Over the past couple of decades, owing to considerable rise in the disposable income of the global population, the demand for meat and meat products has witnessed a noteworthy surge. The consistent growth in the demand for animal protein is expected to remain one of the key factors that is projected to have a strong influence on the overall growth of the global hemoglobin feed market in the forthcoming years. Moreover, due to the emergence of multifold digital and non-digital channels, consumer awareness pertaining to the quality of animal proteins has increased by a considerable margin due to which, livestock breeders are increasingly focusing on improving the quality of the livestock.
Efforts are being made to improve the quality of raw materials that are obtained from the livestock due to which, the demand for hemoglobin feed is expected to move in the upward trajectory. While quality remains one of the most critical parameter that has a strong influence on the purchase decisions of consumers, consumers are also increasingly seeking animal products that have health-promoting properties. One of the most efficient and cost-effective techniques used to attain these goals is supplementation in feed– a factor that is anticipated to have a positive impact on the growth of the market for hemoglobin feed during the forecast period.
At the back of these factors, the global hemoglobin feed market is on the course to reach US$ 335 Mn mark by the end of 2030. Furthermore, increasing financial and regulatory support from the government and government-supported business enterprises is expected to fuel the growth of the global hemoglobin feed market during the assessment period.
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Over the past couple of decades, the limited availability of fish meal coupled with the increasing demand for the same has led to considerable spike in cost of animal feed due to which, hemoglobin powder has garnered immense popularity as a potential replacement. The growing interest in replacing fish meal with hemoglobin powder is likely to provide considerable opportunities to the stakeholders operating in the current hemoglobin feed market during the assessment period. Although vegetable protein sources are extensively available around the world, the replacement of fish meal with vegetal protein is limited to a limited number of aquatic species. In addition, nutritional challenges associated with the utilization of vegetable proteins is projected to augment the demand for hemoglobin feed products such as hemoglobin powder, particularly for aquatic species, including fish and shrimp as an ideal source of concentrated protein.
The low phosphorous content of hemoglobin powder is one of the primary factors that has led to considerable rise in the interest for the same in recent years. Furthermore, research and development activities indicate that hemoglobin powder consists the required levels of protein content and provide optimum digestibility for shrimp and fish. The increasing focus on replacing fish meal with hemoglobin feed products is anticipated to provide a notable boost to the growth of the global hemoglobin feed market during the assessment period.
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The outbreak of the COVID-19 pandemic is estimated to have a direct impact on the demand for hemoglobin feed in 2020. Due to stringent lockdown measures, restrictions on transportation, and major barriers related to cross-border trade, the global demand for hemoglobin feed has witnessed a slight decline in the first three quarters of 2020. In addition, growing apprehension among consumers regarding the link between meat consumption and COVID-19 infection, particularly in the second quarter of 2020, has led to a drastic decline in the consumption of meat across several pockets worldwide. Market players are projected to focus on diversifying their product range, address supply chain barriers, and invest in research and development activities to gain a competitive edge in the current hemoglobin feed market.
While the hemoglobin feed market growth is expected to remain sluggish in the first three quarters of 2020, the demand for hemoglobin feed is likely to witness growth in the last quarter of 2020, as lockdown restrictions in several nations have been relaxed by governments.
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Analysts’ Viewpoint
The global hemoglobin feed market is projected to grow at a moderate CAGR of 4% during the assessment period. The market growth is primarily driven by increasing demand for hemoglobin powder from the aquaculture sector, surge in the demand for animal protein, and consistent rise in the consumption of meat products worldwide. As consumer awareness continues to grow, livestock breeders are increasingly focusing on improving the quality of the feed due to which, the demand for hemoglobin feed is anticipated to witness steady growth.
Hemoglobin Feed Market – Segmentation
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The global hemoglobin feed market was worth US$ 216.9 Mn and is projected to reach a value of US$ 335 Mn by the end of 2030
Hemoglobin feed market is anticipated to grow at a CAGR of 4% during the forecast period
North America accounted for a major share of the global hemoglobin feed market
Hemoglobin feed market is driven by rise in usage of hemoglobin powder as a replacement for fish meal is projected to drive the global market
Key players in the global hemoglobin feed market include Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., Sera Scandia A/S., Nutreco (SHV Holdings N.V.), Puretein Agri LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals, Darling Ingredients, Inc., VEOS Group, Lihme Protein Solutions, EccoFeed LLC, and Feedworks Pty Ltd.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Hemoglobin Feed Market
4. Market Overview
4.1. Introduction
4.1.1. Source Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Hemoglobin Feed Market Analysis and Forecast, 2018–2030
5. Key Insights
5.1. Hemoglobin Powder - Applications
5.2. Regulatory Scenario
5.3. Key Mergers & Acquisitions
5.4. Pricing Analysis
5.5. Import & Export Data
5.6. Major Producer, Importer & Exporter Countries
5.7. COVID-19 Pandemic Impact on Industry
5.8. Key Insights on Blood Meal & Other Alternatives
6. Global Hemoglobin Feed Market Analysis and Forecast, by Source
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
6.3.1. Bovine
6.3.2. Swine
6.3.3. Poultry
6.3.4. Shark
6.3.5. Synthetic
6.3.6. Others
6.4. Global Hemoglobin Feed Market Attractiveness Analysis, by Source
7. Global Hemoglobin Feed Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
7.3.1. Industrial
7.3.2. Commercial
7.4. Global Hemoglobin Feed Market Attractiveness Analysis, by Application
8. Global Hemoglobin Feed Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Global Hemoglobin Feed Market Attractiveness Analysis, by Country/Region
9. North America Hemoglobin Feed Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. North America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
9.2.1. Bovine
9.2.2. Swine
9.2.3. Poultry
9.2.4. Shark
9.2.5. Synthetic
9.2.6. Others
9.3. North America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
9.3.1. Industrial
9.3.2. Commercial
9.4. North America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country, 2018–2030
9.4.1. U.S.
9.4.2. Canada
9.5. North America Hemoglobin Feed Market Attractiveness Analysis
9.5.1. By Source
9.5.2. By Application
9.5.3. By Country
10. Europe Hemoglobin Feed Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Europe Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
10.2.1. Bovine
10.2.2. Swine
10.2.3. Poultry
10.2.4. Shark
10.2.5. Synthetic
10.2.6. Others
10.3. Europe Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
10.3.1. Industrial
10.3.2. Commercial
10.4. Europe Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Hemoglobin Feed Market Attractiveness Analysis
10.5.1. By Source
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Hemoglobin Feed Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
11.2.1. Bovine
11.2.2. Swine
11.2.3. Poultry
11.2.4. Shark
11.2.5. Synthetic
11.2.6. Others
11.3. Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
11.3.1. Industrial
11.3.2. Commercial
11.4. Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Hemoglobin Feed Market Attractiveness Analysis
11.5.1. By Source
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Hemoglobin Feed Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Latin America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
12.2.1. Bovine
12.2.2. Swine
12.2.3. Poultry
12.2.4. Shark
12.2.5. Synthetic
12.2.6. Others
12.3. Latin America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
12.3.1. Industrial
12.3.2. Commercial
12.4. Latin America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Hemoglobin Feed Market Attractiveness Analysis
12.5.1. By Source
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Hemoglobin Feed Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
13.2.1. Bovine
13.2.2. Swine
13.2.3. Poultry
13.2.4. Shark
13.2.5. Synthetic
13.2.6. Others
13.3. Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
13.3.1. Industrial
13.3.2. Commercial
13.4. Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Hemoglobin Feed Market Attractiveness Analysis
13.5.1. By Source
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competitive Landscape
14.1. Company Profiles
14.1.1. Daka Denmark A/S (SARIA Group)
14.1.1.1. Company Overview
14.1.1.2. Company Financials
14.1.1.3. Growth Strategies
14.1.1.4. SWOT Analysis
14.1.2. Lauridsen Group, Inc.
14.1.2.1. Company Overview
14.1.2.2. Company Financials
14.1.2.3. Growth Strategies
14.1.2.4. SWOT Analysis
14.1.3. Sera Scandia A/S.
14.1.3.1. Company Overview
14.1.3.2. Growth Strategies
14.1.3.3. SWOT Analysis
14.1.4. Nutreco (SHV Holdings N.V.)
14.1.4.1. Company Overview
14.1.4.2. Growth Strategies
14.1.4.3. SWOT Analysis
14.1.5. Puretein Agri LLC
14.1.5.1. Company Overview
14.1.5.2. Growth Strategies
14.1.5.3. SWOT Analysis
14.1.6. Kraeber & Co GmbH
14.1.6.1. Company Overview
14.1.6.2. Company Financials
14.1.6.3. Growth Strategies
14.1.6.4. SWOT Analysis
14.1.7. Rocky Mountain Biologicals
14.1.7.1. Company Overview
14.1.7.2. Company Financials
14.1.7.3. Growth Strategies
14.1.7.4. SWOT Analysis
14.1.8. Darling Ingredients, Inc.
14.1.8.1. Company Overview
14.1.8.2. Company Financials
14.1.8.3. Growth Strategies
14.1.8.4. SWOT Analysis
14.1.9. VEOS Group
14.1.9.1. Company Overview
14.1.9.2. Company Financials
14.1.9.3. Growth Strategies
14.1.9.4. SWOT Analysis
14.1.10. Lihme Protein Solution
14.1.10.1. Company Overview
14.1.10.2. Company Financials
14.1.10.3. Growth Strategies
14.1.10.4. SWOT Analysis
14.1.11. EccoFeed LLC
14.1.11.1. Company Overview
14.1.11.2. Company Financials
14.1.11.3. Growth Strategies
14.1.11.4. SWOT Analysis
14.1.12. Feedworks Pty Ltd.
14.1.12.1. Company Overview
14.1.12.2. Company Financials
14.1.12.3. Growth Strategies
14.1.12.4. SWOT Analysis
List of Table
Table 01: Import and Export Data
Table 02: Manufacturers/Distributors of Hemoglobin Feed
Table 03: Importer Exporter Countries
Table 04: Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
Table 05: Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
Table 06: Global Hemoglobin Feed Market Value (US$ Mn) Forecast, by Region, 2018–2030
Table 07: North America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country, 2018–2030
Table 08: North America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
Table 09: North America Hemoglobin Feed Market Size (US$ Mn) Forecast, by Application, 2018–2030
Table 10: Europe Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
Table 11: Europe Hemoglobin Feed Market Size (US$ Mn) Forecast, by Source, 2018–2030
Table 12: Europe Hemoglobin Feed Market Size (US$ Mn) Forecast, by Application, 2018–2030
Table 13: Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
Table 14: Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
Table 15: Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast, by Application, 2018–2030
Table 16: Latin America Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country, 2018–2030
Table 17: Latin America Hemoglobin Feed Market Size (US$ Mn) Forecast, by Source, 2018–2030
Table 18: Latin America Hemoglobin Feed Market Size (US$ Mn) Forecast, by Application, 2018–2030
Table 19: Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast, by Country/Sub-region, 2018–2030
Table 20: Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast, by Source, 2018–2030
Table 21: Middle East & Africa Hemoglobin Feed Market Size (US$ Mn) Forecast, by Application, 2018–2030
Table 22: Daka Denmark A/S (SARIA Group) Business Overview
Table 23: Lauridsen Group, Inc. Business Overview
Table 24: Sera Scandia A/S. Business Overview
Table 25: Nutreco (SHV Holdings N.V.) Business Overview
Table 26: Puretein Agri LLC Business Overview
Table 27: Kraeber & Co GmbH Business Overview
Table 28: Rocky Mountain Biologicals Business Overview
Table 29: Darling Ingredients, Inc. Business Overview
Table 30: VEOS Group Business Overview
Table 31: Lihme Protein Solutions Business Overview
Table 32: EccoFeed LLC Business Overview
Table 33: Feedworks Pty Ltd. Business Overview
List of Figure
Figure 01: Executive Summary (1/2)
Figure 02: Executive Summary (2/2)
Figure 03: Global Hemoglobin Feed Market Value (US$ Mn) Forecast, 2018–2030
Figure 04: Global Hemoglobin Feed Market Value Share, by Source, 2019
Figure 05: Global Hemoglobin Feed Market Value Share, by Application, 2019
Figure 06: Global Hemoglobin Feed Market Value Share, by Region, 2019
Figure 07: Porter’s Five Forces (1/1)
Figure 08: Value Chain Analysis
Figure 09: PESTLE Analysis - North America (1/4)
Figure 10: PESTLE Analysis - Europe (2/4)
Figure 11: PESTLE Analysis - Asia Pacific (3/4)
Figure 12: PESTLE Analysis - Rest of the World (4/4)
Figure 13: Hemoglobin Powder - Applications
Figure 14: Regulatory Scenario - Europe
Figure 15: Global Hemoglobin Feed Market Pricing Analysis (US$/Kg), by Industrial, 2019
Figure 16: Global Hemoglobin Feed Market Pricing Analysis (US$/Kg), by Commercial, 2019
Figure 17: Global Hemoglobin Feed Market Value Share Analysis, by Source, 2019 and 2030
Figure 18: Global Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019–2030
Figure 19: Global Hemoglobin Feed Market Revenue (US$ Mn), by Bovine, 2018–2030
Figure 20: Global Hemoglobin Feed Market Revenue (US$ Mn), by Swine, 2018–2030
Figure 21: Global Hemoglobin Feed Market Revenue (US$ Mn), by Poultry, 2018–2030
Figure 22: Global Hemoglobin Feed Market Revenue (US$ Mn), by Shark, 2018–2030
Figure 23: Global Hemoglobin Feed Market Revenue (US$ Mn), by Synthetic, 2018–2030
Figure 24: Global Hemoglobin Feed Market Revenue (US$ Mn), by Others, 2018–2030
Figure 26: Global Hemoglobin Feed Market Attractiveness Analysis, by Application, 2019 and 2030
Figure 25: Global Hemoglobin Feed Market Value Share Analysis, by Application, 2019–2030
Figure 27: Global Hemoglobin Feed Market Revenue (US$ Mn), by Industrial, 2018–2030
Figure 28: Global Hemoglobin Feed Market Revenue (US$ Mn), by Commercial, 2018–2030
Figure 29: Global Hemoglobin Feed Market Analysis, by Region
Figure 30: Global Hemoglobin Feed Market: Regional Outlook
Figure 32: Global Hemoglobin Feed Market Attractiveness Analysis, by Region, 2019 and 2030
Figure 31: Global Hemoglobin Feed Market Value Share Analysis, by Region, 2020–2030
Figure 32: Global Hemoglobin Feed Market Attractiveness Analysis, by Region, 2019 and 2030
Figure 34: North America Hemoglobin Feed Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 35: North America Hemoglobin Feed Market Value Share Analysis, by Country, 2020–2030
Figure 36: North America Hemoglobin Feed Market Attractiveness Analysis, by Country, 2019 and 2030
Figure 37: North America Hemoglobin Feed Market Value Share Analysis, by Source, 2020–2030
Figure 38: North America Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019 and 2030
Figure 39: North America Hemoglobin Feed Market Value Share Analysis, by Application, 2020–2030
Figure 40: North America Hemoglobin Feed Market Attractiveness Analysis, by Application, 2019 and 2030
Figure 41: Europe Hemoglobin Feed Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 42: Europe Hemoglobin Feed Market Value Share Analysis, by Country/Sub-region, 2020–2030
Figure 43: Europe Hemoglobin Feed Market Attractiveness Analysis, by Country/Sub-region, 2019 and 2030
Figure 44: Europe Hemoglobin Feed Market Value Share Analysis, by Source, 2020–2030
Figure 45: Europe Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019 and 2030
Figure 46: Europe Hemoglobin Feed Market Value Share Analysis, by Application, 2019–2030
Figure 47: Europe Hemoglobin Feed Market Attractiveness Analysis, by Application, 2019 and 2030
Figure 48: Asia Pacific Hemoglobin Feed Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 49: Asia Pacific Hemoglobin Feed Market Value Share Analysis, by Country/Sub-region, 2019 and 2030
Figure 50: Asia Pacific Hemoglobin Feed Market Attractiveness Analysis, by Country/Sub-region, 2020–2030
Figure 51: Asia Pacific Hemoglobin Feed Market Value Share Analysis, by Source, 2020–2030
Figure 52: Asia Pacific Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019 and 2030
Figure 53: Asia Pacific Hemoglobin Feed Market Value Share Analysis, by Application, 2019 and 2030
Figure 54: Asia Pacific Hemoglobin Feed Market Attractiveness Analysis, by Application, 2020–2030
Figure 55: Latin America Hemoglobin Feed Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 56: Latin America Hemoglobin Feed Market Value Share Analysis, by Country/Sub-region, 2019–2030
Figure 57: Latin America Hemoglobin Feed Market Attractiveness Analysis, by Country/Sub-region, 2019 and 2030
Figure 58: Latin America Hemoglobin Feed Market Value Share Analysis, by Source, 2019–2030
Figure 59: Latin America Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019 and 2030
Figure 60: Latin America Hemoglobin Feed Market Value Share Analysis, by Application, 2019–2030
Figure 61: Latin America Hemoglobin Feed Market Attractiveness Analysis, by Application, 2019 and 2030
Figure 62: Middle East & Africa Hemoglobin Feed Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2030
Figure 63: Middle East & Africa Hemoglobin Feed Market Value Share Analysis, by Country/Sub-region, 2020–2030
Figure 64: Middle East & Africa Hemoglobin Feed Market Attractiveness Analysis, by Country/Sub-region, 2019 and 2030
Figure 65: Middle East & Africa Hemoglobin Feed Market Value Share Analysis, by Source, 2020–2030
Figure 66: Middle East & Africa Hemoglobin Feed Market Attractiveness Analysis, by Source, 2019 and 2030
Figure 67: Middle East & Africa Hemoglobin Feed Market Value Share Analysis, by Application, 2020–2030
Figure 68: Middle East & Africa Hemoglobin Feed Market Attractiveness Analysis, by Application, 2019 and 2030
Figure 69: Global Hemoglobin Feed Market Analysis, by Top Company Ranking, 2019
Figure 70: SHV - Revenue (US$ Mn) and Y-o-Y Growth (%), 2015–2019
Figure 71: SHV - Income from operations (US$ Mn) and Y-o-Y Growth (%), 2015–2019
Figure 72: Darling Ingredients, Inc. Revenue (US$ Mn) and Y-o-Y Growth (%), 2015-2019
Figure 74: Darling Ingredients, Inc. Breakdown of Net Sales (%), by Region, 2019
Figure 75: Darling Ingredients, Inc. Breakdown of Net Sales (%), by Business Segment, 2019
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Hemoglobin Feed Market
