Thailand Blood Meal Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Thailand Blood Meal Market Synopsis

The Thailand Blood Meal Market is anticipated to grow during the forecast period. Blood meal is a powder made by grinding up dried blood and this powder is used as a high-protein animal feed ingredient. This blood powder is rich in iron and other minerals, and this makes it a valuable supplement for livestock diets. This product is also used as a fertilizer owing to its high nitrogen content.

The Blood Meal Market in Thailand is driven by the rising demand for meat and poultry products. The rising number of slaughterhouses and poultry farms are estimated to drive the demand for blood meal market in the country. The rising awareness of the nutritional advantages of blood meal among farmers is also a major key driver for the market growth. However, the availability of alternative protein sources like fishmeal and soybean meal is estimated to restraint market growth.

According to 6Wresearch, the Thailand Blood Meal Market size is expected to grow during 2022-2028. The Blood Meal Market in Thailand is driven by the rising demand for meat and poultry products. The rising number of slaughterhouses and poultry farms are estimated to drive the demand for blood meal market in the country. The rising awareness of the nutritional advantages of blood meal among farmers is also a major key driver for the market growth.

The blood meal market in the country is also being driven by the growing awareness of the advantages of using blood meal as an animal feed ingredient. This product is a rich source of protein and amino acids, and it is also used to enhance digestibility and feed conversion ratios. The Thailand Blood Meal Market Share is estimated to boost. The competition level is higher in the market.

COVID-19 Impact on Thailand Blood Meal Industry

Thailand Blood Meal Market which is an essential part of the Asia Pacific Blood Meal Market faced several challenges during the pandemic. The outbreak of COVID-19 pandemic created an adverse impact on the market as the nation is one of the key exporters of blood meal around the globe.

The spread of the virus led to a reduction in demand for blood meal as the virus affected the livestock industry globally. The reduction in demand has resulted in a decline in blood meal costs in Thailand. Also, the lockdown imposed by the Thailand government to control the spread of the deadly virus disrupted the supply chain of blood. It also halted production.

Market Analysis by Source

Based on source, the market can be divided into Porcine Blood, Poultry Blood, and Ruminant Blood. Each of these segments have been growing well within the market. These segments are estimated to boost the market growth.

Market Analysis by Application

Based on application, the market can be divided into Poultry Feed, Porcine Feed, Ruminant Feed, Aqua Feed, Natural Pest Deterrent, and Organic Fertilizer. Each of these segments is growing well in the market. The market is estimated to dominate the market in the near future.

Blood Meal Market in Thailand Drivers

The Blood Meal Market in Thailand is driven by the rising demand for meat and poultry products. The rising number of slaughterhouses and poultry farms are estimated to drive the demand for blood meal market in the country. The rising awareness of the nutritional advantages of blood meal among farmers is also a major key driver for the market growth.

The blood meal market in the country is also being driven by the growing awareness of the advantages of using blood meal as an animal feed ingredient. This product is a rich source of protein and amino acids, and it is also used to enhance digestibility and feed conversion ratios. The Thailand Blood Meal Market Share is estimated to boost.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Thailand Blood Meal Market Outlook
• Market Size of Thailand Blood Meal Market, 2021
• Forecast of Thailand Blood Meal Market, 2028
• Historical Data and Forecast of Thailand Blood Meal Revenues & Volume for the Period 2018 - 2028
• Thailand Blood Meal Market Trend Evolution
• Thailand Blood Meal Market Drivers and Challenges
• Thailand Blood Meal Price Trends
• Thailand Blood Meal Porter's Five Forces
• Thailand Blood Meal Industry Life Cycle
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Source for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Porcine Blood for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Poultry Blood for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Ruminant Blood for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Application for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Poultry Feed for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Porcine Feed for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Ruminant Feed for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Aqua Feed for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Natural Pest Deterrent for the Period 2018 - 2028
• Historical Data and Forecast of Thailand Blood Meal Market Revenues & Volume By Organic Fertilizer for the Period 2018 - 2028
• Thailand Blood Meal Import Export Trade Statistics
• Market Opportunity Assessment By Source
• Market Opportunity Assessment By Application
• Thailand Blood Meal Top Companies Market Share
• Thailand Blood Meal Competitive Benchmarking By Technical and Operational Parameters
• Thailand Blood Meal Company Profiles
• Thailand Blood Meal Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Source

• Porcine Blood
• Poultry Blood
• Ruminant Blood

By Application

• Poultry Feed
• Porcine Feed
• Ruminant Feed
• Aqua Feed
• Natural Pest Deterrent
• Organic Fertilizer

Thailand Blood Meal Market: FAQs