Global Blood Meal Market Research Report: Information by Source (Poultry Blood, Porcine Blood and Ruminant Blood), Process (Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying), Application (Animal Feed and Fertilizers) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030

 Blood Meal Market Scenario

Blood Meal Market is expected to cross USD 2.53 Billion by 2030 at a CAGR of 3.50% during the forecast period of 2020-2030. It is a perfect competition market due to the presence of numerous active buyers and sellers. The market is governed by several regional and local players recognized through their prominent brands. For instance, DAR PRO Ingredients is a subsidiary of Darling Ingredients Inc. and provides blood meal in the US. Market players are focusing on product development by investing in R&D and establishing strategic partnerships with distributors to strengthen and expand their distribution networks.

Market Synopsis

The Global Blood Meal Market is growing at a moderate pace. Blood meal is a valuable protein source and is, therefore, used in animal feed. It is a dry, inert powder made from the blood collected during the slaughter of livestock. Of all the animal waste from slaughterhouses, blood is the highest pollutant. However, the protein content in blood is around 18%; therefore, to avail of the valuable protein content and lower the pollution from animal slaughter, efforts have been made to ensure the proper utilization of animal blood on a large scale.

The amino acid profile of the protein in blood meal is similar to the ideal protein ratio as the lysine content is very high as compared to other food proteins such as bone meal and meat meal. Thus, blood meal is used as an alternative protein source in various animal diets for dairy cattle, beef cattle, sheep, pigs, poultry, and other species where protein is an important factor. The efficient utilization of such by-products has a direct impact on the economy and environmental pollution. These factors are expected to boost the demand for blood meal in the animal feed industry.

Blood meal can also be used as a high-nitrogen organic fertilizer as it contains highs amounts of nitrogen, phosphorus, and potassium, thus spurring demand by fertilizer manufacturers.

Market USP

Prevention of digestive health conditions in livestock with few side effects.

Market Drivers

• Increased use in animal feed: Blood meal is a dry powder made from animal blood and is a natural source of protein, leading to its use in animal feed for porcine, poultry, and fish.

• Rising demand for organic fertilizers

• Growing demand for meat products in developing countries

Market Restraints

• Stringent Regulatory Framework: There are stringent regulations prohibiting the use of animal proteins in ruminant feed. For instance, according to the Code of Federal Regulations Title 21 of the US Food and Drug Administration, any substance that is derived from mammalian tissues that is used or intended for use in ruminant feed should follow the food additive regulation stated under section 409 of the Federal Food, Drug, and Cosmetic Act.

Segmentation

By Source

• Poultry Blood: In 2021, the segment accounted for the largest blood meal market share and it is expected to register the highest CAGR during the review period. Due to the increasing consumption of poultry meat, poultry farming is increasing in developing countries. Poultry blood is the preferred raw material for blood meal preparation due to its high amino acid content, particularly lysine.

• Porcine Blood

• Ruminant Blood

By Process

• Solar Drying: Solar drying is well suited for small-scale operations or in the absence of advanced equipment. Thus, in 2018, the segment accounted for the largest share of the global blood meal market.

• Drum Drying

• Ring and Flash Drying

• Spray Drying

By Application

• Animal Feed

• Fertilizers: The increasing use of blood meal as an organic fertilizer is expected to drive sales during the forecast period. The growing adoption of organic farming due to the rising demand for organic food supplies is projected to result in a higher CAGR of the segment.

By Region

• North America: In 2018, North America held the largest regional market share due to the presence of an established animal feed industry and the increasing consumption of meat products, including meat, eggs, and milk.

• Europe

• Asia-Pacific: Rising awareness regarding the benefits of blood meal and increased availability of the products are expected to result in the regional market registering the highest CAGR during the forecast period of 2019 to 2024.

• Rest of the World

Key Players

• Darling Ingredients Inc. (US)


• Terramar Chile SpA. (Chile)


• West Coast Reduction Ltd. (Canada)


• Valley Proteins Inc. (US)


• Ridley Corporation Limited (Australia)


• Allanasons Pvt Ltd (India)


• The Boyer Valley Company (US)


• FASA Group (Brazil)


• Sanimax (US)


• APC, Inc. (US)


• Apelsa Guadalajara SA de CV (Mexico)


• Agro-industrial Complex Bačka Topola LTD (Serbia)


• The Jobe's Company (US)