Market Overview
Global Blood Meal Market is anticipated to topple the figure of USD 2.1 Billion by 2025. This feat is expected to be achieved at a CAGR of 3.0%. Moreover, the market is expected to remain significant in between the forecast period of 2019 to 2025. Due to the growing competitive market and the significant number of active buyers and sellers can also be touted as the prime reason behind the establishment of the market. It is expected to accelerate at the developed nations over others.
It is the active participation of the prominent brands that are enriching the market. Because the Blood meal is an incredible protein source, the market provides every reason to remain established. Being used prominently as an animal feed can also be touted as a reason behind the growth of the market. With advent of high-end technology, this market is expected to be even more enriching around the globe. Moreover, arrival of smart ways of utilizing animal blood has encouraged the market.
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It is a fact that the Blood meal is prominently used as one of the high-nitrogen organic fertilizers. Greater contents of nitrogen, phosphorus, and potassium make it the most effective among all. There is an incredible demand for it among the fertilizer manufacturers. With the growth of poultry industry, this market can be more significant in upcoming days. To be specific, the developing nations are expected to be prominent players and contributors to the global growth of the market.
Key Players
Darling Ingredients Inc. (US), Terramar Chile SpA. (Chile), West Coast Reduction Ltd. (Canada), Valley Proteins Inc. (US), Ridley Corporation Limited (Australia), Allanasons Pvt Ltd (India), The Boyer Valley Company (US), FASA Group (Brazil), Sanimax (US), APC, Inc. (US), APELSA Guadalajara SA de CV (Mexico), Agro-industrial Complex Bačka Topola LTD (Serbia) and The Jobe’s Company (US)
Industry News
3rd Watch News publishes a report about the international Blood Meal Market. The report identifies the key markets where this segment is expected to be the most prominent. In concurrence, it is expected to get fuelled by the significant contribution of the investors and market players. The report also figures out key regions where market remains dominant.
Segmentation
International Blood Meal Market can be segmented based on source, process, application, and region. Based on source, the market is further categorized into poultry blood, porcine blood, and ruminant blood. In terms of process, market is further categorized into solar drying, drum drying, ring, and flash drying, and spray drying. Based on application, the market is further segmented into animal feed and fertilizers. In terms of region, the market is further segmented into North America, Europe, and Asia Pacific and rest of the world. North America is said to be the most prominent of all.
Regional Analysis
Regionally, international Blood Meal Market is further segmented into North America, Europe, and Asia Pacific and rest of the world. North America is undoubtedly the most prominent of all. It’s the presence of a significant animal feed industry and growing level of consumption of meat products, starting from meat, eggs, and milk, the market is the most established. European market is equally prominent as well, being led by the UK mostly. Germany is also one of the leading contributors to the market. India, China, and Japan are among the leading nations in Asia Pacific. Middle East and Africa are equally promising, among others.
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