Global Blood Meal Fertilizers Market, By Source (Porcine Blood, Poultry Blood and Ruminant Blood), Application (Fruits and Vegetables, Cereals and Grains, Pulses and Oilseeds, and Turf and Ornamentals and Others), End-User (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, and Organic Fertilizer), Process (Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying) – Industry Trends and Forecast to 2031.
Blood Meal Fertilizers Market Analysis and Size
The blood meal fertilizers market is growing due to advancements in sustainable agriculture. These fertilizers, rich in nitrogen, enhance soil health and crop yield. The latest methods involve integrating blood meal with organic compost for better nutrient absorption. Technologies such as precision farming optimize its use, driving growth in the market by improving efficiency and environmental impact.
The global blood meal fertilizers market size was valued at USD 6.74 billion in 2023 and is projected to reach USD 12.20 billion by 2031, with a CAGR of 7.70% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Porcine Blood, Poultry Blood and Ruminant Blood), Application (Fruits and Vegetables, Cereals and Grains, Pulses and Oilseeds, and Turf and Ornamentals and Others), End-User (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, and Organic Fertilizer), Process (Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Darling Ingredients (U.S.), Ridley Corporation Limited (Australia), The Boyer Valley Company, Inc. (U.S.), Sanimax (Canada), APELSA GUADALAJARA SA DE CV (Mexico), The Fertrell Company (U.S.), Agro-industrial Complex Bačka Topola LTD (Serbia), BASF SE (Germany), and Dow (U.S.)
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Market Opportunities
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Market Definition
Blood meal fertilizer is a natural, nitrogen-rich soil amendment made from dried, powdered animal blood, typically from cattle. It's used to enhance plant growth, improve soil structure, and increase nutrient content. A blood meal is particularly beneficial for leafy plants and vegetables, promoting vigorous growth and lush foliage. It's also an organic alternative to synthetic fertilizers.
Blood Meal Fertilizers Market Dynamics
Drivers
- Rising Growth in Organic Farming
The rising growth in organic farming is significantly driving the blood meal fertilizers market. As consumers increasingly demand organic products, farmers are turning to blood meal organic fertilizer such as blood meal, which is rich in nitrogen. For instance, organic vegetable growers often use blood meal to boost soil fertility and crop yield. This shift towards sustainable farming practices enhances the market demand for blood meal fertilizers, promoting its growth and adoption.
- Rising Demand for High-Quality Crops
The rising demand for high-quality crops is spurring farmers to adopt blood meal fertilizers, known for enhancing plant health and nutrient content. For instance, in specialty crop production such as vineyards and orchards, blood meal is used to improve soil fertility, resulting in superior grape and fruit quality. This trend towards nutrient-rich produce aligns with consumer preferences for healthier food choices, driving the market growth of blood meal fertilizers in agriculture.
Opportunities
- Growing Livestock Industry
The expansion of the livestock industry not only increases the availability of blood meal as a by-product but also creates significant opportunities in the fertilizer market. For instance, agricultural suppliers can capitalize on this abundant supply by offering blood meal fertilizers to farmers seeking organic blood meal fertilizer alternatives. This creates a sustainable cycle where livestock production supports agricultural needs, fostering a growing market for blood meal fertilizers as a nutrient-rich soil amendment in organic farming practices.
- Advancement in Technology
Technological advancements in processing and application methods of blood meal fertilizers are opening new opportunities in the market. For instance, improved techniques for nutrient extraction and formulation enhance the fertilizer's effectiveness in enhancing soil fertility and crop yields. This appeals to farmers looking for efficient and sustainable solutions. Additionally, innovations in packaging and distribution further streamline supply chains, making blood meal fertilizers more accessible and attractive in the agricultural sector, thereby stimulating market growth.
Restraints/Challenges
- Limited Supply and Seasonal Availability
Limited supply and seasonal availability of blood meal, linked to the production cycles of the livestock industry, poses significant challenges for its consistent availability in agriculture. Farmers may face shortages during peak demand periods, impacting their ability to procure this organic fertilizer. These fluctuations can hinder the effective planning and use of blood meal, limiting its reliability as a nutrient source in farming practices.
- Competition with Synthetic Fertilizers
Blood meal faces stiff competition from synthetic fertilizers, which are often cheaper and provide immediate nutrient availability. This poses a challenge to blood meal's market penetration and adoption rate among farmers. The preference for quick results and cost-efficiency with synthetic alternatives limits the widespread adoption of blood meal despite blood meal fertilizer benefits and soil-enriching properties.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In May 2022, Darling Ingredients acquired Fasa Group for USD 560 million. This acquisition aims to bolster its global footprint and diversify product offerings within the lucrative blood meal market segment, highlighting ambitions for enhanced market penetration and product innovation
- In January 2020, Darling Ingredients completed the acquisition of EnviroFlight, securing 100% equity. This investment underscores their commitment to advancing specialty proteins and sustainable feed solutions, reflecting a proactive stance towards fostering innovation and environmental stewardship in the industry
Blood Meal Fertilizers Market Scope
The market is segmented on the basis of source, application, end-user, and process. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Porcine Blood
- Poultry Blood
- Ruminant Blood
Application
- Fruits and Vegetables
- Cereals and Grains
- Pulses and Oilseeds
- Turf and Ornamentals
- Others
End-User
- Poultry Feed
- Porcine Feed
- Ruminant Feed
- Aqua Feed
- Natural Pest Deterrent
- Organic Fertilizer
Process
- Solar Drying
- Drum Drying
- Ring and Flash Drying
- Spray Drying
Blood Meal Fertilizers Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, source, application, end-user, and process as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the blood meal fertilizers market during the forecast period, driven by increased agricultural land. This region's agricultural expansion fuels the demand for organic fertilizers such as blood meal, enhancing soil fertility and crop yields. The trend underscores North America's pivotal role in the market's growth and innovation.
Asia-Pacific is expected to show growth in the blood meal fertilizers market during the forecast period. Increasing awareness of soil health maintenance, rising personal disposable incomes, and higher expenditures on research and development are key factors in market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Blood Meal Fertilizers Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Darling Ingredients (U.S.)
- Ridley Corporation Limited (Australia)
- The Boyer Valley Company, Inc. (U.S.)
- Sanimax (Canada)
- APELSA GUADALAJARA SA DE CV (Mexico)
- The Fertrell Company (U.S.)
- Agro-industrial Complex Bačka Topola LTD (Serbia)
- BASF SE (Germany)
- Dow (U.S.)
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