A blood meal is a dried & inert powder prepared from the blood of different livestock, including cattle, pigs, and chickens, under very specific conditions. It is utilized as a high nitrogen organic fertilizer and as a high protein feed for animals. It is considered one of the highest non synthetic sources of nitrogen. A blood meal is used as a dietary supplement for livestock, and it is mainly included in supplying dietary lysine for livestock. Bone meal, blood meal, and other animal by-products are authorized in certified organic production, mainly as soil amendments. A blood meal is another bone meal; however, blood meal carries a higher amount of nitrogen, while a bone meal holds phosphorus. A blood meal is further used as a composting activator. Blood meal can also be spread over gardens to deter pest animals like rabbits.

The blood meal market in the North American region is expected to grow at the highest CAGR of 4.1% during the forecast period. The growth of the livestock industry plays a most crucial role in meeting the growing demand for food. And blood meal is highly utilized in the animal feed industry in terms of aquafeed, ruminant feed, and poultry feed. The production, as well as consumption of blood meal, is further increasing in the US owing to increasing demand for healthy food options coupled with a rising focus regarding organic product among the population. The increase in disposable per capita income of consumers has further motivated them to look forward to even healthy feed ingredients, which are presumed to boost the growth of the market. Most of the manufacturers are also taking advantages of utilizing less costly ingredient like blood meal in animal feed.

Effect of COVID-19 Upon Blood Meal Market

The recent COVID-19outbreak began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across all regions in the world. As of May 2020, the US, India, Brazil, Russia, Spain, the UK, and some other countries are among the worst-hit countries in terms of confirmed cases and reported deaths. The outbreak has been affecting economies in various countries due to lockdowns, travel bans, and business shutdowns called protective measures to stop the spread of COVID-19. The food processing industry is considered as one of the major industries in the world that are suffering serious factory shutdown, supply chain disruptions, technology events cancellations, and office shutdowns because of this outbreak. Even though some of the manufacturers are trying to recover their loss by implementing new strategies, it will take ample time to overcome the pandemic loss.