Blood Meal Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.45 Billion |
| Market Size (2029) | USD 2.97 Billion |
| CAGR (2024 - 2029) | 3.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Blood Meal Market Analysis
The Blood Meal Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 2.97 billion by 2029, at a CAGR of 3.9% during the forecast period (2024-2029).
- The blood meal market is essential in organic fertilizer and animal feed industries, driven by its high nitrogen content for organic farming and protein-rich profile for animal feed supplements. In agriculture, blood meal serves as a natural fertilizer, particularly in regions emphasizing organic farming. The global trend towards sustainable farming and organic food consumption has significantly increased blood meal demand. According to Research Institute of Organic Agriculture reports the area under organic farming expanded from 74.7 million hectares in 2020 to 96.4 million hectares in 2022, indicating a growing market for organic fertilizers including blood meal.
- In the animal feed sector, blood meal is valued for its high protein content, enhancing livestock growth and nutrition. It is primarily used in poultry, pig, and fish feeds. The demand for high-quality animal protein is rising globally, especially in Asia-Pacific and Latin America, leading to increased use of blood meal in animal nutrition. For instance, According to the Ministry of Fisheries, Animal Husbandry & Dairying, India's annual meat production growth rate reached 5.13% in 2023, a substantial increase from 2.3% in 2021. Thus, an increase in the production of meat further drives demand for feed during the forecast period.
- The stringent regulatory framework may impact the global blood meal market's growth. Regulations are anticipated to become more rigorous, focusing on animal welfare and environmental sustainability. However, emerging economies are investing heavily in agriculture to meet the growing demand for animal-based products. The diverse applications of blood meal in agriculture, both as feed and fertilizer, are projected to drive demand market during the forecast period.
Blood Meal Market Trends
Growing Demand for Animal Meat
- The global blood meal market is being driven by the surging demand for animal meat, due to blood meal's significance as a high-protein component in animal feed. With rising meat consumption worldwide, particularly in developing regions like Asia-Pacific and Latin America, the livestock industry is witnessing rapid expansion. Blood meal, boasting a protein content of up to 90% and enriched with amino acids such as Lysine (offering a distinct advantage over plant-based proteins that have lower lysine content), plays a pivotal role in enhancing feed efficiency and accelerating growth in poultry, swine, and aquaculture.
- Additionally, urbanization and rising incomes are fueling a global increase in meat consumption, leading to a robust demand for efficient feed ingredients like blood meal. For instance, poultry meat consumption rose from 133.2 million metric tons in 2020 to 139.7 million metric tons in 2023. Similarly, according to the Food and Agriculture Organization (FAO), global fish production hit a record 186.6 million metric tons in 2023, marking a 4.9% increase from 2020. The rising demand for animal meat and related products has led to increased animal slaughtering, opening new avenues for blood meal manufacturers. As a natural source of high-quality protein and essential nutrients, blood meals are poised to gain traction, driven by the growing demand for natural feed ingredients.
Asia Pacific is the Fastest Growing Market
- The Asia Pacific is the fastest-growing region in the blood meal industry. This expansion is driven by increasing demand for livestock and aquaculture production. China, India, Vietnam, and Thailand are key contributors to this growth, with rapidly expanding agricultural sectors. For instance, China, the world's largest pork producer, reported pork production of 57.94 million metric tons in 2023, according to the National Bureau of Statistics China. This production increase has increased demand for nutrient-rich feed ingredients like blood meal, valued for its high protein content and ability to support rapid growth, particularly in response to challenges such as African Swine Fever.
- Aquaculture in countries like Vietnam and Indonesia has also seen substantial growth. Between 2018 and 2023, aquaculture production in the region increased by 31%, from 4.1 million metric tons to 5.4 million metric tons. A blood meal is widely used as a protein source in fish feed to improve productivity and meet export demands. The growth in aquaculture production has led to increased demand for blood meal, due to its cost-effectiveness compared to alternatives such as soybean meal and fishmeal.
- Blood meal is increasingly utilized as a high-nitrogen organic fertilizer in agriculture. The rising trend towards organic farming in the region supports this shift, particularly in developed markets like Australia and Japan. According to the Research Institute of Organic Agriculture, in 2023, Australia accounted for over 35 million hectares of organic agricultural land. Farmers in these markets are using blood meal to enhance soil fertility without depending on chemical fertilizers, further driving demand.
Blood Meal Industry Overview
The global bone meal market has consolidation, with both domestic and international companies. Major players in the market include Boyer Valley Company LLC, The Fertrell Company, and Darling Ingredients. More companies are investing in the market due to increasing opportunities. Companies are focusing on research and development, acquiring their competitors, and promoting bone meal products to improve their market position.
Blood Meal Market Leaders
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Boyer Valley Company, LLC.
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The Fertrell Company
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West Coast Reduction Ltd
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Terramar Chile
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Darling Ingredients
*Disclaimer: Major Players sorted in no particular order
Blood Meal Market News
- May 2022: Darling Ingredients acquired Fasa Group for USD 560 million to expand its geographical presence and new product offerings in the global blood meal market.
- May 2022: Darling Ingredients Inc. completed the acquisition of Valley Proteins, a major independent rendering company in the United States, for USD 1.1 billion. This acquisition strengthened Darling Ingredients' core business operations.
Blood Meal Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Blood Meal in Animal Feed Formulations
4.2.2 Growing Demand for Animal Meat
4.2.3 Demand for organic and sustainable agricultural practices
4.3 Market Restraints
4.3.1 Regulatory Restrictions and Disease Control
4.3.2 Challenges in the Supply Chain of Blood Meal
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Source
5.1.1 Porcine Blood
5.1.2 Poultry Blood
5.1.3 Ruminant Blood
5.2 Application
5.2.1 Poultry Feed
5.2.2 Porcine Feed
5.2.3 Ruminant Feed
5.2.4 Aqua Feed
5.2.5 Natural Pest Deterrent
5.2.6 Organic Fertilizer
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Rest of the Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of the Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Boyer Valley Company, LLC
6.3.2 Ridley Corporation
6.3.3 The Fetrell Company
6.3.4 Terramar Chile
6.3.5 Darling Ingredients
6.3.6 West Coast Reduction Ltd
6.3.7 Apelsa Guadalajara
6.3.8 Sanimax
6.3.9 Allanasons Pvt Ltd
6.3.10 APC, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blood Meal Industry Segmentation
A blood meal is a dry, powdered byproduct made from the blood of slaughtered animals, used as a high-nitrogen fertilizer and animal feed supplement.
The blood meal market is segmented by source (porcine blood, poultry blood, and ruminant blood), application (poultry feed, porcine feed, ruminant feed, aqua feed, natural pest deterrent, and organic fertilizer), and geography (North America, Europe, Asia-Pacific, South America, and Africa).
The report offers market size and forecasts for a blood meal in terms of value (USD) for all the above segments.
| Source | |
| Porcine Blood | |
| Poultry Blood | |
| Ruminant Blood |
| Application | |
| Poultry Feed | |
| Porcine Feed | |
| Ruminant Feed | |
| Aqua Feed | |
| Natural Pest Deterrent | |
| Organic Fertilizer |
| Geography | ||||||||
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Blood Meal Market Research FAQs
How big is the Blood Meal Market?
The Blood Meal Market size is expected to reach USD 2.45 billion in 2024 and grow at a CAGR of 3.9% to reach USD 2.97 billion by 2029.
What is the current Blood Meal Market size?
In 2024, the Blood Meal Market size is expected to reach USD 2.45 billion.
Who are the key players in Blood Meal Market?
Boyer Valley Company, LLC., The Fertrell Company, West Coast Reduction Ltd, Terramar Chile and Darling Ingredients are the major companies operating in the Blood Meal Market.
Which is the fastest growing region in Blood Meal Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Blood Meal Market?
In 2024, the North America accounts for the largest market share in Blood Meal Market.
What years does this Blood Meal Market cover, and what was the market size in 2023?
In 2023, the Blood Meal Market size was estimated at USD 2.35 billion. The report covers the Blood Meal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Blood Meal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Blood Meal Industry Report
Statistics for the 2024 Blood Meal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blood Meal analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
