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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
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Europe Blood Meal Market: Strategic Insights
Market Size Value in US$ 345.82Million in 2018 Market Size Value by US$ 451.10 Million by 2027 Growth rate CAGR of 3.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Europe Blood Meal Market: Strategic Insights
Market Size Value in | US$ 345.82Million in 2018 |
Market Size Value by | US$ 451.10 Million by 2027 |
Growth rate | CAGR of 3.0% from 2019-2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystProduct 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Source, Application, Process, and Country.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
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
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