Meat And Bone Meal (MBM) Market Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Meat And Bone Meal (MBM) Market Size
The global Meat And Bone Meal (MBM) market is projected to grow from US$ 6287.7 million in 2024 to US$ 7684.5 million by 2030, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period.

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Market Trends in the Meat and Bone Meal (MBM) Industry:

1. Increasing Demand for Animal Feed:
o One of the primary drivers for the growth of the MBM market is the rising global demand for animal feed. Meat and bone meal, rich in protein, is a widely used ingredient in livestock feed, particularly for poultry, swine, and fish farming. As global meat consumption increases, the need for protein-rich feed is expanding, driving MBM demand.
2. Utilization of Food Industry Byproducts:
o As sustainability becomes a key concern, the meat and bone meal market benefits from the increasing emphasis on recycling food industry byproducts. MBM is an efficient way to repurpose waste from the meat processing industry, turning it into valuable animal feed and fertilizers, reducing waste in the food supply chain.
3. Growing Demand for Organic Fertilizers:
o Meat and bone meal is increasingly being used as an organic fertilizer in agriculture due to its high nutritional value, including phosphorous and calcium. With a growing focus on sustainable farming practices and organic agriculture, MBM's use as a natural, slow-release fertilizer is rising in popularity.
4. Regulatory Changes and Animal Byproducts Safety:
o As global regulations evolve, particularly with respect to the use of animal byproducts in feed and fertilizers, the market for MBM has seen improvements in safety standards. Regulations ensure that the production of MBM is carried out under strict sanitary conditions, which boosts confidence among consumers and farmers.
5. Technological Advancements in Meat Processing and Rendering:
o Innovations in the rendering process are improving the quality and efficiency of MBM production. Advanced technologies in meat processing are allowing for better extraction of nutrients and ensuring that the meal is free from contaminants, making MBM a safer, higher-quality product for animal feed and agricultural use.

Key Challenges in the Meat and Bone Meal (MBM) Market:

1. Fluctuations in Raw Material Availability and Prices:
o The availability of raw materials, particularly animal carcasses, for meat and bone meal production is subject to fluctuations based on livestock supply and demand. This can result in price volatility, impacting the overall cost structure of MBM production and making it more challenging for manufacturers to maintain stable prices.
2. Risk of Disease Transmission and Regulatory Restrictions:
o The use of animal byproducts in feed has been a concern in the past due to the potential risk of disease transmission, such as BSE (bovine spongiform encephalopathy). Strict regulations are in place to ensure safety, but outbreaks of disease can still have a significant impact on the market, especially in regions with high livestock populations.
3. Competition from Alternative Protein Sources:
o As the demand for sustainable protein sources rises, MBM faces competition from alternative ingredients such as plant-based proteins, insect meal, and algae-based feed. These alternatives are seen as more sustainable and, in some cases, more cost-effective than animal byproducts, which could impact the growth of the MBM market.
4. Environmental and Ethical Concerns:
o There are growing concerns about the environmental and ethical implications of using animal byproducts in agriculture. While MBM offers a way to recycle waste and reduce landfill impact, some groups argue that using animal parts for feed raises moral issues, which could affect market acceptance in certain regions.
5. Market Fragmentation and Lack of Standardization:
o The global MBM market is highly fragmented, with numerous small players across regions. The lack of standardization in production practices and quality control can lead to inconsistencies in the final product, making it difficult for consumers to trust certain suppliers, especially when it comes to safety and quality.

Segment by Type

• Cow and Sheep Ingredients
• Non Cow and Sheep Ingredients

Segment by Application

• Animal Feed
• Fuel
• Fertilizer
• Pet Food
• Others

By Company

Darling Ingredients, Sanimax, FASA Group, TerramarChile, MOPAC, CSF Proteins (Ridley), West Coast Reduction, The Midfield Group, Maxland Group, JG Pears, Indian Bone Meal Industries, Birmingham Hide & Tallow, Patense, Nutrivil

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This release was published on openPR.