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
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