NEW YORK, May 08, 2019 (GLOBE NEWSWIRE) -- The global blood meal market is expected to witness a CAGR of 2.84% to reach USD 1,950 million by 2025. Increasing demand from APAC region is expected to drive the market growth over the forecast period. Moreover, the increasing use of blood meal as a fertilizer offers a business opportunity for new entrants in the market.
Economic growth trends in developing countries have led to rising incomes and are contributing to dietary change of the demographic. This has given impetus to the meat production market of this region, in turn propelling the market for a blood meal. An opportunity lies in blood meal production in APAC, as it caters to the largest market and is likely to dominate the market over the forecast period.
Key findings from the report:
Poultry Blood Segment: the fastest CAGR from 2015 to 2018
Poultry blood segment held the fastest CAGR from 2015 to 2018 and the trend is likely to continue over the forecast period. Global production of poultry meat has increased rapidly over the last decade, led by the USA, followed by China and Brazil. Remnant blood from the poultry slaughterhouse is used by manufacturers to produce blood meals, giving impetus to the market. The market for poultry farming is rapidly increasing, so the trend of poultry segment is likely to continue over the forecast period.
Browse full research report with TOC on "Global Blood Meal Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2019-2025" at: https://www.energiasmarketresearch.com/global-blood-meal-market-report/
To purchase report: sales@energiasmarketresearch.com
Blood Meal - Regional insight
Asia-Pacific is expected to hold the largest share of the market over the forecast period. This is attributed to APAC’s largest share of the global animal feed market catering to the huge animal industry of this region. Furthermore, the rise in per capita income of the target demographic of this region is anticipated to drive the market growth in the coming years. Additionally, high production of blood meal products owing to increasing consumption of red and processed meat products in this region is expected to propel the market growth over the forecast period.
The report segments blood meal market based on drying process, source, application, and region.
By Drying Process
By Source
By Application
By Region
About Energias Market Research Pvt. Ltd. -
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Alan Andrews
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915