Global Blood Meal for Swine Market, By Process (Solar Drying, Ring Drying, Drum Drying, Spray Drying), Application (Feed, Fertilizer) – Industry Trends and Forecast to 2029.
Blood Meal for Swine Market Analysis and Size
The agricultural sector has been under increasing strain to meet the rising demand for high-value blood meal for animal protein and fertilizers. Animal farmers and breeders are increasing their output to meet rising demand. This has increased the demand for blood meals, essential for improving animal growth and productivity.
Data Bridge Market Research analyses that the blood meal for swine market which was growing at a value of 2.16 billion in 2021 and is expected to reach the value of USD 2.90 billion by 2029, at a CAGR of 3.75% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Blood Meal for Swine Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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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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Process (Solar Drying, Ring Drying, Drum Drying, Spray Drying), Application (Feed, Fertilizer)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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 Inc. (U.S.), Nutreco (Netherlands), West Coast Reduction Ltd. (U.S.), Valley Proteins, Inc. (U.S.), Ridley Corporation Limited (Australia), Allanasons Pvt Ltd (India), FASA Group (Brazil), The Fertrell Company (U.S.), Sanimax (Canada), Allanasons Pvt Ltd., (India), Sanimax (Canada) and Apelsa Guadalajara and S.A. de C.V (Mexico)
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Opportunities
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Market Definition
The blood meal is an inert, dry powder made by drying slain animals' blood and used for a variety of purposes. Blood meal is a protein source for animal feed and one of several ingredients that a nutritionist will use to create a balanced meal. This finished product is nitrogen-rich and appropriate for organic farming. As blood is a perishable product, it is processed and collected during the slaughter of pigs, cattle, chickens, and other animals. Blood meal is a nitrogen-rich, organic fertilizer that provides minerals and nutrients to plants.
Blood Meal for Swine Market Dynamics
Drivers
- Growing demand for animal based products
Increased emphasis on animal health will also drive market growth. Increased cattle farming is likely to result in increased demand for animal feed. Humans' increasing demand for animal-based products will drive up market demand. Proponents of natural growth are expected to be active in the market as their momentum grows. Rising consumer awareness of the benefits of using feed additives to reduce disease has fuelled the market's demand.
- Increase in the demand for organic meat
Food safety concerns have increased the demand for high-quality feed to ensure meat safety. Another factor driving the growth of the swine feed market is the growing awareness among farm owners of the importance of maintaining a healthy pig diet. As a result, they are transitioning from standard swine feed to functional and premium variants that help improve the animals' immunity against enzootic diseases while also lowering the risk of metabolic disorders, acidosis, injuries, and infections.
Furthermore, an increase in demand for organic pig meat from developed-country consumers, as well as the implementation of new animal rearing practises and the maintenance of high farming standards, has created a positive outlook for the industry.
Opportunity
Increasing pork consumption in developing economies such as China, India, and Brazil is expected to drive global demand for the product. Furthermore, growth in aquaculture and aquaculture products is expected to fuel market growth over the forecasted period.
Restraints
High raw material prices, as well as an increasing number of restrictions and regulatory bans, will act as market restraints for the growth of blood meal for swine market during the forecast period. Less product awareness will act as a restraint further challenging the growth of the blood meal for swine market during the forecast period.
This blood meal for swine 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 blood meal for swine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Blood Meal for Swine Market
Agriculture and food production have been identified as critical sectors globally during the COVID-19 situation. As a result, farmers have continued to ensure that farm animals receive high-quality nutrition in order to feed an increasing number of global consumers. However, the supply chain disruption has become the most significant factor affecting the swine feed market. China is a major producer and exporter of swine feed, and it stockpiled significant amounts of product during the emergence of the COVID-19 situation while businesses were closed for the Lunar New Year, which was enough for 2-3 months’ supply. Furthermore, logistics issues have hampered the supply of containers and vessels and the transport of certain micro-ingredients.
Recent Development
- Cargill and BASF partnered in the animal nutrition business in October 2021, adding research and development capabilities and new markets to the partners' existing feed enzymes distribution agreements. This collaboration aided in developing, producing, marketing, and selling customer-focused enzyme products and solutions for animals, including swine.
- De Heus acquired Coppens Diervoeding, a feed manufacturing company based in the Netherlands that specialises in the pig farming sector, in July 2021. This acquisition enabled the company to double its production capacity and strengthen its regional presence by 400k.
- ADM opened a new livestock feed plant in Ha Nam province, Vietnam, in November 2019. The new facility adds to ADM's growing list of investments in Vietnam, becoming the company's fifth plant dedicated to animal nutrition in the country. The plant is
Global Blood Meal for Swine Market Scope
The blood meal for swine market is segmented on the basis of process, and application. 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.
Process
- Solar Drying
- Ring Drying
- Drum Drying
- Spray Drying
Application
- Feed
- Ruminant feed
- Porcine feed
- Poultry feed
- Aqua feed
- Others
- Fertilizer
- Natural pest deterrent
- Organic fertilizer
Blood Meal for Swine Market Regional Analysis/Insights
The blood meal for swine market is analysed and market size insights and trends are provided by country, process, and application as referenced above.
The countries covered in the blood meal for swine 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 region is the largest market for swine feed products due to the high consumption of pork meat. South East Asia is the world's largest pork producer and exporter, followed by Europe and North America. Pork meat has been consumed in the region since ancient times and is the most popular meat due to its high fat content and flavour.
China will flourish its dominance during the forecast period of 2022 to 2029 due to the highest consumption in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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.
Competitive Landscape and Blood Meal for Swine Market Share Analysis
The blood meal for swine 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 blood meal for swine market.
Some of the major players operating in the blood meal for swine market are:
- Darling Ingredients Inc. (U.S.)
- Nutreco (Netherlands)
- West Coast Reduction Ltd. (U.S.)
- Valley Proteins, Inc. (U.S.)
- Ridley Corporation Limited (Australia)
- Allanasons Pvt Ltd (India)
- FASA Group (Brazil)
- The Fertrell Company (U.S)
- Sanimax (Canada)
- Allanasons Pvt Ltd., (India)
- Sanimax (Canada)
- Apelsa Guadalajara
- S.A. de C.V (Mexico)
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