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blood meal market dynamics are experiencing significant changes driven by various factors such as increasing demand for organic fertilizers, growing awareness about sustainable agriculture practices, regulatory restrictions on synthetic fertilizers, and advancements in processing technologies.
Firstly, the rising demand for organic fertilizers is a key driver shaping the market dynamics of blood meal. With growing concerns about food safety, environmental sustainability, and soil health, there is a growing preference for organic farming practices. Blood meal, which is a natural byproduct of the meat industry, is rich in nitrogen and other essential nutrients, making it an excellent organic fertilizer for promoting plant growth and soil fertility. As consumers become more conscious of the quality and safety of food products, there is increasing demand for crops grown using organic fertilizers like blood meal, driving market growth.
Moreover, growing awareness about sustainable agriculture practices is driving the adoption of blood meal in the fertilizer market. Conventional farming practices often rely on synthetic fertilizers that can have negative environmental impacts such as nutrient runoff, soil degradation, and water pollution. In contrast, organic fertilizers like blood meal are derived from natural sources and help improve soil structure, enhance microbial activity, and reduce nutrient leaching. Farmers are increasingly recognizing the benefits of using blood meal as a sustainable alternative to synthetic fertilizers, leading to greater adoption and market expansion.
Furthermore, regulatory restrictions on synthetic fertilizers are influencing the market dynamics of blood meal. Governments and regulatory agencies are implementing policies and regulations aimed at reducing the use of synthetic fertilizers to mitigate environmental risks and protect public health. Restrictions on the use of certain chemical fertilizers, such as phosphorus and nitrogen-based fertilizers, are driving demand for alternative organic fertilizers like blood meal. Additionally, certification programs and organic farming standards require farmers to use organic inputs, further fueling the demand for blood meal and other organic fertilizers in the market.
Additionally, advancements in processing technologies are reshaping the market dynamics of blood meal. Innovations in extraction, drying, and processing techniques have improved the quality, consistency, and shelf life of blood meal products. Advanced processing methods help retain the nutrient content and bioavailability of blood meal while reducing contaminants and pathogens. Furthermore, developments in packaging and storage technologies ensure the long-term stability and usability of blood meal fertilizers, providing farmers with reliable and effective organic soil amendments for crop production.
Despite the opportunities and advancements, the blood meal market also faces challenges and constraints. One challenge is the limited availability of blood meal as a byproduct of the meat industry. Fluctuations in meat production and processing can impact the supply of blood meal, leading to price volatility and supply chain disruptions. Additionally, there may be concerns about the potential for pathogens and contaminants in blood meal products, especially if proper processing and quality control measures are not implemented. Ensuring the safety and quality of blood meal fertilizers is essential to maintain consumer confidence and market competitiveness.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 2.27 Billion |
| Growth Rate | 3.50% (2023-2032) |
Blood Meal Market Highlights:
Blood Meal Market Overview
Blood Meal Market Size was valued at USD 2.2 Billion in 2022. The Blood Meal market industry is projected to grow from USD 2.27 Billion in 2023 to USD 2.99 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 2032). The increasing use of blood meal in animals and rising demand for meat products are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Blood Meal Market Trends
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Growing demand for meat products is driving the market growth
Market CAGR for blood meal is driven by the increasing demand and use of blood meal powder among animal feeds. A blood meal is a dried form of animal blood because it is a great way of getting nutrition and proteins. This powder is used to strengthen poultry, fish, and porcine-like animal feeds. The demand is further fueled by increasing urbanization in developing countries. The composite applications of blood meal in agriculture as both fertilizer and feed are expected to drive demand during the study period.
Additionally, blood is considered a liquid protein due to its high concentration of protein and richness in amino acids like lysine, which is why it has an advantage over plant-based protein that has low lysine content. It is one of the greatest non-synthetic sources of nitrogen and hence is utilized as a natural fertilizer. Further, the investments in R&D and promotion of blood meal products generate growth measures for the market players in the study period of 2022 to 2032. The Makers of the dried blood meal are working towards preaching awareness among the people about protein supplements, thus carving the growth for the market. Thus, driving the Blood Meal market revenue.
However, the stringent regulatory framework is a factor that has an impact on the growth rate of the blood meal market. The regulatory landscape is anticipated to become more stringent, with an increasing focus on animal welfare and environmental sustainability. But growth in aquaculture products and aquaculture is projected to boost this market during the forecast period.
For Instance, according to the Code of Federal Regulations Title 21 of the Drug Administration and the US Food, any matter that is derived from mammalian tissues and is intended for use in ruminant feed should follow the food additive regulation stated under section 409 of the Federal Food, Drug, and Cosmetic Act. The consequences of following the guidelines are that this market will witness various growth opportunities.
Blood Meal Market Segment Insights
Blood Meal Source Insights
The Blood Meal market segmentation, based on source, includes poultry blood, porcine blood, and ruminant blood. The poultry blood segment dominated the market owing to the increasing consumption of poultry farming; poultry meat is increasing in evolving countries. Poultry blood is the preferred raw material for blood meal preparation since it is rich in amino acid content, particularly lysine. The raw material for a blood meal is basically collected from slaughterhouses, and it is processed in a poultry processing plant.
On the other hand, the porcine segment is expected to rise during the forecast period since it is rich in crude protein and is used for porcine diets. In growing pigs, blood meal partially replaces the soybean meal in maize. In combination with molasses, it permits growth, the same feed intake, and feed conversion efficiency as soybean meal.
Blood Meal Process Insights
The Blood Meal market segmentation, based on process, includes solar drying, drum drying, ring and flash drying, and spray drying. The ring and flash drying category generated the most income. The blood undergoes a hot drying airstream process, and then it is evaporated. The product is further dried as soon as it is conveyed via the drying column. The ring and flash drying are different from each other. The ring-dried blood meal offers greater content of the total volume, and the presence of amino acids is of better nutritional quality.
Blood Meal Application Insights
The Blood Meal market segmentation, based on application, includes animal feed and fertilizers. The fertilizers category generated the most income. This is because of the increasing demand for organic food supplements or the adoption of organic farming resulting in animal slaughter. The huge amount of blood released from animals generates growth opportunities for the blood meal market. However, the animal feed segment is expected to witness significant growth in the forecast period 2022-2032.
Figure 1: Blood Meal Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Blood Meal Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Blood Meal market area will dominate this market, owing to the presence of an orthodox animal feed industry and the rising consumption of livestock products, including meat, milk, and eggs.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: BLOOD MEAL MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Blood Meal market accounts for the second-largest market share due to the advantage of blood meal-based protein over plant-based proteins and other feed ingredients owing to their cost effectiveness and rich nutritional profile. Further, the German Blood Meal market held the largest market share, and the UK Blood Meal market was the fastest-growing market in the European region.
The Asia-Pacific Blood Meal Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the establishment and expansion of production capabilities by key manufacturers and the demand for livestock products. Moreover, China’s Blood Meal market held the largest market share, and the Indian Blood Meal market was the fastest-growing market in the Asia-Pacific region.
Blood Meal Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Blood Meal market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launching, contract-based agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Blood Meal industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Blood Meal industry to benefit clients and increase the market sector. In recent years, the Blood Meal industry has offered some of the most significant advantages to medicine. Major players in the Blood Meal market, including Darling Ingredients Inc. (US), Terramar Chile SpA. (Chile), West Coast Reduction Ltd. (Canada), FASA Group (Brazil), Sanimax (US), and others, are attempting to increase market demand by investing in research and development operations.
Darling Ingredients Inc. (US) Ira C. was formed in Chicago, Illinois, as a partnership contract between the Swift family and the Darling family fertilizer company. It is now headquartered in Irving, Texas, the US. The company manufactures, processes, and distributes sustainable natural ingredients extracted from inedible and edible bio-nutrients. Its product portfolio includes collagen, feed-grade fats, edible fats, plasma, animal proteins and meals, pet food ingredients, yellow grease, organic fertilizers, fuel feedstock, green energy, natural casings, and hides. The company also gives environmental services, such as disposal services to food services and grease trap collection establishments. It caters its product to customers in the pharmaceutical, food, animal feed, pet food, bioenergy, fuel, and fertilizer industries through its brands. On October 12, 2022, Chairman and CEO Randall Stuewe, the board of directors, and senior leaders rang the NYSE closing bell in celebration of 15 years of being listed as DAR on the NYSE.
Sanimax (US) was founded in 1939, a company owned by a family that has spanned generations and borders. Throughout this time, Sanimax is boosted by trusted business partners who contribute to the company's innovative pride and vision in a job well done. This company is so connected with the agricultural industry from the start; Sanimax has adapted to a world undergoing constant changes. They have experienced remarkable growth that led to expansion in their services in different industries like catering, animal nutrition, and food retail. On October 9, 2020, Sanimax introduced their new and improved Website, which not only showcases their mission but also improves the browsing experience of their clients and employees.
Key Companies in the Blood Meal market include
- 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)
Blood Meal Industry Developments
May 2022: Darling Ingredients acquired Fasa Group for USD 560 million to enlarge its geographical presence and new product offerings in the blood meal market.
January 2020: Darling Ingredients took 100% possession of equity in EnviroFlight and increased its investment in innovative specialty proteins and feed sustainability.
Sanimax launched new animal proteins in the market, which consisted of products such as blood meal from ruminants and blood meal from non-ruminant.
Blood Meal Market Segmentation
Blood Meal Source Outlook
- Poultry Blood
- Porcine Blood
- Ruminant Blood
Blood Meal Process Outlook
- Solar Drying
- Drum Drying
- Ring and Flash Drying
- Spray Drying
Blood Meal Application Outlook
- Animal Feed
- Fertilizers
Blood Meal Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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