Global Blood Meal for Aquafeed Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Source;
Porcine Blood, Poultry Blood and Ruminant Blood.By Process;
Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Blood Meal for Aquafeed Market (USD Million), 2021 - 2031
In the year 2024, the Global Blood Meal for Aquafeed Market was valued at USD 825.74 million. The size of this market is expected to increase to USD 1161.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.
The Global Blood Meal for Aquafeed Market represents a vital sector within the aquaculture industry, catering to the nutritional needs of aquatic species through the utilization of blood meal derived from animal sources. Blood meal serves as a rich source of protein, essential amino acids, vitamins, and minerals, making it a valuable ingredient in aquafeed formulations. As the aquaculture sector continues to expand to meet the growing global demand for seafood, the demand for high-quality, nutritionally balanced feed ingredients like blood meal is also on the rise.
Aquaculture, the farming of aquatic organisms such as fish, shrimp, and mollusks, has become increasingly prominent as a means to supplement wild fish stocks and meet the protein needs of a growing population. Blood meal is particularly favored in aquafeed formulations due to its high protein content and digestibility, which contribute to the optimal growth, health, and performance of farmed aquatic species. This has led to the widespread adoption of blood meal as a key component in commercial aquafeeds across various species and production systems.
The Global Blood Meal for Aquafeed Market is driven by factors such as the expansion of the aquaculture industry, increasing consumer demand for seafood, and advancements in feed formulation technology. As aquaculture production continues to grow to meet the rising demand for fish and seafood products, particularly in emerging economies, the demand for high-quality aquafeed ingredients like blood meal is expected to remain strong.
The market for blood meal in aquafeed is distributed across regions with significant aquaculture production, including Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. Each region has its unique aquaculture industry dynamics, species preferences, and regulatory frameworks, which influence the consumption patterns and market demand for blood meal in aquafeed formulations.
The Global Blood Meal for Aquafeed Market plays a crucial role in supporting the sustainable growth and development of the aquaculture industry worldwide. With its nutritional benefits and widespread application in aquafeed formulations, blood meal continues to be a cornerstone ingredient in the production of high-quality feeds for farmed aquatic species, driving growth and innovation within the aquafeed sector.
Global Blood Meal for Aquafeed Market Recent Developments
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In October 2023, Hamlet Protein announces the launch of a new blood meal product specifically formulated for aqua feed, aiming to improve fish growth and sustainability.
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In August 2023, NexGen Bioproducts unveils a new blood meal processing technology that reduces energy consumption and improves product quality.
Segment Analysis
The Global Blood Meal for Aquafeed Market, segmented by source, process, and geography, is expected to witness significant growth from 2020 to 2030. The market segmentation by source includes porcine blood, poultry blood, and ruminant blood, each offering unique nutritional profiles and characteristics for aquafeed formulations. Porcine blood, derived from pigs, is anticipated to hold a prominent market share, owing to its high protein content and availability as a by-product of the pork industry. Poultry blood, sourced from chickens and other poultry, is also expected to contribute substantially to the market, driven by the increasing poultry production globally. Ruminant blood, obtained from cattle and other ruminant animals, may hold a smaller market share due to regulatory constraints and concerns over bovine spongiform encephalopathy (BSE).
In terms of processing methods, the market is segmented into solar drying, drum drying, ring and flash drying, and spray drying. Solar drying, a traditional and cost-effective method, is anticipated to remain prevalent, especially in regions with abundant sunlight such as Asia-Pacific and Africa. Drum drying and ring and flash drying methods offer advantages in terms of efficiency and product quality, catering to the demand for premium-quality blood meal for aquafeed formulations. Spray drying, known for its ability to produce fine and uniform particles, is expected to gain traction, driven by advancements in drying technology and the need for high-quality blood meal with enhanced digestibility and palatability.
Global Blood Meal for Aquafeed Segment Analysis
In this report, the Global Blood Meal for Aquafeed Market has been segmented by Source, Process and Geography.
Global Blood Meal for Aquafeed Market, Segmentation by Source
The Global Blood Meal for Aquafeed Market has been segmented by Source into Porcine Blood, Poultry Blood and Ruminant Blood.
Porcine Blood serves as a significant source of blood meal in the aquafeed market, derived from the blood of pigs. This segment offers a rich source of protein and essential nutrients for aquatic species, contributing to their growth, health, and performance. Porcine blood meal is valued for its high protein content, digestibility, and nutritional profile, making it a preferred choice among aquafeed manufacturers seeking quality feed ingredients.
Poultry Blood constitutes another important segment in the Global Blood Meal for Aquafeed Market, sourced from chickens and other poultry species. Poultry blood meal offers comparable nutritional benefits to porcine blood meal, providing essential amino acids, vitamins, and minerals essential for the development and maintenance of farmed aquatic species. Its availability and affordability make poultry blood meal a popular choice for aquafeed formulations.
Ruminant Blood, sourced from cattle and other ruminant animals, represents another segment within the Global Blood Meal for Aquafeed Market. While less commonly used compared to porcine and poultry blood meal, ruminant blood meal still holds significance as a source of protein and nutrients for aquafeed production. Its nutritional composition and digestibility contribute to its suitability for meeting the dietary requirements of various aquaculture species.
The segmentation of the Global Blood Meal for Aquafeed Market into Porcine Blood, Poultry Blood, and Ruminant Blood reflects the diversity of available sources and the versatility of blood meal as a key feed ingredient in aquafeed formulations. By offering multiple sourcing options, aquafeed manufacturers can tailor feed formulations to meet specific nutritional needs, production requirements, and market preferences, thereby supporting the sustainable growth and development of the aquaculture industry.
Global Blood Meal for Aquafeed Market, Segmentation by Process
The Global Blood Meal for Aquafeed Market has been segmented by Process into Solar Drying, Drum Drying, Ring and Flash Drying and Spray Drying.
One of the prominent techniques is solar drying, where blood is exposed to sunlight to facilitate evaporation and drying. This method offers a cost-effective and environmentally friendly approach to blood meal production, particularly in regions with ample sunlight availability. Solar drying preserves the nutritional integrity of blood meal while reducing energy consumption and processing costs, making it a preferred choice for some manufacturers.
Another widely utilized process in the segmentation of the Global Blood Meal for Aquafeed Market is drum drying. This method involves passing the blood through heated drums, where moisture is evaporated, resulting in dried blood meal. Drum drying offers efficiency and consistency in moisture removal, ensuring uniform product quality and shelf stability. It is commonly used in large-scale production facilities to meet the demand for blood meal in aquafeed formulations.
Ring and flash drying represent additional processes employed in blood meal production for aquafeed. In ring drying, blood is sprayed onto a heated surface in a circular motion, facilitating rapid evaporation and drying. Flash drying involves passing hot air through a chamber containing atomized blood, resulting in instantaneous evaporation and drying. Both methods offer advantages in terms of rapid processing and high throughput, making them suitable for large-scale production of blood meal for aquafeed applications.
Spray drying is another notable process segment in the Global Blood Meal for Aquafeed Market, where liquid blood is atomized into fine droplets and dried by hot air in a spray dryer. This method enables the production of blood meal with consistent particle size and enhanced solubility, making it suitable for incorporation into aquafeed formulations. Spray drying offers precise control over drying parameters and product characteristics, allowing manufacturers to tailor blood meal products to meet specific requirements for different aquaculture species and feed formulations.
Global Blood Meal for Aquafeed Market, Segmentation by Geography
In this report, the Global Blood Meal for Aquafeed Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Blood Meal for Aquafeed Market Share (%), by Geographical Region, 2024
Europe holds a considerable share of the global market, driven by the region's thriving aquaculture sector and stringent regulatory standards promoting sustainable aquafeed practices. Countries such as Norway, Scotland, and Greece have established aquaculture industries that rely on high-quality feed ingredients like blood meal to support the nutritional needs of farmed fish and shellfish. Growing consumer demand for sustainably sourced seafood products in Europe drives the adoption of eco-friendly aquafeed formulations, further bolstering the market share for blood meal.
North America also contributes significantly to the global market share of blood meal for aquafeed, fueled by the region's robust aquaculture industry and increasing focus on sustainable aquafeed solutions. The United States and Canada have well-established aquaculture sectors producing a variety of species, including salmon, trout, and tilapia, which rely on blood meal as a protein-rich feed ingredient. Advancements in aquafeed formulation technologies and a growing emphasis on reducing reliance on fishmeal contribute to the demand for alternative protein sources like blood meal in North America.
Latin America represents another important region in the Global Blood Meal for Aquafeed Market, characterized by emerging aquaculture industries and a growing demand for aquafeed ingredients. Countries like Chile, Ecuador, and Brazil are major producers of farmed fish and shrimp, driving the demand for high-quality feed inputs like blood meal to support aquaculture production. Favorable climatic conditions and abundant water resources in Latin America create conducive environments for aquaculture development, further stimulating market growth for blood meal as a vital component of aquafeed formulations.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Blood Meal for Aquafeed Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Aquaculture Industry
- Nutritional Benefits
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Focus on Feed Efficiency: As aquaculture operations face mounting pressure to enhance feed efficiency and minimize production costs, feed manufacturers are actively pursuing nutritionally balanced ingredients to optimize growth rates and feed conversion ratios. Blood meal emerges as a compelling choice due to its exceptional nutrient density and digestibility, which align with the industry's objectives of achieving cost-effective and efficient aquafeeds. By incorporating blood meal into feed formulations, manufacturers can capitalize on its rich protein content, essential amino acids, vitamins, and minerals, thus supporting the optimal growth and development of farmed aquatic species while minimizing feed wastage and maximizing nutritional value. The nutrient profile of blood meal lends itself well to addressing the nutritional requirements of aquaculture species, contributing to improved growth performance and overall health. Its high protein content and digestibility ensure that aquatic organisms can efficiently utilize the nutrients, resulting in enhanced feed conversion ratios and reduced feed costs per unit of production. This makes blood meal an attractive ingredient for formulating aquafeeds that deliver superior performance outcomes, meeting the demands of both producers and consumers for sustainable and cost-effective aquaculture practices.
As feed manufacturers continue to explore ways to streamline production processes and optimize feed formulations, blood meal remains a valuable component in their quest to achieve feed efficiency and cost savings. Its versatility and compatibility with other feed ingredients allow for flexible formulation strategies tailored to specific species and production requirements, reinforcing its position as a key ingredient in the quest for efficient and sustainable aquafeed solutions.
Restraints:
- Price Volatility
- Regulatory Constraints
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Availability of Alternative Feed Ingredients: The Global Blood Meal for Aquafeed Market faces challenges from the availability and affordability of alternative protein sources, which could potentially erode its market share. Plant-based proteins, soybean meal, and fishmeal substitutes offer viable alternatives to blood meal, catering to the nutritional needs of aquatic species while providing cost-effective options for aquafeed manufacturers. The growing accessibility of these alternative ingredients presents a competitive challenge to blood meal, prompting aquafeed manufacturers to explore diversification strategies to reduce reliance on blood meal and enhance the sustainability of their feed formulations. Aquafeed manufacturers are increasingly opting for alternative ingredients to mitigate dependence on blood meal and diversify feed formulations. By incorporating plant-based proteins, soybean meal, and fishmeal substitutes into aquafeeds, manufacturers can achieve balanced nutrition profiles while reducing costs and potentially improving feed efficiency. This strategic shift allows aquafeed producers to adapt to changing market dynamics, meet evolving consumer preferences for sustainable aquaculture practices, and maintain competitiveness in the global aquafeed market.
While alternative protein sources pose a competitive challenge to blood meal, they also present opportunities for innovation and differentiation in the aquafeed industry. Aquafeed manufacturers can leverage advancements in processing technologies, formulation techniques, and ingredient sourcing to develop high-quality feed formulations that combine blood meal with alternative proteins for optimal performance and sustainability. By embracing a holistic approach to feed formulation that incorporates a diverse range of protein sources, aquafeed manufacturers can enhance the nutritional value, palatability, and environmental sustainability of their products, thereby addressing market challenges while capitalizing on emerging opportunities in the aquafeed market.
Opportunities:
- Expansion of Aquaculture Production
- Technological Advancements
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Product Diversification: Diversification in blood meal-based products and formulations tailored to various aquaculture species, growth stages, and nutritional requirements opens avenues for market expansion within the aquafeed industry. Customization of feed formulations by incorporating blood meal alongside other feed ingredients and additives allows for the precise targeting of specific nutritional needs and performance objectives of different farmed aquatic species. By offering specialized feeds that cater to the unique dietary requirements of various species, aquafeed manufacturers can enhance market competitiveness and meet the evolving demands of aquaculture producers. The development of customized feed formulations incorporating blood meal enables aquafeed manufacturers to address the diverse nutritional requirements of aquatic species at different growth stages. Whether it's juvenile fish, shrimp larvae, or adult fish, each life stage has distinct dietary needs that can be met through tailored feed formulations. By providing feeds optimized for growth, health, and performance at each stage of the aquaculture production cycle, manufacturers can enhance the efficiency and profitability of aquaculture operations, driving market expansion.
The ability to tailor feed formulations to address specific performance objectives, such as improving feed conversion ratios, enhancing disease resistance, or promoting coloration in ornamental fish, enhances customer satisfaction and loyalty. Aquaculture producers seek feed solutions that deliver optimal results and contribute to the overall success of their operations. Customized feed formulations incorporating blood meal allow producers to achieve their performance goals while ensuring the nutritional well-being of their aquatic stock, thereby fostering long-term partnerships and driving market growth.
Competitive Landscape Analysis
Key players in Global Blood Meal for Aquafeed Market include, Terramar, West Coast Reduction Ltd., Valley Proteins, Inc.
- Terramar
- West Coast Reduction Ltd
- Valley Proteins, Inc
- Ridley Corporation Limited
- Allanasons Pvt Ltd
- The Boyer Valley Company, Inc
- FASA
- Sanimax Industries Inc
- APC Company, Inc
- Apelsa Guadalajara
- The Fertrell Company
- Agro-industrial Complex Ba?ka Topola LTD
- Darling Ingredients Inc
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By Process
- Market Snapshot, By Region
- Global Blood Meal for Aquafeed Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing Aquaculture Industry
- Nutritional Benefits
- Focus on Feed Efficiency
- Restraints
- Price Volatility
- Regulatory Constraints
- Availability of Alternative Feed Ingredients
- Opportunities
- Expansion of Aquaculture Production
- Technological Advancements
- Product Diversification
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Blood Meal for Aquafeed Market, By Source, 2021 - 2031 (USD Million)
- Porcine Blood
- Poultry Blood
- Ruminant Blood
- Global Blood Meal for Aquafeed Market, By Process, 2021 - 2031 (USD Million)
- Solar Drying
- Drum Drying
- Ring and Flash Drying
- Spray Drying
- Global Blood Meal for Aquafeed Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Blood Meal for Aquafeed Market, By Source, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Terramar
- West Coast Reduction Ltd
- Valley Proteins, Inc
- Ridley Corporation Limited
- Allanasons Pvt Ltd
- The Boyer Valley Company, Inc
- FASA
- Sanimax Industries Inc
- APC Company, Inc
- Apelsa Guadalajara,
- The Fertrell Company
- Agro-industrial Complex Ba?ka Topola LTD
- Darling Ingredients Inc
- Company Profiles
- Analyst Views
- Future Outlook of the Market