Hemoglobin Feed Market To Accrue Huge Returns Worth $477.02 Million By 2032

Zion Market Research has published a report on the global Hemoglobin Feed Market, estimating its value at USD 335.15 Million in 2023, with projections indicating that it will reach USD 477.02 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4% over the forecast period 2024-2032.

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 2032

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 2024-2032

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 2024-2032. 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, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/hemoglobin-feed-market

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

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com