Global Hemoglobin Feed Market - 2021-2028
Description
Global Hemoglobin Feed Market - 2021-2028
Market Overview
The Global ""Hemoglobin Feed Market"" is Predicted to reach at a CAGR during the forecast period (2021-2028)
Hemoglobin feed is particularly formed by acquiring the red part of the platelets of swine. This feed is inferred by a warmth cycle, fractionation, and shower drying of pig blood. This feed includes rich protein content and high protein edibility, along with a minimal degree of cinders and fat. The feed is used as a protein hotspot for compound feed, pet food, mink feed, and water feed. The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. It is expected to be the dominating region over the forecast period. Government initiatives in the emerging economy in the direction of modernization of healthcare infrastructure and increase in awareness about hemoglobin feed are major factors behind the rising demand of the hemoglobin feed market in the Asia Pacific.
Market Dynamics:
Rise in Usage of hemoglobin powder as alternative to fish meal
The requirement for fish meal has been boosting significantly in the animal production industry, which is estimated to create a shortage during the forecasted period. Thus, the shrimp feed industry has been searching for other protein sources or ingredients. This is expected to rise in demand for hemoglobin powder. This powder is known to comprise low lipids and high protein, which made it the highly desired source for fish meal replacement. Moreover, hemoglobin powder is believed to have an above-average digestibility, together with leucine content and high lysine, which aids in meeting the protein requirements in shrimp feed.
Chicken hemoglobin powder is believed abundant in nucleotides compared to porcine hemoglobin powder. The utilization of this nucleotide-rich hemoglobin powder for diets will be to increase immunity levels, enhance disease resistance, and improve growth performance. Huge protein and ingredients with low-fat contents have enlarged the popularity of hemoglobin feed across the aquafeed market and animal feed industry in recent years. All these factors are offering opportunities for hemoglobin feed in the emerging economies of the Asia Pacific and South America.
Market Segmentation:
The swine segment is expected to dominate the market
The global hemoglobin feed market has been segmented by source into bovine, poultry, poultry, swine, and shark. The swine segment accounted for the largest market share of the global hemoglobin feed market in 2020. Owing to the increase in the utilization of swine hemoglobin as a component of animal feed in aquaculture, and in post-weaning piglets, pet food, and poultry farms. The trend is expected to continue over the projected years. It is estimated to be the most attractive segment between 2020-2030. It is expected to grow at a CAGR of XX% during the forecast period. Owing to rising use in commercial as well as industrial applications. Based on application global hemoglobin feed market segmented into industrial, and commercial. Commercial application is expected to exhibit the largest market share over the forecast period. Due to the surge in the use of pig and ox-like hemoglobin in diverse modern areas such as the food industry, biochemical examinations, biotechnology [cell culture], and immunology tests.
Geographical Penetration:
Asia Pacific is the largest market for hemoglobin feed with a share of nearly XX% in global sales value in 2020
By geography, The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. China is the largest revenue contributor of the region. The speedy growth of the hemoglobin feed in the Asia Pacific can be credited to the high production of hemoglobin powder and plasma in China. China is the largest consumer as well as producer of pig blood by-products such as hemoglobin feed and plasma. Asia Pacific hemoglobin feed market is expected to grow at a high CAGR within forecast years, due to considerable growth in seafood and meat consumption. Rise in consumption due to the rise in urbanization, increase in disposable income, and growing in population. Moreover, a major quantity of porcine blood produced in slaughter shops main reason behind the large-scale production of hemoglobin powder in the region. However, the spread of African swine fever and the COVID-19 pandemic could restrain the hemoglobin feed market.
Competitive Landscape:
The global Hemoglobin Feed market is dominated by a few players. The most active companies across the globe are Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., Sera Scandia A/S., Nutreco (SHV Holdings N.V.) , and Puretein Agri LLC. They have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. For instance, in September 2018, SHV Holdings of the Netherlands on Monday announced that it offered EUR 2.7 billion (USD 3.4 billion) in cash to acquire Dutch fish feed producer Nutreco. Under the conditional agreement, SHV would pay EUR 40 (USD 51.10) in cash for each ordinary share of Nutreco.
COVID-19 Impact:
Consumer behavior shifts are having a major impact on the food industry and will likely lead to permanent changes in how consumers shop for food and how supply chains respond to changing consumer demand. As both retailers and manufacturers prioritize the re-stocking of essential food items in response to COVID-19, the daily routines and activities of food scientists, purchasing managers, and operations personnel have changed. The focus shifts from product innovation and new launches to minimizing supply disruptions and shortages. Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of food ingredients and certain categories of food additives. However, public discourse about restarting economic activities and easing restrictions in the industry for consumer goods suggests that the recovery of demand is imminent. The global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. There have been multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor. For example, Jiang et al. pointed out that COVID-19 has brought some adverse effects on the development of grain planting, livestock breeding, seed industry, leisure agriculture, agricultural products processing, vegetable industry, fruit industry, flower industry, and so on in China.
Why Purchase the Report?
Understand the current market scenario and viability of global hemoglobin feed over the forecast period
Visualize the composition of the global hemoglobin feed market in terms of source, and application to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market
What do we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global hemoglobin feed market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience:
Animal feed manufacturers
Animal feed ingredient suppliers
Emerging Companies
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Market Overview
The Global ""Hemoglobin Feed Market"" is Predicted to reach at a CAGR during the forecast period (2021-2028)
Hemoglobin feed is particularly formed by acquiring the red part of the platelets of swine. This feed is inferred by a warmth cycle, fractionation, and shower drying of pig blood. This feed includes rich protein content and high protein edibility, along with a minimal degree of cinders and fat. The feed is used as a protein hotspot for compound feed, pet food, mink feed, and water feed. The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. It is expected to be the dominating region over the forecast period. Government initiatives in the emerging economy in the direction of modernization of healthcare infrastructure and increase in awareness about hemoglobin feed are major factors behind the rising demand of the hemoglobin feed market in the Asia Pacific.
Market Dynamics:
Rise in Usage of hemoglobin powder as alternative to fish meal
The requirement for fish meal has been boosting significantly in the animal production industry, which is estimated to create a shortage during the forecasted period. Thus, the shrimp feed industry has been searching for other protein sources or ingredients. This is expected to rise in demand for hemoglobin powder. This powder is known to comprise low lipids and high protein, which made it the highly desired source for fish meal replacement. Moreover, hemoglobin powder is believed to have an above-average digestibility, together with leucine content and high lysine, which aids in meeting the protein requirements in shrimp feed.
Chicken hemoglobin powder is believed abundant in nucleotides compared to porcine hemoglobin powder. The utilization of this nucleotide-rich hemoglobin powder for diets will be to increase immunity levels, enhance disease resistance, and improve growth performance. Huge protein and ingredients with low-fat contents have enlarged the popularity of hemoglobin feed across the aquafeed market and animal feed industry in recent years. All these factors are offering opportunities for hemoglobin feed in the emerging economies of the Asia Pacific and South America.
Market Segmentation:
The swine segment is expected to dominate the market
The global hemoglobin feed market has been segmented by source into bovine, poultry, poultry, swine, and shark. The swine segment accounted for the largest market share of the global hemoglobin feed market in 2020. Owing to the increase in the utilization of swine hemoglobin as a component of animal feed in aquaculture, and in post-weaning piglets, pet food, and poultry farms. The trend is expected to continue over the projected years. It is estimated to be the most attractive segment between 2020-2030. It is expected to grow at a CAGR of XX% during the forecast period. Owing to rising use in commercial as well as industrial applications. Based on application global hemoglobin feed market segmented into industrial, and commercial. Commercial application is expected to exhibit the largest market share over the forecast period. Due to the surge in the use of pig and ox-like hemoglobin in diverse modern areas such as the food industry, biochemical examinations, biotechnology [cell culture], and immunology tests.
Geographical Penetration:
Asia Pacific is the largest market for hemoglobin feed with a share of nearly XX% in global sales value in 2020
By geography, The Asia Pacific accounted for the largest market share of the global hemoglobin feed market in 2020. China is the largest revenue contributor of the region. The speedy growth of the hemoglobin feed in the Asia Pacific can be credited to the high production of hemoglobin powder and plasma in China. China is the largest consumer as well as producer of pig blood by-products such as hemoglobin feed and plasma. Asia Pacific hemoglobin feed market is expected to grow at a high CAGR within forecast years, due to considerable growth in seafood and meat consumption. Rise in consumption due to the rise in urbanization, increase in disposable income, and growing in population. Moreover, a major quantity of porcine blood produced in slaughter shops main reason behind the large-scale production of hemoglobin powder in the region. However, the spread of African swine fever and the COVID-19 pandemic could restrain the hemoglobin feed market.
Competitive Landscape:
The global Hemoglobin Feed market is dominated by a few players. The most active companies across the globe are Daka Denmark A/S (SARIA Group), Lauridsen Group, Inc., Sera Scandia A/S., Nutreco (SHV Holdings N.V.) , and Puretein Agri LLC. They have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. For instance, in September 2018, SHV Holdings of the Netherlands on Monday announced that it offered EUR 2.7 billion (USD 3.4 billion) in cash to acquire Dutch fish feed producer Nutreco. Under the conditional agreement, SHV would pay EUR 40 (USD 51.10) in cash for each ordinary share of Nutreco.
COVID-19 Impact:
Consumer behavior shifts are having a major impact on the food industry and will likely lead to permanent changes in how consumers shop for food and how supply chains respond to changing consumer demand. As both retailers and manufacturers prioritize the re-stocking of essential food items in response to COVID-19, the daily routines and activities of food scientists, purchasing managers, and operations personnel have changed. The focus shifts from product innovation and new launches to minimizing supply disruptions and shortages. Weaker consumer demand for lifestyle and wellbeing products due to social restrictions and lockdown policies shall have a negative impact on the demand patterns of food ingredients and certain categories of food additives. However, public discourse about restarting economic activities and easing restrictions in the industry for consumer goods suggests that the recovery of demand is imminent. The global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. There have been multiple shocks impacting service delivery, such as fiscal constraints, interruption of supply chains due to travel restrictions, and lack of availability of labor. For example, Jiang et al. pointed out that COVID-19 has brought some adverse effects on the development of grain planting, livestock breeding, seed industry, leisure agriculture, agricultural products processing, vegetable industry, fruit industry, flower industry, and so on in China.
Why Purchase the Report?
Understand the current market scenario and viability of global hemoglobin feed over the forecast period
Visualize the composition of the global hemoglobin feed market in terms of source, and application to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market
What do we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global hemoglobin feed market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience:
Animal feed manufacturers
Animal feed ingredient suppliers
Emerging Companies
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Table of Contents
180 Pages
- 1. Global Hemoglobin Feed Market -Scope and Methodology
- 1.1. Research Methodology
- 1.2. Scope of the Market
- 2. Global Hemoglobin Feed Market -Key Trends and Developments
- 3. Global Hemoglobin Feed Market – Executive Summary
- 3.1. Market Snippet by Source
- 3.2. Market Snippet by Application
- 3.3. Market Snippet by Region
- 4. Global Hemoglobin Feed Market – Market Dynamics
- 4.1. Market impacting factors
- 4.1.1. Drivers
- 4.1.1.1. Increase in Usage of Hemoglobin Powder as Replacement of Fish Meal to Drive Hemoglobin Feed Market
- 4.1.1.2. hemoglobin powder is considered to have a high digestibility, along with high lysine and leucine content
- 4.1.2. Restraints
- 4.1.2.1. Restraint 1
- 4.1.2.2. Restraint 2
- 4.1.3. Opportunities
- 4.2. Impact analysis
- 5. Global Hemoglobin Feed Market – Industry Analysis
- 5.1. Porter's five forces analysis
- 5.2. Value chain analysis
- 5.3. Patent Analysis
- 5.4. Regulatory Analysis
- 6. Global Hemoglobin Feed Market – COVID-19 Analysis
- 6.1. Analysis of Covid-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid Covid-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 7. Global Hemoglobin Feed Market – By Source
- 7.1. Introduction
- 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Source segment
- 7.1.2. Market attractiveness index, By Source segment
- 7.2. Bovine *
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
- 7.3. Poultry
- 7.4. Synthetic
- 7.5. Swine
- 7.6. Shark
- 8. Global Hemoglobin Feed Market – By Application
- 8.1. Introduction
- 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Application Segment
- 8.1.2. Market attractiveness index, By Application Segment
- 8.2. Industrial*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
- 8.3. Commercial
- 9. Global Hemoglobin Feed Market – By Region
- 9.1. Introduction
- 9.1.1. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
- 9.2. North America*
- 9.2.1. Introduction
- 9.2.2. Key region-specific dynamics
- 9.2.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
- 9.2.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.2.5.1. U.S.
- 9.2.5.2. Canada
- 9.2.5.3. Mexico
- 9.3. South America
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
- 9.3.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.3.5.1. Brazil
- 9.3.5.2. Argentina
- 9.3.5.3. Rest of South America
- 9.4. Europe
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
- 9.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.4.5.1. Germany
- 9.4.5.2. U.K.
- 9.4.5.3. France
- 9.4.5.4. Spain
- 9.4.5.5. Italy
- 9.4.5.6. Rest of Europe
- 9.5. Asia Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
- 9.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
- 9.5.5.1. China
- 9.5.5.2. India
- 9.5.5.3. Japan
- 9.5.5.4. Australia
- 9.5.5.5. Rest of Asia Pacific
- 9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Source
- 9.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Application
- 10. Global Hemoglobin Feed Market – Competitive Landscape
- 10.1. Competitive scenario
- 10.2. Competitor strategy analysis
- 10.3. Market positioning/share analysis
- 10.4. Mergers and acquisitions analysis
- 11. Company Profiles
- 11.1. Daka Denmark A/S (SARIA Group)
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Key Highlights
- 11.1.4. Financial Overview
- 11.2. Lauridsen Group, Inc.
- 11.3. Sera Scandia A/S.
- 11.4. Nutreco (SHV Holdings N.V.)
- 11.5. Puretein Agri LLC
- 11.6. Kraeber and Co GmbH
- 11.7. Rocky Mountain Biologicals
- 11.8. Darling Ingredients, Inc.
- 11.9. VEOS Group
- 11.10. Lihme Protein Solutions
- 11.11. EccoFeed LLC
- 11.12. Feedworks Pty Ltd
- *List not Exhaustive*
- 12. Global Hemoglobin Feed Market – DataM
- 12.1. Appendix
- 12.2. About us and services
- 12.3. Contact us
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