Increasing demand for animal protein is expected to drive the growth of Global Hemoglobin Feed Market in the forecast period, 2024-2028.
According to TechSci Research report, “Hemoglobin Feed Market –Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, global hemoglobin feed market is expected to grow during the forecast period, 2024-2028. This can be ascribed to the increasing protein rich demands, increase focus on sustainable feed solutions, and usage of hemoglobin powder as an alternative to fish meal.
Global hemoglobin feed market is being driven by several factors such as, increasing focus on sustainable feed, animal by food, it is use as a feed ingredient aligns with the principle of circular economy and sustainability. The development of advancement in dried powder which allows for convenient handling, storage, and accurate dosage when blending it with other feed ingredients, have allowed for the creation of more effective and safer powder, driving the growth of the market. In addition, regulatory restrictions on antibiotics and growth promoters and focus on health and welfare to the players of Hemoglobin feed, provide an opportunity to the market. Finally, the enhanced animal nutrition and improved animal productivity are the potential benefits of Hemoglobin feed, contributing to the growth of global hemoglobin feed market. These factors are expected to continue to drive the growth of the global Hemoglobin Feed market in the coming years.
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Global Hemoglobin Feed Market can be segmented by source, by application, and by region.
Based on source, Global Hemoglobin Feed Market can be divided into Bovine, Swine, Poultry, Shark, Synthetic, and Others. Due to the fact that the cattle industry produces a sizable volume of bovine blood and that the manufacture of hemoglobin feed frequently uses hemoglobin extracted from sources that are related to cattle, the bovine segment is anticipated to dominate the Global Hemoglobin Feed market during the forecasted period. Therefore, the bovine segment is expected to continue dominating the global hemoglobin feed market in the coming years.
Global Hemoglobin Feed Market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, based on region. The Asia-Pacific region is expected to dominate the global hemoglobin feed market in the coming years, due to the countries like China, India, and Southeast Asian nations having a large and growing population. The expansion of the aquaculture industry in this region also contributes to the demand for hemoglobin feed as a fish meal substitute.
Additionally, several key market players, including Guangdong VTR bio-Tech Co., Ltd. And Shanpar Industries Pvt. Ltd., have a strong presence in the region and are actively involved in hemoglobin feed research and development. Furthermore, government initiatives aimed at promoting hemoglobin feed and increasing access to healthcare in the region are expected to drive the growth of the market. Therefore, the Middle East and Africa region is likely to dominate the global hemoglobin feed market in the coming years.
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Major companies operating in Global Hemoglobin Feed Market are:
- G Cargill Inc.
- Archer Daniels Midlands (ADM) Co.
- Land O’Lakes Inc.
- Nutreco NV
- Darling Ingredients Inc.
- Guangdong VTR Bio-Tech Co., Ltd.
- Charoen Pokphand Group Co Ltd.
- Shanpar Industries Pvt. Ltd.
“With substantial developments in spray-dried and freeze-dried hemoglobin powder as well as an increase in clinical trials for hemoglobin feed, the market for hemoglobin feed is fast changing worldwide. The market is dominated by bovine segment, the cattle industry produces a substantial amount of bovine blood, and the extraction of hemoglobin from bovine sources is common for hemoglobin feed production. The development of more effective animal feed nutrition, process optimization, and sustainable and effective market growth are all being driven by technological advancements, such as the focus on improving the extraction, processing, and utilisation as a feed ingredient. In the market for haemoglobin feed, new products are also being created to satisfy changing consumer needs, tackle business obstacles, and take advantage of openings in the market. For the future of haemoglobin feed, companies may concentrate on creating products with optimised nutritional profiles, with a number of promising players are presently in advanced phases of research.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Hemoglobin Feed Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Source (Bovine, Swine, Poultry, Shark, Synthetic, Others), By Application (Industrial, Commercial), Region and Competition”, has evaluated the future growth potential of Global Hemoglobin Feed Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hemoglobin Feed Market.
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Table of Contents:
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations
Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
Voice of Customer
Global Hemoglobin Feed Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Bovine, Swine, Poultry, Shark, Synthetic, Others)
5.2.2. By Application (Industrial Commercial)
5.2.3. By Region
5.2.4. By Company (2022)
5.3. Product Map
5.3.1. By Source
5.3.2. By Application
5.3.3. By Region …..Continue….
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