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Plasma Powder Market Analysis
- Report ID: GMI5142
- Published Date: Feb 2023
- Report Format: PDF
Plasma Powder Market Analysis
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.
Regarding the application, the plasma powder market size from animal feed application segment will be worth over USD 4 billion by 2032. Plasma powder is extensively utilized in animal feed products such as poultry feed, ruminant feed, swine feed, pet food, and aquafeed to boost health & performance in the critical growth phase. The rapid growth in livestock-rearing practices and the large-scale consumption of animal products will foster the market revenue. Besides, the increasing concerns for pet health & nutrition, coupled with the growing demand for seafood due to its high nutritional value.
The Asia Pacific plasma powder market is set to witness a 5.5% CAGR and attain a valuation of over USD 1.5 billion by 2032. Increasing awareness about animal nutrition and the subsequent growth in demand for animal feed products that boost immune response, improve animal growth rate, and provide a good source of protein will support the market expansion. Furthermore, growing consumer interest in high-quality protein-rich food products such as pasta, which are nutritionally dense with high amounts of protein & fiber, will fuel the industry demand.
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Plasma Powder Market Scope
