Blood Meal Market Size, Share, Opportunities And Trends By Source (Poultry Blood, Porcine Blood, Ruminant Blood), By Application (Aqua Feed, Poultry Feed, Porcine Feed, Ruminant Feed) And Geography - Forecasts From 2019 To 2024

Description

A blood meal is a dry powder made from the blood which is a by-product of hogs or cattle. It is used as a high nutrition animal feed or high nitrogen organic fertilizer. Expanding feed industry and increasing demand for safe and nutritious feed for animals is expected to drive the blood meal market during the forecast period. In addition, due to the rising population, there is an increase in demand for animal-based products which further widens ups the growth opportunities for blood meal vendors and manufactures in the coming years. However, the high cost of raw materials and strict regulatory frameworks towards animal health safety is expected to hinder the growth of the blood meal market. The blood meal market is segmented into the source, application, and geography. On the source basis, the poultry blood segment is expected to account for the largest share due to its high nutrient content and wide adoption in the production of blood meal products. Geographically, Asia Pacific is projected to be a substantial shareholder in the market during the forecasted period due to the presence of the largest feed producer in countries like China and Vietnam.

DRIVERS

Increasing consumption of animal-based products.

Expanding feed production industry.

RESTRAINTS

Strict regulation framework by the government.

The major players profiled in the Blood Meal market are Boyer Valley, FASA Group, Darling Ingredients, TerraMar Ingredients LLC, West Coast Reduction Market, Ridley Corporation Limited, Apelsa Guadalajara, Allanasons Private, APC Ltd., Jobe’s Company and Bar-Magen Ltd.

Segmentation

The Blood Meal market has been analyzed through the following segments:

By Source

Poultry Blood

Porcine Blood

Ruminant Blood

By Application

Aqua Feed

Poultry Feed

Porcine Feed

Ruminant Feed

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Others

Asia Pacific

China

Japan

South Korea

India

Others