Emerging Trends to Drive Blood Meal Market Growth at 3.8% CAGR Through 2029

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Blood Meal Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size of the blood meal has consistently been on the rise. It is projected to increase from $2.06 billion in 2024 to $2.13 billion in 2025, having a compound annual growth rate (CAGR) of 3.6%. Various reasons can be attributed to this growth during the historic period, including the expansion of the animal feed industry, increased production of meat and poultry, the effectiveness of its nutrient source, the utilization of waste in abattoirs, and its use in the production of organic fertilizers.

How Will the Blood Meal Market Size Evolve and Grow by 2029?
The market size for blood meal is predicted to undergo stable expansion in the forthcoming years, potentially reaching "$2.48 billion by 2029 with a compound annual growth rate (CAGR) of 3.8%. The predicted increase during this forecast period can be linked to the rise in the aquaculture sector, proliferation of insect farming, growing global population, use in biomedical investigations and the thriving market for organic goods. The key trends anticipated for this forecast period encompass progress in processing technology, advances in animal nutrition studies, exploration in blood meal-derived biostimulants, growth in organic and non-GMO practices, as well as the development of hydrolyzed blood meal.

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What Drivers Are Propelling the Growth of Blood Meal Market Forward?
The escalating need for meat from animals is projected to catalyze the expansion of the blood meal industry. The term 'animal meat' corresponds to the edible components, including the flesh, of fit for consumption domesticated creatures like bovines, pigs, sheep, fish, and birds. A blood meal - a slaughterhouse by-product, is employed as a dietary enhancer for livestock such as cattle, fish, and poultry due to its abundant protein content and minimal levels of phosphorus and potassium, making it an apt feed supplement for animals. For example, data from Carlisle Technology, a US-based firm offering solutions for the food sector in hardware and software, predicts an increase in chicken consumption from the present consumption standing at 98.90 pounds per person, to 107.50 pounds by 2033, stimulated by its cost-effectiveness and health considerations. The consumption of broiler chicken per individual in 2022 was noted at 98.90 pounds in the US, with a significant expected increase by 2033. Moreover, poultry meat consumption worldwide is predicted to reach 154 metric tons during the forecast period, constituting approximately half of the growth in meat consumption. Thus, the surging requirement for meat from animals is endorsing the expansion of the blood meal industry.

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Which Emerging Trends Are Transforming the Blood Meal Market in 2025?
Leading businesses in the blood meal market are gaining an advantage by creating innovative pilot spray dryers. These appliances are miniature versions of industrial spray dryers that turn liquid or slurry feeds into powdered or granulated materials. An example is RELCO LLC, a U.S.-based food processing equipment company, that introduced the Parvus pilot spray dryer targeted at a variety of food applications in April 2023. Available in two versions - the Parvus Nomad which is a single-stage dryer designed for sample batches and smaller output volumes, and the Parvus Multi-Stage which has a wider body for larger production volumes. The pilot spray dryer is versatile enough for preliminary testing and can be integrated with other pilot technologies for comprehensive full-scale planning. Offering moisture management and powder modulation capabilities akin to larger systems, the dryer, however, is designed to cater to smaller scale operations and test requirements. Designed for simple assembly and disassembly, the compact pilot spray dryer also overcomes space and shipping limitations. This technology caters to new opportunities arising in markets like plant protein, fermentation, and collagen.

What Are the Key Segments in the Blood Meal Market?
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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Who Are the Key Players Shaping the Blood Meal Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Blood Meal Market?
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

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