Blood Meal Market

Blood Meal Market Outlook (2023 to 2033)

As revealed by Fact.MR in its newly published industry research report, the global blood meal market stands at US$ 2.28 billion in 2023. The market is projected to expand at a CAGR of 3.6% and reach a value of US$ 3.25 billion by 2033.

Growing demand for animal protein is leading to rising sales of blood meal. Increasing consumption of meat products is leading to the rising availability of different types of blood meal products. The benefits of blood meal are leading to its increased usage as a dietary supplement and organic fertilizer for livestock.

Blood meal is dried animal blood that is collected when animals are killed. The same blood is dried to prepare powder. This product contains various nutrients, including phosphorous, nitrogen content, and potassium. Blood meal finds use in gardening as a popular nitrogen amendment in addition to the livestock sector.

Nitrogen is a pivotal element required for the growth of plants as it offers energy to plants to produce vegetables and fruits and thus helps in their development. Therefore, a significant increase in the quantity of nitrogen in farming soil with the use of blood meal is predicted to result in improved productivity of plants, thereby driving the use of blood meal for plants. Further, the smell of blood meal is not so appealing to many animals, including moles, deer, and squirrels, and thus, it assists in keeping them away from destroying the produce.

Some farmers use blood meal in combination with various other compost materials, including paper or straw, dried leaves, etc., to ensure the presence of nutrients in the form of balanced doses. Organic farmers generally give preference to growing fruits and vegetables without any use of pesticides and synthetic fertilizers. They seek natural alternatives to increase the content of nutrients in the soil. Further, it acts as an appropriate natural fertilizer for them. Compared to other market-available organic fertilizers, organic blood meal is a bit affordable.

Blood meal finds application as a popular protein supplement for pets, poultry, and fish in addition to its use for plants. It is rich in minerals, vitamins, and amino acids and offers essential elements to various animals.

The newly published market research report by Fact.MR, a market research and competitive intelligence provider, offers a lot of dynamics about the blood meal landscape. Readers can dive deep into the content to get details about growth-driving factors, new product launches, limitations, a country-level analysis, and various other similar factors.

Report Attributes	Details
Blood Meal Market Size (2022)	US$ 2.2 Billion
Estimated Market Value (2023E)	US$ 2.28 Billion
Forecasted Market Value (2033F)	US$ 3.25 Billion
Global Market Growth Rate (2023 to 2033)	3.6% CAGR
Widely Used Process for Blood Meal Production	Ring & Flash Drying
Key Markets in Asia Pacific	India and China
Market Share of Tier 1 Manufacturers (2023)	45% Share
Key Companies Profiled	Darling Ingredients Inc. West Coast Reduction Ltd. Terramar Chile SpA Valley Proteins Inc. Allanasons Pvt. Ltd. Ridley Corporation Limited The Boyer Valley Company APC Inc. FASA Group Spelsa Guadalajara SA de CV Sanimax

Which Factors are Strengthening the Blood Meal Market?

“Continuously Rising Demand for Meat Products Across Geographies”

Bolstering demand for the utilization of blood meal powder for animal feed is contributing to market growth. Blood meal is available in dried form and manufactured from animal blood. It is considered a popular source of protein and nutrition. Blood meal in agriculture acts as feed and fertilizer, which is forecasted to drive product demand over the decade.

Blood meal is also used extensively as a liquid protein because of its richness in amino acids, including lysine, etc., and high concentration of protein. These contents make blood meal a preferred protein compared to the plant-based protein that comes with low lysine content. A blood meal is adopted as a popular non-synthetic nitrogen source and therefore used as a natural fertilizer.

Industry players are investing in R&D activities and promotional activities to increase their revenue share. They are working to come up with various organic and environment-friendly products.

Which Aspect is Restraining the Sales Growth of Blood Meal?

“Stringent Regulatory Framework Adversely Impacting Market Growth”

Implementation of the stringent regulatory framework in the blood meal space is estimated to have adverse impacts on expansion opportunities. The rising concentration of various consumers on environmental sustainability and animal welfare is predicted to lead to the implementation of a more stringent framework. These policies lead to increased monetary requirements to take appropriate actions to match set standards.

What’s Assisting New Entrants to Gain Ground in This Market?

“Start-ups Cashing in on Global Organic Trend”

The market is gaining traction with the rising demand for animal-based and animal meat products. The increasing slaughter of animals is leading to the growing release of a significant amount of blood, which is opening wide opportunities for suppliers.

The trend of 'move to organic' is estimated to serve as a positive factor for new entrants. Start-ups are investing at a significant rate in R&D activities for the launch of organic fertilizers. They are also taking initiatives to promote their products. These product innovation trends are predicted to widen the scope for new entrants over the coming decade.

Country-wise Insights

What Makes the United States a Key Market for Suppliers of Blood Meal?

“Well-established Orthodox Animal Feed Sector”

The United States is a prominent market in the North American region. The presence of a well-established orthodox animal feed sector in the United States is contributing to revenue streams. Increased consumption of different types of livestock products, including meat, etc., is also driving opportunities for suppliers in the United States.

Which European Countries are Leading Markets for Blood Meal?

“United Kingdom and Germany Propelling Ahead with Rich Nutritional Profile and Cost-effectiveness of Blood Meal”

The United Kingdom and Germany are two prominent markets in Europe. The German market is estimated to contribute a significant revenue share and the United Kingdom market is projected to fare at a rapid pace over the forecast period. The stimulating demand for blood meal-based protein compared to plant-based proteins and feed ingredients is attributed to their health advantages. The rich nutritional profile and cost-effectiveness of blood meal are contributing to their increased demand in these markets.

Why are China and India Generating Higher Revenue for Blood Meal Suppliers?

“Growing Demand for Livestock Products in China and India”

Establishment and expansion of manufacturing capabilities of prominent manufacturers in India and China are creating opportunities for market players. In addition, the propelling demand for livestock products is also predicted to generate significant revenue streams for suppliers. The Indian market is predicted to advance at a rapid pace whereas the Chinese market is projected to hold a significant share in market revenue streams.

Category-wise Insights

Which Source of Blood Meal is Preferred by Manufacturers?

“Rising Use of Poultry Blood as Rich Source of Amino Acids”

Poultry blood, ruminant blood, and porcine blood are some popular sources that are used by manufacturers to produce blood meal. Poultry blood is used at a significant rate due to its increasing consumption for poultry farming. Poultry blood is a widely preferred raw material used to prepare blood meal as it is a rich source of amino acids, especially lysine. This raw material is collected from slaughterhouses and then processed in a plant for poultry processing.

Which Production Process is Gaining the Spotlight among Market Players?

“Ring & Flash Drying Popular Process for Manufacturing Blood Meal”

Solar drying, spray drying, ring & flash drying, and drum drying are some popular processes that are used for the production of blood meal. Among these, the ring & flash drying process is used extensively to manufacture blood meal and generate significant income. In this process, collected blood undergoes a hot drying airstream, and then the same is evaporated. After this, the product is dried. Blood meal produced from this method ensures the presence of certain amino acids of better nutritional quality.

In Which Type of Feed Production is Blood Meal Widely Utilized?

“Rising Worldwide Demand for Organic Food Supplements”

Blood meal uses include poultry feed, aqua feed, porcine feed, natural pest deterrents, ruminant feed, and organic fertilizers. Organic fertilizers are estimated to generate significant income for blood meal fertilizer manufacturers over the decade. This is attributed to the rising consumption of different types of organic food supplements across the world.

Competition Analysis

Companies involved in the production and supply of blood meal are investing to ensure the quality control of products, strengthen their systems adopted for supply chain management, maintain product standards, etc.

Blood meal manufacturers are spending significantly on several R&D activities for product innovations to expand their reach across boundaries. They are adopting various strategies, including product launches, collaborations, and others to get a competitive edge.

For instance :

• In May 2022, Darling Ingredients Inc. acquired FASA Group to extend its geographical presence and offer new products in the blood meal space.
• In January 2020, Sanimax launched a new animal protein, which consists of products, including blood meal from non-ruminants and blood meal from ruminants.

Key players in the blood meal market are Darling Ingredients Inc., West Coast Reduction Ltd., Terramar Chile SpA, Valley Proteins Inc., Allanasons Pvt. Ltd., Ridley Corporation Limited, The Boyer Valley Company, APC Inc., FASA Group, Spelsa Guadalajara SA de CV, and Sanimax.

Segmentation of Blood Meal Industry Research

• By Source :

  • Poultry Blood
  • Porcine Blood
  • Ruminant Blood

• By Process :

  • Solar Drying
  • Drum Drying
  • Spray Drying
  • Ring & Flash Drying

• By Application :

  • Poultry Feed
  • Aqua Feed
  • Porcine Feed
  • Natural Pest Deterrents
  • Ruminant Feed
  • Organic Fertilizers

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa