Global Blood Meal Market Size To Worth USD 2.93 Billion By 2033 | CAGR of 3.24%
Category: AgricultureGlobal Blood Meal Market Size To Worth USD 2.93 Billion By 2033
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.
Get more details on this report -
Browse key industry insights spread across 199 pages with 110 Market data tables and figures & charts from the report on the "Global Blood Meal Market Size, Share, and COVID-19 Impact Analysis, By Source (Porcine Blood, Poultry Blood, and Ruminant Blood), By Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/blood-meal-market
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. Thus, adding blood meal to the soil will help to increase its nitrogen content, which will enhance plant productivity. One major element driving the global blood meal market is the increasing awareness of the nutritional benefits of blood meals. There is growing recognition of the role that nutrition plays in maintaining the health and production of animals. Pet owners and cattle both are realizing how important it is to offer animals a healthy, well-balanced diet. A blood meal is becoming more and more well-liked as a feed element since it may meet the nutritional needs of a wide range of animals. It is high in protein and nutrients. One important market element driving the global blood meal market is the growth of the pet food industry.
The poultry blood segment is anticipated to hold the largest share of the global blood meal market during the projected timeframe.
Based on the source, the blood meal market is divided into porcine blood, poultry blood, and ruminant blood. Among these, the poultry blood segment is anticipated to hold the largest share of the global blood meal market during the projected timeframe. Blood from poultry can be readily acquired from slaughterhouses and does not need to be processed as much as blood from swine or ruminants.
The poultry feed segment is anticipated to dominate the blood meal market during the projected timeframe.
Based on the application, the blood meal market is divided into poultry feed, porcine feed, ruminant feed, and aquafeed. Among these, the poultry feed segment is anticipated to dominate the global blood meal market during the projected timeframe. A reliable and affordable source of protein is needed for chicken feed formulae, and blood meal made from poultry processing wastes perfectly satisfies this need.
North America is expected to dominate the global blood meal market over the forecast period.
Get more details on this report -
North America is expected to dominate the blood meal market over the forecast period. The increased use of blood meal is being driven by the region's expanding cattle and poultry industries as well as the growing need for high-protein animal feed. A blood meal is becoming more and more popular as an organic fertilizer due to strict laws supporting sustainable farming practices and a focus on organic farming. The efficient utilization of meat processing industry byproducts, especially in the US and Canada, has increased the availability and affordability of blood meal in North America. North America holds a prominent position in the expansion of the blood meal market, owing to its advanced and sustainable agricultural techniques and well-established agriculture sector. These factors have played a major role in the industry's advancement.
Asia Pacific is predicted to grow at the fastest pace in the Blood meal during the projected timeframe. The Asia-Pacific region, comprising Japan, Australia, China, and India, has become a significant blood meal market. Due to the area's increased adoption of sustainable agricultural practices, the livestock and meat processing industries are expanding quickly, and this presents a substantial growth opportunity for industry players. The rising demand for meat products in the Asia Pacific area due to population growth is driving the market for blood meal. Blood meal is a byproduct that is produced in greater quantities as the meat industry expands. Furthermore, the demand for blood meal as a nutrient-rich soil amendment has increased due to the region's focus on boosting agricultural output and growing awareness of the advantages of organic fertilizers.
Major vendors in the Blood meal include 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, and Gea Farm Technologies and Others.
Recent Developments
- In August 2023, an innovative blood meal processing method was unveiled by NexGen Bioproducts that uses less energy and produces higher-quality results.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
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
Global Precision Swine Farming, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?