Global Blood Meal for Aquafeed Market Segmentation, By Source (Porcine Blood, Poultry Blood, and Ruminant Blood), Process (Solar Drying, Drum Drying, Ring and Flash Drying, and Spray Drying) – Industry Trends and Forecast to 2031
Blood Meal for Aquafeed Market Analysis
The blood meal for aquafeed market has seen significant advancements in processing techniques and technology, enhancing its nutritional profile and digestibility for aquatic species. The latest methods involve enzymatic hydrolysis and fermentation, which improve protein availability and amino acid profiles, making blood meal more suitable for various fish and shrimp species. These techniques not only increase the protein content but also help reduce anti-nutritional factors, making it a more attractive ingredient for aquafeed formulations.
Furthermore, advancements in spray-drying technology allow for better preservation of nutrients and longer shelf life, facilitating the inclusion of blood meal in aquafeed without compromising quality. The growing demand for sustainable aquaculture practices has also fueled the adoption of blood meal, as it provides a high-quality protein source derived from by-products, reducing reliance on fishmeal.
With the global aquaculture industry projected to grow significantly, the blood meal for aquafeed market is expected to expand as manufacturers seek cost-effective, sustainable protein sources. Overall, the emphasis on sustainability and innovation in processing will drive growth and adoption in this market segment.
Blood Meal for Aquafeed Market Size
The global blood meal for aquafeed market size was valued at USD 219.10 million in 2023 and is projected to reach USD 328.68 million by 2031, with a CAGR of 5.2% 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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Blood Meal for Aquafeed Market Trends
“Growing Demand for Sustainable Protein Sources”
The increasing demand for sustainable protein sources in aquaculture is significantly driving the blood meal for aquafeed market. As aquaculture expands to meet global seafood demand, the need for high-quality protein alternatives has surged. Blood meal, rich in protein and amino acids, serves as a cost-effective ingredient that enhances feed formulations. For instance, In August 2023, NexGen Bioproducts introduced a cutting-edge blood meal processing technology that significantly lowers energy consumption while enhancing product quality. This advancement not only contributes to more sustainable production practices but also ensures that the blood meal meets the high standards expected by the industry. By optimizing efficiency, NexGen is positioned to lead in sustainable protein solutions for animal feed.
Report Scope and Blood Meal for Aquafeed Market Segmentation
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Attributes
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Blood Meal for Aquafeed Key Market Insights
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Segments Covered
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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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Key Market Players
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Terramar GmbH (Germany), WCRL (U.S.), Valley Proteins, Inc. (U.S.), Ridley Corporation Limited (Australia), DuPont (U.S.), Natural Remedies (India), DSM (Netherlands), Synthite Industries Ltd. (India), Kemin Industries, Inc. (U.S.), Allanasons Pvt Ltd (India), The Boyer Valley Company, Inc. (U.S.), AB „Fasa“(Lithuania), Sanimax (Canada), Schneider Electric (France), Apelsa Guadalajara (Mexico), The Fertrell Company (U.S.), Agro-industrial Complex Backa Topola LTD (Serbia), and Darling Ingredients (U.S.)
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Market Opportunities
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Value Added Data Infosets
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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 import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
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Blood Meal for Aquafeed Market Definition
Blood meal for aquafeed is a high-protein ingredient derived from animal blood, primarily from livestock processing. Rich in essential amino acids, it serves as a valuable nutrient source for aquatic species, enhancing growth rates and overall health. Blood meal is often used in fish and shrimp feeds, contributing to better feed conversion ratios. Its high protein content supports the development of muscle mass and improves feed efficiency. Additionally, the inclusion of blood meal can help meet the dietary protein requirements of carnivorous fish and shellfish, making it an essential component in sustainable aquaculture practices.
Blood Meal for Aquafeed Market Dynamics
Drivers
- Improved Feed Conversion Ratio
The inclusion of blood meal in aquafeed significantly enhances feed conversion ratios (FCR), making it a crucial driver for market growth. FCR measures the efficiency with which fish and shrimp convert feed into body mass. Blood meal, rich in essential amino acids and high-quality protein, promotes faster growth rates, allowing aquaculture producers to optimize their feeding strategies. This efficiency reduces feed costs and shortens production cycles, ultimately increasing profitability. As aquaculture expands to meet rising seafood demand, the effectiveness of blood meal in improving FCR positions it as a preferred ingredient, driving its adoption in the aquafeed market. For instance, In January 2020, Sanimax launched a new line of animal proteins, including blood meal sourced from both ruminant and non-ruminant animals. This introduction reflects Sanimax’s commitment to providing diverse protein options for the animal feed industry. By expanding their product offerings, Sanimax aims to cater to varying nutritional needs, enhancing the overall quality and sustainability of animal diets.
- Rising Aquaculture Demand
The global demand for seafood is experiencing significant growth due to increasing consumer awareness of health benefits and dietary preferences. As populations rise and more individuals seek sustainable protein sources, aquaculture is expanding rapidly to meet this demand. This growth necessitates the use of high-quality feed ingredients to ensure optimal fish health and growth rates. Blood meal, with its rich protein content and amino acid profile, is becoming a preferred choice for aquafeed manufacturers. Its ability to enhance feed conversion efficiency and promote faster growth further solidifies its role in supporting sustainable aquaculture practices, driving the overall market for blood meal in aquafeed. For instance, In October 2023, Hamlet Protein has launched an innovative blood meal product specifically designed for aqua feed. This new formulation aims to enhance fish growth while promoting sustainability in aquaculture. By focusing on the nutritional needs of aquatic species, Hamlet Protein seeks to address both performance and environmental concerns, making their product a valuable addition to sustainable fish farming practices.
Opportunities
- Advancement in Technology
Innovations in processing and preservation techniques are significantly enhancing the quality and stability of blood meal, making it an increasingly attractive option for aquafeed manufacturers. Advanced methods, such as enzymatic hydrolysis and spray drying, improve the digestibility and nutrient profile of blood meal, ensuring optimal absorption by aquatic species. Additionally, improved preservation techniques extend shelf life and reduce spoilage, allowing for more efficient storage and transportation. These advancements not only elevate the nutritional value of blood meal but also align with the industry's growing demand for sustainable and high-quality feed ingredients, thereby driving market growth in the aquaculture sector.
- Rising Health Benefits
Blood meal significantly enhances the immune response of aquatic species, which is crucial for maintaining their overall health. Its rich protein content and bioactive compounds promote better growth and resilience against diseases. By incorporating blood meal into aquafeed, producers can achieve improved survival rates and reduce reliance on antibiotics, aligning with modern aquaculture practices focused on sustainability and health. As awareness grows regarding the importance of fish health and disease management, aquaculture producers are increasingly turning to blood meal as a key ingredient. This trend not only supports healthier fish populations but also drives the demand for blood meal in the aquafeed market.
Restraints/Challenges
- Competition from Alternatives
The blood meal market for aquafeed faces significant challenges due to the rise of plant-based protein sources and synthetic alternatives. As aquaculture companies increasingly prioritize sustainability and cost-effectiveness, these alternatives become more appealing. Plant-based proteins, such as soy and peas, offer comparable nutritional benefits without the ethical concerns associated with animal by-products. Additionally, advancements in synthetic biology have led to the development of lab-grown proteins, further diversifying options for feed formulation. This shift not only threatens the demand for blood meal but also forces suppliers to compete on price and sustainability, hindering the growth of the blood meal market in the aquafeed sector.
- Quality Control Issues
Quality control remains a significant challenge in the blood meal market for aquafeed. Variability in processing methods and the source of animal by-products can lead to inconsistent nutritional profiles. This inconsistency directly impacts the feed performance, as different batches may vary in protein content, amino acid composition, and digestibility. Such fluctuations create uncertainty for aquaculture producers, who rely on precise formulations to optimize fish health and growth rates. Consequently, these quality control issues hinder the market's growth potential, as inconsistent products may lead to decreased trust and lower adoption rates among feed manufacturers and aquaculture operations.
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
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Expected Impact of Economic Slowdown on the Pricing and Availability of Products
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Blood Meal for Aquafeed Market Scope
The market is segmented on the basis of source 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
Process
- Solar Drying
- Drum Drying
- Ring and Flash Drying
- Spray Drying
Blood Meal for Aquafeed Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, source 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.
Asia-Pacific is expected to dominate the blood meal for aquafeed market due to rising demand for animal-source food and advancements in agriculture. Emerging economies in the region are driving this growth, fueled by increased aquaculture production and the adoption of innovative feeding practices, enhancing overall sustainability and nutritional quality in aquafeed formulations.
North America is expected to show lucrative growth in the blood meal for aquafeed market, driven by the rising demand for protein-rich aquaculture feed. The growing population's appetite for seafood, coupled with increased awareness of sustainable and nutritious feed options, is propelling investments in blood meal as a key ingredient for aquafeed formulations.
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 like 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.
Blood Meal for Aquafeed Market Share
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.
Blood Meal for Aquafeed Market Leaders Operating in the Market Are:
- Terramar GmbH (Germany)
- WCRL (U.S.)
- Valley Proteins, Inc. (U.S.)
- Ridley Corporation Limited (Australia)
- DuPont (U.S.)
- Natural Remedies (India)
- DSM (Netherlands)
- Synthite Industries Ltd. (India)
- Kemin Industries, Inc. (U.S.)
- Allanasons Pvt Ltd (India)
- The Boyer Valley Company, Inc. (U.S.)
- AB „Fasa“(Lithuania)
- Sanimax (Canada)
- Schneider Electric (France)
- Apelsa Guadalajara (Mexico)
- The Fertrell Company (U.S.)
- Agro-industrial Complex Backa Topola LTD (Serbia)
- Darling Ingredients (U.S.)
Latest Developments in Blood Meal for Aquafeed Market
- In May 2022, Darling Ingredients made a strategic acquisition of Fasa Group for USD 560 million, a move aimed at expanding its geographical footprint and diversifying its product range in the global blood meal market. This acquisition enables Darling to leverage Fasa's capabilities, enhancing its offerings and positioning the company to better serve the growing demand for high-quality animal feed ingredients
- In January 2020, In a significant investment strategy, Darling Ingredients acquired 100% equity in EnviroFlight, focusing on innovative specialty proteins and feed sustainability. This acquisition underscores Darling’s commitment to advancing sustainable practices in animal nutrition. By enhancing its portfolio, the company aims to meet the increasing global demand for alternative protein sources and improve overall feed quality
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