Global Blood Meal Market Overview:
A blood meal is a dry, inert powder made from blood, used as a high-nitrogen organic fertilizer and a high-protein animal feed. It is one of the highest non-synthetic sources of nitrogen. It usually comes from cattle or hogs as a slaughterhouse by-product. A blood meal is known for its high nitrogen content, making it a valuable organic fertilizer and soil amendment. It is commonly used in gardening and agriculture as a source of nutrients for plants. The nitrogen in blood meal is in a form that can be readily absorbed by plants, promoting healthy growth and green foliage.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
As Sustainable Agriculture Practices Gain Traction, Blood Meal is Being Recognized as a Valuable Component of Integrated Nutrient Management Systems.
Market Growth Drivers:
Rising Demand for Protein-Rich Feed Additives and Increase in the Slaughter of Animals Due to Rising Demand for Meat
Challenges:
The Lack of Awareness and Unwillingness to Accept A Feed Ingredient Derived From Blood
Restraints:
Stringent Government Regulation about Animal Slaughter and Fluctuating Prices of Blood Meal Raw Material
Opportunities:
Increasing Demand for the High Nitrogen Content Fertilizer Ingredients like Blood Meal and Increasing Investment in Animal Farming and Livestock Management
Competitive Landscape:
The global market for Blood Meal is fragmented by key players owing to the rising demand for livestock feed options with rich nutritional content and easy storage. The players should focus on different aspects of the blood products and also product development for the usage of blood meal and high content of nitrogen in fertilizers for higher plant yield.
Some of the key players profiled in the report are Darling Ingredients Inc (United States), Terramar (Chile), Valley Proteins Inc. (United States), West Coast Reduction Ltd. (United States), Allana Group (India), Boyer Valley (United States), FASA Group (Brazil), Sanimax (Canada), APC, Inc. (United States), Apelsa Guadalajara S.A. de C.V (Mexico) and Ridley Corporation (Australia). Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Blood Meal market. Considering Market by Source, the sub-segment i.e. Porcine Blood will boost the Blood Meal market. Considering Market by Drying Process, the sub-segment i.e. Solar Drying will boost the Blood Meal market.
Latest Market Insights:
In 2020, Darling Ingredients Inc. acquired EnviroFlight, LLC, a leading developer of the animal feed industry. This acquisition will provide the expertise of Darling Ingredients Inc. and Product Speciality of EnviroFlight, LLC to the Collaboration an environmentally friendly, toxin-free, sustainable source of high-value nutrients.
Manufacturers have been exploring ways to enhance the quality and effectiveness of blood meal as a fertilizer. This entails generating specialized formulations to satisfy particular crop requirements as well as optimizing processing methods to maintain nutrient content and enhance the granulation process for simpler handling and application.
What Can be Explored with the Blood Meal Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Blood Meal Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Blood Meal
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Blood Meal market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Blood Meal market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Blood Meal Manufacturer, Distributor/Supplier, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.