Future Perspective: Key Trends Shaping the Meat and Bone Meal (MBM) Market Until 2030

The meat and bone meal (MBM) market is set to experience consistent expansion over the coming years, driven by evolving industry demands and innovations. As sustainability becomes a key priority and new applications emerge, this sector is poised for steady advancement through 2030 and beyond. Below is a detailed look at the market's size, key players, emerging trends, and segment forecasts.

Projected Growth and Market Size of the Meat and Bone Meal Market
The MBM market is anticipated to grow steadily, reaching a value of $7.55 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.1% during the forecast period. Several factors contribute to this positive outlook, including a rising need for sustainable feed ingredients, a stronger emphasis on circular economy practices, and an increase in aquaculture feed applications. Additionally, heightened biosecurity standards and ongoing advancements in feed formulation are supporting market expansion. Key trends include greater use of MBM in animal feed, increasing demand for protein-rich feed components, a focus on maximizing byproduct value, growth in rendering industry capabilities, and enhanced processing and safety protocols.

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Key Factors Boosting Growth in the Meat and Bone Meal Market
The demand for sustainable and high-protein feed ingredients is a major factor propelling the MBM market forward. As animal nutrition standards evolve, producers are actively seeking efficient and eco-friendly alternatives to traditional feed sources, which MBM effectively addresses. This shift aligns with broader environmental goals and industry efforts to reduce waste through byproduct valorization.

Another driver is the growing application of MBM in aquaculture and other specialized feed sectors. With aquaculture expanding rapidly worldwide, the need for optimized feed formulations that support healthy growth and biosecurity is pushing innovation in MBM products. These developments are enhancing the market's appeal and widening its scope across various animal husbandry practices.

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Leading Companies Shaping the Meat and Bone Meal Industry
The MBM market features several prominent players, including Scoular Company, Darling Ingredients Inc., SARIA Group, Sanimax, Baker Commodities Inc., Ridley Corporation Limited, De Heus Animal Nutrition B.V., Kent Nutrition Group, Purina Animal Nutrition LLC, ForFarmers N.V., Akiolis Group, Ten Kate Holding B.V., JG Pears Group Ltd., Seeds and Cereals Ltd., Maxland Group, Euroduna Rohstoffe GmbH, Nugen Feeds Pvt. Ltd., Befriend Agro Product Pvt. Ltd., Farol S.A., and Anandi Enterprises Pvt. Ltd.

A notable development occurred in January 2024 when Greater Omaha Packing Inc., a US-based beef supplier, acquired Heartland Proteins, a US meat and bone meal producer for animal feed, for an undisclosed sum. This acquisition highlights strategic moves to innovate and strengthen market presence amid shifting demands in the bovine product sphere.

Emerging Trends Transforming the Meat and Bone Meal Industry
Innovation remains a significant focus for major players in the MBM market, with particular interest in cultivated meat products. Cultivated meat, also known as cultured or cell-based meat, is created by growing animal cells in a controlled environment instead of traditional animal rearing and slaughtering practices.

For instance, in March 2024, Meatly, a UK-based pet food manufacturer, introduced cultivated chicken pet food. Meatly's product is developed through a unique three-step process that begins with a small cell sample taken from a chicken egg. These cells are then nourished with essential vitamins, minerals, and amino acids within a carefully regulated environment that controls temperature and acidity. This trend toward cultured meat products represents a promising frontier in feed innovation, offering convenience and extended shelf life.

Segment Overview and Market Distribution in the Global Meat and Bone Meal Market
The MBM market is segmented by source, product type, and application to provide a detailed analysis of market dynamics:

1) By Source:
- Cow and Sheep Ingredients
- Non Cow and Sheep Ingredients

2) By Product:
- 60% Protein
- 65% Protein
- Other Products

3) By Application:
- Animal Feed
- Fuel
- Fertilizer
- Pet Food
- Other Applications

Further subsegments include:

- Cow and Sheep Ingredients: Beef-Based Meat and Bone Meal, Sheep-Based Meat and Bone Meal, Mixed Cow and Sheep Meat and Bone Meal, Cow and Sheep Offal-Based Meal
- Non Cow and Sheep Ingredients: Poultry-Based Meat and Bone Meal, Pork-Based Meat and Bone Meal, Fish-Based Meat and Bone Meal, Other Animal-Based Meat and Bone Meal, Mixed Animal-Based Meat and Bone Meal

These classifications help track market trends and opportunities across diverse sources and uses, ensuring a comprehensive understanding of the MBM landscape.

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This release was published on openPR.