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Blood Meal Market Anticipated To Witness Robust Growth, Surpassing $2.48 Billion By 2029
Blood Meal
What Is the Current Blood Meal Market Size and Its Estimated Growth Rate?
The Blood Meal Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Blood Meal Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Blood Meal Market Landscape?
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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Which Growth Factors Are Influencing Blood Meal Market Expansion?
The anticipated increase in the consumption of animal meat is set to stimulate the expansion of the blood meal market. Animal meat, including edible parts from farm animals such as cattle, swine, sheep, fish, and birds, is primarily used for food. Blood meal, a derivative of animal slaughter, serves as a nourishing supplement for livestock including cattle, fish, and poultry. It is rich in protein and offers minimal levels of phosphorus and potassium, thus proving beneficial as an animal feed additive. For instance, Carlisle Technology, a US firm known for its food industry software and hardware solutions, stated in July 2024 that chicken consumption, standing at 98.90 pounds per individual, is predicted to surge to 107.50 pounds by 2033 due to its cost-effectiveness and health assets. In 2022, per capita consumption of broiler chicken in America was 98.90 pounds, a number that is anticipated to substantially rise by 2033. Additionally, it is expected that during the forecast period, global poultry meat consumption will reach 154 metric tons, accounting for about half of the total meat consumption increase. As a result, the escalating demand for animal meat is influencing the expansion of the blood meal market.
Who Are the Dominant Players Across Different Blood Meal Market Segments?
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
What Are the Latest Developing Trends in the Blood Meal Market?
Key players in the blood meal market are gaining a competitive advantage by introducing new pilot spray dryers. Essentially, pilot spray dryers are smaller counterparts of industrial spray dryers used in the creation of powdered or granulated materials from liquid or slurry components. Case in point, RELCO LLC, an American food processing equipment firm, introduced the Parvus pilot spray dryer in April 2023 for multiple food applications. Two models are available: the Parvus Nomad, a single-stage dryer for test batches and minor production volumes, and the Parvus Multi-Stage, with a larger body design for more substantial production volumes. The pilot spray dryer is versatile for preliminary testing and scalability, allowing it to be combined with other pilot technology for comprehensive planning. It offers moisture control and powder manipulation features akin to larger systems, but is specially catered for smaller-scale and trial purposes. The system is designed for efficient assembly and disassembly, and its small size makes it suitable for spaces with limited room and shipping considerations. Furthermore, the pilot spray dryer taps into emerging market opportunities such as plant protein, fermentation, and collagen.
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Which Geographic Regions Are Expected to Dominate the Blood Meal Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Blood Meal Market?
2. What is the CAGR expected in the Blood Meal Market?
3. What Are the Key Innovations Transforming the Blood Meal Industry?
4. Which Region Is Leading the Blood Meal Market?
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