Blood Meal Market Share, Size, Trends, Industry Analysis Report, By Source (Poultry Food, Porcine Food, and Ruminant Food); By Process; By Application; By Region; Segment Forecast, 2023 – 2032

Blood Meal Market Share, Size, Trends, Industry Analysis Report, By Source (Poultry Food, Porcine Food, and Ruminant Food); By Process; By Application; By Region; Segment Forecast, 2023 – 2032

The global blood meal market size is expected to reach USD 3.23 billion by 2032, according to a new study by Polaris Market Research. The report “Blood Meal Market Share, Size, Trends, Industry Analysis Report, By Source (Poultry Food, Porcine Food, and Ruminant Food); By Process; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for animal feed has been rapidly increasing due to its high nitrogen content and other potential benefits. Moreover, the use of animal feed in agriculture for providing nutrients and minerals to plants is also on the rise. These factors are expected to foster the global market growth. Additionally, ongoing research and development in the field of agriculture and animal nutrition are leading to the creation of improved blood meal formulations and products with enhanced capabilities, which is further anticipated to boost the global market growth at an extensive pace.

For Instance, in September 2023, Kroger Health announced its collaboration with Performance Kitchen, a company offering medically and health-tailored meals, to develop new medically tailored meals that provide nutritional intervention for people with various health conditions such as heart diseases, cancer, and diabetes.

There is a surge in the number of companies and startups across the globe investing heavily towards the development and introduction of new advanced technologies to help people cater to their dietary habits and personal needs like food intake, that makes them aware of the ingredients they consume in their products and resulting in higher proliferation for products with organic and sustainable characteristics like blood meal. Thus, with consumers becoming aware of the availability and access to such technologies and products, the demand for blood meals is likely to grow substantially.

For instance, in September 2023, Verdify, a leading Dutch company focusing on developing AI applications for the healthcare and food sector, announced the launch of its digital nutrition guide, “Noory”. It’s a ground-breaking solution enabling people to tailor daily needs and is specially designed for people with digestive issues, food allergies, and weight management goals.

Blood Meal Market Report Highlights

Poultry food segment accounted for noteworthy market share, owing to increased product adoption as an effective supplementary feed ingredient

Ring & flash drying segment held the majority market share, mainly due to its significant use to produce blood meal and rapid development in technologies

The organic fertilizers segment will grow at the highest growth rate because of the rising proliferation of organic farming practices and growing environmental sustainability

North America dominated the global market with a substantial share, on account of greater consumption of poultry feed products and rising R&D efforts

The key market players include Ridley Corporation Limited, The Boyer Valley Company, West Coast Reduction Ltd., Valley Proteins, and Darling Ingredients

Polaris Market Research has segmented the blood meal market report based on source, process, application, and region:

Blood Meal, By Source Outlook (Revenue - USD Billion, 2019 - 2032)

Poultry Food

Porcine Food

Ruminant Food

Blood Meal, Process Outlook (Revenue - USD Billion, 2019 - 2032)

Solar Drying

Drum Drying

Spray Drying

Ring & Flash Drying

Blood Meal, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Poultry Feed

Aqua Feed

Porcine Feed

Natural Pest Deterrents

Ruminant Feed

Organic Fertilizers

Blood Meal, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa