 2023. It generated a revenue of USD 430 million in 2023. The region's expanding livestock and poultry industries, coupled with a growing demand for high-protein animal feed, drive the increased utilization of blood meal. Furthermore, stringent regulations promoting sustainable agricultural practices and the emphasis on organic farming contribute to the rising popularity of blood meal as an organic fertilizer. In North America, the efficient utilization of byproducts from the meat processing industry, particularly in the United States and Canada, enhances the availability and cost-effectiveness of blood meal. The region's commitment to advanced and sustainable farming practices, along with a well-established agricultural sector, positions North America at the forefront of the blood meal market's growth, making it a key contributor to the industry's expansion.

Blood Meal Market Share

Major players operating in the blood meal industry include

• Barentz
• Bio-Nutrition
• BVC Ingredients
• Darling Ingredients
• Dinnissen BV
• Gea Farm Technologies
• GNT Group
• Gowans
• Grenada Beef
• Hamlet Protein
• Moy Park
• NexGen Bioproducts
• PBFS
• Sanimax Group
• Schroeder Industries

The competitive landscape of the blood meal market features a diverse array of key players, each contributing unique strengths to the industry. Companies like Barentz, Bio-Nutrition, and BVC Ingredients play pivotal roles as suppliers and innovators in the blood meal sector. Barentz, with its global presence, brings a wealth of experience in the distribution of ingredients, including blood meal, catering to various industries. Bio-Nutrition, on the other hand, emphasizes the nutritional aspects of blood meal, contributing to advancements in animal nutrition and feed formulations. BVC Ingredients, a Netherlands-based company, likely leverages its expertise to provide specialized solutions and high-quality blood meal products for diverse applications.

Darling Ingredients stands out as a significant player with a focus on sustainable solutions. Operating on a global scale, Darling Ingredients is involved in repurposing food waste byproducts, including blood, into valuable resources like animal feed ingredients. Dinnissen BV, GEA Farm Technologies, and GNT Group contribute to the competitive landscape through their involvement in equipment manufacturing, technological advancements, and expertise in food and feed processing. Gowans, Grenada Beef, and other entities likely bring regional perspectives, with Grenada Beef potentially contributing to the Caribbean market. This diverse group of companies collectively shapes the competitive dynamics of the blood meal market, reflecting a spectrum of capabilities, geographical reach, and contributions to the industry's growth and development.

Blood Meal Industry News

• In October 2023, Hamlet Protein announces the launch of a new blood meal product specifically formulated for aqua feed, aiming to improve fish growth and sustainability.
• In August 2023, NexGen Bioproducts unveils a new blood meal processing technology that reduces energy consumption and improves product quality.

The blood meal market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments

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Market, By Source,

• Poultry blood
• Porcine blood
• Ruminant blood

Market, By Application,

• Poultry feed
• Porcine feed
• Ruminant feed
• Aqua feed
• Natural pest deterrent
• Organic fertilizer

Market, By Process,

• Solar drying
• Drum drying
• Spray Drying
• Ring & flash drying

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA