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A Deep Dive into Blood Meal Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Which drivers are expected to have the greatest impact on the over the blood meal market's growth?The escalating consumption of animal meat is predicted to stimulate the expansion of the blood meal market in the future. Animal meat pertains to the edible fractions or the flesh of animals fit for human consumption like cattle, swine, sheep, fish, and birds. The blood meal serves as an offshoot from the animal slaughtering process and is utilized as a nutritional supplement for livestock such as cattle, fish, and poultry. This by-product is rich in protein and has minimal amounts of phosphorus and potassium, making it an effective animal feed additive. For instance, as per Carlisle Technology, a company offering hardware and software solutions for the food sector in the US, chicken consumption, currently at 98.90 pounds per person, is anticipated to rise to 107.50 pounds by 2033. This increase is due to its cost-effectiveness and health advantages. The consumption of broiler chicken in 2022 was 98.90 pounds per person in America, and this number is expected to witness a noteworthy hike by 2033. Moreover, the consumption of poultry meat worldwide is projected to grow to 154 metric tons during the forecast period, representing approximately half of the surge in meat consumption. Hence, the rising demand for animal meat is propelling the expansion of the blood meal market.
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What is the future CAGR of the blood meal market, and how will it impact industry expansion?
The size of the blood meal market has consistently expanded over the past few years. It is projected to increase from $2.06 billion in 2024 to $2.13 billion in 2025, registering a compound annual growth rate (CAGR) of 3.6%. The factors responsible for this progression during the historic period include the expansion of the animal feed industry, and meat and poultry production, efficient use of nutrients, waste management in slaughterhouses, and the production of organic fertilizers.
The market size of blood meal is expected to witness stable expansion in the coming years. It is projected to reach $2.48 billion by 2029, with a compound annual growth rate (CAGR) of 3.8%. The anticipated growth during the forecast period can be credited to the burgeoning aquaculture industry, spread of insect farming, worldwide population surge, biomedical research applications, and the market growth for organic products. The main tendencies during the forecast period encompass advancements in processing technology, research and development in animal nutrition, studies on biostimulants derived from blood meal, and organic and non-GMO movements, as well as the production of hydrolyzed blood meal.
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What are the most significant trends transforming the blood meal market today?
Leading companies in the blood meal market are innovating with new pilot spray dryers to stay competitive. These pilot dryers are smaller versions of the industrial spray dryers, and they convert liquid or slurry raw materials into powdered or granulated products. An example of this is when RELCO LLC, an American food processing equipment company, introduced the Parvus pilot spray dryer in April 2023. The dryer, which caters to several food uses, comes in two versions: the Parvus Nomad, for experimental batches and lesser production volumes, and the Parvus Multi-Stage, a wide-body design for larger-scale production. The pilot spray dryer is versatile, perfect for initial product testing and potential upscaling to blend with other pilot technologies for comprehensive planning. Like its full-scale counterparts, it offers moisture regulation and powder manipulation, but it's designed to cater to small-scale and trial needs. Setup and takedown of the system are straightforward, and its space-efficient size makes it easier to install and transport. This pilot spray dryer is ideal for upcoming trends in sectors like plant proteins, fermentation, and collagen.
Which key market segments comprise the blood meal market and drive its revenue growth?
The blood meal market covered in this report is segmented -
1) By Source: Porcine Blood, Poultry Blood, Ruminant Blood
2) By Process: Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying
3) By Application: Animal Feed, Agriculture, Other Applications
Subsegments:
1) By Porcine Blood: Dried Porcine Blood Meal, Liquid Porcine Blood
2) By Poultry Blood: Dried Poultry Blood Meal, Liquid Poultry Blood
3) By Ruminant Blood: Dried Ruminant Blood Meal, Liquid Ruminant Blood
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What regions are at the forefront of blood meal market expansion?
North America was the largest region in the blood meal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood meal market during the forecast period. The regions covered in the blood meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the blood meal market?
Major companies operating in the blood meal market include Boyer Valley Company LLC, Terramar Chile SpA, Darling Ingredients Inc., West Coast Reduction Ltd., Valley Proteins Inc., Sanimax APC Inc., The Fertrell Company, Ridley Corporation Limited, Allanasons Pvt. Ltd., FASA Group, Apelsa Guadalajara S.A. de C.V., Bar-Magen Ltd., Agro-industrial Complex Backa Topola Ltd., APC Company Inc., Frigorifico Allana Private Limited, Agridient Inc., Archer Daniels Midland Company, Ag Processing Inc., Cargill Incorporated, Coppens International B.V., Dinnissen Process Technology B.V., Duynie Group B.V., Fambrosa S.A.U., ForFarmers N.V., InVivo NSA, The J.M. Smucker Company, Land O'Lakes Inc., Nutreco Co. B.V., OJ Ingredients Ltd., Olmix Group
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What Is Covered In The Blood Meal Global Market Report?
• Market Size Forecast: Examine the blood meal market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the blood meal market for a structured understanding.
• Key Players Overview: Analyze major players in the blood meal market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blood meal market.
• Segment Contributions: Evaluate how different segments drive overall growth in the blood meal market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blood meal market.
• Industry Challenges: Identify potential risks and obstacles affecting the blood meal market.
• Competitive Landscape: Review strategic developments in the blood meal market, including expansions, agreements, and new product launches.
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