Blood Meal Market Size, Share & Industry Analysis, By Source (Porcine Blood, Poultry Blood, Ruminant Blood), By Application (Animal Feed, Agriculture, Others) And Regional Forecast, 2024-2032

The global blood meal market has witnessed growth in recent years owing to the increasing demand for animal proteins. Due to the increase in consumption of meat products, there is a growing availability of blood meal products in the market. Blood meal is used as organic fertilizer and a dietary supplement for livestock; thus, its use in this sector is propelling the demand for blood meal in the market.

Blood meal refers to dried animal blood, which is collected after the animals are killed; their blood is dried to form a powder. It contains the different nutrients such as nitrogen content (13.25%), phosphorous (1%), potassium (0.6%). Along with its usage in the livestock sector, blood meal has application in gardening as a soil nitrogen amendment.  

Nitrogen is an essential element required for plant growth as it provides energy to the plants to grow and produce fruits and vegetables. Thus, the increase in the quantity of nitrogen in the soil using blood meal will help to improve plant productivity. The smell of blood meal is also not appealing to certain animals such as squirrels, deer and moles; hence, it helps to keep these animals away from destroying the produce. Additionally, blood meal when applied to the soil in combination with other compost materials such as dried leaves, paper or straw, ensures that the soil is able to receive nutrients in balanced doses.

Organic farmers usually prefer to grow vegetables and fruits without using synthetic fertilizers and pesticides and seek for natural alternatives to increase the nutrient content in the soil. As blood meal is a natural source of nitrogen replenishment for the soil, it acts as a suitable natural fertilizer for organic farmers. Additionally, blood meal is an affordable fertilizer compared to other organic fertilizers available in the market.

In addition to the use of blood meal for plants, it has application as a protein supplement for fish, poultry, and pets. Blood meal is rich in vitamins, minerals, amino acids, thus providing all the essential elements to the animals.

Key Market Driver -

Increasing Demand for Animal-Protein Supplements

Key Market Restraint -

Over-Application Leads to Side Effects In Both Plants And Animals

Key Players Covered:

The key players of global blood meal market are Darling Ingredients, Terramar, West Coast Reduction Ltd., Valley Proteins, Inc., Allana Group, Boyer Valley, FASA Group, and Sanimax.

Despite the various advantages of using blood fertilizers, there are certain disadvantages associated with using blood meal as a fertilizer. Over application of blood meal on plants causes acidity in the soil; thus, burning the plants. Hence, these fertilizers need to be applied proportionately to ensure the healthy and high growth of plants. In animals, the excessive consumption of blood meal results in digestive disorders.

Blood meal is available worldwide, but due to the use of animal blood and associated risk of disease, the distribution and sale of blood meal in certain countries is restricted or prohibited. For instance, in countries such as Thailand, animal feeds that are derived from poultry have been associated with the risk of avian flu; hence, it needs proper approval from the Department of Land Development(DLD), Thailand.

The use of blood meal in various sectors such as farming, aquaculture has created opportunities for industry players to redesign the products that will suit the growing demand for animal-derived proteins. For instance, there is a strong demand for pet supplements in the pet food product market, which helps improve animal health. This demand and supply gap in the market for protein supplements creates opportunities for the companies to develop blood-derived products as protein supplements for animals and increase their presence in the market.

Regional Analysis:

North America is witnessing a significant growth in the blood meal market owing to consumers increasing preferences for farm products developed through organic farming. Furthermore, an increase in consumption of fish and meat-based products results in increasing demand in aquaculture products. These factors act as the major drivers boosting the growth of the market in this region.

Asia Pacific region is anticipated to witness substantial growth in the near future due to the increasing consumption of meat and fish products. With the development in the aquaculture industry, the demand for blood meal in this region is increasing rapidly.

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Segmentation

Key Industry Developments

• Sanimax launched new animal proteins in the market, which included products such as blood meal from ruminant and blood meal from non-ruminant.