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Plasma Powder Market Size, Share and Industry Analysis Report by Source (Bovine, Porcine) and Application (Food, Animal Feed {Poultry Feed, Swine Feed, Aquafeed, Pet Food, Ruminant Feed}), Regional Outlook, Application Development Potential, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2022-2028

  • Report ID: GMI5142
  • Published Date: Jun 2022
  • Report Format: PDF

Industry Overview

Plasma Powder Market was worth more than USD 2.80 billion in 2021, and it is anticipated to expand at a CAGR of 5% from 2022 to 2028 owing to increasing demand for food and animal feed protein product. Plasma powder improves the quality of food formulation by assuring the proper consistency and protein content.
 

plasma powder market outlook

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Plasma powder is a highly palatable protein concentrate that is obtained from bovine and porcine whole blood. Plasma Powder helps to increase the quality of each formula by ensuring its uniform desired texture, increasing their protein content.
 

Bovine and porcine plasma powder are frequently utilized in human diet. Blood plasma is a versatile substance utilized in the food sector as binders in meat, egg substitutes in bakeries, fat substitutes, protein-enriched pasta, and even as a replacement for polyphosphate and caseinate. Additionally, it serves as a fat and protein replacement in meat products like sausages as well as an emulsifier in emulsified meat systems.
 

In pharmaceutical applications, such as tablet formulations, the spray-dried animal plasma is utilized as a binder. The market for plasma powder should grow as a result of growing pharmaceutical industry developments. Spray dried animal plasma (SDAP) is used as a binder in pet food, especially cat food, because of its high protein content and exceptional biological characteristics. Demand for animal feed products is anticipated to increase as a result of both growing livestock populations worldwide and increased consumer demand.
 

Intensifying inclusion of bovine blood plasma as a functional component should boost market from bovine source segment

plasma powder market by source

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Global plasma powder market from bovine source will exceed USD 1.95 billion by 2028. Bovine plasma is used as a fat replacer in food processing industry. Bovine plasma is obtained in liquid form, and it is then spray-dried and made into powder for a variety of uses.
 

Further, the market expansion is aided by the widespread usage of the bovine derived plasma powder as a calf milk substitute. The demand for bovine plasma powder is projected to be driven by its use in animal feed. Over the expected time frame, market expansion should be driven by the demand for high quality animal feed products that are excellent for the young animals' healthy growth. Increasing use of bovine plasma powder as milk replacers in calf diet will boost the plasma powder market growth.
 

Bovine plasma powder demand should be fueled by the cattle feed industry owing to increasing desire for immune-stimulating components to prevent animals from losing efficiency. Also, bovine plasma is frequently utilized in cattle feed products because it has proteins which helps to improve digestive function in young calves.
 

Due to expanding product usage in stressed and non-stressed calf diet, bovine source plasma powder is predicted to have the fastest growing market segment. Reduced dehydration, decreased mortality, greater gain, and enhanced growth are advantages of using bovine plasma powder as a substitute for calf milk. Additionally, bovine plasma powder also offers high protein and effective binding, which is often utilized in animal feed which will further drive plasma powder market share.
 

Rise in the demand for foods with high protein content is anticipated to boost product demand from the food application

plasma powder market by application

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By 2028, it is expected that the global plasma powder used in food would exceed USD 480 million. This is due to the product's capacity to provide a higher protein content, enhance product quality, guarantee uniformly desired texture, and thicken gravy, it is frequently utilised in culinary products. Product demand for food applications is anticipated to increase owing to increasing consumer demand for multifunctionality, convenience foods, and the health advantages of food thickeners.
 

The need for food thickeners should rise as more consumers use them in soups, sauces, stews, and broths. Market statistics should improve as a result of consumers' shifting preferences for high-protein food items and the rising demand for ready-to-eat, high-nutrition food goods. The growing demand for baked goods with a high protein content and the advantages of having less fat should increase product demand.
 

The plasma powder is a flexible product utilised in the food industry as an egg substitute in baked goods, a binder in meat products, and in pasta with a high protein content. This should increase demand for the product for culinary applications. The meat industry is being driven by rising demand for meat-based products such as sausages, salami, bacon ham and others. Also, rising consumer demand for processed meat products with a wide range of flavours, should have a favourable impact on plasma powder market sales.
 

Increasing pet humanization is expected to boost market size from North America region

plasma powder market by region

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North America plasma powder market share was expected to exceed USD 745 million in 2021. Growing consumer demand for pet food with high nutritional value should stimulate business expansion. Further, increasing pet adoptions along with the growing concern for pet health have driven the high demand for pet feed with high nutritional value pet food sales have been steadily increasing, which has aided in the business expansion.
 

The acceptance of a lifestyle that includes pet ownership and love, as well as the advent of online shopping, have all contributed to the pet industry phenomenal expansion, which should have a positive impact on the market growth. Plasma powder is an ingredient that ensures pet vitality & health, and the ingredient fulfils the nutritional & health benefits of animals, driving product demand for pet feed production.
 

Continuous product innovation and research & development activities to be key business strategies Incorporated by key players 

Global plasma powder industry is moderately fragmented, and some of the major key players includes Veos Group, APC Inc, ACTIPRO, Lican food, Merck KGaA, Darling ingredients, Rock Mountain Biologicals and SARIA Group. As the product has wide range of application which includes food, feed and others. In addition to these, industry players are engaged in several activities such as product innovation, partnership, acquisition and others.
 

For example, In September 2021, Cargill announced partnership with Dutch animal feed maker for new animal nutrition production facility in Netherland. By combining Cargill's global animal nutrition knowledge with enhanced manufacturing capabilities. Through this strategy the company will strengthen its position in the plasma powder market.
 

Global plasma powder market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2022 to 2028 for the following segments:

By Source

  • Bovine
  • Porcine
  • Others

By Application

  •  Food
  • Animal feed
    • Poultry feed
    • Swine
    • Aquafeed
    • Pet food
    • Ruminant feed
    • Others 
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Russia
    • UK
    • Italy
    • Spain  
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Vietnam
    • Indonesia
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa 
    • South Africa
    • Saudi Arabia
    • Egypt  

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global plasma powder industry had generated more than USD 2.80 billion in value during 2021 and is poised to expand at a CAGR of 5% through 2028 due to the rising demand for food and animal feed protein products.

Plasma powder, which is obtained from bovine and porcine whole blood, is a highly palatable protein concentrate which helps to enhance the quality of each formula by making sure it has uniform desired texture, thus increasing their protein content.

The plasma powder market share from the bovine source segment will be over USD 1.95 billion by 2028 and will rise with higher adoption of fat replacers in the food processing industry.

The plasma powder industry size from food applications is likely to cross USD 480 million by 2028 due to the higher consumer demand for convenience foods, multifunctionality, and the advantages of food thickeners.

North America plasma powder industry size will significantly expand through 2028 with the surging consumer demand for pet food having high nutritional value.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 13
  • Tables & Figures: 265
  • Countries covered: 21
  • Pages: 225

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