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Plasma Powder Market Size

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

Plasma Powder Market Size

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

 

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.

 

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.

Plasma Powder Market Scope

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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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