Blood Meal Market Must See Recent Developments: Darling Ingredients, FASA, Ridley
Global Blood Meal market is expected to reach USD 2,232.75 million by 2027 and is projected to register a healthy CAGR of 4.34% in the forecast period 2021 to 2027
The global blood meal market is segmented based on source into poultry, porcine, ruminant and others. In 2018, poultry is expected to dominate the blood meal market with 51% market share growing at the CAGR of 4.4% in the forecast period 2018 to 2025. On the basis of application, global blood meal market is segmented into four notable segments: Poultry Feed, Porcine Feed, Ruminant Feed, and Aquafeed. In 2018, Poultry Feed is dominating the global blood meal market and expected to grow with the CAGR of 4.1% in the forecast period 2018 to 2025. Based on process, the market of blood meal has been segmented into solar drying, drum drying, ring & flash drying, and spray drying. In 2018, the spray drying segment is projected to account for the largest share in the blood meal market.
Global blood meal market is expected to reach USD 2,232.75 million by 2027 and is projected to register a healthy CAGR of 4.34% in the forecast period 2021 to 2027. The new market report contains data for historic years up to 2017, the base year of calculation is 2020 and the forecast period is 2021 to 2027.
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Market Drivers
Blood meal contains proteins and amino acids which is a good source of vitamins. It is widely used as feed ingredients for poultry, livestock, and other animals. In the last few years, there is a significant demand for meat product in china.
Aquaculture is defined as the cultivation of aquatic animals and plants which includes various types of farming such as mariculture, oyster farming, fish farming, shrimp farming, and others.
Opportunities
A blood meal is widely used as a food supplement of animals. The increasing population of dog is also affecting the demand for blood meal products. Countries such as the United States has a significant increase in the dog population. For instance, in 2018, according to the National Center for Biotechnology Information, the huge majority of pets are viewed as family members, which is increased from 88% in 2007 to 95% in 2015.
Market Trend
Technological advancement in blood meal
Market Challenges
Issue related to rising number of diseases in poultry farming
Problem regarding the Quality of Feed Additive Products
Segmentation
By type (others, ruminant, porcine, poultry), by Application (Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed)
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Key Manufacturers Covered
Darling Ingredients (United States), FASA Group (Brazil), Ridley Corporation (Australia), West Coast Reduction Ltd (Canada), Terramar.Chile (Chile), The Fertrell Company (United States), Jobe’s Company (United States), The Boyer Valley Company, Inc. (United States), Valley Proteins, Allanasons Private Limited (United States), Sanimax (Canada), Apelsa Guadalajara, S.A. de C.V (Mexicico), Aplicaciones Biologicas a la Nutricion S.L. (Spain), Bar-Magen Ltd (Israel)
If opting for the Global version of blood meal Market; then below country analysis would be included:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
• Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
• South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
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