The Asia Pacific blood meal market is accounted to US$ 712.86 Mn in 2018 and is expected to grow at a CAGR of 3.4% during 2019-2027, to account to US$ 963.49 Mn by 2027.
Blood Meal is fermented by naturally occurring microorganisms, chemicals, industrially produced 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.
The Asia Pacific Blood Meal market is growing along with the Food industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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The China contributed to the largest share of the Asia Pacific blood meal market. China is one of the largest producer and consumers of animal-derived products in Asia-Pacific. It is expected that the market for blood meal may experience growth due to expansion and establishment of manufacturing capabilities by major manufacturers in the coming years. Also, as per the Food and Agriculture Organization (FAO), the demand for livestock products has substantially gone up in the country which is expected to bolster the growth of the market. Additionally, the demand for animal protein is rising in the country so as to boost the health and growth of the animals. This is expected to have a positive impact upon the growth of the blood meal market growth in China.
These factors are expected to offer broad growth opportunities in the Food industry and this is expected to cause the demand for Blood Meal assays in the market.
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Asia Pacific Blood meal Market – By Source
• Porcine Blood
• Poultry Blood
• Ruminant Blood
Asia Pacific Blood meal Market – By Application
• Porcine Feed
• Poultry Feed
• Ruminant Feed
• Aqua Feed
Asia Pacific Blood meal Market – By Country
• South Korea
• Rest of Asia Pacific
Asia Pacific Blood meal Market- By Process
• Solar Drying
• Drum Drying
• Ring and Flash Drying
• Spray Drying
• Allanasons Pvt. Ltd.
• APC Company, Inc.
• Apelsa Guadalajara, SA de CV.
• Ridley Corporation Limited
• Terramar Chile SpA
• Valley Proteins, Inc.
• FASA Group
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