Global Blood Meal Market is Projected To Grow At An 3.24% CAGR From 2023 to 2033 | Top Key Players: Valley Proteins, Inc, Allana Group, Boyer Valley, FASA Group, Sanimax, BVC Ingredients

According to a research report published by Spherical Insights & Consulting, the Global Blood Meal Market Size is to Grow from USD 2.13 Billion in 2023 to USD 2.93 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.24% during the projected period.

The Blood Meal global market research studies offer an in-depth analysis of current industry trends, development models, and methodology. Production processes, development platforms, and the actual product models are some of the variables that have a direct impact on the market. The aforementioned characteristics can drastically vary in response to even minor changes in the product profile. The study provides a thorough explanation of each of these elements of Agriculture.

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Market Overview
Dried animal blood that has been recovered after the animals have been slaughtered is used to make blood meals. Numerous nutrients, including potassium, phosphorus, and nitrogen, are present in it. In addition to the cattle sector, blood meal is also utilized as a soil nitrogen amendment in gardening. Nitrogen is an essential component for plant growth that gives plants the energy they need to develop and produce fruits and vegetables.

The global market is Blood Meal Market robust growth due to:

Rising Demand for Animal-Based Protein Sources in Animal Feed: Blood meal is a rich source of protein (up to 90%) and essential amino acids, making it a valuable ingredient in livestock and aquaculture feed.

Expansion of the Aquaculture Industry: Aquaculture is one of the fastest-growing food production sectors globally.

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Poultry Blood Segment to Lead the Global Blood Meal Market by Source
In terms of source, the poultry blood segment is projected to command the largest share of the global blood meal market throughout the forecast period. This dominance is attributed to the abundant and consistent availability of poultry blood from processing plants, making it a cost-effective and easily accessible raw material for blood meal production. Unlike porcine or ruminant blood, poultry blood requires less intensive processing and is easier to collect in large volumes, contributing to its widespread adoption. Additionally, the global rise in poultry slaughter rates, driven by escalating demand for chicken meat and eggs, is reinforcing the supply chain for poultry-derived blood meal.

Poultry Feed Application to Dominate Blood Meal Market Demand
By application, the poultry feed segment is expected to hold the dominant position in the blood meal market during the forecast period. The rising demand for high-efficiency and affordable protein supplements in poultry diets has positioned blood meal as an ideal ingredient in feed formulations. Its high protein content, rich amino acid profile, and digestibility enhance growth rates and feed conversion efficiency in poultry farming. Furthermore, the growing emphasis on optimizing feed costs and improving poultry health and productivity is driving feed manufacturers to increasingly incorporate blood meal-particularly from poultry-into their formulations. This trend is especially pronounced in emerging economies with rapidly expanding poultry industries.

List of Key Companies
• Darling Ingredients Inc.
• Terramar
• West Coast Reduction Ltd
• Valley Proteins, Inc
• Allana Group
• Boyer Valley
• FASA Group
• Sanimax
• BVC Ingredients
• NexGen Bioproducts
• Moy Park
• GNT Group
• Bio-Nutrition
• Gea Farm Technologies
• Others

Market Challenges

Stringent Regulatory Frameworks
The blood meal industry is heavily regulated due to its origin from animal by-products, especially in North America and Europe. Strict sanitary and phytosanitary measures, traceability requirements, and import/export regulations can hinder cross-border trade and slow down market expansion.

Risk of Disease Transmission
Concerns about disease outbreaks such as Bovine Spongiform Encephalopathy (BSE) or avian flu can impact the sourcing and processing of blood meal. This creates apprehension among end-users and regulators, thereby affecting supply consistency and market confidence.

Ethical and Cultural Constraints
In certain regions, particularly in countries with religious or cultural sensitivities, the use of animal-derived feed ingredients is either discouraged or outright banned. This limits market penetration in specific geographic areas, especially in the Middle East and parts of Asia.

Volatility in Raw Material Supply
The availability of raw materials (animal blood) is directly tied to slaughter rates and meat production cycles. Any disruption in the meat processing industry-due to disease outbreaks, economic downturns, or logistical issues-can lead to inconsistent blood meal production.

Competition from Plant-Based Protein Alternatives
The rise in demand for plant-based feed ingredients, such as soybean meal and insect protein, is intensifying competition. These alternatives are often preferred due to fewer regulatory barriers, better public perception, and a more sustainable production footprint.

Research Objectives

To Analyze Market Dynamics and Growth Drivers: Investigate the key factors propelling the growth of the global blood meal market, including increasing demand for high-protein animal feed, the rise of sustainable agriculture, and expansion in aquaculture and poultry industries.

To Segment the Market Based on Source, Application, and Region: Provide detailed segmentation of the market by source (poultry blood, porcine blood, ruminant blood), application (poultry feed, porcine feed, ruminant feed, aquafeed, fertilizers), and geography, offering a granular view of current and forecasted trends.
Recent Development
In August 2023, NexGen Bioproducts introduced a new blood meal processing technique that decreases energy use while improving product quality.

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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Blood Meal Market based on the below-mentioned segments:

Global Blood Meal Market, By Source
• Porcine Blood
• Poultry Blood
• Ruminant Blood

Global Blood Meal Market, By Application
• Poultry Feed
• Porcine Feed
• Ruminant Feed
• Aquafeed

Regional Segment Analysis of the Blood Meal Market
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the Rest of South America)
The Middle East and Africa (UAE, South Africa, Rest of MEA)

What's covered in the report?
1. Overview of the Blood Meal Market.
2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Blood Meal Market, based on segment.
3. Blood Meal Market trends.
4. Blood Meal Market drivers.
5. Analysis of major company profiles.

FIVE FORCES ANALYSIS

1. Threat of New Entrants - Moderate
Barriers to entry in the blood meal market include regulatory approvals, strict sanitary processing standards, and the need for specialized equipment for rendering and drying.

2. Bargaining Power of Suppliers - Low to Moderate
Suppliers in this market are primarily slaughterhouses and meat processing plants that provide raw blood as a by-product.

3. Bargaining Power of Buyers - High
Major buyers include animal feed manufacturers, fertilizer producers, and aquafeed companies, who purchase in bulk and can switch to alternatives like soybean meal or fish meal.

4. Threat of Substitutes - High
The threat from substitutes is significant due to the increasing availability and acceptance of plant-based protein meals, insect-based protein, and synthetic amino acid blends.

5. Industry Rivalry - Moderate to High
The market includes both global players and regional manufacturers, leading to a fragmented landscape.

PESTLE ANALYSIS

Political Factors: Animal by-product regulations and trade restrictions vary significantly across countries, impacting global supply chains. For instance, the European Union and the United States enforce strict controls on the use of blood meal in feed, especially due to past concerns related to BSE (mad cow disease).

Economic Factors: The economic growth of emerging markets, particularly in Asia and Latin America, is fueling meat production and consequently increasing the availability of blood meal as a by-product.

Social Factors: Rising global demand for high-protein diets and meat consumption is indirectly supporting the blood meal market through increased slaughterhouse output.

Technological Factors: Advances in drying and sterilization technologies have improved the safety, shelf life, and nutritional value of blood meal, making it more competitive in animal feed and fertilizer applications.
Legal Factors: The blood meal industry is governed by strict legal standards related to the handling of animal by-products, particularly for feed and fertilizer use. Compliance with FDA, EFSA, and local food safety authorities is crucial.

Environmental Factors: Blood meal is increasingly valued for its role in sustainable agriculture, serving as an organic fertilizer that helps reduce reliance on synthetic chemicals.

Table of Content (TOC)
• Introduction
1. Objectives of the Study
2. Market Definition
3. Research Scope
• Research Methodology and Assumptions
• Executive Summary
• Premium Insights
1. Porter's Five Forces Analysis
2. Value Chain Analysis
3. Top Investment Pockets
1. Market Attractiveness Analysis By Product Type
2. Market Attractiveness Analysis By Type
3. Market Attractiveness Analysis By Segment Type
4. Market Attractiveness Analysis By Region
4. Industry Trends
• Market Dynamics
1. Market Evaluation
2. Drivers
1. Increasing development in sector
3. Restraints
4. Opportunities
5. Challenges
• Global Blood Meal Market Analysis and Projection, By Product Type
• Global Blood Meal Market Analysis and Projection, By Type
• Global Blood Meal Market Analysis and Projection, By Segment Type
• Global Blood Meal Market Analysis and Projection, By Regional Analysis
1. Segment Overview
2. North America
1. U.S.
2. Canada
3. Mexico
3. Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
4. Asia-Pacific
1. Japan
2. China
3. India
5. South America
1. Brazil
6. Middle East and Africa
1. UAE
2. South Africa
• Global Blood Meal Market-Competitive Landscape
1. Overview
2. Market Share of Key Players in the Global Blood Meal Market
1. Global Company Market Share
2. North America Company Market Share
3. Europe Company Market Share
4. APAC Company Market Share
3. Competitive Situations and Trends
1. Coverage Launches and Developments
2. Partnerships, Collaborations, and Agreements
3. Mergers & Acquisitions
4. Expansions
• Company Profiles
1. Company1
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
2. Company2
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis
3. Company3
1. Business Overview
2. Company Snapshot
3. Company Market Share Analysis
4. Company Coverage Portfolio
5. Recent Developments
6. SWOT Analysis

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