How Has the Blood Meal Market Evolved Historically and What is its Current Size?
The blood meal market has seen considerable growth due to a variety of factors.
•The market size of the blood meal sector has experienced steady growth in previous durations. The market is expected to increase from $2.06 billion in 2024 to $2.13 billion in 2025, marking a compound annual growth rate (CAGR) of 3.6%.
This growth in the past period can be linked to several factors including the expansion of the animal feed industry, increased meat and poultry production, efficient nutrient sourcing, utilization of waste in abattoirs, and production of organic fertilizers.
What is the Forecasted Market Size and CAGR for the Blood Meal Market?
The blood meal market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the blood meal market size to experience consistent expansion in the coming years. The value is expected to elevate to "$2.48 billion by 2029, showing a compound annual growth rate (CAGR) of 3.8%.
The projected growth during this period can be linked to the burgeoning aquaculture sector, the upsurge in insect farming, the global population increase, the utilization in biomedical research, and the market growth for organic goods. Key trends anticipated throughout this forecast period are technological progression in processing, exploration and technological advancements in animal feed, scientific studies on blood meal-based biostimulants, organic and non-GMO movements, along with the creation of hydrolyzed blood meal.
What Key Factors and Trends are Driving the Growth of the Blood Meal Market?
The escalating consumption of animal meat is projected to fuel the expansion of the blood meal market. Animal meat implies the edible parts or the flesh of domestic or edible animals like cattle, swine, sheep, fish, and birds which are used as a source of food. Blood meal is a co-product obtained from the slaughter of these animals that's used as a nutritional supplement for farm animals such as poultry, fish, and cattle. This supplement is high in protein content and contains limited amounts of phosphorus and potassium, making it an efficient animal feed additive. For instance, in July 2024, Carlisle Technology, a U.S. company offering software and hardware services in the food sector, predicted that chicken intake currently at 98.90 lbs per individual would escalate to 107.50 lbs by 2033, largely due to its cost-effectiveness and health-related advantages. In 2022, American per capita consumption of broiler chicken was at 98.90 lbs, which is expected to significantly increase by 2033. Additionally, global poultry meat consumption is anticipated to hit 154 metric tons during the forecast period, representing almost half of the increased meat intake. Consequently, this heightened demand for animal meat is propelling the rise of the blood meal market.
What are the Market Segments in the Blood Meal Market?
The blood meal market covered in this report is segmented –
1) By Source: Porcine Blood, Poultry Blood, Ruminant Blood
2) By Process: Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying
3) By Application: Animal Feed, Agriculture, Other Applications
Subsegments:
1) By Porcine Blood: Dried Porcine Blood Meal, Liquid Porcine Blood
2) By Poultry Blood: Dried Poultry Blood Meal, Liquid Poultry Blood
3) By Ruminant Blood: Dried Ruminant Blood Meal, Liquid Ruminant Blood
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What Trends are Shaping the Blood Meal Market?
Top-tier establishments in the blood meal market are innovating and creating new pilot spray dryers to establish a stronger market position. Pilot spray dryers work as smaller versions of their industrial counterparts, turning liquid or slurry inputs into powdered or granulated products. For instance, the US food processing appliance company, RELCO LLC, introduced the Parvus pilot spray dryer in April 2023, purposed for various food-based applications. Two models of this system are accessible: the Parvus Nomad, a single-stage dryer ideal for sample batches and smaller production needs, and the Parvus Multi-Stage, designed for larger production volumes with its spacious design. The pilot spray dryer offers adaptability for preliminary testing and scalability, offering the possibility of integrating it with other pilot technology for comprehensive planning. Similar to large-scale systems, it controls moisture and manipulates the powder but is intended for smaller scales and trial purposes. Convenience in setting up and disassembling along with a compact size that allows for space and transportation limitations, adds value to the system. This pilot spray dryer unlocks opportunities in markets with emerging demand like plant protein, fermentation, and collagen.
Who Are the Key Players in the Blood Meal Market?
Major companies operating in the blood meal market include:
• Boyer Valley Company LLC
• Terramar Chile SpA
• Darling Ingredients Inc.
• West Coast Reduction Ltd.
• Valley Proteins Inc.
• Sanimax APC Inc.
• The Fertrell Company
• Ridley Corporation Limited
• Allanasons Pvt. Ltd.
• FASA Group
• Apelsa Guadalajara S.A. de C.V.
• Bar-Magen Ltd.
• Agro-industrial Complex Backa Topola Ltd.
• APC Company Inc.
• Frigorifico Allana Private Limited
• Agridient Inc.
• Archer Daniels Midland Company
• Ag Processing Inc.
• Cargill Incorporated
• Coppens International B.V.
• Dinnissen Process Technology B.V.
• Duynie Group B.V.
• Fambrosa S.A.U.
• ForFarmers N.V.
• InVivo NSA
• The J.M. Smucker Company
• Land O'Lakes Inc.
• Nutreco Co. B.V.
• OJ Ingredients Ltd.
• Olmix Group
What are the Regional Insights into the Blood Meal Market?
North America was the largest region in the blood meal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood meal market during the forecast period. The regions covered in the blood meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
