Blood Meal Market Scope
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 |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
CAGR | % |
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.
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) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Blood Meal market by Type , by Application (Poultry feed, Porcine feed, Ruminant feed and Aquafeed) and Region with country level break-up.
On the basis of geography, the market of Blood Meal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
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.
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
Key Target Audience
Blood Meal Manufacturer, Distributor/Supplier, Research Institutes, End-User Industry and Others