Year | Value |
---|---|
2024 | USD 2.36 Billion |
2035 | USD 3.32 Billion |
CAGR (2025-2035) | 3.1 % |
Note – Market size depicts the revenue generated over the financial year
In the near future, the world blood meal market is expected to grow steadily, reaching $ 3.1 billion by 2035. This growth represents a CAGR of 3.1% from 2025 to 2035. Its growth is driven by several factors, such as the increasing demand for high-quality animal feed, the growing awareness of sustainable farming, and the increasing trend of utilizing by-products in food production. Blood meal has become a solution to the problem of the nutritional quality of animal feed. The major blood meal companies, such as Darling Ingredients, Pancosma, and Alltech, have launched strategic initiatives to take advantage of this growth. The companies are investing in research and development to improve the quality of their products and increase their market share. In addition, they have established strategic collaborations and supply chain relationships to explore new applications for blood meal, such as pet food and organic fertilizer.The development of blood meal will also be affected by technological developments, such as the formulation and processing of blood meal.
Regional Market Size
The blood meal market is characterized by its many different applications in animal feed, fertilizer, and pet food in many different regions. In North America, the market is driven by the increasing demand for high-quality animal feed and organic fertilizers, which is driven by the increasing trend towards sustainable agriculture. Europe is characterized by the high regulatory framework, which favors the use of blood meal as a source of nutrients. In Asia-Pacific, the rapid growth is due to the rising livestock production and the increasing demand for animal protein in the human diet. In the Middle East and Africa, blood meal is gradually being used as an animal feed, driven by the need for cost-effective alternatives to livestock feed. In Latin America, blood meal production is growing, especially in Brazil, and is mainly focused on exports.
“Blood meal is one of the richest sources of protein available, containing up to 90% protein content, making it an excellent supplement for livestock feed.” — National Animal Feed Association
The Blood Meal Market plays a key role in the animal feed industry, especially in the increase of the protein content of animal feeds and fish feeds. The current growth in this market is mainly driven by the increasing demand for alternative high-quality feed and the growing awareness of sustainable agriculture. The need for cost-effective animal feeds and the use of by-products in the feed industry are the two main reasons for the growth of the blood meal market. The current market for blood meal in animal feed is in a mature stage, with Darling Ingredients and Pancosma leading the way in production and distribution. The main applications of blood meal are the use in the diet of ruminants and the use in aquafeeds, where it increases growth and feed efficiency. The blood meal market is driven by the need for sustainable food production and the need to reduce waste in the meat industry. In addition, the development of new blood meal production methods further strengthens the position of blood meal in the market.
From 2024 to 2035, the blood meal market is expected to grow steadily, with a CAGR of 3.1% from $2.36 billion to $3.32 billion. The main reason for this is the increasing demand for high-quality animal feed, especially in the livestock and aquaculture industry, where blood meal is recognized as a good dietary supplement. It is estimated that by 2035, the penetration of blood meal in the animal feed industry will reach about 14%. The future of the blood meal industry will also be greatly influenced by the development of new technology and the implementation of policies. The quality and safety of blood meal will be improved with the development of new technology, which will make it more and more popular among manufacturers and consumers. The demand for blood meal will also be driven by the policy of sustainable development and the reduction of food waste. The emerging trend of organic and non-GMO feed will also affect the market trend, as the industry tries to meet the needs of consumers for environmentally friendly products. The future development of the blood meal industry will be driven by both the demand for blood meal and the innovation of blood meal. , will play an important role in the development of global agriculture.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2023 | USD 2.27 Billion |
Growth Rate | 3.50% (2023-2032) |
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)