Blood Meal Global Market Report 2024

Description

“Blood Meal Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on blood meal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for blood meal? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The blood meal market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Source: Porcine Blood; Poultry Blood; Ruminant Blood
2) By Process: Solar Drying; Drum Drying; Ring and Flash Drying; Spray Drying
3) By Application: Animal Feed; Agriculture; Other Applications
Companies Mentioned: Boyer Valley Company LLC; Terramar Chile SpA; Darling Ingredients Inc.; West Coast Reduction Ltd.; Valley Proteins Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Blood meal, derived from the ground and dried blood of animals, serves as a valuable non-synthetic source of nitrogen. It finds dual-purpose usage as a nitrogenous fertilizer for agricultural needs and as a high-protein feed for livestock.

The primary sources of blood meal include porcine (from pigs), poultry, and ruminant (from cattle, sheep, etc.) blood. Porcine blood, originating from pigs, undergoes various manufacturing processes such as solar drying, drum drying, ring and flash drying, and spray drying. These processes render the blood into a form suitable for applications in animal feed, agricultural purposes, and other related uses.

The blood meal market research report is one of a series of new reports from The Business Research Company that provides blood meal market statistics, including blood meal industry global market size, regional shares, competitors with a blood meal market share, detailed blood meal market segments, market trends and opportunities, and any further data you may need to thrive in the blood meal industry. This blood meal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The blood meal market size has grown steadily in recent years. It will grow from $1.98 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The expansion observed during the historic period can be attributed to several key factors, including the growth of the animal feed industry, the expansion of meat and poultry production, the recognition of blood meal as an effective nutrient source, the utilization of waste in abattoirs for resourcefulness, and the increased production of organic fertilizers. These elements collectively contributed to the growth and utilization of blood meal across various industries and applications.

The blood meal market size is expected to see steady growth in the next few years. It will grow to $2.37 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The projected growth in the forecasted period is expected to be driven by several significant factors, notably the expanding aquaculture industry, the growth of insect farming, the global increase in population, the application of blood meal in biomedical research, and the expanding market for organic products.

The escalating demand for animal meat is poised to propel the blood meal market's growth. Animal meat encompasses edible parts of domesticated animals, forming a vital food source. Blood meal, a by-product of slaughter, serves as a high-protein dietary supplement for livestock such as cattle, fish, and poultry. Forecasts from the OECD-FAO Agricultural Outlook 2022-2031 predict a rise in global edible fish consumption to 21.4 kilograms per capita by 2031, up from an average of 20.5 kilograms in the baseline period (2019-2021). Additionally, global poultry meat consumption is anticipated to reach 154 metric tons, constituting about half of the increased meat consumption. Thus, the surge in animal meat demand is steering the blood meal market's growth.

The burgeoning livestock population is set to drive the blood meal market forward. Livestock, including cattle, sheep, pigs, chickens, and more, are reared for various purposes such as food production and other resources. Blood meal, known for its high protein and nutrient content, becomes a valuable component in balanced animal feeds. Its efficient utilization in feed formulations supports the health, growth, and productivity of livestock and aquaculture species. According to the Brazilian Institute of Geography and Statistics, the hog and pig population grew by 3.2% in 2021, reaching a total of 42.25 million animals. Hence, the rise in livestock population is a significant driver of the blood meal market.

The increasing demand for food and beverages is expected to fuel the blood meal market's growth. Food and beverages encompass any consumable product for human consumption. Blood meal serves as a nutritional supplement for livestock, contributing dietary lysine to cattle, fish, and poultry. Reports from Statistics Canada, Farm Credit Canada (FCC), and the Food and Drink Federation indicate a consistent increase in food and beverage sales. For instance, in 2020, food and beverage manufacturing sales in Canada increased by 3.5% YoY to $122.9 billion, while the processed food and drink industry in the UK witnessed a growth from £105 billion in 2020 to £112 billion in 2021, accounting for 20% of the total UK manufacturing. Thus, the rising demand for food and beverages drives the blood meal market's growth.

Leading entities in the blood meal market are innovating with new pilot spray dryers to gain a competitive edge. These dryers, scaled-down versions of industrial counterparts, convert liquid or slurry feedstocks into powdered or granulated materials. For example, RELCO LLC launched the Parvus pilot spray dryer in April 2023, catering to various food applications. The system, available in two models, Nomad and Multi-Stage, accommodates trial batches and larger production volumes. It offers flexibility for testing and scalability, aligning with market demands in areas such as plant protein, fermentation, and collagen. The pilot spray dryer ensures moisture control and powder manipulation similar to full-scale systems but tailored for small-scale and trial requirements, addressing emerging market opportunities.

In May 2022, Darling Ingredients, a prominent agri-food producer based in the US, completed the acquisition of Fasa Group for an undisclosed sum. This strategic move facilitated Darling Ingredients in broadening its geographical reach and introducing new product lines in the blood meal market. Additionally, the acquisition provided an advantageous platform for expanding its specialty ingredients business. Fasa Group, headquartered in Brazil, specializes in the production of poultry blood meal and other sustainable ingredients catering to the animal feed sector, aligning with the growing demands associated with population growth and sustainable agricultural practices.

Major companies operating in the blood meal market report are Boyer Valley Company LLC, Terramar Chile SpA, Darling Ingredients Inc., West Coast Reduction Ltd., Valley Proteins Inc., Sanimax APC Inc., The Fertrell Company, Ridley Corporation Limited, Allanasons Pvt. Ltd., FASA Group, The Boyer Valley Company, Apelsa Guadalajara S.A. de C.V., Bar-Magen Ltd., Agro-industrial Complex Backa Topola Ltd., APC Company Inc., Frigorifico Allana Private Limited, Agridient Inc., Archer Daniels Midland Company, Ag Processing Inc., Cargill Incorporated, Coppens International B.V., Dinnissen Process Technology B.V., Duynie Group B.V., Fambrosa S.A.U., ForFarmers N.V., InVivo NSA, The J.M. Smucker Company, Land O'Lakes Inc., Nutreco Co. B.V., OJ Ingredients Ltd., Olmix Group

North America was the largest region in the blood meal market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global blood meal market during the forecast period. The regions covered in the blood meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the blood meal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The blood meal market consists of sales of ruminant feed, poultry feed, and porcine feed. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11568

1. Executive Summary

2. Blood Meal Market Characteristics

3. Blood Meal Market Trends And Strategies

4. Blood Meal Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Blood Meal Market Size and Growth

5.1. Global Blood Meal Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Blood Meal Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Blood Meal Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Blood Meal Market Segmentation

6.1. Global Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Porcine Blood
Poultry Blood
Ruminant Blood
6.2. Global Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Solar Drying
Drum Drying
Ring and Flash Drying
Spray Drying
6.3. Global Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Animal Feed
Agriculture
Other Applications

7. Blood Meal Market Regional And Country Analysis

7.1. Global Blood Meal Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Blood Meal Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Blood Meal Market

8.1. Asia-Pacific Blood Meal Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Blood Meal Market

9.1. China Blood Meal Market Overview
9.2. China Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Blood Meal Market

10.1. India Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Blood Meal Market

11.1. Japan Blood Meal Market Overview
11.2. Japan Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Blood Meal Market

12.1. Australia Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Blood Meal Market

13.1. Indonesia Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Blood Meal Market

14.1. South Korea Blood Meal Market Overview
14.2. South Korea Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Blood Meal Market

15.1. Western Europe Blood Meal Market Overview
15.2. Western Europe Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Blood Meal Market

16.1. UK Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Blood Meal Market

17.1. Germany Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Blood Meal Market

18.1. France Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Blood Meal Market

19.1. Italy Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Blood Meal Market

20.1. Spain Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Blood Meal Market

21.1. Eastern Europe Blood Meal Market Overview
21.2. Eastern Europe Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Blood Meal Market

22.1. Russia Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Blood Meal Market

23.1. North America Blood Meal Market Overview
23.2. North America Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Blood Meal Market

24.1. USA Blood Meal Market Overview
24.2. USA Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Blood Meal Market

25.1. Canada Blood Meal Market Overview
25.2. Canada Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Blood Meal Market

26.1. South America Blood Meal Market Overview
26.2. South America Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Blood Meal Market

27.1. Brazil Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Blood Meal Market

28.1. Middle East Blood Meal Market Overview
28.2. Middle East Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Blood Meal Market

29.1. Africa Blood Meal Market Overview
29.2. Africa Blood Meal Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Blood Meal Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Blood Meal Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Blood Meal Market Competitive Landscape And Company Profiles

30.1. Blood Meal Market Competitive Landscape
30.2. Blood Meal Market Company Profiles
- 30.2.1. Boyer Valley Company LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Terramar Chile SpA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Darling Ingredients Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. West Coast Reduction Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Valley Proteins Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Blood Meal Market Competitive Benchmarking

32. Global Blood Meal Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Blood Meal Market

34. Blood Meal Market Future Outlook and Potential Analysis

34.1 Blood Meal Market In 2028 - Countries Offering Most New Opportunities
34.2 Blood Meal Market In 2028 - Segments Offering Most New Opportunities
34.3 Blood Meal Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer