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What Is the Growth Rate of the Blood Meal Market?

In recent times, the blood meal market has been experiencing consistent expansion. The market, which was worth $2.06 billion in 2024, is projected to reach a value of $2.13 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.6%. Factors contributing to this progress during the historic period include the growth of the animal feed sector, the expansion of meat and poultry production, efficient sourcing of nutrients, waste utilization in slaughterhouses, and the manufacturing of organic fertilizers.

What Growth Rate Is Forecasted for the Blood Meal Market by 2029?

The market size of the blood meal industry is anticipated to witness consistent expansion in the coming years. It is projected to escalate to “$2.48 billion in 2029, with a compound annual growth rate (CAGR) of 3.8%. The rise during this period can be credited to factors like the booming aquaculture sector, the development of insect farming, increasing global population, use in biomedical studies, and market growth of organic commodities. Key trends for this prediction period involve processing technology advancements, animal nutrition research and development, studies in biostimulants based on blood meal, organic and non-GMO tendencies, and the creation of hydrolyzed blood meal.

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Which Key Companies Are Shaping the Future of the Blood Meal Market?

Major companies operating 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, Allanasons Pvt. Ltd., FASA Group, Apelsa Guadalajara S.A. de C.V., Bar-Magen Ltd., Agro-industrial Complex Backa Topola Ltd., APC Company Inc., Frigorifico Allana Private Limited, Agridient Inc., Archer Daniels Midland Company, Ag Processing Inc., Cargill Incorporated, Coppens International B.V., Dinnissen Process Technology B.V., Duynie Group B.V., Fambrosa S.A.U., ForFarmers N.V., InVivo NSA, The J.M. Smucker Company, Land O’Lakes Inc., Nutreco Co. B.V., OJ Ingredients Ltd., Olmix Group

Which Factors Are Driving Demand in the Blood Meal Industry?

The blood meal market is poised for expansion in response to the rising demand for animal meat. Animal meat, which includes edible parts from consumable or domesticated animals like bovines, swine, sheep, fish, and birds, is referred to as such portions of animals used for food consumption. Blood meal is derived as a by-product from animal slaughtering processes, serving as a dietary boost for livestock including cattle, fish, and poultry due to its high protein content and traces of phosphorus and potassium, making it an effective feed additive. As highlighted by Carlisle Technology, a US-based firm providing hardware and software solutions to the food industry, in July 2024, the current per-person chicken consumption of 98.90 pounds is anticipated to increase to 107.50 pounds by 2033. This surge is attributed to its cost-effectiveness and health benefits. In 2022, US residents consumed approximately 98.90 pounds of broiler chicken per person, a number expected to grow significantly by 2033. Furthermore, worldwide consumption of poultry meat is predicted to increase to 154 metric tons during the forecast period, constituting about half of the additional meat consumed. Therefore, the escalating demand for animal meat acts as a catalyst for the growth of the blood meal market.

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How Is the Blood Meal Market Segmented by Several Divisions?

The blood meal market covered in this report is segmented –

1) By Source: Porcine Blood, Poultry Blood, Ruminant Blood

2) By Process: Solar Drying, Drum Drying, Ring and Flash Drying, Spray Drying

3) By Application: Animal Feed, Agriculture, Other Applications

Subsegments:

1) By Porcine Blood: Dried Porcine Blood Meal, Liquid Porcine Blood

2) By Poultry Blood: Dried Poultry Blood Meal, Liquid Poultry Blood

3) By Ruminant Blood: Dried Ruminant Blood Meal, Liquid Ruminant Blood

What are the Emerging Market Trends Driving the Growth of the Blood Meal Industry?

Key businesses in the blood meal market are innovating by creating new pilot spray dryers to foster a competitive advantage. Pilot spray dryers are miniature versions of industrial ones, which are essential in producing powdered or granulated materials from liquid or slurry sources. For example, RELCO LLC, an American food processing equipment firm, debuted the Parvus pilot spray dryer geared for diverse food uses in April 2023. It comes in two distinct models: the Parvus Nomad, a one-stage dryer suitable for experimental batches and smaller production sizes, and the Parvus Multi-Stage, with its broad-body design being ideal for greater production sizes. The pilot spray dryer proffers adaptability for preliminary testing and scalability, thus facilitating full-scale planning integration with other pilot technology. It offers moisture regulation and powder control abilities akin to larger systems, but is designed to cater to smaller-scale and experimental needs. The system has been designed for straightforward installation and disassembly, with its small size addressing space and shipment concerns. The pilot spray dryer identifies and leverages emerging opportunities in markets such as plant protein, fermentation, and collagen.

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Which Regions Are Driving Growth in the Blood Meal Market?

North America was the largest region in the blood meal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global blood meal market during the forecast period. The regions covered in the blood meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the blood meal market, and how is it changing globally?

2. Who are the major companies in the blood meal market, and how are they performing?

3. What are the key opportunities and risks in the blood meal market right now?

4. Which products or customer segments are growing the most in the blood meal market?

5. What factors are helping or slowing down the growth of the blood meal market?

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