Global Blood Meal Market Insights Forecasts to 2033

• The Global Blood Meal Market Size was Valued at USD 2.13 Billion in 2023
• The Market Size is Growing at a CAGR of 3.24% from 2023 to 2033
• The Worldwide Blood Meal Market Size is Expected to Reach USD 2.93 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Blood Meal Market Size is Anticipated to Exceed USD 2.93 Billion by 2033, Growing at a CAGR of 3.24% from 2023 to 2033.

Market Overview

A blood meal is a powder made from dried animal blood that has been collected after the animals have been slaughtered. It contains many nutrients, such as nitrogen, phosphorus, and potassium. A blood meal is used as a soil nitrogen amendment in gardening in addition to the cattle industry. Nitrogen provides plants the energy they need to grow and yield fruits and vegetables, it is a vital component needed for plant growth. Thus, increasing the amount of nitrogen in the soil with blood meal will help to improve plant productivity. The smell of blood meal is also unpleasant to certain animals such as squirrels, deer, and moles, therefore it helps to discourage them from destroying the crop. Furthermore, blood meal guarantees that the soil can absorb nutrients in balanced amounts when added to the soil along with other compost materials including paper, straw, and dried leaves. Organic farmers aim to cultivate vegetables and fruits without the use of chemical-based pesticides and fertilizers, and they are looking for natural ways to boost soil nutritional content. A blood meal is an ideal natural fertilizer for organic farmers as it restores the soil's nitrogen levels. Furthermore, blood meal is less expensive as fertilizer than other organic fertilizers on the market.

Report Coverage

This research report categorizes the market for the global blood meal market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global blood meal market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global blood meal market.

Driving Factors

The growing awareness of the nutritional benefits of blood meals is a prominent market factor that is fueling the global blood meal market. The importance of nutrition in animal health and productivity is gradually becoming more widely recognized. Both cattle and pet owners are becoming increasingly aware of the significance of feeding animals a balanced, high-quality diet. Blood meal, a protein-rich and nutrient-dense feed ingredient, is gaining popularity for its capacity to suit the nutritional requirements of a variety of animals. The rise of the pet food sector is a significant market factor contributing to the global blood meal market. Worldwide pet ownership is increasing due to shifting demographics and lifestyles. As more people decide to keep pets, their emotional relationship with these animals grows. The humanization of pets has resulted in a greater emphasis on their well-being, including nourishment. Pet owners are increasingly concerned with providing the best diets for their animal companions.

Restraining Factors

Overapplication of blood meal to plants generates acidity in the soil, which burns the plants. As a result, these fertilizers must be applied in proportion to ensure that plants develop healthily and vigorously. In animals, over-ingestion of blood meal causes stomach problems. Since blood meal is available everywhere, its distribution and sale are regulated or completely prohibited in some nations due to the usage of animal blood and the related danger of disease. For example, in Thailand, poultry-derived animal feeds have been linked to an increased risk of avian flu.

Market Segmentation

The blood meal market share is classified into source and application.

• The poultry blood segment is expected to hold the largest share of the blood meal market during the forecast period.   

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 expected to hold the largest share of the blood meal market during the forecast period. Poultry blood is the most preferred blood meal source since it contains more protein, especially lysine, an essential amino acid required for animal growth and development. Poultry blood is easily obtained from slaughterhouses and requires less processing than other sources, such as swine or ruminant blood.

• The poultry feed segment is expected to dominate the blood meal market during the forecast period.

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 expected to dominate the blood meal market during the forecast period. Poultry feed formulas require a consistent and cost-effective supply of protein, and blood meal generated from poultry processing wastes meets these requirements well. Poultry blood is easily available in large amounts, coinciding with the scale of the poultry business and providing a constant and nutritionally valuable element for feed.

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)

North America is anticipated to dominate the blood meal market over the predicted timeframe.

North America is anticipated to dominate the global blood meal market over the predicted timeframe. The region's developing cattle and poultry sectors, together with rising demand for high-protein animal feed, are driving the greater use of blood meal. Furthermore, severe regulations promoting sustainable agricultural methods, as well as an emphasis on organic farming, are contributing to blood meal's growing appeal as an organic fertilizer. In North America, the effective use of byproducts from the meat processing industry, particularly in the United States and Canada, increases the availability and cost-effectiveness of blood meal. North America's commitment to sophisticated and sustainable farming practices, combined with a well-established agriculture sector, places it in a leading position in the blood meal market's growth, contributing significantly to the industry's progress.

Asia Pacific is expected to grow at the fastest pace in the blood meal market during the forecast period. The Asia Pacific area, which includes China, India, Australia, and Japan, has emerged as an important market for blood meals. This region offers a significant growth opportunity for industry players, owing to the rapid expansion of the livestock and meat processing industries, as well as the growing use of sustainable agriculture techniques. The Asia Pacific blood meal market is being driven by the region's growing population and the resulting increase in demand for meat products. As the meat business grows, so does the supply of blood meal as a byproduct. Furthermore, the region's focus on increasing agricultural output and raising knowledge of the benefits of organic fertilizers have spurred demand for blood meal as a nutrient-rich soil amendment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the blood meal market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

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

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In August 2023, NexGen Bioproducts introduced a new blood meal processing technique that decreases energy use while improving product quality.

• In May 2022, Darling Ingredients Inc. purchased FASA Group to broaden its geographical reach and introduce additional blood meal products.

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 Blood Meal Market, 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