Hemoglobin Feed Market is Segmented By Source (Bovine, Poultry, Synthetic, Swine, Shark), By Application (Industrial, Commercial), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Hemoglobin Feed Market Overview
The Global Hemoglobin Feed Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Hemoglobin feed is a protein-rich ingredient derived from animal blood that is used as a nutritional supplement in animal feed. It provides essential amino acids and helps improve animal health, growth, and productivity. The market is driven by the increasing demand for high-quality animal protein, the growing livestock industry, and the focus on animal nutrition and welfare. In America, the Global Hemoglobin Feed Market is witnessing significant growth. Key players in the market include Darling Ingredients Inc., Terramar GmbH, Lake Harvest Group, and other prominent players.
Hemoglobin feed is particularly formed by acquiring the red part of the platelets of swine. This feed is inferred by a warmth cycle, fractionation, and shower drying of pig blood. This feed includes rich protein content and high protein edibility, along with a minimal degree of cinders and fat. The feed is used as a protein hotspot for compound feed, pet food, mink feed, and water feed. The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. It is expected to be the dominating region over the forecast period. Government initiatives in the emerging economy in the direction of modernization of healthcare infrastructure and increase in awareness about hemoglobin feed are major factors behind the rising demand of the hemoglobin feed market in the Asia Pacific.
Hemoglobin Feed Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Source, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Hemoglobin Feed Market Dynamics
Rise in the Usage of hemoglobin powder as an alternative to fish meal
The requirement for meals meal has been boosting significantly in the animal production industry, which is estimated to create a shortage during the forecasted period. Thus, the shrimp feed industry has been searching for other protein sources or ingredients. This is expected to rise in demand for hemoglobin powder. This powder is known to comprise low lipids and high protein, which made it the highly desired source for fish meal replacement. Moreover, hemoglobin powder is believed to have an above-average digestibility, together with leucine content and high lysine, which aids in meeting the protein requirements in shrimp feed.
Chicken hemoglobin powder is believed abundant in nucleotides compared to porcine hemoglobin powder. The utilization of this nucleotide-rich hemoglobin powder for diets will be to increase immunity levels, enhance disease resistance, and improve growth performance. Huge protein and ingredients with low-fat contents have enlarged the popularity of hemoglobin feed across the aquafeed market and animal feed industry in recent years. All these factors are offering opportunities for hemoglobin feed in the emerging economies of the Asia Pacific and South America.
COVID-19 Impact on Hemoglobin Feed Market Growth
Consumer behavior shifts are having a major impact on the food industry and will likely lead to permanent changes in how consumers shop for food and how supply chains respond to changing consumer demand. As both retailers and manufacturers prioritize the re-stocking of essential food items in response to COVID-19, the daily routines and activities of food scientists, purchasing managers, and operations personnel have changed. The focus shifts from product innovation and new launches to minimizing supply disruptions and shortages. Weaker consumer demand for lifestyle and well-being products due to social restrictions and lockdown policies short on the demand patterns of food ingredients and certain categories of food additives. However, public discourse about restarting economic activities and easing restrictions in the industry for consumer goods suggests that the recovery of demand is imminent. The global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. There have been multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor. For example, Jiang et al. pointed out that COVID-19 has brought some adverse effects on the development of grain planting, livestock breeding, seed industry, leisure agriculture, agricultural products processing, vegetable industry, fruit industry, flower industry, and so on in China.
Hemoglobin Feed Market Segmentation Analysis
The swine segment is expected to dominate the market
The global hemoglobin feed market has been segmented by source into bovine, poultry, poultry, swine, and shark. The swine segment accounted for the largest market share of the global hemoglobin feed market in 2020. Owing to the increase in the utilization of swine hemoglobin as a component of animal feed in aquaculture, and in post-weaning piglets, pet food, and poultry farms. The trend is expected to continue over the projected years. It is estimated to be the most attractive segment between 2020-2030. It is expected to grow at a high CAGR during the forecast period. Owing to rising use in commercial as well as industrial applications. Based on application global hemoglobin feed market is segmented into industrial, and commercial. Commercial application is expected to exhibit the largest market share over the forecast period. Due to the surge in the use of pig and ox-like hemoglobin in diverse modern areas such as the food industry, biochemical examinations, biotechnology [cell culture], and immunology tests.
Hemoglobin Feed Market Geographical Share
Asia Pacific is the largest market for hemoglobin feed with a high share in global sales value in 2020
By geography, The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. China is the largest revenue contributor in the region. The speedy growth of the hemoglobin feed in the Asia Pacific can be credited to the high production of hemoglobin powder and plasma in China. China is the largest consumer as well as producer of pig blood by-products such as hemoglobin feed and please ma. The Asia Pacific hemoglobin feed market is expected to grow at a high CAGR within the forecast years, due to considerable growth in seafood and meat consumption. Rise in consumption due to the rise in urbanization, increase in disposable income, and population growth. Moreover, a major quantity of porcine blood produced in slaughter shops main reason behind the large-scale production of hemoglobin powder in the region. However, the spread of African swine fever and the COVID-19 pandemic could restrain the hemoglobin feed market.
Source: DataM Intelligence Analysis (2023)
Hemoglobin Feed Market Companies
The global Hemoglobin Feed market is dominated by a few players. The most active companies across the globe are Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., Sera Scandia A/S., Nutreco (SHV Holdings NV.), and Puretein Agri LLC. They have been expanding their geographical presence by acquiring or merging with manufacturers in the foreign market. For instance, in September 2018, SHV Holdings of the Netherlands on Monday announced that it offered EUR 2.7 billion (USD 3.4 billion) in cash to acquire Dutch fish feed producer Nutreco. Under the conditional agreement, SHV would pay EUR 40 (USD 51.10) in cash for each ordinary share of Nutreco.
Why Purchase the Report?
- Understand the current market scenario and viability of global hemoglobin feed over the forecast period
- Visualize the composition of the global hemoglobin feed market in terms of source, and application to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings about the market
What do we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Excel data sheet with valuable data points of the global hemoglobin feed market – Regional and Country level segmentation
- Product mappingExcelxcel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience
- Animal feed manufacturers
- Animal feed ingredient suppliers
- Emerging Companies
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
