The Worldwide Market for Blood Meal to 2025: Poultry, Porcine, Ruminant -- Poultry Blood Segment Estimated to Account for the Largest Share in 2019
DUBLIN, May 13, 2019 /PRNewswire/ -- The "Blood Meal Market by Source (Poultry, Porcine, and Ruminant), Application (Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed), Process (Solar Drying, Drum Drying, Ring & Flash Drying, and Spray Drying), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global blood meal market is estimated to be valued at USD 1.8 billion in 2019 and is projected to reach USD 2.1 billion by 2025, recording a CAGR of 3%.
The market is driven by factors such as an increase in the consumption of animal-based products, particularly in the emerging countries of the Asia Pacific and South America due to the increasing urbanization.
China is projected to be a major revenue pocket in the blood meal market in the coming years, due to the large production and consumption of meat products. In addition, in North America, the US is projected to be a key growth market for blood meal due to the high consumption of livestock products such as meat, milk, and eggs in the country.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the blood meal market. It includes profiles of leading companies such as Darling Ingredients (US), Terramar (Chile), West Coast Reduction (Canada), Valley Proteins, Inc. (US), Ridley Corporation (Australia), Allanasons Private (India), The Boyer Valley Company (US), FASA Group (Brazil), Sanimax (Canada), APC, Inc. (US), and Apelsa Guadalajara (Mexico).
The poultry blood segment in blood meal market is estimated to account for the largest share in 2019.
Based on source, the poultry blood segment is estimated to account for the largest share in the blood meal market in 2019. Poultry blood is the most preferred raw material that is used to produce blood meal due to its high amino acid content, particularly Lysine. Majority of the key players such as Darling Ingredients (US), Boyer Valley (US), Valley Proteins Inc. (US), TerraMar Ingredients LLC (Chile), and FASA Group (Brazil) offer blood meal products that are made of poultry blood.
The poultry feed segment in the blood meal market is estimated to account for the largest share in 2019.
Based on application, the poultry feed segment is estimated to account for the largest share in the blood meal market in 2019. The demand for poultry products is on the rise in developing countries of the Middle East & Africa as well as countries such as Brazil and China. This has led to an increase in the number of slaughtering in the poultry industry generating blood, thus increasing the production for blood meal in the past few years.
The Asia Pacific blood meal market is projected to witness significant growth.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The market in the region witnesses a significant growth due to the rapid growth in population, urbanization, and expansion of the middle-class population, with the increasing demand for animal food products. The region consists of countries such as China and Vietnam, which are among the largest consumers of meat products such as pork. These factors are projected to increase the number of slaughters, thus creating opportunities for blood meal manufacturers.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Blood Meal Market
4.2 Blood Meal Market, By Region
4.3 Blood Meal Market, By Source
4.4 Asia Pacific: Blood Meal Market, By Source & Country
5 Market Overview
5.1 Introduction
5.2 Regulations
5.2.1 South Africa
5.2.2 Japan
5.2.3 Feed Regulation on BSE Prevention in Japan
5.3 FAO
5.3.1 Animal Proteins Prohibited From Use in Ruminant Feed, Title 21, Code of Federal Regulations, Part 589.2000, Effective Date: August 4, 1997
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increase in Demand for Meat Products in Developing Countries
5.4.1.2 Growth in Feed Production
5.4.1.3 Increase in Demand for Aquaculture Products
5.4.2 Restraints
5.4.2.1 Rising Operational and Raw Material Costs
5.4.2.2 Stringent Regulatory Framework
5.4.3 Opportunities
5.4.3.1 Increase in Demand for Nutritional Supplements for Monogastric Animals
5.4.4 Challenges
5.4.4.1 Quality of Feed Additive Products Manufactured By Asian Companies
6 Blood Meal Market, By Source
6.1 Introduction
6.2 Porcine Blood
6.2.1 Porcine Blood Meal is Expected to Experience Notable Demand in the Coming Years, Owing to Its Health Benefits
6.3 Poultry Blood
6.3.1 The Increasing Demand for Poultry Meat and Eggs is Expected to Drive the Market for Poultry Blood Meal
6.4 Ruminant Blood
6.4.1 Rising Trend of On-Farm Blood Mixing By Small Farmers, Millers, and Livestock Manufacturers for Providing Specific Nutrients to Animals Required Quantities is Driving the Demand of Ruminant Blood
7 Blood Meal Market, By Application
7.1 Introduction
7.2 Porcine Feed
7.2.1 Blood Meal is High in Crude Protein and is Commonly Used as A Protein Source in Diets for Porcine
7.3 Poultry Feed
7.3.1 Growing Concerns About Animal Health and Consumer Preferences for A Specific Color of Yolk and Meat Have Led to Increasing Demand for Blood Meal
7.4 Ruminant Feed
7.4.1 The Addition of Blood Meal Not Only Increases the Production of End-Products Obtained From Ruminants But Also Improves Their Health and Immune Systems
7.5 Aqua Feed
7.5.1 With the Increasing Consumption of Fish and Fish-Based Products Globally, the Demand for Blood Meal in the Aquatic Animals Segment Remains High
8 Blood Meal Market, By Process
8.1 Introduction
8.1.1 Solar Drying
8.1.2 Drum Drying
8.1.3 Ring and Flash Drying
8.1.4 Spray Drying
9 Blood Meal Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Increasing Consumption of Livestock Products Such as Meat, Eggs, and Milk as A Source of Energy
9.2.2 Canada
9.2.2.1 Export of Pork and Other Meat Products to Drive Domestic Slaughter
9.2.3 Mexico
9.2.3.1 Increased Demand for Meat and Pork Products in the Country
9.3 Europe
9.3.1 Germany
9.3.1.1 The Country Houses 330 Feed Mills, With A Feed Production of Over 27 Million Tons Annually
9.3.2 UK
9.3.2.1 The Country is Expected to Maintain A Higher Growth Rate for Blood Meal Owing to Increased Demand for Nutritional Livestock Feed, Growth in Focus on Livestock Welfare, and Adoption of Advanced Feed Manufacturing Systems
9.3.3 France
9.3.3.1 France is One of the Major Contributors for Feed in the EU Region, With Over 300 Feed Mills in the Country Resulting in A Feed Production of Over 25 Million Tons
9.3.4 Spain
9.3.4.1 The Continual Increase in the Demand for Meat and Dairy Products has Encouraged Manufacturers to Produce Better Quality, and Nutritious Livestock Feed Products Incorporating Blood Meal
9.3.5 Italy
9.3.5.1 According to Association of Poultry Processors and Poultry Trade in the EU (AVEC), Italy Stood Sixth in the Production of Poultry Meat in the Region
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Wide Consumption of Pork in the Chinese Market
9.4.2 Vietnam
9.4.2.1 Consumers in the Country are Shifting Toward Animal Protein Sources Owing to the Increase in Income Levels
9.4.3 Philippines
9.4.3.1 Increased Demand for Poultry Products
9.4.4 Australia & New Zealand
9.4.4.1 Increase in Pork Consumption
9.4.5 Rest of Asia Pacific
9.4.5.1 Presence of New Revenue Pocket Countries
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.1.1 Brazil and Argentina are Among the Top Five Beef Producers and Exporters
9.5.2 Middle East & Africa
9.5.2.1 Increase in Demand for Meat Products
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape Mapping, 2017
10.2.1 Dynamic Differentiators
10.2.2 Innovators
10.2.3 Visionary Leaders
10.2.4 Emerging Companies
10.3 Ranking of Key Players in the Blood Meal Market
11 Company Profiles
11.1 Darling Ingredients
11.2 Terramar
11.3 West Coast Reduction Ltd.
11.4 Valley Proteins Inc.
11.5 Ridley Corporation Limited
11.6 Allanasons Pvt. Ltd.
11.7 The Boyer Valley Company
11.8 FASA Group
11.9 Sanimax
11.10 APC Inc.
11.11 Apelsa Guadalajara
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