Europe Blood Meal Market to 2027- Covid-19 Impact and Regional Analysis by Source (Porcine Blood, Poultry Blood, and Ruminant Blood); Application (Porcine Feed, Poultry Feed, Ruminant Feed, Aqua Feed, Others), Process (Solar Drying, Drum Drying, Ring and Flash Drying, and Spray Drying), and Country.
The Europe blood meal market is accounted to US$ 345.82Mn in 2018 and is expected to grow at a CAGR of 3.0% during 2019–2027, to account to US$ 451.10Mn by 2027.
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 rest of Europe countries contributed to the largest share of the Europeblood mealmarket. The rest of Europe includes Russia, Spain, Austria, Poland, Portugal and Turkey. Rest of Europe is an attractive region for blood meal products and provides several rewarding opportunities to manufacturers and producers due to the increase in the number of blood meal applications in the region. The manufacturers in rest of European region are continuously investing in research & development. Besides this, robust growth in product offerings is also having a positive impact on the growth of blood meal in the rest of the regions of Europe.
Effect of COVID-19 on EuropeBlood Meal Market
The COVID-19 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, USA, Brazil, Russia, India, UK and Spainareamong 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 Europe has faced huge economic losses due to covid-19. 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. Italy leads Europe, in terms of highest number of confirmed covid-19 cases and deaths.It is expected to suffer an economic hit due to a lack of revenue from various industries, as Italy recorded the highest number of coronavirus cases. Other member states have implemented drastic measures and restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Europe Blood Meal Market
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Market Insights
Growth of poultry feed industry
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.
Source Based Market Insights
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 Europeblood 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.
Europe Blood meal Market, by Source – 2018 & 2027
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Application-Based Market Insights
Based on application, theEuropeblood mealmarket is segmented into porcine feed, poultry feed, ruminant feed, aqua feed and others. In 2018, the poultry feedsegment dominated the Europeblood 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.
Process-Based Market Insights
Based on process, the Europeblood mealmarket is segmented into solar drying, drum drying, ring & flash drying and spray drying. In 2018, the ring and flash dryingsegment dominated the Europeblood 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.
Strategic Insights
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 GuadalajaraSA de CV, Terramar Chileare among the market players implementing this strategyto enlarge the customer base and gain significant market share in Europe,which in turn permits them maintain the brand name in the Europe market.
Report Spotlights
- Progressive industry trends in the Europeblood mealmarket that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europeblood mealmarket from 2017 to 2027
- Estimation of Europeblood mealdemand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the market competition in Europe
- Market trends and outlook, coupled with factors driving and restraining the growth of the Europeblood mealmarket
- Decision-making process by understanding strategies that underpin commercial interest with regard to the Europeblood mealmarket growth
- Europeblood mealmarket size at various nodes of market
- Detailed overview and segmentation of the Europeblood mealmarket, as well as its dynamics in the industry
- Europeblood meal market size in various regions with promising growth opportunities
Europe Blood meal Market – By Source
- Porcine Blood
- Poultry Blood
- Ruminant Blood
Europe Blood meal Market – By Application
- Porcine Feed
- Poultry Feed
- Ruminant Feed
- Aqua Feed
- Others
Europe Blood meal Market- By Process
- Solar Drying
- Drum Drying
- Ring and Flash Drying
- Spray Drying
Company Profiles
- Allanasons Pvt. Ltd.
- APC Company, Inc.
- Apelsa Guadalajara, SA de CV.
- Ridley Corporation Limited
- Sanimax
- Terramar Chile SpA
- Valley Proteins, Inc.
- FASA Group
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Blood Meal Market – By Source
1.3.2 Europe Blood Meal Market – By Application
1.3.3 Europe Blood Meal Market – By Process
1.3.4 Europe Blood Meal Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Research Methodology
3.1.1 Data Collection:
3.1.2 Primary Interviews:
3.1.3 Hypothesis formulation:
3.1.4 Macro-economic factor analysis:
3.1.5 Developing base number:
3.1.6 Data Triangulation:
3.1.7 Country level data:
4. Blood Meal Market Landscape
4.1 Market Overview
4.1.1 Europe PEST Analysis
5. Europe Blood Meal Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rise in consumption of animal-derived products
5.1.2 Growth of poultry feed industry
5.2 Market Restraints
5.2.1 Stringent regulations related to blood meal
5.3 Market Opportunities:
5.3.1 Growing demand of blood meal from aquaculture industry
5.4 Future Trends:
5.4.1 Usage of Blood Meal as an Effective Fertilizer
5.5 Impact Analysis of Drivers and Restraints
6. Europe Blood Meal– Europe Market Analysis
6.1 Europe Blood Meal Market Overview
6.2 Europe: Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
7. Europe Blood Meal Market Analysis - By Source
7.1 Overview
7.2 Blood Meal Market Breakdown, By Source, 2018 & 2027
7.3 Porcine Blood
7.3.1 Overview
7.3.2 Porcine Blood: Europe Blood Meal Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Poultry Blood
7.4.1 Overview
7.4.2 Poultry Blood: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Ruminant Blood
7.5.1 Overview
7.5.2 Ruminant Blood: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
8. Europe Blood Meal Market Analysis – By Application
8.1 Overview
8.2 Europe Blood Meal Market, By Application (2018 and 2027)
8.3 Porcine Feed
8.3.1 Overview
8.3.2 Porcine Feed: Europe Blood Meal Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Poultry Feed
8.4.1 Overview
8.4.2 Poultry Feed: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Ruminant Feed
8.5.1 Overview
8.5.2 Ruminant Feed: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
8.6 Aqua Feed
8.6.1 Overview
8.6.2 Aqua Feed: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Europe Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)
9. Europe Blood Meal Market Analysis – By Process
9.1 Overview
9.2 Europe Blood Meal Market, By Process (2018 and 2027)
9.3 Solar Drying
9.3.1 Overview
9.3.2 Solar Drying: Europe Blood Meal Market Revenue and Forecast, to 2027 (US$ Mn)
9.4 Drum Drying
9.4.1 Overview
9.4.2 Drum Drying: Europe Blood Meal Market Revenue and Forecast, to 2027 (US$ Mn)
9.5 Ring and Flash Drying
9.5.1 Overview
9.5.2 Ring and Flash Drying: Europe Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
9.6 Spray Drying
9.6.1 Overview
9.6.2 Spray Drying: Europe Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
10. Europe Blood Meal Market – Country Analysis
10.1 Overview
10.1.1 Europe: Blood Meal Market – Revenue and Forecast to 2027(US$ Mn)
10.1.2 Europe: Blood Meal Market, by Key Country
10.1.2.1.1 Germany: Blood Meal Market, by Application
10.1.2.1.2 Germany: Blood Meal Market, by Source
10.1.2.1.3 Germany: Blood Meal Market, by Process
10.1.2.2 France: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.2.2.1 France: Blood Meal Market, by Source
10.1.2.2.2 France: Blood Meal Market, by Process
10.1.2.2.3 France: Blood Meal Market, by Application
10.1.2.3 UK: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.2.3.1 UK: Blood Meal Market, by Source
10.1.2.3.2 UK: Blood Meal Market, by Process
10.1.2.3.3 UK: Blood Meal Market, by Application
10.1.2.4 Russia: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.2.4.1 Russia: Blood Meal Market, by Source
10.1.2.4.2 Russia: Blood Meal Market, by Process
10.1.2.4.3 Russia: Blood Meal Market, by Application
10.1.2.5 Italy: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.2.5.1 Italy: Blood Meal Market, by Source
10.1.2.5.2 Italy: Blood Meal Market, by Process
10.1.2.5.3 Italy: Blood Meal Market, by Application
10.1.2.6 Rest of Europe: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
10.1.2.6.1 Rest of Europe: Blood Meal Market, by Source
10.1.2.6.2 Rest of Europe: Blood Meal Market, by Process
10.1.2.6.3 Rest of Europe: Blood Meal Market, by Application
11. Impact of COVID-19 Pandemic on Europe Blood Meal Market
11.1 Overview
11.2 Europe: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
12.1 Allanasonsn Pvt Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 APC Company, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Apelsa Guadalajara, SA de CV
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
.12.4 Ridley Corporation Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Sanimax
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Terramar Chile SpA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Valley Proteins, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 FASA Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Blood Meal Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Germany Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 3. Germany Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 4. Germany Blood Meal Market, by Process – Revenue and Forecast to 2027 (USD Mn)
Table 5. France Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 6. France Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 7. France Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 8. UK Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 9. UK Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 10. UK Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 11. Russia Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 12. Russia Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 13. Russia Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 14. Italy Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 15. Italy Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 16. Italy Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 17. Rest of Europe Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)
Table 18. Rest of Europe Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)
Table 19. Rest of Europe: Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 20. Glossary of Terms, Europe Blood Meal Market
LIST OF FIGURES
Figure 1. Europe Blood Meal Market Segmentations
Figure 2. Europe Blood Meal Market Segmentation – By Country
Figure 3 Europe Blood Meal Market Overview.
Figure 4. The Poultry Blood Segment Held Largest Share of Europe Blood Meal Market By Source
Figure 5. Rest of Europe Held Largest Share of Europe Blood Meal Market
Figure 6. Europe Blood Meal Market, Industry Landscape
Figure 7. Europe– Pest Analysis
Figure 8. Impact Analysis of Drivers And Restraints
Figure 9. Europe: Blood Meal Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 10. Europe: Blood Meal Market Revenue Share, by Source (2018 and 2027)
Figure 11. Porcine Blood: Europe Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 12. Poultry Blood: Europe Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 13. Ruminant Blood: Europe Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 14. Europe Blood Meal Market Revenue Share, by Application (2018 and 2027)
Figure 15. Porcine Feed: Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 16. Poultry Feed: Europe Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 17. Ruminant Feed: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Aqua Feed: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Others: Europe Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Blood Meal Market Revenue Share, by Process (2018 and 2027)
Figure 21. Solar Drying: Europe Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 22. Drum Drying: Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 23. Ring and Flash Drying: Europe Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 24. Spray Drying: Europe Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 25. Europe: Blood Meal Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Europe: Blood Meal Market Revenue Share, by Key Country (2018 and 2027)
Figure 27. Germany: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. France: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. UK: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Russia: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Italy: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Rest of Europe: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Impact of COVID-19 Pandemic In Europe Country Market
The List of Companies- Europe Blood Meal Market
- AllanasonsPvt. Ltd.
- APC Company, Inc.
- Apelsa Guadalajara, SA de CV.
- Ridley Corporation Limited
- Sanimax
- Terramar Chile SpA
- Valley Proteins, Inc.
- FASA Group
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe blood meal market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.