Global Hemoglobin Feed Market

Hemoglobin Feed Market Analysis and Opportunity Assessment By Source (Bovine, Swine, Poultary, Shark, Synthetic), By Application (Industrial, Commercial), By Region and by Country

Global Hemoglobin Feed market expected to generate an incremental $ opportunity of US$ 91.8 Mn between 2022 and 2030

Category: Chemicals & Materials

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ID: CVC-00131-CH

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Format: PDF+Excel Dataset

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Published Date: June 2022

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Pages: 265

Hemoglobin Feed Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Hemoglobin Feed Market was worth US$ 235.6 Mn and is expected to grow at a CAGR of 4.2% over the forecast period. The market is expected to hit US$ 327.4 Mn by 2030 end.

Hemoglobin meal has high protein edibility and protein content, with a low cinder and fat content. The feed is a protein source for compound feed, pet food, mink feed, and water feed.

 

Market Dynamic

What are the causes driving the rise in demand for Hemoglobin Feed?

The steady demand for animal protein is predicted to remain one of the important factors influencing the overall growth of the worldwide hemoglobin feed market in the coming years.

Efforts are being made to increase the quality of raw materials obtained from livestock, as a result of which demand for hemoglobin feed is predicted to rise. While price] remains one of the most important factors influencing consumer purchasing decisions, customers are also increasingly looking for animal products with health-promoting benefits.

Supplementation in feed is one of the most efficient and cost-effective strategies for achieving these aims. It is expected to favor the market’s growth for hemoglobin feed throughout the forecast period.

What are the opportunities in the Hemoglobin Feed Market?

During the evaluation period, the increased interest in substituting a fish meal with hemoglobin powder is projected to present significant opportunities to stakeholders in the current hemoglobin feed industry.

Consumer awareness of the quality of animal proteins will expand significantly due to the introduction of several digital and non-digital channels, and livestock producers will increasingly focus on enhancing livestock quality.

During the assessment period, the global hemoglobin feed market is predicted to grow because of increased financial and regulatory assistance from the government and government-supported corporate organizations.

 

COVID-19 Impact

The advent of the COVID-19 pandemic is expected to influence hemoglobin feed demand in 2020 directly. Due to severe lockdown measures, transit limitations, and large cross-border trade hurdles, the global market for hemoglobin feed dropped dramatically in the first three quarters of 2020.

Increased consumer awareness about the relationship between meat-eating and COVID-19 infection, particularly in the second quarter of 2020, has resulted in a significant drop in meat consumption across numerous regions worldwide.

 

Hemoglobin Feed Market

 

Segment-Wise Analysis

Why is Swine Hemoglobin Feed expected to hold the biggest market share?

In 2020, the swine segment held the biggest market share of the worldwide hemoglobin feed market because of the increased use of swine hemoglobin as a component of animal feed in aquaculture, as well as in post-weaning piglets pet food, and poultry farms. The tendency is predicted to continue even in the forecast years.

Which application is likely to grow the most rapidly throughout the forecast period?

Over the projection period, commercial applications are expected to have the biggest market share because of the increased usage of pig and ox-like hemoglobin in various modern fields such as the food industry, biochemical examinations, biotechnology, and immunology testing.

Why is the Asia Pacific region cementing its global dominance in the Hemoglobin Feed Market?

In 2020, Asia Pacific held the greatest market share of the worldwide hemoglobin feed market. Over the predicted period, it is expected to be the dominant region.

Government activities in emerging economies to modernize healthcare facilities and raise knowledge of hemoglobin feed are important drivers driving the growth of the Asia Pacific hemoglobin feed market.

Which country has promising opportunities in the Asia-Pacific Hemoglobin Feed Market?

China is the region’s top revenue generator. The rapid expansion of hemoglobin feed in Asia can be attributed to China’s high supply of hemoglobin powder and plasma. China is the world’s largest user and producer of pig blood byproducts such as hemoglobin feed and plasma.

 

Competition Analysis

The global hemoglobin feed market is extremely fragmented, with several international and regional companies. Major players have increased their geographical reach by acquiring or combining with overseas manufacturers.

The global hemoglobin feed market’s key players involve regulatory clearances, technologically enhanced goods, new product launches, and acquisition and collaborative agreements with other companies. These efforts are intended to solve unfulfilled demands in the hemoglobin feed industry, strengthen product portfolios, and invest in R&D.

Some of the key developments that have taken place in the Hemoglobin Feed Market include:

  • In January 2020, Darling Ingredients acquired Intrexon by acquiring the remaining 50% ownership in EnviroFlight, a scale manufacturer of non-pathogenic black soldier fly larvae. EnviroFlight focuses on improving the global food supply system to fulfill the expanding population’s demands.
  • In September 2018, SHV Holdings of the Netherlands made a cash offer of USD 3.4 billion to acquire Dutch fish feed maker Nutreco.

A list of some of the critical suppliers present in the market are:

  • Daka Denmark
  • Lauridsen Group, Inc.,
  • Sera Scandia
  • Nutreco
  • Puretein Agri LLC
  • Kraeber & Co GmbH
  • Rocky Mountain Biologicals
  • Darling Ingredients, Inc.
  • VEOS Group
  • Lihme Protein Solutions
  • EccoFeed LLC
  • Feedworks Pty Ltd.

 

Market Segments Covered in Report

By Source:

  • Bovine
  • Swine
  • Poultry
  • Shark
  • Synthetic
  • Others

By Application:

  • Industrial
  • Commercial

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

 

Global Hemoglobin Feed Market 2022-2030: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

 

Research Scope Details
Forecast period 2022-2030
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Source, Application, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request

 

Frequently Asked Questions

In the forecast period between 2022 and 2030, the market is expected to grow at a CAGR of 4.2%.

The steady growth in demand for animal protein is predicted to remain one of the important factors influencing the overall development of the worldwide hemoglobin feed market in the coming years.

Major global Hemoglobin Feed Market players are Daka Denmark, Lauridsen Group Inc., Sera Scandia, Nutreco, Puretein Agri LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals, Darling Ingredients, Inc., VEOS Group, Lihme Protein Solutions, EccoFeed LLC and Feed works Pty Ltd.

The constant spread of illnesses among animals has resulted in a drop in interest in animal meat and increasing worries about using animal blood, which contains hemoglobin.

The Asia Pacific region is expected to account for the largest share of market revenue in the Global Hemoglobin Feed market

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Hemoglobin Feed Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2030
    • Incremental $ Opportunity Index, 2022-2030
    • Global Market Volume (Tons) Analysis, 2017 – 2030
  6. Global Hemoglobin Feed Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Application W.R.T. Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global Hemoglobin Feed Market 2017 – 2030 By Source
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Source [Value (US$ Mn) and Volume (Tons) Analysis]
      • Bovine
      • Swine
      • Poultry
      • Shark
      • Synthetic
      • Others
    • Market Attractiveness Analysis by Source
  11. Global Hemoglobin Feed Market 2017 – 2030 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Industrial
      • Commercial
    • Market Attractiveness Analysis by Application
  12. Global Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2030) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  13. North America Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • S.
        • Canada
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  1. Latin America Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  1. Europe Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  1. Asia-Pacific Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  1. Middle East Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • A.E.
        • Rest of the Middle East
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  1. Africa Hemoglobin Feed Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2030
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2030) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Source
      • By Application
    • Market Attractiveness Analysis
      • By Country
      • By Source
      • By Application
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • ChemView’s Competitor Positioning Matrix
  3. Company Profiles
    • Daka Denmark
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Lauridsen Group, Inc.,
    • Sera Scandia
    • Nutreco
    • Puretein Agri LLC
    • Kraeber & Co GmbH
    • Rocky Mountain Biologicals
    • Darling Ingredients, Inc.
    • VEOS Group
    • Lihme Protein Solutions
    • EccoFeed LLC
    • Feed works Pty Ltd.
  4. Assumptions and Acronyms

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