Product Code: ETC380424 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India blood meal market is expected to reach US$ 662.7 million and further make impressive growth at a CAGR of 5.6% during the forecast period. Growing demand for organic fertilizers and aquaculture feed products that need high nutrient content are some of the major factors driving the growth of this market. Additionally, increasing awareness among consumers about animal nutrition has also resulted in increased adoption of blood meal supplements among farmers.
The India blood meal market is experiencing significant growth, driven by several key drivers. Firstly, the increasing use of blood meal as a high-protein supplement in animal feed formulations is propelling the market. Blood meal is a valuable source of protein and amino acids for livestock and poultry, promoting their growth and overall health.Additionally, the rising demand for organic fertilizers and the use of blood meal as a nutrient-rich soil amendment in agriculture are supporting market growth. Blood meal`s role in improving soil fertility and enhancing crop productivity is driving its adoption among farmers.
The blood meal market in India, which is predominantly used as a protein-rich animal feed additive, faces challenges related to the sourcing and processing of blood meal. The regulatory framework surrounding the use of blood meal in animal feed can be complex, leading to compliance issues for manufacturers. Additionally, concerns over disease transmission and quality control pose continuous challenges for the industry.
Blood meal is a byproduct of the meat processing industry and is used as a high-protein animal feed ingredient. The blood meal market in India is linked to the growth of the livestock and poultry sectors. As the demand for animal protein rises, the need for quality feed ingredients also increases. Blood meal provides a valuable source of protein, but its market growth can be affected by factors such as slaughterhouse practices, competition from other protein sources, and price fluctuations.
Key companies operating in the India blood meal market are BloodWorks India Pvt. Ltd., RedCell Supplements, Hemoglobin Industries India, BloodFeed Tech Pvt. Ltd., and ProteinVital Extracts.