Market Forecast
Blood Meal Market is expected to cross USD 2.1 Billion by 2025 at a CAGR of 3.0% during the forecast period of 2019 to 2025. In the current market scenario, blood meal is sourced from the blood of animals such as cattle or hogs from slaughterhouses. The demand for animal-based products remains high in emerging economies, resulting in the large-scale slaughter of animals. Thus, a large amount of blood is released from animals, creating opportunities for blood meal manufacturers. In addition, blood meal acts as a high source of protein and is, thus, mainly used as a dietary supplement for cattle, fish, and poultry. The rise in the consumption of protein-rich foods across the globe is projected to drive the growth of the blood meal market forecast during the forecast period.
Market USP
Increasing awareness about organic blood meal fertilizers
Growth Opportunities in the Market
- Rising demand for organic fertilizers: The adoption of organic farming practices is increasing around the world due to rising awareness among consumers about the harmful effects of chemicals in the form of fertilizers used in conventional farming. Additionally, farmers are looking for new products and methods to increase yield during organic cultivation. The nitrogen, phosphorus, and potassium (NPK) index of blood meal is N=13.25%, P=1.0%, and K=0.6%, making blood meal one of the highest non-synthetic sources of nitrogen. The use of blood meal is permitted in certified organic production as a soil amendment. Blood meal is also used as a composting activator.
- Growth of e-commerce platforms: While store-based distribution channels dominated the market for blood meal in 2018, the growth of e-commerce platforms is expected to result in the non-store-based distribution channel segment registering the higher CAGR. This growth can be attributed to the convenience and delivery offered by e-commerce platforms. Manufacturers of blood meal have adopted this sales channel by offering their products through their websites and established e-commerce portals.
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Key Players
- Darling Ingredients Inc. (US)
- Terramar Chile SpA. (Chile)
- West Coast Reduction Ltd. (Canada)
- Valley Proteins Inc. (US)
- Ridley Corporation Limited (Australia)
- Allanasons Pvt Ltd (India)
- The Boyer Valley Company (US)
- FASA Group (Brazil)
- Sanimax (US)
- APC, Inc. (US)
- Apelsa Guadalajara SA de CV (Mexico)
- Agro-industrial Complex Bačka Topola LTD (Serbia)
- The Jobe's Company (US)
- Danone India (Nutricia) (India)
- Integrative Therapeutics (US)
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Blood meal is produced by drying animal blood and that blood is collected from animals which are killed.
The blood meal is inert and dry powder used for numerous applications.The Blood Meal for Aquafeed market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in Blood Meal for Aquafeed industry regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market.
To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.Increasing production of feed is the vital factor escalating the market growth, also rising demand of meat products in developing economies, growing awareness among the people regarding protein supplements, rising urbanization and increasing demand of livestock product are the major factors among others driving the growth of blood meal for aquafeed market.
Moreover, increasing demand of nutritional supplements for monogastric animals will further create new opportunities for blood meal for aquafeed market in the forecast period of 2020- 2027.Ask For Sample Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-blood-meal-for-aquafeed-marketMajor Players Covered in this report are: 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 Bačka Topola LTD, Darling Ingredients IncMarket Segmentation:On the basis of source, the blood meal market is segmented into porcine blood, poultry blood, and ruminant bloodBased on the process, the blood meal market is segmented into solar drying, drum drying, ring and flash drying, and spray dryingThe report encompasses an overview and examination of the major companies operating within the industry which are considered to be revenue drivers for the global Blood Meal for Aquafeed market.
The report conveys thorough information regarding the market’s major competitors as well as currently emerging organizations that hold considerable shareholdings in the Blood Meal for Aquafeed market on the basis of sales, revenue, demand, superior products manufacturers, and satisfactory services providers.Browse Full Report@ https://www.databridgemarketresearch.com/reports/global-blood-meal-for-aquafeed-marketTable of Contents:1 Introduction1.1 Objectives Of The Study1.2 Market Definition1.3 Overview Of The Global Blood Meal for Aquafeed Market1.4 Currency And Pricing1.5 Limitations1.6 Markets Covered2 Market Segmentation2.1 Markets Covered2.2 Geographical Scope2.3 Years Considered For The Study2.4 Dbmr Data Validation Model2.5 Primary Interviews With Key Opinion Leaders2.6 Dbmr Market Position Grid2.7 Vendor Share Analysis2.9 Product Timeline Curve2.10 Secondary Sources2.11 Assumptions3 Executive Summary4 Premium Insights4.1 Use Case Analysis4.2 Porter’s Five Forces Analysis5 Impact Of Covid-19 On The Global Blood Meal for Aquafeed Market5.1 Analysis On Impact Of Covid-19 On The Market5.2 Aftermath Of Covid-19 And Government Initiative To Boost The Market5.3 Strategic Decisions For Manufacturers After Covid-19 To Gain Competitive Market Share5.4 Impact On Demand5.5 Impact On Supply Chain5.6 Impact On Price5.7 Conclusion6 Global Blood Meal for Aquafeed Market: Company Landscape6.1 Company Share Analysis: Global6.2 Company Share Analysis: North America6.3 Company Share Analysis: Europe6.4 Company Share Analysis: Asia-Pacific7 Swot AnalysisFor Any Specific Requirement, Speak To our Analyst @ https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-blood-meal-for-aquafeed-marketWHY CHOOSE USIndustry CoverageDBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.Regional CoverageCoverage of Data Bridge is not restricted to developed or emerging economies.
We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.Technology CoverageIn today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry.
