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Plasma Powder Market Size By Source (Bovine, Porcine), By Application (Food, Animal Feed {Poultry Feed, Aquafeed, Pet Food, Ruminant Feed}), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2032

  • Report ID: GMI5142
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Drivers

Plasma Powder Market size surpassed USD 2.9 billion in 2022 and is projected to exhibit a CAGR of 5% between 2023 and 2032.
 

plasma power market

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The mounting demand for high-quality and protein-based animal feed due to escalating animal health concerns will propel the market demand. Meat and meat products have gained tremendous traction over recent years, attributed to a noticeable transformation in people's dietary habits and subsequent inclination toward food items with rich nutritional composition. According to the latest OECD estimates, the global meat supply is predicted to reach 377 Mt by 2031, accelerated by increasing consumer demand and consistent technological improvements in animal management and breeding practices.
 

The ongoing herd and fleet expansion across low- and middle-income countries have further resulted in several health issues among livestock animals, stimulating the acceptance of animal feed with high protein content. Besides, the growing consumer awareness about animal feed protein ingredients and their safety, quality, and suitability for future supplies will further drive the plasma powder market growth.
 

Availability of low-cost protein alternatives to downsize plasma powder demand

Plasma powder is a protein source whose low-cost substitutes are easily available in the market. Several plant-based alternative protein sources, such as chickpeas, soybeans, groundnut cake, sunflower, cotton seed, and cowpeas, are relatively more affordable than spray-dried plasma powder, therefore, find increasing usage across various end-use industries. These factors, in consequence, may hamper market performance over the next ten years. In addition, reforms in government policies & regulations pertaining to emission standards and climate change goals will also hinder the industry outlook. 
 

Inflating pig meat exports to augment the demand for porcine plasma powder

Plasma Powder Market Size By Source

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With regard to the source, the plasma powder market share from the porcine segment is anticipated to grow at 4.5% CAGR through 2032, led by the recognizable rise in the production and export of pig meat globally, resulting in the expansion of the swine feed market. Besides, the widespread utilization of porcine plasma powder in intensive swine production to reduce fetal growth restriction (FGR) of weaners and increase average daily growth will further influence product sales through 2032.
 

Increasing health concerns among poultry and livestock animals to bolster plasma powder sales

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plasma powder valued at USD 2.9 billion in 2022 and is set to grow at 5% CAGR from 2023 to 2032, backed by the burgeoning demand for high-quality protein-rich animal feed ingredients.

The animal feed application is primed to garner over USD 4 billion in gains by 2032, given the increasing consumption of animal products and seafood worldwide due to their nutritional benefits.

The porcine segment is projected to witness over 4.5% CAGR between 2023 and 2032, due to the flourishing pig meat trade and the subsequent rise in uptake of swine feed products.

Leading firms in the market include Darling Ingredients (Sonac), VEOS, Lican Food Rocky Mountain Biologicals, Acontex GmBH, Merck KGaA, GRG Enviro Sound Solutions Pvt Ltd, Kraeber & CO. GmBH, Cargill, Incorporated, Animix LLC, Shenzhen Taier, FeedStimulants, Uruguayan Animal Proteins, Actipro, and APC.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 253
  • Countries covered: 20
  • Pages: 235

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