Blood Meal Market
Blood Meal Market by Source (Poultry, Porcine, and Ruminant), by Process (Solar Drying, Drum, Spray, Ring and Flash Drying), and by Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Others) - Industry Size, Share, Global Trends, Competitive Analysis and Forecast, 2019 to 2025
A blood meal is a dry, inert powder made from the blood, which is used as high protein feed for animals and as a fertilizer. It ensures nutritious and safe feed for animals. Blood is a perishable product; therefore, it is processed and collected throughout the slaughtering of pigs, cattle, chicken, and others. Later, the blood is dried and processed and made into blood meal so that it can be incorporated and handled into rations. The blood meal contains a large amount of protein and is used as supplement diets based on plant by-products, cereal grains, and forages. The various methods to prepare blood meal are solar drying, drum drying, ring & flash drying, and spray drying. The drying process is crucial as there is an inverse relationship between protein digestibility and the amount of heat applied. Overcooked blood meals are darker due to the destruction of hemoglobin. The growing adoption of a pet is a key factor fueling the growth of the global blood meal market, as it plays a vital role in the global animal feed and pet food industry. The market is further driven by the increase in consumption of animal-based products in emerging countries due to increasing urbanization.
Segmental Outlook
The global blood meal market is segmented into the source, process, and application. Based on the source, the market is segmented into poultry, porcine, and ruminant. Based on the process, the market is fragmented into solar drying, drum drying, ring & flash drying, and spray drying. Based on applications, the market is segmented as poultry feed, porcine feed, ruminant feed, and others. The other segment includes aquafeed, natural pest deterrent, and organic fertilizers used in plants.
The poultry segment is projected to contribute significant growth during the forecast period
Based on the source, the poultry segment is estimated to account for the significant share in the market. Due to the presence of high Lysine, which is an amino acid content, poultry is the most preferred raw material to produce a blood meal. The prominent manufacturers operating in the global blood meal market, such as The Boyer Valley Co., Inc. and Terramar Chile SpA are offering blood meal products which are made up of poultry blood meal.
Poultry Feed and porcine feed segments to hold considerable growth during the forecast period
Based on applications, the poultry feed segment is projected to have a significant growth in the market during the forecast period. This is owing to the augmented demand for the poultry feed products in the emerging economies of Asia-Pacific, which outcomes in the slaughtering of animals. Thus, a large quantity of blood is released from animals, which creates a lot of opportunities for blood meal companies. Additionally, increased adoption of poultry products in this region due to increased demand for protein-rich food is expected to drive the market growth. Furthermore, the porcine feed segment is gaining significant traction in the market. A blood meal is usually used as a source of protein in the porcine feed diets as it has a large content of crude protein. It acts as an alternative for the soybean meal in maize and soybean-based diets in growing pigs. Thus, the porcine feed segment is estimated to register significant escalation during the forecast period.
Global Blood Meal Market by Application, 2018 (%)
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Source: OMR Analysis
Regional Outlook
On the basis of geographical viewpoint, the global blood meal market is segmented as North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific shows the most significant growth in the global blood meal market. This is attributed to the rapid growth in population, which creates a rising demand for animal food products. Economies such as Vietnam and China are the largest consumers of meat products, which further increase the number of slaughters; thus, creates opportunities for the blood meal market. North America contributes a considerable growth in the global blood meal market. This is due to the large consumption of meat products, especially in the US and Canada.
Global Blood Meal Market by Region, 2018 (%)
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Source: OMR Analysis
Market Players Outlook
The prominent players functioning in the global blood meal market are West Coast Reduction Ltd., Pure Top Group Co., Ltd., Valley Proteins, Inc., Darling Ingredients, Allana Group, The Boyer Valley Co., Inc., FASA Group, and Sanimax Corp. These market players are continuously contributing to the market by implementing various market techniques and approaches which includes product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position in the market. Along with these, the companies are focusing on expanding the distribution network and manufacturing facilities. For instance, in 2018, Darling Ingredients completely acquired Kruger Commodities Inc., a US-based company, which helped the company to expand cooking oil collecting business and protein blending operations in the US.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global blood meal market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Pure Top Group Co., Ltd.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Allana Group
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Sanimax Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. West Coast Reduction Ltd.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. The Boyer Valley Co., Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Blood Meal Market by Source
5.1.1. Poultry
5.1.2. Porcine
5.1.3. Ruminant
5.2. Global Blood Meal Market by Process
5.2.1. Solar Drying
5.2.2. Drum Drying
5.2.3. Ring & Flash Drying
5.2.4. Spray Drying
5.3. Global Blood Meal Market by Application
5.3.1. Poultry Feed
5.3.2. Porcine Feed
5.3.3. Ruminant Feed
5.3.4. Others (Aquafeed)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Allana Group
7.2. APC, Inc.
7.3. Apelsa Guadalajara, S.A.
7.4. CSF Proteins Pty. Ltd.
7.5. Darling Ingredients Inc.
7.6. FASA Group
7.7. Geflügel-Protein Vertriebsgesellschaft GmbH & Co. KG
7.8. K-Pro GmbH
7.9. LaBudde Group, Inc.
7.10. Magen Ltd.
7.11. Maxland Group s.r.o.
7.12. Norsildmel AS
7.13. Pure Top Group Co., Ltd.
7.14. R.W. Milling Co.
7.15. Sanimax Corp.
7.16. Terramar Chile SpA
7.17. The Boyer Valley Co., Inc.
7.18. The Espoma Co.
7.19. Valley Proteins, Inc.
7.20. West Coast Reduction Ltd.
1. GLOBAL BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2018-2025 ($ MILLION)
2. GLOBAL POULTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL PORCINE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL RUMINANT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY PROCESS, 2018-2025 ($ MILLION)
6. GLOBAL SOLAR DRYING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL DRUM DRYING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL RING & FLASH DRYING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL SPRAY DRYING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
11. GLOBAL POULTRY FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL PORCINE FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL RUMINANT FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
16. NORTH AMERICAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
17. NORTH AMERICAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2018-2025 ($ MILLION)
18. NORTH AMERICAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY PROCESS, 2018-2025 ($ MILLION)
19. NORTH AMERICAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
20. EUROPEAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
21. EUROPEAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2018-2025 ($ MILLION)
22. EUROPEAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY PROCESS, 2018-2025 ($ MILLION)
23. EUROPEAN BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY PROCESS, 2018-2025 ($ MILLION)
27. ASIA-PACIFIC BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
28. REST OF THE WORLD BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY SOURCE, 2018-2025 ($ MILLION)
29. REST OF THE WORLD BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY PROCESS, 2018-2025 ($ MILLION)
30. REST OF THE WORLD BLOOD MEAL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. GLOBAL BLOOD MEAL MARKET SHARE BY SOURCE, 2018 VS 2025 (%)
2. GLOBAL BLOOD MEAL MARKET SHARE BY PROCESS, 2018 VS 2025 (%)
3. GLOBAL BLOOD MEAL MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
4. GLOBAL BLOOD MEAL MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
7. UK BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD BLOOD MEAL MARKET SIZE, 2018-2025 ($ MILLION)
