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Blood Meal Market Size (2024 - 2029)

The blood meal market is anticipated to experience moderate growth, driven by its dual role as a protein source for animal feed and an organic fertilizer. The increasing demand for animal-based products in emerging countries, spurred by urbanization, is expected to boost the market size. Despite potential challenges posed by a stringent regulatory environment focused on animal welfare and environmental sustainability, the market's expansion is supported by the versatile applications of blood meal in agriculture. The Asia-Pacific region is projected to lead in growth due to its substantial livestock population and agricultural capacity, making it a key area for market development.

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Market Size of Blood Meal Industry

Blood Meal Market Summary
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

Blood Meal Market 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 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
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of the Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of the Middle East & Africa
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Blood Meal Market Size Summary

The blood meal market is poised for moderate growth, driven by its dual role as a high-nitrogen ingredient in animal feed and as an organic fertilizer. This market is experiencing a rise in demand due to increasing urbanization and the growing need for animal-based products, particularly in emerging economies. The Asia-Pacific region is expected to lead in market expansion, supported by its substantial livestock population and agricultural capacity. However, the market's growth trajectory may be influenced by stringent regulatory frameworks focusing on animal welfare and environmental sustainability. The blood meal's rich amino acid profile, particularly its high lysine content, offers a competitive advantage over plant-based proteins, further bolstering its appeal in the animal feed sector.

The market's expansion is also fueled by rising disposable incomes and the burgeoning demand for animal proteins, which have led to increased feed production and aquaculture activities. The global capture fisheries production and the number of animals slaughtered have seen upward trends, creating opportunities for blood meal manufacturers. In the Asia-Pacific region, the demand for animal-based products like beef and pork is on the rise, with countries such as China and Vietnam leading in consumption. India's significant ruminant feed production, supported by government initiatives, further underscores the region's potential. The market is moderately consolidated, with key players investing in research and development, acquisitions, and product promotions to capitalize on the growing opportunities in the blood meal sector.

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Blood Meal Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Blood Meal in Animal Feed Formulations

      2. 1.2.2 Growing Demand for Animal Meat

      3. 1.2.3 Demand for organic and sustainable agricultural practices

    3. 1.3 Market Restraints

      1. 1.3.1 Regulatory Restrictions and Disease Control

      2. 1.3.2 Challenges in the Supply Chain of Blood Meal

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Porcine Blood

      2. 2.1.2 Poultry Blood

      3. 2.1.3 Ruminant Blood

    2. 2.2 Application

      1. 2.2.1 Poultry Feed

      2. 2.2.2 Porcine Feed

      3. 2.2.3 Ruminant Feed

      4. 2.2.4 Aqua Feed

      5. 2.2.5 Natural Pest Deterrent

      6. 2.2.6 Organic Fertilizer

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 Rest of the Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of the Middle East & Africa

Blood Meal Market Size FAQs

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.

In 2024, the Blood Meal Market size is expected to reach USD 2.45 billion.

Blood Meal Market Report Snapshots

Blood Meal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)