According to a research report published by Spherical Insights & Consulting, the Global Blood Meal Market Size Expected to Grow from USD 2.13 Billion in 2023 to USD 2.93 Billion by 2033, at a CAGR of 3.24% during the forecast period 2023-2033.

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A blood meal is a powder made from dried animal blood that has been collected after the animals have been massacred. It has a lot of nutrients, including potassium, phosphorus, and nitrogen. In addition to the cattle sector, blood meal is utilized as a soil nitrogen amendment in gardening. Nitrogen is an essential element for plant growth since it gives plants the energy they need to develop and produce fruits and vegetables. Therefore, using blood meal to increase the soil’s nitrogen content will aid in boosting plant productivity. Furthermore, the growing realization of the nutritional benefits of blood meals is an important market factor that is fueling the global blood meal market. One important market element driving the global blood meal market is the expansion of the pet food industry. Worldwide pet ownership is rising due to changing demographics and lifestyles. However, overuse of blood meal by plants generates acidity in the soil, which burns the plants.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Blood Meal Market Size, Share, and COVID-19 Impact Analysis, By Source (Porcine Blood, Poultry Blood, and Ruminant Blood), By Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The poultry blood segment is expected to hold the biggest share of the blood meal market during the forecast period.

Based on the source, the blood meal market is categorized into porcine blood, poultry blood, and ruminant blood. Among these, the poultry blood segment is expected to hold the biggest share of the blood meal market during the forecast period. Since poultry blood has higher protein, particularly lysine, an important amino acid needed for animal growth and development, it is the most popular source of blood meal. Compared to pig or bovine blood, poultry blood is easier to obtain from slaughterhouses and requires less processing.

The poultry feed segment is expected to dominate the blood meal market during the forecast period.

Based on the application, the blood meal market is divided into poultry feed, porcine feed, ruminant feed, and aquafeed. Among these, the poultry feed segment is expected to dominate the blood meal market during the forecast period. Poultry feed formulations require a stable and cost-effective source of protein, and blood meal derived from poultry processing wastes fits these needs admirably. Poultry blood is readily available in huge quantities, aligning with the development of the poultry industry and providing a consistent and nutritionally valuable ingredient for feed.

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North America is expected to dominated in the global blood meal market over the predicted timeframe.

North America is anticipated to dominated in the global blood meal market over the predicted timeframe. The region’s growing cattle and poultry sectors, together with increased demand for high-protein animal feed, are driving the greater use of blood meal. Furthermore, severe regulations promoting sustainable agricultural methods, as well as a significant on organic farming, are giving blood meal’s growing appeal as an organic fertilizer.

Asia Pacific is expected to grow at a rapid pace in the blood meal market during the forecast period.

The Asia Pacific area, which comprises China, India, Australia, and Japan, has emerged as an important market for blood meals. The expanding population of the Asia Pacific area and the ensuing rise in demand for meat products are driving the market for blood meals. The availability of blood meal as a by-product increases along with the meat industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Blood Meal Market are Darling Ingredients Inc., Terramar, West Coast Reduction Ltd, Valley Proteins, Inc, Allana Group, Boyer Valley, FASA Group, Sanimax, BVC Ingredients, NexGen Bioproducts, Moy Park, GNT Group, Bio-Nutrition, Gea Farm Technologies, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In August 2023, NexGen Bioproducts introduced a new blood meal processing technique that decreases energy use while improving product quality.

• In May 2022, Darling Ingredients Inc. purchased FASA Group to broaden its geographical reach and introduce additional blood meal products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the blood meal market based on the below-mentioned segments:

Global Blood Meal Market, By Source

• Porcine Blood
• Poultry Blood
• Ruminant Blood

Global Blood Meal Market, By Application

• Poultry Feed
• Porcine Feed
• Ruminant Feed
• Aquafeed

Global Blood Meal Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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