Blood Meal Market: Global Industry Analysis by Market Share, Trend, Size, Competitive Landscape, Regional Outlook and Forecast (2024-2030)

Global Blood Meal Market size was valued at USD 2.27 Bn in 2023 and is expected to reach USD 2.90 Bn by 2030, at a CAGR of 3.53 %.
Blood Meal Market Overview
Blood meal is a high-protein agricultural product derived from animal blood, typically from cattle or hogs. It serves as a valuable organic fertilizer and soil conditioner, supplying essential nutrients like nitrogen to plants. Its application in agriculture enhances soil fertility, promotes healthy plant growth, and aids in the production of vibrant blooms and robust crops. End users range from small-scale gardeners to large-scale agricultural operations, seeking sustainable and nutrient-rich solutions for plant cultivation. Key players in the blood meal market include companies specializing in animal processing, organic fertilizers, and agricultural inputs. With growing awareness of organic farming practices and sustainable agriculture, the demand for blood meal is expected to rise, driven by its efficacy, eco-friendliness, and suitability for various crops and soil types.

The major factors behind the growth of the global market are the rise in disposable incomes, urbanization, and increased demand for animal proteins, increase in demand for aquaculture products and growth in feed production. Further, the increasing use of blood meal ensures safe and nutritious feed for animals is also boosting the global market.To know about the Research Methodology:-Request Free Sample Report
Blood Meal Market Dynamics
Increasing Demand in Animal Feed Industry to Drive the Market Growth

The primary growth driver for the blood meal market is the rising demand within the animal feed industry. Blood meal serves as a valuable source of protein, essential amino acids, and nutrients for livestock, poultry, and aquaculture. With the growing population and rising demand for animal-derived products worldwide, there's a heightened need for high-quality feed ingredients to support optimal animal growth, health, and productivity. Blood meal's rich nutrient profile makes it an attractive choice for feed manufacturers looking to enhance the nutritional value of their products. Additionally, as consumers become more conscious about the quality of meat and dairy products, there's a greater emphasis on feeding animals with nutritious diets, further driving the demand for blood meal in the animal feed sector.The increasing demand for poultry meat directly impacts the blood meal market growth as blood meal is a valuable protein-rich ingredient in poultry feed formulations. With the rising production of poultry meat to meet consumer demand, there's a parallel surge in the need for nutritious feed additives like blood meal. This demand drives the growth of the blood meal market, particularly in regions with significant poultry farming industries. As poultry production expands globally, the demand for blood meal as a feed ingredient is expected to continue growing, contributing to the overall market growth trajectory.

Expansion in Organic Fertilizer Applications to Boost the Market

Blood meal, being a natural byproduct of the meat industry, is rich in nitrogen, a vital nutrient for plant growth. Another key growth driver for the blood meal market is the increasing adoption of organic farming practices and the rising demand for organic fertilizers. As organic farming gains traction globally due to concerns over chemical residues in conventional farming, there’s a growing need for organic fertilizers such as blood meal. Organic farmers prefer blood meal for its high nitrogen content, which supports healthy plant growth and improves soil fertility without relying on synthetic chemicals. Moreover, blood meal’s slow-release nitrogen properties make it an ideal choice for sustainable agriculture practices, contributing to its popularity among organic farmers seeking environmentally friendly fertilizer options.

Growing Applications in Industrial and Pharmaceutical Sectors 

The blood meal market is experiencing significant growth due to its expanding applications in various industrial and pharmaceutical sectors. Blood meal contains valuable proteins, amino acids, and other bioactive compounds that find applications in diverse industries such as cosmetics, pharmaceuticals, and biotechnology. In the cosmetic industry, blood meal-derived proteins are used in skin care products for their moisturizing and anti-aging properties. In pharmaceuticals, blood meal serves as a source of protein for manufacturing therapeutic drugs, supplements, and medical devices. Additionally, the biotechnology sector utilizes blood meal for cell culture media and research purposes. The versatility of blood meal as a source of high-quality proteins and bioactive compounds makes it a valuable ingredient across multiple industrial sectors, driving its demand and market growth.

In the dynamic landscape of the blood meal market, where demand surges with the rise in organic farming and animal feed industries, there exists a significant restraining factor: regulatory challenges. Despite its rich nutrient profile and diverse applications, blood meal faces stringent regulations, particularly concerning its sourcing and processing. One major concern revolves around the risk of disease transmission. Regulatory bodies impose strict guidelines to ensure that blood meal is sourced from healthy animals and processed under hygienic conditions to mitigate the potential transmission of pathogens. Compliance with these regulations demands substantial investments in quality control measures and adherence to rigorous standards, which can elevate production costs significantly.

Environmental regulations add another layer of complexity. Proper disposal of blood and wastewater generated during processing is essential to prevent environmental pollution. Compliance with wastewater treatment standards and waste management protocols necessitates additional resources and infrastructure, further impacting the operational efficiency and cost-effectiveness of blood meal production.

Blood Meal Market Opportunities: 

Enhanced Sustainability Initiatives: As global awareness of sustainable practices continues to soar, the blood meal market stands at the forefront of eco-friendly solutions. Blood meal, derived from animal blood, offers a renewable and biodegradable resource for various industries, including agriculture and aquaculture. With rising concerns over environmental degradation and the need for sustainable alternatives to synthetic fertilizers and animal feed, blood meal presents a compelling opportunity. Its rich nutrient content, including high levels of nitrogen, makes it an attractive organic fertilizer and protein supplement for livestock and fish. By harnessing the potential of blood meal, businesses can align with consumer demand for environmentally conscious products while contributing to the circular economy.

Innovative Applications in Biomedical Research: Blood meal's unique biochemical properties are opening new avenues in biomedical research and pharmaceutical applications. From tissue culture media to biopharmaceutical production, blood meal offers a versatile solution for various research and development purposes. This presents an exciting opportunity for blood meal suppliers to collaborate with the healthcare sector and explore innovative applications and is expected to boost the Blood Meal Market.

Market Penetration in Emerging Economies: Emerging economies are witnessing rapid urbanization and industrialization, leading to a surge in demand for protein-rich food products. Blood meal, with its cost-effectiveness and nutritional value, holds immense potential in these markets. By leveraging strategic partnerships and distribution networks, blood meal manufacturers can tap into the burgeoning demand from emerging economies and establish a strong foothold in these regions.
Blood Meal Market Segment Analysis
By Process:

Based on process, the Blood Meal market is segmented into solar drying, drum drying, ring and flash drying, and spray drying, with the ring and flash drying category yielding the highest revenue in 2023. This process involves subjecting blood to a hot drying airstream and subsequent evaporation. The product undergoes further drying upon conveyance through the drying column. Ring-dried blood meal typically boasts a higher total volume content and superior nutritional quality in terms of amino acids.

By Application:

The organic fertilizers segment of the Blood Meal Market is poised for significant growth during the forecast period, primarily driven by heightened consumer awareness of food safety and environmental sustainability globally. Blood meal's increasing popularity in agriculture, attributed to its nitrogen-rich composition essential for plant growth, fuels this trend. Also, major governments and regulatory bodies are introducing favorable policies and certifications to bolster organic farming practices, advocating the use of organic inputs like blood meal. These initiatives are anticipated to positively impact segment market growth shortly. With a growing emphasis on sustainable agriculture, the demand for organic fertilizers is expected to soar, further propelling the expansion of the organic fertilizers segment.By Source:

Regarding sources, segmentation includes poultry blood, porcine blood, and ruminant blood, with the poultry blood segment leading due to the rising consumption of poultry meat in developing nations. Poultry blood is preferred for its rich amino acid content, particularly lysine, sourced mainly from slaughterhouses and processed in poultry processing plants.
Blood Meal Market Regional Insight
North America dominated the largest Blood Meal Market share in 2023. This growth is attributed to the heightened consumption of various livestock products, particularly meat, and the presence of a robust animal feed sector. The region's emphasis on research and development in agriculture and organic farming practices is expected to unlock new application areas and formulation methods, driving overall regional market growth. For instance, the United States' per capita consumption of broiler meat was approximately 98.9 pounds in 2022 and around 100.1 pounds in 2023. Meanwhile, the Asia Pacific region is poised for rapid growth, driven by ongoing expansion and manufacturing capabilities establishment in key countries. Additionally, government initiatives promoting specified feed ingredients contribute to this growth trajectory.

The Asia Pacific blood meal market is experiencing significant growth attributed to the rising demand for protein-rich animal feed ingredients. Countries like China and India are key contributors due to their large livestock populations and increasing awareness about animal nutrition. Additionally, the expanding aquaculture sector in countries like Indonesia and Vietnam further drives market growth. Government initiatives promoting sustainable agricultural practices also boost the adoption of blood meal as an organic fertilizer. Furthermore, the burgeoning pet food industry in the region presents new opportunities for market expansion.

However, challenges such as stringent regulations regarding the use of animal by-products in feed and concerns regarding diseases like avian influenza may hinder market growth. The Asia Pacific blood meal market is poised for steady growth, driven by increasing demand from various end-user industries. In total, 5,000 shipments of blood meal were exported globally by 437 exporters to 372 buyers. Thailand, Vietnam, and the United States are the primary importers. India leads with 2,080 shipments, trailed by New Zealand with 550, and Brazil with 539 shipments. These figures highlight significant international trade in blood meal, with India being the largest exporter, followed by New Zealand and Brazil.

Key Highlights:

Global Blood Meal Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Blood Meal Market

Global Blood Meal Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Blood Meal Market are also profiled.
Blood Meal Market Scope: Inquire before buying



Blood Meal Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 2.275 Bn.


Forecast Period 2024 to 2030 CAGR:
3.53%
Market Size in 2030:
US $ 2.90 Bn.


 Segments Covered:
by Source
Poultry
Porcine
Ruminant


by Process
Solar Drying
Drum Drying
Ring & Flash Drying
Spray Drying


by Application
Poultry Feed
Porcine Feed
Ruminant Feed
Aqua feed
Organic Fertilizer
Others



Blood Meal Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
North America
1. TerraMar Ingredients LLC (USA)
2. West Coast Reduction Ltd. (Canada)
3. Valley Proteins Inc. (USA)
4. The Boyer Valley Company (USA)
5. Sanimax (Canada)
6. APC, Inc. (USA)
7. Apelsa Guadalajara (Mexico)
8. Boyer Valley Company, LLC (USA)
9. The Fertrell Company (USA)
10. Darling Ingredients (USA)

APAC
11. Ridley Corporation Limited (Australia)
12. Allanasons Pvt Ltd (India)
13. Others

Europe
14. GROWFERT ITALIA SRL (Italy)
15. agrobull for nature (Turkey)
16. PROHINOSA AGRO (Spain)
17. Melis Fertilizer Inc. (Turkey)
18. Agro-industrial Complex Backa Topola LTD. (Serbia)
South America
19. FASA Group (Argentina)
20. Bar-Magen Ltd. (Israel)
21. FERTIVAL (Portugal)

Frequently Asked Questions:
1] What is the growth rate of the Global Blood Meal Market?
Ans. The Global Blood Meal Market is growing at a significant rate of 3.53 % during the forecast period.

2] Which region is expected to dominate the Global Blood Meal Market?
Ans. North America is expected to dominate the Blood Meal Market during the forecast period.

3] What is the expected Global Blood Meal Market size by 2030?
Ans. The Blood Meal Market size is expected to reach USD 2.90 Bn by 2030.

4] Which are the top players in the Global Blood Meal Market?
Ans. The major top players in the Global Blood Meal Market are TerraMar Ingredients LLC (USA), West Coast Reduction Ltd. and others.

5] What are the factors driving the Global Blood Meal Market growth?
Ans. The rising demand for high-protein animal feed, particularly in the livestock and aquaculture industries, is a significant driver of Blood Meal Market growth. Blood meal serves as a valuable source of protein in feed formulations.

6] Which country held the largest Global Blood Meal Market share in 2023?
Ans. The United States held the largest Blood Meal Market share in 2023.