Blood Meal Market Analysis

Blood Meal Market Analysis

Based on source, the market is divided into poultry blood, porcine blood, ruminant blood. Poultry blood held the dominant market share of USD 750 million in 2023. Poultry blood is the most popular source for blood meal due to its higher protein content, particularly lysine, an essential amino acid crucial for animal growth and development. Poultry blood is readily available from slaughterhouses and requires less processing compared to other sources like porcine or ruminant blood. Additionally, concerns about diseases like African Swine Fever in pigs can make porcine blood a less desirable option. While both poultry and ruminant blood are rich in protein, poultry blood's amino acid profile and ease of processing solidify its dominant position in the blood meal market.

Based on application, the market is categorized into poultry feed, porcine feed, ruminant feed, aqua feed, natural pest deterrent, and organic fertilizer. Poultry feed accounted for 45% market share in 2023 and is projected to grow through 2032. Poultry feed formulations require a reliable and cost-effective source of protein, and blood meal, derived from poultry processing byproducts, fulfills these criteria efficiently. Poultry blood is readily available in substantial quantities, aligning with the scale of the poultry industry and providing a consistent and nutritionally valuable ingredient for feed. Its versatile amino acid profile and nutritional benefits make it a preferred choice to enhance the protein content of poultry feed, supporting the growth, health, and overall performance of poultry livestock. The economic and nutritional advantages associated with poultry blood in feed formulations contribute to its prominence and widespread use in the market for poultry farming applications.
 

Based on process, the market is categorized into solar drying, drum drying, spray drying, ring & flash drying. Spray drying accounted for major market share in 2023 and is projected to grow through 2032. The popularity of the spray drying process in the blood meal market can be attributed to its efficiency in producing a fine and easily handled powder with superior solubility and storage stability. Spray drying involves atomizing liquid blood into droplets, which rapidly dry in a hot air stream, resulting in a fine powder. This method ensures the preservation of the nutritional integrity of blood, particularly its protein content, making it a valuable ingredient in various applications such as animal feed, fertilizers, and more. The versatility and precision offered by spray drying, along with its ability to produce a high-quality, easily dispersible end product, make it a preferred choice for blood meal production in the market, catering to diverse industry needs efficiently.

North America dominated the global market in 2023. It generated a revenue of USD 430 million in 2023. The region's expanding livestock and poultry industries, coupled with a growing demand for high-protein animal feed, drive the increased utilization of blood meal. Furthermore, stringent regulations promoting sustainable agricultural practices and the emphasis on organic farming contribute to the rising popularity of blood meal as an organic fertilizer. In North America, the efficient utilization of byproducts from the meat processing industry, particularly in the United States and Canada, enhances the availability and cost-effectiveness of blood meal. The region's commitment to advanced and sustainable farming practices, along with a well-established agricultural sector, positions North America at the forefront of the blood meal market's growth, making it a key contributor to the industry's expansion.