Blood Meal Market - By Source (Poultry Blood, Porcine Blood, Ruminant Blood), By Application (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, Organic Fertilizer), By Process & Forecast, 2024 - 2032

Blood meal market size is expected to grow at over 3.6% CAGR from 2024 to 2032, driven by the increasing demand for organic and natural fertilizers in agriculture. Rising awareness among farmers about the benefits in improving soil health and enhancing crop yields is boosting the preference for blood meal. Lately, multiple manufacturers are investing in efficient processing techniques to extract high-quality blood meal from animal by-products for ensuring product purity and nutritional value.

There have also been strategic collaborations and partnerships between key players in the blood meal industry to enhance market competitiveness and distribution networks. To illustrate, in February 2024, Field Museum collaborated with Chicago chefs to create new dishes with blood. Moreover, the expanding applications of blood meal in non-agricultural sectors, such as pharmaceuticals, cosmetics, and pet food as well as growing adoption in animal feed formulation will contribute to the market expansion.

The blood meal industry is classified into source, application, process and region.

Based on source, the market size from the porcine blood segment is poised to witness 3.3% CAGR during 2024-2032, owing to the increasing demand for high-quality protein sources in animal feed formulations, particularly in the swine space. Stringent regulations on the disposal of animal by-products and the emphasis on sustainability in food production are encouraging the utilization of porcine blood as a valuable resource. Moreover, advancements in processing technologies have improved the efficiency of porcine blood meal production for ensuring product quality and safety.

In terms of process, the blood meal market from the solar drying segment will gain significant traction at 3.4% CAGR between 2024 and 2032, backed by the rising need for eco-friendly and cost-effective drying methods. This process enhances the nutritional profile of blood meal by preserving its natural nutrients and proteins. As sustainability becomes a key focus in food processing industries, the adoption of solar drying techniques for blood meal production is expected to increase, further driving the segment growth.

Europe blood meal industry size is anticipated to grow at 3.5% CAGR over 2024-2032, favored by robust livestock sector and the increasing adoption of organic farming practices. With a growing emphasis on sustainable agriculture and animal husbandry, European farmers are turning to blood meal as a natural and nutrient-rich fertilizer and protein supplement for livestock feed. Moreover, stringent regulations regarding the utilization of animal by-products in agriculture will further drive the regional market growth.