North America Blood Meal Market to Grow at a CAGR of 4.1% to reach US$ 576.13Mn from 2020 to 2027

North America 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

Publication Month: Jul 2020 | Report Code: TIPRE00012092 | No. of Pages: 139 | Category: Food and Beverages | Status: Published
Covid

The North America blood meal market is accounted to US$ 404.36Mn in 2018 and is expected to grow at a CAGR of 4.1% during 2019–2027, to account to US$ 576.13Mn 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 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.

 

Effect of COVID-19 on North America Blood Meal Market

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.

 

North America Blood meal Market

North America 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 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.

 

North America Blood meal Market, by Source – 2018 & 2027

North America Blood meal Market, by Source – 2018 & 2027

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Application-Based Market Insights

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.

 

Process-Based Market Insights

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.

 

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 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.

 

Report Spotlights

  • Progressive industry trends in the North Americablood mealmarket that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the North Americablood mealmarket from 2017 to 2027
  • Estimation of North Americablood 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 North America
  • Market trends and outlook, coupled with factors driving and restraining the growth of the North Americablood mealmarket
  • Decision-making process by understanding strategies that underpin commercial interest with regard to the North Americablood mealmarket growth
  • North Americablood mealmarket size at various nodes of market
  • Detailed overview and segmentation of the North Americablood mealmarket, as well as its dynamics in the industry
  • North Americablood meal market size in various regions with promising growth opportunities

 

North America Blood meal Market – By Source

  • Porcine Blood
  • Poultry Blood
  • Ruminant Blood


North America Blood mealMarket – By Application

  • Porcine Feed
  • Poultry Feed
  • Ruminant Feed
  • Aqua Feed
  • Others


North America Blood mealMarket- by Process

  • Solar Drying
  • Drum Drying
  • Ring and Flash Drying
  • Spray Drying


North AmericaBlood meal Market- by Country

  • US
  • Canada
  • Mexico

 

Company Profiles

  • Allanasons Pvt. Ltd.
  • APC Company, Inc.
  • Apelsa Guadalajara, SA de CV.
  • DAR PRO Ingredients
  • Ridley Corporation Limited
  • Sanimax
  • Terramar Chile SpA
  • The Boyer Valley Company, Inc.
  • 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        North America Blood Meal Market – By Source

1.3.2        North America Blood Meal Market – By Application

1.3.3        North America Blood Meal Market – By Process

1.3.4        North America Blood Meal Market – By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Blood Meal Market Landscape

4.1         Market Overview

4.1.1        North America PEST Analysis

5.           North America 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.           North America Blood Meal– North America Market Analysis

6.1         North America Blood Meal Market Overview

6.2         North America: Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)

7.           North America 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: North America Blood Meal Market, Revenue Forecast to 2027 (US$ Mn)

7.4         Poultry Blood

7.4.1        Overview

7.4.2        Poultry Blood: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

7.5         Ruminant Blood

7.5.1        Overview

7.5.2        Ruminant Blood: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

8.           North America Blood Meal Market Analysis – By Application

8.1         Overview

8.2         North America Blood Meal Market, By Application (2018 and 2027)

8.3         Porcine Feed

8.3.1        Overview

8.3.2        Porcine Feed: North America Blood Meal Market, Revenue Forecast to 2027 (US$ Mn)

8.4         Poultry Feed

8.4.1        Overview

8.4.2        Poultry Feed: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

8.5         Ruminant Feed

8.5.1        Overview

8.5.2        Ruminant Feed: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

8.6         Aqua Feed

8.6.1        Overview

8.6.2        Aqua Feed: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

8.7         Others

8.7.1        Overview

8.7.2        Others: North America Blood Meal Market, Revenue and Forecast to 2027 (US$ Mn)

9.           North America Blood Meal Market Analysis – By Process

9.1         Overview

9.2         North America Blood Meal Market, By Process (2018 and 2027)

9.3         Solar Drying

9.3.1        Overview

9.3.2        Solar Drying: North America Blood Meal Market Revenue and Forecast, to 2027 (US$ Mn)

9.4         Drum Drying

9.4.1        Overview

9.4.2        Drum Drying: North America 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: North America Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)

9.6         Spray Drying

9.6.1        Overview

9.6.2        Spray Drying: North America Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)

10.        North America Blood Meal Market – Country Analysis

10.1      Overview

10.1.1     North America: Blood Meal Market – Revenue and Forecast to 2027(US$ Mn)

10.1.2     North America: Blood Meal Market, by Key Country

10.1.2.1       US: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.2.1.1       US: Blood Meal Market, by Source

10.1.2.1.2       US: Blood Meal Market, by Process

10.1.2.1.3       US: Blood Meal Market, by Application

10.1.2.2       Canada: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.2.2.1       Canada: Blood Meal Market, by Source

10.1.2.2.2       Canada: Blood Meal Market, by Process

10.1.2.2.3       Canada: Blood Meal Market, by Application

10.1.2.3       Mexico: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

10.1.2.3.1       Mexico: Blood Meal Market, by Source

10.1.2.3.2       Mexico: Blood Meal Market, by Process

10.1.2.3.3       Mexico: Blood Meal Market, by Application

11.        Impact of COVID-19 Pandemic on North America Blood Meal Market

11.1      Overview

11.2      North America: 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      DAR PRO Ingredients

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

12.5      Ridley Corporation Limited

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

12.5.6     Key Developments

12.6      Sanimax

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      Terramar Chile SpA

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      The Boyer Valley Company, Inc.

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

12.9      Valley Proteins, Inc.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.10   FASA Group

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

13.        Appendix

13.1      About the Insight Partners

13.2      Glossary

LIST OF TABLES

Table 1.             North America Blood Meal Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             US Blood Meal Market, by Source – Revenue and Forecast to 2027 (USD Mn)

Table 3.             US Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)

Table 4.             US Blood Meal Market, by Process– Revenue and Forecast to 2027 (USD Mn)

Table 5.             Canada Blood Meal Market, by Source– Revenue and Forecast to 2027 (USD Mn)

Table 6.             Canada Blood Meal Market, by Process – Revenue and Forecast to 2027 (USD Mn)

Table 7.             Canada Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 8.             Mexico Blood Meal Market, by Source– Revenue and Forecast to 2027 (USD Mn)

Table 9.             Mexico Blood Meal Market, by Process – Revenue and Forecast to 2027 (USD Mn)

Table 10.          Mexico Blood Meal Market, by Application – Revenue and Forecast to 2027 (USD Mn)

Table 11.          Glossary of Terms, North America Blood Meal Market

 

LIST OF FIGURES

Figure 1.           North America Blood Meal Market Segmentations

Figure 2.           North America Blood Meal Market Segmentation – By Country

Figure 3.           North America Blood Meal Market Overview

Figure 4.           The Poultry Blood Segment Held Largest Share of North America Blood Meal Market By Source

Figure 5.           US Held Largest Share of North America Blood Meal Market

Figure 6.           North America Blood Meal Market, Industry Landscape

Figure 7.           North America– Pest Analysis

Figure 8.           Impact Analysis of Drivers And Restraints

Figure 9.           North America: Blood Meal Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 10.        North America: Blood Meal Market Revenue Share, by Source (2018 and 2027)

Figure 11.        Porcine Blood: North America Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 12.        Poultry Blood: North America Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 13.        Ruminant Blood: North America Blood Meal Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 14.        North America 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: North America 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: North America 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: North America 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: North America Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 24.        Spray Drying: North America Blood Meal Market – Revenue, and Forecast to 2027 (US$ Mn)

Figure 25.        North America: Blood Meal Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 26.        North America: Blood Meal Market Revenue Share, by Key Country (2018 and 2027)

Figure 27.        US: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 28.        Canada: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 29.        Mexico: Blood Meal Market –Revenue and Forecast to 2027 (US$ Mn)

Figure 30.        Impact of COVID-19 Pandemic In North America Country Market

 

The List of Companies  - North America Blood Meal Market

  1. AllanasonsPvt. Ltd.
  2. APC Company, Inc.
  3. Apelsa Guadalajara, SA de CV.
  4. DAR PRO Ingredients
  5. Ridley Corporation Limited
  6. Sanimax
  7. Terramar Chile SpA
  8. The Boyer Valley Company, Inc.
  9. Valley Proteins, Inc.
  10. 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 North America Blood Mealmarket, 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.
TIPRE00012092
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