Blood Meal Market to Hits US$ 2,451.6 million by 2027, Focusing on Global Industry Analysis- Say the Insight Partners

The Insight Partners has added the latest report on 'Blood Meal Market". The scope of our study on the "COVID 19 Impact and Global Blood Meal Market to 2027 - Analysis and Forecast by Source (Porcine Blood, Poultry Blood, and Ruminant Blood); Application (Porcine Feed, Poultry, Ruminant Feed, Aqua Feed, Others); Process (Solar Drying, Drum Drying, Ring and Flash Drying, and Spray Drying); and Geography" involves understanding the factors responsible for the growth of the market; it also includes estimating and forecasting the revenues as well as conducting the market share analysis, along with spotting significant market players and their key developments.

The blood meal market was valued at US$ 1,825.9 million in 2018 and is projected to reach ; it is expected to grow at a CAGR of 3.4% from 2019 to 2027.

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Blood Meal Market Company Profiles:
• Allanasons Pvt Ltd
• APC Company, Inc.,
• Apelsa Guadalajara, SA de CV
• DAR PRO Ingredients
• Ridley Corporation Limited
• Sanimax
• TerramarChile
• The Boyer Valley Company, Inc.
• Valley Proteins, Inc.
• FASA Group
• …

Blood meal is dried form of animal blood collected by slaughtering of several livestock species, such as cattle, pigs, and chickens. It is considered as rich source of proteins, and iron and nitrogen; moreover, it is used to supplement feed diets based on cereal grains, plants remains, and forages. In 2018, Asia Pacific accounted for the largest share of the global blood meal market. The growth of the blood meal market in this region is primarily attributed to the rising demand for animal proteins, along with the surge in feed production. The increase in focus on environment sustainability and use of natural ingredients in agricultural practices has further driven the demand for blood meal in the region. Further, the major meat-consuming countries such as China and Vietnam are driving the demand for cost-effective and healthy feed ingredients, such as blood meal.

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The blood meal market, by product type, has been segmented into porcine blood, poultry blood, and ruminant blood. The poultry blood application dominates the blood meal market, and its dominance is primarily attributed to the rising demand for poultry products in emerging economies of Asia Pacific and South America. Also, increase in the slaughtering of poultry animals provides ample opportunities for the blood meal manufacturers to expand their production activities. Poultry blood is considered to be the most preferred raw material in blood meal due to high amino acid content, particularly lysine. Manufacturers such as Boyer Valley, Valley Proteins Inc., and FASA Group offer blood meal products made up of poultry blood.

The global blood meal market, by geography, is segmented into five regions- North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America. Asia Pacific accounted for the largest share of the market in 2018, followed by North America and Europe.

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Effect of COVID-19 Upon Blood Meal Market
The recent COVID-19outbreak began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across all regions in the world. As of May 2020, the US, India, Brazil, Russia, Spain, the UK, and some other countries are among the worst-hit countries in terms of confirmed cases and reported deaths. The outbreak has been affecting economies in various countries due to lockdowns, travel bans, and business shutdowns called protective measures to stop the spread of COVID-19. The food processing industry is considered as one of the major industries in the world that are suffering serious factory shutdown, supply chain disruptions, technology events cancellations, and office shutdowns because of this outbreak. Even though some of the manufacturers are trying to recover their loss by implementing new strategies, it will take ample time to overcome the pandemic loss.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials

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