Home > Animal Health & Nutrition > Feed Additives > Blood Meal Market

Blood Meal Market Trends

Report ID: GMI8108
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Blood Meal Market Trends

The blood meal industry is witnessing notable trends driven by diverse factors. Increasing utilization in animal feed formulations due to its high protein content is a prominent trend, responding to the growing demand for protein-rich diets in livestock and aquaculture. Moreover, the rise in organic farming practices has spurred the use of blood meal as an organic fertilizer, contributing to sustainable agriculture. The pet food industry's emphasis on premium and nutritious formulations further amplifies the demand for blood meal. Additionally, its application in natural pest deterrents underscores a shift towards environmentally friendly pest control methods, marking a trend towards holistic and sustainable agricultural practices.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for blood meal reached around USD 1 billion in 2023 and is projected to expand at over 3.6% CAGR between 2024 and 2032 attributed to the increasing demand for protein-rich animal feed, particularly in the livestock and aquaculture sectors.

Poultry blood meal industry generated USD 0.75 billion in 2023 and is projected to witness high demand owing to its higher protein content, particularly lysine, an essential amino acid crucial for animal growth and development.

North America industry for blood meal accounted for USD 0.43 billion in revenue in 2023 and is estimated to expand at a notable CAGR through 2032 owing to the region's expanding livestock and poultry industries, coupled with a growing demand for high-protein animal feed.

Some of the leading manufacturers engaged in the blood meal industry are Barentz, Bio-Nutrition, BVC Ingredients, Darling Ingredients, Dinnissen BV, Gea Farm Technologies, GNT Group, Grenada Beef, Hamlet Protein, Moy Park, NexGen Bioproducts, PBFS, Sanimax Group, Schroeder Industries.