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The rising demand for animal meat is likely to spur innovation in blood meal production, propelling the market during the forecast period.

The global blood meal market is expected to grow from $1.90 billion in 2022 to $1.98 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The global blood meal market size is expected to reach $2.27 billion in 2027 at a CAGR of 3.4%.

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Global Blood Meal Market Segments Include:

• By Source: Porcine Blood, Poultry Blood, Ruminant Blood
• By Process: Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying
• By Application: Animal Feed, Agriculture, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global blood meal market in 2021.

Major Market Players in the blood meal market include Boyer Valley Company LLC., Terramar Chile SpA, Darling Ingredients Inc., West Coast Reduction Ltd., Valley Proteins Inc., Sanimax APC Inc., The Fertrell Company, Ridley Corporation Limited.

The rising demand for food and beverages is projected to take the blood meal industry ahead. Food and drinks include any raw, cooked, or processed edible product used or intended to be utilised for human consumption in whole or in part. Blood meal is used as a livestock nutritional supplement, providing cattle, fish, and birds with dietary lysine. According to Statistics Canada and farm finance Canada (FCC), a Canadian agricultural term lender, food and beverage industry sales climbed by 3.5% year over year (YoY) in 2020, from $118.7 billion to $122.9 billion in March 2021. Furthermore, according to a report published in July 2022 by the Food and Drink Federation, a UK-based organisation that represents and consults food and drink manufacturers, the processed food and drink industry’s turnover increased by 3.4% from £105 ($115.01) billion in 2020 to £112 ($122.68) billion in 2021, accounting for 20% of total UK manufacturing. As a result, rising food and beverage demand is propelling the blood meal market forward.

The Blood Meal Global Market Report 2023  provides a blood meal market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The blood meal market forecast analyzes blood meal market size, blood meal market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Blood meal is ground-dried animal blood that is a non-synthetic source of nitrogen that is used to feed livestock as a nitrogenous fertiliser. It is a high-nitrogen organic fertiliser as well as a high-protein animal feed.

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