Blood Meal Market forecasted to exhibit a steady 3.5% CAGR, reaching $3.23 Billion by 2032

Blood Meal Market Size Worth $3.23 Billion By 2032 | CAGR: 3.5%


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.

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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

Blood Meal Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 2.37 billion

Revenue forecast in 2032

USD 3.23 billion

CAGR

3.5% from 2023 – 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments covered

By Source, By Process, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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