North America Blood Meal Market
The dried form of animal blood which is collected from slaughtering of several livestock species such as cattle, pigs, chickens, and others under specific conditions is known as blood meal. Blood meal is considered as rich source of protein, iron and nitrogen and is used to supplement feed diets based on cereal grains, remains of plants and forages. Blood meal serves an advantage over plant-based protein and other feed ingredients owing to their rich nutritional profile and cost effectiveness. Apart from their use in feed industry, blood meal also finds application as natural and organic fertilizer to promote plant growth. Therefore, with the surge in demand for healthy feed products coupled with increase focused towards environment sustainability and crop protection, the market for blood meal is expected to rise over the forecast period.
The UScontributed to the largest share of the North America blood meal market. The United States is one of the largest market in the region where consumers are looking for protein-rich and nutritious animal food products. The production and consumption of blood meal is increasing in United States owing to growing demand for healthy food options along with growing focus towards organic product among population. The United States is one of the major countries dominating the blood meal market in North America.
The COVID-19 outbreak initially started in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the world. The COVID-19 virus is transmitted through contact with infected persons or carriers via respiratory droplets when they cough or sneeze. As of March 2020, China, Italy, Iran, Spain, republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of various industries, mainly food and beverage industry and supply chain disruptions due to lockdown of countries has created a strain on the supplies of food and beverage products.The North America has faced huge economic losses due to covid-19 outbreak. The revenue generated in this region has seen a significant downfall due to some steps such as lockdown, undertaken by the government to curb the spread of covid-19. US leads North America, in terms of highest number of confirmed covid-19 cases and deaths. The food and poultry feed industry in the region is adversely affected, due to the COVID-19 outbreak. In addition, the overall supply chain, manufacturing processes, research and development activities will get affected and will impact market growth negatively.
Strategic insights for the North America Blood Meal provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 404.36 Million |
| Market Size by 2027 | US$ 576.13 Million |
| Global CAGR (2019 - 2027) | 4.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Blood Meal refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Poultry feed, being one of the applications of blood meal, are feed ingredients used for poultry birds, including turkey, chickens, ducks, and other domestic birds. Such feed ingredients require basic nutrients that are required by poultry animals for growth and development, and includes essential minerals, vitamins, carbohydrates, proteins, and water. Other than this, protein is considered to be a key source of energy for poultry birds. Rise in investments in poultry feed mills, poultry houses and slaughterhouses has led to growth of poultry feed market. Amongst the other feed ingredients, blood meal is an important feed ingredient that is primarily used in poultry feed. Poultry blood meal is considered to be cost effective replacement and best performing ingredient in comparison to other forms of feed ingredients. It is widely known for its nutritional profile and is a rich source of protein, iron and lysine content. Other than this, blood meal also enhances pepsin digestibility and is, therefore, used in supplementary protein to along with plant-derived feed ingredients. Thus, the rising demand for poultry from the nations across the world has been a factor contributing to the rise and development of the blood meal market.
Based on source, the blood mealmarket is segmented into porcine blood, poultry blood and ruminant blood. The poultry blood segment accounted for the largest share of the North Americablood mealmarket in 2018; however, the market for the porcine segment is expected to grow at the highest CAGR during the forecast period.Porcine blood, which is also known as pig blood or swine blood, encapsulates many of the similar characteristics of human blood and is quite a useful animal model in many areas of research. Some of the industries are offering glutaraldehyde-stabilized freshly prepared pig red blood cells for research or other purposes. Poultry blood is collected from chicken mainly for two purposes, such as to obtain serum, which can be tested for various disease virus antibodies, no anticoagulant is required in this process, and the blood is allowed to clot. The levels of antibody detected in individual birds and flocks give an indication of the response to vaccination. Ruminant blood is collected mainly from a cow. Fresh and whole blood is collected from slaughterhouses, then coagulated, and finally steam dried, which is often referred to as "animal protein transformed from the blood." Ruminant meat meal and the bone meal had been banned from giving as feed to ruminants to give support as one of the fire-wall to BSE. A ruminant blood meal is one of the good protein sources, and the protein is a high percentage of by-pass, about 75%. So this blood meal is a good source of by-pass protein.
Strategic insights for the North America Blood Meal provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 404.36 Million |
| Market Size by 2027 | US$ 576.13 Million |
| Global CAGR (2019 - 2027) | 4.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Blood Meal refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Based on application, theNorth Americablood mealmarket is segmented into porcine feed, poultry feed, ruminant feed, aqua feed and others. In 2018, the poultry feedsegment dominated the North Americablood meal market; whereas, the aqua feedsegment is expected to grow at the fastest rate during 2019–2027.The other application of blood meal goes to fertilizer, pesticides which are used in agricultural purpose. Since, blood meal contains many nutrients; it is quite useful even for maintaining soil quality. Blood meals help in animal farming as well as in healthy crop yield. Blood meal contains a high percentage of crude protein and is commonly used as a protein source in pig starter diets. Porcine plasma has been re-allowed as a feed ingredient for pigs and poultry since plasma improves piglets’ growth performance and health without developing antibiotic resistance. Poultry feed is basically food for farm poultry, including chickens, ducks, geese, and other domestic birds. Feed ingredients for poultry diets are particularly selected for the nutrients they provide, the absence of toxic factors, their palatability effect on feed intake, and also their cost. Blood meal that consists of dried up blood obtained from slaughtered cattle is mainly used to enhance the milk production in cattle due to its high protein content. Aquaculture is supplying half of the seafood coupled with fishery products that are consumed worldwide and are gaining global significance in the form of a source of healthy food and income. With the increasing world population, the future demand for seafood will grow at a rapid pace and can only be met through expanded and sustainable aquaculture production. The other application of blood meal includes fertilizers, pesticides, etc.
Based on process, the North Americablood mealmarket is segmented into solar drying, drum drying, ring & flash drying and spray drying. In 2018, the ring and flash dryingsegment dominated the North Americablood meal market; whereas, the solar dryingsegment is expected to grow at the fastest rate during 2019–2027.Solar drying uses the sun energy; however, it is performed in a solar dryer designed and built for this purpose. . The solar-drying method is well suited for small scale operation while producing a blood meal. Drum drying is basically a method used by industries for drying out liquids from raw materials with the help of a drying drum. In this process, pureed raw ingredients are fed and dried at relatively low temperatures over-rotating and high-capacity drums, which produce sheets of drum-dried products. The ring dryer is basically a special development of the flash dryer with the incorporation of an internal airborne recycle for greatly improved operation and efficiency. Spray drying is known to be a method of producing any dry powder from any liquid or slurry through rapidly drying with a hot gas. This drying process is preferred for drying of many thermally-sensitive materials, including foods and pharmaceuticals.
Product development, merger and acquisition, and business planning are the commonly adopted strategies by companies to expand their product portfolio. APC Company, Inc., Ridley Corporation Limited., Apelsa Guadalajara, SA de CV, The Boyer Valley Company, Inc. and Terramar Chileare among the market players implementing this strategyto enlarge the customer base and gain significant market share in North America,which in turn permits them maintain the brand name in the North America market.
The List of Companies - North America Blood Meal Market
The North America Blood Meal Market is valued at US$ 404.36 Million in 2018, it is projected to reach US$ 576.13 Million by 2027.
As per our report North America Blood Meal Market, the market size is valued at US$ 404.36 Million in 2018, projecting it to reach US$ 576.13 Million by 2027. This translates to a CAGR of approximately 4.1% during the forecast period.
The North America Blood Meal Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Blood Meal Market report:
The North America Blood Meal Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Blood Meal Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Blood Meal Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Blood Meal Market
