12-Aug-2021 | Zion Market Research
The hemoglobin feed market is set to accrue revenue worth USD 489 million by 2028 with a CAGR of 4.1% from USD 228 million in 2020, as per Zion Market Research Report. Hemoglobin feed also termed as hemoglobin powder is derived through fractionation and spray drying of blood collected from fit & healthy animals from slaughter homes. Moreover, it is sustainable & digestible protein utilized in animal feed & pet food and is best substitute for fish meal & soybean meal. In addition to this, with hemoglobin feed comprising of less proportion of heat stable biogenic amines resulting in no spoilage or bad smell, it is preferred over other kinds of meals for animals, thereby becoming a major growth driver for hemoglobin feed industry. Apparently, absence of anti-nutritional factors in hemoglobin feed that adversely affects absorption of nutrients will further steer expansion of hemoglobin feed market.
Demand For High Quality Animal Feed To Drive Hemoglobin Feed Market Growth By 2028
Rise in animal feed production as a result of growing demand for animal protein will create lucrative growth avenues for hemoglobin feed market in upcoming years. Additionally, necessity of hemoglobin feed in pet food sector, aquaculture, swine industry, and animal breeding will steer progression of hemoglobin feed industry over forecast timeframe. Escalating demand for high quality meat will further lead to improvement in animal feed, thereby creating generating need for hemoglobin feed for poultry, shrimp, and fish meals. This, in turn, will scale up size of hemoglobin feed market over the ensuing years.
Asia Pacific Market To Expand Leaps & Bounds During 2021-2028
Rise in intake of pig blood by-products such as plasma & hemoglobin powder in countries such as China will contribute sizably towards Asia Pacific hemoglobin feed market during 2021-2028. In addition to this, massive consumption of seafood & meat with increasing in purchasing power of consumers in the sub-continent will drive regional market trends. With easy availability of porcine blood in countries such as China, there is surge in hemoglobin powder production. This, in turn, has resulted in massive growth of hemoglobin feed market in Asia Pacific zone.
Major firms impacting market growth include Darling Ingredients, Inc., Rocky Mountain Biologicals, Lihme Protein Solutions, SHV Holdings N.V. (Nutreco), EccoFeed LLC, Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., Puretein Agri LLC, VEOS Group, Sera Scandia A/S., Kraeber & Co GmbH, and Feedworks Pty Ltd.
Browse the full “Hemoglobin Feed Market - By Source (Bovine, Poultry, Synthetic, Swine, And Shark), By Application (Industrial And Commercial), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/hemoglobin-feed-market
The global Hemoglobin Feed Market is segmented as follows:
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