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How Large Is the Global Meat And Bone Meal (MBM) Market Expected to Be in 2029?
The market for meat and bone meal (mbm) has seen consistent expansion over the past years, with forecasts predicting an increase from $5.95 billion in 2024 to $6.18 billion in 2025. This corresponds to a compound annual growth rate (CAGR) of 3.9%. This historical growth is due to factors such as the increased demand for rendered products, expansion in the biofuel industry, an uptrend in commercial pig farming, enhanced research and development, and the growing acknowledgment of sustainable animal by-products.
Forecasts suggest that the meat and bone meal (mbm) market is set to experience consistent expansion in the coming years, with projections indicating a growth to “$7.26 billion in 2029” at a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this growth within the predicted period include a surge in demand for environmentally friendly animal feed alternatives, progress in protein extraction methodologies, a swell in the global livestock numbers, an increase in worldwide meat intake, and a consumer shift towards high-protein diets. Key trends to watch during this forecasting period include technological progress, sustainable feed solutions, pig nutrition regimes, organic agriculture, and artificial feed additives.
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What Are the Emerging Drivers Shaping the Future of the Meat And Bone Meal (MBM) Market?
The expansion of the meat and bone meal market is expected to be spurred by the increasing need for animal feed. Formulated food items such as animal feeds are engineered to cater to the nutritional requirements of livestock, poultry, and various domestic animals, promoting their growth, wellbeing, and productivity. The escalating global consumption of eggs, dairy products, and meat, coupled with an upsurge in livestock production and the necessity for greater efficiency in animal farming all fuel the demand for animal feeds. Meat and bone meal are favored in animal diets due to their protein and mineral content, as well as their economic advantages; hence they are frequently used ingredients in different animal feeds.
For instance, as reported by the Department for Environment, Food, and Rural Affairs, a ministerial department based in the UK, in July 2024, there was a 5.9% surge in the total volume of animal feed from 29.3 million metric tons in 2022 to 31.1 million metric tons in 2023. Consequently, this increasing demand for animal feed is propelling the growth of the meat and bone meal market.
Which Segment of the Meat And Bone Meal (MBM) Market Will Lead Innovation Through 2029?
The meat and bone meal (mbm)market covered in this report is segmented –
1) By Type: Cow And Sheep Ingredients, Non Cow And Sheep Ingredients
2) By Product: 60% Protein, 65% Protein, Other Products
3) By Application: Animal Feed, Fuel, Fertilizer, Pet Food, Other Applications
Subsegments:
1) By Cow And Sheep Ingredients: Beef-Based Meat And Bone Meal, Sheep-Based Meat And Bone Meal, Mixed Cow And Sheep Meat And Bone Meal, Cow And Sheep Offal-Based Meal
2) By Non-Cow And Sheep Ingredients: Poultry-Based Meat And Bone Meal, Pork-Based Meat And Bone Meal, Fish-Based Meat And Bone Meal, Other Animal-Based Meat And Bone Meal, Mixed Animal-Based Meat And Bone Meal
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How Are Regional Trends Influencing the Global Meat And Bone Meal (MBM) Market Outlook?
Leading firms in the meat and bone meal (MBM) market are concentrating on creating new and innovative products like cultivated meat for enhanced convenience and longevity. Cultivated or cell-based meat is the process of growing animal cells under regulated conditions, as opposed to the traditional method of raising and slaughtering animals. As an example, in March 2024, Meatly, a company based in the UK that produces pet food, introduced a cultivated chicken pet food. The cultivated meat from Meatly is generated through a unique three-step procedure that begins with a small cell sample from a chicken egg. These cells are then supplied with all the required vitamins, minerals, and amino acids and cultivated in a controlled environment that manages temperature and acidity.
Who Are the Leading Industry Giants Competing in the Meat And Bone Meal (MBM) Market?
Major companies operating in the meat and bone meal (MBM) market are Scoular Company, Darling Ingredients Inc., SARIA Group, Pinnacle Foods Inc., Kemin Industries Inc., ForFarmers N.V., Sanimax, Kent Nutrition Group, Purina Animal Nutrition LLC, Baker Commodities Inc., Ridley Corporation Limited, TraceGains Inc., De Heus Animal Nutrition B.V., Farol S.A., Anandi Enterprises Pvt. Ltd., JG Pears Group Ltd., Seeds and Cereals Ltd., Maxland Group, Euroduna Rohstoffe GmbH, Akiolis Group, Ten Kate Holding B.V., Nugen Feeds Pvt. Ltd., Befriend Agro Product Pvt. Ltd.
Which Region Is Emerging as the Next Growth Hub in the Global Meat And Bone Meal (MBM) Market?
North America was the largest region in the meat and bone meal (MBM) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the meat and bone meal (MBM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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