Hemoglobin Feed Market Size, Share, and Growth Report 2030

The global Hemoglobin Feed Market accrued earnings worth approximately 228(USD Million) in 2020 and is predicted to gain revenue of about 489(USD Million) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028. The report offers an assessment and analysis of the Hemoglobin Feed market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).

Hemoglobin Feed Market: Overview

Hemoglobin feed comprises of huge protein contents & edibility along with low fats & cinders. The product is utilized as protein source for water feed, mink feed, pet food, and compound feed. Apparently, hemoglobin feed is a highly palatable & digestible protein source containing low phosphorous and is used as a protein source & feed for fish, poultry, and shrimps. Furthermore, the product is rich source of amino acids and possesses high biological value. Reportedly, the gentle spray drying technique helps in drying of hemoglobin feed, thereby helping the latter in retaining its bio-availability & maintain the digestibility of its proteins.

Hemoglobin Feed Market: Growth Factors

Surging product demand across the aquaculture sector will prompt growth of the hemoglobin feed market during the forecast timeline. With the substantial increase in disposable income of the population and rise in consumption of meat-based products is predicted to translate into humungous growth of the hemoglobin feed industry during 2021-2028. Humungous demand for animal protein is predicted to contribute remarkably towards the hemoglobin feed market size in upcoming years. The growing need for enhancing raw material quality along with the evolution of digital marketing channels will drive market trends. In addition to this, consumer awareness related to animal protein quality will steer growth of the hemoglobin feed industry over the assessment period.

Furthermore, favorable government policies & guidelines supporting utility of hemoglobin feed will steer the expansion of the hemoglobin feed market. In addition to this, replacing of fish meal with hemoglobin feed due to its protein digestibility characteristic &  required protein contents is predicted to expedite growth of the hemoglobin feed business in the foreseeable future. Low fat contents & huge protein ingredients have enhanced the popularity of hemoglobin feed across the animal feed industry as well as aqua feed market in recent years.

Regional Landscape

Asia Pacific Hemoglobin Feed Market To Witness Massive Growth By 2028

The expansion of the hemoglobin feed market in Asia Pacific over forecast period is owing to rise in plasma production as well as the manufacture of hemoglobin powder in countries like China. With countries such as China being a major producer of pig blood by-products, the hemoglobin feed market in Asia Pacific is likely to witness momentous growth over 2021-2028. An increase in the purchasing capacity of consumers and surge in urbanization along with a bulging population will further add to regional market size in ensuing years.

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Competitive Landscape

Key players profiled in report and influencing market growth are Rocky Mountain Biologicals, Lihme Protein Solutions, EccoFeed LLC, Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., VEOS Group, Darling Ingredients, Inc., Sera Scandia A/S., SHV Holdings N.V. (Nutreco), Puretein Agri LLC, Kraeber & Co GmbH, and Feedworks Pty Ltd.

Hemoglobin Feed Market: Report Scope

The global Hemoglobin Feed Market is segmented as follows:

By Source

• Bovine
• Poultry
• Synthetic
• Swine
• Shark

By Application

• Industrial 
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa