Global Blood Meal Market 2019 to 2025
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Global Blood Meal Market
Size, Share & Trends Analysis Report by Source (Poultry, Porcine, and Ruminant), by Process (Solar Drying, Drum Drying, Ring & Flash Drying, and Spray Drying), and by Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Others) and Forecast, 2019-2025.
A blood meal is a dried form of blood used as a dietary supplement for ruminant, poultry, porcine, and aquatic animals. It is further used as a fertilizer for providing a consistent source of minerals and nutrients for plants as it comprises organic and nitrogen-rich contents. It contains a small amount of potassium and phosphorus which raises acid levels in the soil. As blood is regarded as a perishable product; therefore, it is processed and collected throughout the slaughtering of pigs, cattle, chicken, and others. Later, the blood is dried out and processed and converted into blood meal. It is used as a supplement diet based on plant by-products, cereal grains, and forages, as it contains a large content of protein. The market is driven by the increase in consumption of animal-based products in emerging economies, such as China. This, in turn, increases the production rate of blood meal products.
The blood meal market is segmented into source, process, and application. On the basis of source, the market is segmented into poultry, porcine, and ruminant, in which poultry blood segment is mostly preferred raw material due to its high lysine (amino acid) content. On the basis of process, the market is fragmented into solar drying, drum drying, ring & flash drying, and spray drying. Based on application, the market is segmented as poultry feed, porcine feed, ruminant feed, and others, in which the poultry feed is significantly growing due to the high consumption of poultry products in MEA, Brazil, and China. The other applications of blood meal includes aquafeed, natural pest deterrent, and organic fertilizers in plants.
Based on the geography, the global blood meal market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Among these regions, Asia-Pacific shows significant growth in the global blood meal market. This is attributed to the large consumption of meat products in a country such as China, which increases the slaughtering rate, which in turn, increases the production of blood meal in the market. Moreover, the increase in demand for animal food products due to growing adoption of pet are other key factors propelling the growth of the market. Moreover, in North America, the US is projected to grow in the blood meal market due to the large intake of livestock products such as milk, egg, meat, and others.
The prominent players functioning in the global blood meal market are West Coast Reduction Ltd., Pure Top Group Co., Ltd., Valley Proteins, Inc., Darling Ingredients, Allana Group, The Boyer Valley Co., Inc., FASA Group, and Sanimax Corp. These companies have a strong distribution network and manufacturing facilities through which they serve across the globe.
The market study of the global blood meal market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for animal food industries, investment companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.