Global Blood Meal Market, By Source (Porcine Blood, Poultry Blood, Ruminant Blood), Application (Porcine Feed, Poultry Feed, Ruminant Feed, Aqua Feed), Process (Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Blood Meal Market
The blood meal market is expected to witness market growth at a rate of 3.5% in the forecast period of 2021 to 2028 and is expected to reach USD 2.17 billion by 2028. Data Bridge Market Research report on blood meal market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need of meat products in developing economies is escalating the growth of blood meal market.
The blood meal is known to be an inert and dry powder that is made by drying the animal blood, which is collected from animals that are killed and utilized for several applications. Blood Meal is utilized as a protein source for animal feed and is one of many ingredients that a nutritionist will use to formulate a complete feed.
Major factors that are expected to boost the growth of the growth of the blood meal market in the forecast period are the rise in the manufacturing of the feed. Furthermore, the increasing inclination towards aquaculture products is further anticipated to propel the growth of the blood meal market. Moreover, the increase in the urbanization and the rise in the need of livestock product is further estimated to cushion the growth of blood meal market. On the other hand, the rise in the raw material is further projected to impede the growth of the blood meal market in the timeline period.
In addition, the growing need for nutritional supplements for monogastric animals will further provide potential opportunities for the growth of the blood meal market in the coming years. However, the strict regulatory framework might further challenge the growth of the blood meal market in the near future.
This blood meal market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 blood meal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blood Meal Market Scope and Market Size
The blood meal market is segmented on the basis of source, application, and process. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the blood meal market is segmented into porcine blood, poultry blood, and ruminant blood.
- On the basis of application, the blood meal market is segmented into porcine feed, poultry feed, ruminant feed, and aqua feed.
- On the basis of process, the blood meal market is segmented into solar drying, drum drying, ring and flash drying, and spray drying.
Blood Meal Market Country Level Analysis
The blood meal market is analysed and market size, volume information is provided by country, species, lifecycle, and form as referenced above.
The countries covered in the blood meal market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the blood meal market due to the rise in the need for organic products. Furthermore, the growing consumption of livestock products including eggs, meat, and milk will further boost the growth of the blood meal market in the region during the forecast period. East Asia is projected to observe significant amount of growth in the blood meal market due to the rise in the manufacturing and the consumption of several animal-based products. Moreover, the occurrence of major key players is further anticipated to propel the growth of the blood meal market in the region in the coming years.
The country section of the blood meal market 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Market Share Analysis
The blood meal 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 market.
The major players covered in the blood meal market report are Darling Ingredients Inc., Terramar, West Coast Reduction Ltd., Valley Proteins, Inc., Ridley Corporation Limited, Allanasons Pvt Ltd, The Boyer Valley Company, Inc., FASA, Sanimax Industries Inc., APC Company, Inc., Apelsa Guadalajara, The Fertrell Company, Agro-industrial Complex Backa Topola LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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