Table of Content

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 STUDY SCOPE 13
1.4 PERIODIZATION CONSIDERED 14
1.5 CURRENCY CONSIDERED 14
1.6 UNITS CONSIDERED 15
1.7 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Breakdown of primary interviews 18
2.2 MARKET SIZE ESTIMATION 18
2.3 DATA TRIANGULATION 21
2.4 RESEARCH ASSUMPTIONS 22
2.5 RESEARCH LIMITATIONS 23

3 EXECUTIVE SUMMARY 24

4 PREMIUM INSIGHTS 29
4.1 ATTRACTIVE OPPORTUNITIES IN THE BLOOD MEAL MARKET 29
4.2 BLOOD MEAL MARKET, BY REGION 30
4.3 BLOOD MEAL MARKET, BY SOURCE 31
4.4 ASIA PACIFIC: BLOOD MEAL MARKET, BY SOURCE & COUNTRY 32

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 34
5.2 REGULATIONS 34
5.2.1 SOUTH AFRICA 34
5.2.2 JAPAN 35
5.2.3 FEED REGULATION ON BSE PREVENTION IN JAPAN 35
5.3 FAO 36
5.3.1 “ANIMAL PROTEINS PROHIBITED FROM USE IN RUMINANT FEED,” TITLE 21, CODE OF FEDERAL REGULATIONS, PART 589.2000, EFFECTIVE DATE: AUGUST 4, 1997 36
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5.4 MARKET DYNAMICS 36
5.4.1 DRIVERS 37
5.4.1.1 Increase in demand for meat products in developing countries 37
5.4.1.2 Growth in feed production 37
5.4.1.3 Increase in demand for aquaculture products 38
5.4.2 RESTRAINTS 38
5.4.2.1 Rising operational and raw material costs 38
5.4.2.2 Stringent regulatory framework 38
5.4.3 OPPORTUNITIES 39
5.4.3.1 Increase in demand for nutritional supplements for monogastric animals 39
5.4.4 CHALLENGES 39
5.4.4.1 Quality of feed additive products manufactured by Asian companies 39

6 BLOOD MEAL MARKET, BY SOURCE 40
6.1 INTRODUCTION 41
6.2 PORCINE BLOOD 42
6.2.1 PORCINE BLOOD MEAL IS EXPECTED TO EXPERIENCE NOTABLE DEMAND IN THE COMING YEARS, OWING TO ITS HEALTH BENEFITS 42
6.3 POULTRY BLOOD 43
6.3.1 THE INCREASING DEMAND FOR POULTRY MEAT AND EGGS IS EXPECTED TO DRIVE THE MARKET FOR POULTRY BLOOD MEAL 43
6.4 RUMINANT BLOOD 45
6.4.1 RISING TREND OF ON-FARM BLOOD MIXING BY SMALL FARMERS, MILLERS, AND LIVESTOCK MANUFACTURERS FOR PROVIDING SPECIFIC NUTRIENTS TO ANIMALS REQUIRED QUANTITIES IS DRIVING THE DEMAND OF RUMINANT BLOOD 45

7 BLOOD MEAL MARKET, BY APPLICATION 47
7.1 INTRODUCTION 48
7.2 PORCINE FEED 49
7.2.1 BLOOD MEAL IS HIGH IN CRUDE PROTEIN AND IS COMMONLY USED AS A PROTEIN SOURCE IN DIETS FOR PORCINE 49
7.3 POULTRY FEED 50
7.3.1 GROWING CONCERNS ABOUT ANIMAL HEALTH AND CONSUMER PREFERENCES FOR A SPECIFIC COLOR OF YOLK AND MEAT HAVE LED TO INCREASING DEMAND FOR BLOOD MEAL 50
7.4 RUMINANT FEED 52
7.4.1 THE ADDITION OF BLOOD MEAL NOT ONLY INCREASES THE PRODUCTION OF END-PRODUCTS OBTAINED FROM RUMINANTS BUT ALSO IMPROVES THEIR HEALTH AND IMMUNE SYSTEMS 52
7.5 AQUA FEED 53
7.5.1 WITH THE INCREASING CONSUMPTION OF FISH AND FISH-BASED PRODUCTS GLOBALLY, THE DEMAND FOR BLOOD MEAL IN THE AQUATIC ANIMALS SEGMENT REMAINS HIGH 53

8 BLOOD MEAL MARKET, BY PROCESS 55
8.1 INTRODUCTION 55
8.1.1 SOLAR DRYING 55
8.1.2 DRUM DRYING 55
8.1.3 RING AND FLASH DRYING 55
8.1.4 SPRAY DRYING 55

9 BLOOD MEAL MARKET, BY REGION 56
9.1 INTRODUCTION 57
9.2 NORTH AMERICA 59
9.2.1 US 63
9.2.1.1 Increasing consumption of livestock products such as meat, eggs, and milk as a source of energy 63
9.2.2 CANADA 64
9.2.2.1 Export of pork and other meat products to drive domestic slaughter 64
9.2.3 MEXICO 64
9.2.3.1 Increased demand for meat and pork products in the country 64
9.3 EUROPE 65
9.3.1 GERMANY 69
9.3.1.1 The country houses 330 feed mills, with a feed production of over 27 million tons annually 69
9.3.2 UK 70
9.3.2.1 The country is expected to maintain a higher growth rate for blood meal owing to increased demand for nutritional livestock feed, growth in focus on livestock welfare, and adoption of advanced feed manufacturing systems 70
9.3.3 FRANCE 70
9.3.3.1 France is one of the major contributors for feed in the EU region, with over 300 feed mills in the country resulting in a feed production of over 25 million tons 70
9.3.4 SPAIN 71
9.3.4.1 The continual increase in the demand for meat and dairy products has encouraged manufacturers to produce better quality, and nutritious livestock feed products incorporating blood meal 71
9.3.5 ITALY 72
9.3.5.1 According to Association of Poultry Processors and Poultry Trade in the EU (AVEC), Italy stood sixth in the production of poultry meat in the region 72
9.3.6 REST OF EUROPE 73
9.4 ASIA PACIFIC 73
9.4.1 CHINA 77
9.4.1.1 Wide consumption of pork in the Chinese market 77
9.4.2 VIETNAM 78
9.4.2.1 Consumers in the country are shifting toward animal protein sources owing to the increase in income levels 78
9.4.3 PHILIPPINES 80
9.4.3.1 Increased demand for poultry products 80
9.4.4 AUSTRALIA & NEW ZEALAND 80
9.4.4.1 Increase in pork consumption 80
9.4.5 REST OF ASIA PACIFIC 81
9.4.5.1 Presence of new revenue pocket countries 81
9.5 REST OF THE WORLD (ROW) 82
9.5.1 SOUTH AMERICA 84
9.5.1.1 Brazil and Argentina are among the top five beef producers and exporters 84
9.5.2 MIDDLE EAST & AFRICA 86
9.5.2.1 Increase in demand for meat products 86

10 COMPETITIVE LANDSCAPE 87
10.1 OVERVIEW 87
10.2 COMPETITIVE LANDSCAPE MAPPING, 2017 87
10.2.1 DYNAMIC DIFFERENTIATORS 87
10.2.2 INNOVATORS 87
10.2.3 VISIONARY LEADERS 87
10.2.4 EMERGING COMPANIES 87
10.3 RANKING OF KEY PLAYERS IN THE BLOOD MEAL MARKET 89

11 COMPANY PROFILES 90
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
11.1 DARLING INGREDIENTS 90
11.2 TERRAMAR 92
11.3 WEST COAST REDUCTION LTD. 93
11.4 VALLEY PROTEINS INC. 94
11.5 RIDLEY CORPORATION LIMITED 95
11.6 ALLANASONS PVT LTD 96
11.7 THE BOYER VALLEY COMPANY 97
11.8 FASA GROUP 98
11.9 SANIMAX 99
11.10 APC, INC. 100
11.11 APELSA GUADALAJARA 101
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
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12 APPENDIX 102
12.1 DISCUSSION GUIDE 102
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 106
12.3 AVAILABLE CUSTOMIZATIONS 108
12.4 RELATED REPORTS 109
12.5 AUTHOR DETAILS 110



List of Figures



FIGURE 1 BLOOD MEAL MARKET SEGMENTATION 13
FIGURE 2 REGIONAL SEGMENTATION 13
FIGURE 3 BLOOD MEAL MARKET: RESEARCH DESIGN 16
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION AND REGION 18
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 19
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 19
FIGURE 7 RESEARCH METHODOLOGY FLOW 20
FIGURE 8 DATA TRIANGULATION METHODOLOGY 21
FIGURE 9 BLOOD MEAL MARKET SNAPSHOT, 2017–2025 (USD MILLION) 25
FIGURE 10 POULTRY BLOOD SEGMENT, BY SOURCE, TO DOMINATE THE BLOOD MEAL MARKET THROUGHOUT 2025, IN TERMS OF VALUE 26
FIGURE 11 POULTRY FEED SEGMENT, BY APPLICATION, TO DOMINATE THE BLOOD MEAL MARKET THROUGH 2025, IN TERMS OF VALUE 27
FIGURE 12 BLOOD MEAL MARKET SHARE AND GROWTH (BY VALUE), BY REGION, 2018 28
FIGURE 13 GROWTH IN DEMAND FOR MEAT AND MEAT PRODUCTS TO
DRIVE THE BLOOD MEAL MARKET 29
FIGURE 14 ASIA PACIFIC TO DOMINATE THE BLOOD MEAL MARKET FROM 2019 TO 2025 30
FIGURE 15 THE POULTRY BLOOD SEGMENT IS ESTIMATED TO BE THE LARGEST SEGMENT OF THE BLOOD MEAL MARKET FROM 2019 TO 2025 31
FIGURE 16 THE PORCINE BLOOD SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC BLOOD MEAL MARKET IN 2018 32
FIGURE 17 CHINA, CANADA, AND INDIA ARE PROJECTED TO GROW AT THE HIGHEST RATES DURING THE FORECAST PERIOD 33
FIGURE 18 BLOOD MEAL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES 36
FIGURE 19 GLOBAL FEED PRODUCTION, 2012–2016, BY VOLUME 37
FIGURE 20 POULTRY BLOOD SEGMENT, BY SOURCE, 2019 VS. 2025 (USD MILLION) 41
FIGURE 21 POULTRY FEED SEGMENT TO DOMINATE THE BLOOD MEAL MARKET IN 2025 48
FIGURE 22 CHINA HELD THE LARGEST MARKET SHARE IN THE BLOOD MEAL MARKET
DURING THE FORECAST PERIOD 58
FIGURE 23 NORTH AMERICA: BLOOD MEAL SNAPSHOT 60
FIGURE 24 EUROPE: BLOOD MEAL MARKET SNAPSHOT 66
FIGURE 25 ASIA PACIFIC: BLOOD MEAL MARKET SNAPSHOT 74
FIGURE 26 DOMESTIC CONSUMPTION OF PORK IN CHINA, 2014–2018 (1000 METRIC TONS) 78
FIGURE 27 ANIMAL FEED INDUSTRY, VIETNAM, 2012–2020, (TONS) 79
FIGURE 28 SOUTH AMERICA: FEED PRODUCTION, BY SPECIES, 2016 (KT) 85
FIGURE 29 BLOOD MEAL MARKET, COMPETITIVE LEADERSHIP MAPPING, 2018 88
FIGURE 30 BLOOD MEAL MARKET RANKING, BY KEY PLAYER 2018 89
FIGURE 31 DARLING INGREDIENTS: COMPANY SNAPSHOT 90

 

List of Tables



TABLE 1 BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 41
TABLE 2 BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (KT) 42
TABLE 3 PORCINE BLOOD MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 42
TABLE 4 PORCINE BLOOD MARKET SIZE, BY REGION, 2017–2025 (KT) 43
TABLE 5 POULTRY BLOOD MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 44
TABLE 6 POULTRY BLOOD MARKET SIZE, BY REGION, 2017–2025 (KT) 44
TABLE 7 RUMINANT BLOOD MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 45
TABLE 8 RUMINANT BLOOD MARKET SIZE, BY REGION, 2017–2025 (KT) 46
TABLE 9 GLOBAL BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017-2025 (USD MILLION) 48
TABLE 10 GLOBAL BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017-2025 (KT) 49
TABLE 11 PORCINE FEED: BLOOD MEAL MARKET SIZE, BY REGION 2017-2025 (USD MILLION) 49
TABLE 12 PORCINE FEED: BLOOD MEAL MARKET SIZE, BY REGION, 2017-2025 (KT) 50
TABLE 13 POULTRY FEED: BLOOD MEAL MARKET SIZE, BY REGION 2017-2025 (USD MILLION) 51
TABLE 14 POULTRY FEED: BLOOD MEAL MARKET SIZE, BY REGION, 2017-2025 (KT) 51
TABLE 15 RUMINANT FEED: BLOOD MEAL MARKET SIZE, BY REGION 2017-2025 (USD MILLION) 52
TABLE 16 RUMINANT FEED: BLOOD MEAL MARKET SIZE, BY REGION, 2017-2025 (KT) 53
TABLE 17 AQUA FEED: BLOOD MEAL MARKET SIZE, BY REGION, 2017-2025 (USD MILLION) 54
TABLE 18 AQUA FEED: BLOOD MEAL MARKET SIZE, BY REGION, 2017-2025 (KT) 54
TABLE 19 BLOOD MEAL MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 58
TABLE 20 BLOOD MEAL MARKET SIZE, BY REGION, 2017–2025 (KT) 59
TABLE 21 NORTH AMERICA: BLOOD MEAL FEED MARKET SIZE, BY COUNTRY 2017–2025 (USD MILLION) 60
TABLE 22 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY COUNTRY, 2017–2025 (KT) 61
TABLE 23 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 61
TABLE 24 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (KT) 61
TABLE 25 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 62
TABLE 26 NORTH AMERICA: BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 62
TABLE 27 US: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 63
TABLE 28 CANADA: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 64
TABLE 29 MEXICO: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 65
TABLE 30 EUROPE: BLOOD MEAL MARKET SIZE, BY COUNTRY, 2017–2025 (USD MILLION) 67
TABLE 31 EUROPE: BLOOD MEAL MARKET SIZE, BY COUNTRY, 2017–2025 (KT) 67
TABLE 32 EUROPE: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 68
TABLE 33 EUROPE: BLOOD MEAL MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 68
TABLE 34 EUROPE: MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 68
TABLE 35 GERMANY: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 69
TABLE 36 UK: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 70
TABLE 37 FRANCE: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 71
TABLE 38 SPAIN: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 71
TABLE 39 ITALY: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 72
TABLE 40 REST OF EUROPE: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 73
TABLE 41 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY COUNTRY/REGION 2017–2025 (USD MILLION) 75
TABLE 42 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY COUNTRY/REGION, 2017–2025 (KT) 75
TABLE 43 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 76
TABLE 44 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (KT) 76
TABLE 45 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 76
TABLE 46 ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 77
TABLE 47 CHINA: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 78
TABLE 48 VIETNAM: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 79
TABLE 49 PHILIPPINES: BLOOD MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 80
TABLE 50 AUSTRALIA & NEW ZEALAND: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 81
TABLE 51 REST OF ASIA PACIFIC: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 81
TABLE 52 ROW: BLOOD MEAL MARKET SIZE, BY REGION, 2017–2025 (USD MILLION) 82
TABLE 53 ROW: BLOOD MEAL MARKET SIZE, BY REGION, 2017–2025 (KT) 82
TABLE 54 ROW: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 82
TABLE 55 ROW: BLOOD MEAL MARKET SIZE, BY SOURCE, 2017–2025 (KT) 83
TABLE 56 ROW: BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 83
TABLE 57 ROW: BLOOD MEAL MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 84
TABLE 58 SOUTH AMERICA: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 85
TABLE 59 MIDDLE EAST & AFRICA: BLOOD MEAL MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 86