Home > Pressrelease > Global Plasma Powder Market size worth over USD 4.05 Billion by 2028

Global Plasma Powder Market size worth over USD 4.05 Billion by 2028

  • Published Date: July 6, 2022

According to a new research report by Global Market Insights Inc., the global Plasma Powder Market size is set to surpass 4.05 billion by the end of 2028.

Plasma powder is highly digestible and appetising animal protein which added to pet food formulas to boost nutritional value. It raises the protein content, palatability, and consistency of each formula's desired texture, improving its quality thus stimulate industry growth. Plasma powder is a protein that is crucial in sustaining animal gut health, as a feed substitute for zinc oxide and prophylactic antibiotics, the product also serves as a natural supply of bioactive components.

A variety of sectors, including food, pharmaceuticals, cosmetics, and biochemistry, use plasma powder. Plasma powder has a wide range of applications in animal feed products because it enhances the taste of the feed and the digestive health of young animals. Plasma proteins are largely used as a binder, to enhance colour, as an emulsifier, to substitute fat, and as meat curing agents in the meat business which should help the plasma powder market to grow in the foreseeable timeframe.

Plasma powder is a functional source of protein obtained from blood of healthy animals. The plasma obtained is concentrated and spray dried to make powder. A high-quality protein with a significant number of immunoglobulins, spray-dried plasma powder is crucial for enhancing the immune system. The plasma powder has biological and physical properties, including a good amino acid profile and antibodies that promote good health, making it appropriate for use in a variety of industrial processes, including food, medicines, and animal feed.

Rising demand for animal feed items that aid weight gain is anticipated to boost the market from porcine source

The porcine source plasma powder market is predicted to surpass USD 1,950 million in 2028. Due to its growing usage in swine starter diets and improvement of profitable weaning, the market for products derived from porcine is anticipated to increase. The animal feed sector is being led by rising concern for preserving animal health due to frequent disease outbreaks and rising awareness among livestock producers of the value of animal health products, both of which should fuel the market expansion.

Porcine plasma powder is commonly utilised in swine nutrition products and is frequently used in intensive swine production as a feed supplement that helps reduce the effects of stressful growth phases and resulting in enhanced average daily growth. The market for animal feed additives is being driven by the standardisation of meat products, rise in feed production, and higher consumption of animal-based goods, which should benefit the demand for porcine-based products.

Intensifying demand for protein based aqua feed should propel the market from aquafeed application

Plasma powder market share from aquafeed animal feed application exceeded USD 370 million in 2021. Animal feed application is anticipated to hold the largest market size owing to increasing concern among population towards animal health and safety which will influence industry growth during the estimated timeline.

Demand for fish is constantly increasing as more consumers become aware of the health benefits of eating fish. The market for plasma powder feed is therefore being  impelled by factors such as rising life expectancy, a limited supply of land and water to produce animal feed, and a strong need for sources of animal-based protein.

The supply of fish meal has become crucial due to the rising demand for aquatic feed and the scarcity of marine resources, which will favour the growth of the plasma powder market. Due to the high nutritional value of fish and the expansion of commercial aquaculture, there will be an increase in demand for bovine plasma powder, which will eventually augment business revenue during the projected timeframe.

Browse key industry insights spread across 225 pages with 229 market data tables and 36 figures & charts from the report, “Plasma Powder Market Size by Source (Bovine, Porcine), By Application (Food, Animal Feed {Poultry Feed, Swine Feed, Aquafeed, Pet Food, Ruminant Feed}) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:

Rapidly booming food processing industry should drive the market growth from Asia Pacific region

The Asia Pacific plasma powder market is expected to cross USD 1,255 million by 2028. Due to the expansion of animal domestication and the rising demand for meat, which is propelling the region's animal feed business, the product should experience significant demand. The need for poultry feed is being driven by China's rising swine output as a result of the country's rising pork consumption, which is predicted to have a favourable effect on the market and open up business opportunities.

The demand for animal feed is fuelled by the component plasma powder, which guarantees the wellbeing and health of animals and meets their nutritional and medical needs. As a result, companies that produce animal feed are searching for reliable and secure ingredient suppliers. To meet the nutritional needs of animals and to adapt to shifting trends, animal feed manufacturers are continuously attempting to improve the range with distinctive ingredients. This will help the plasma powder industry expand over the forecast time period.

Asia Pacific is expected to be the fastest growth industry due to the expanding animal feed sector and rising demand for animal feed. Due to its extensive domestication and massive livestock industry, which is driving demand for animal feed and favouring the expansion of the plasma powder market. During the anticipated time frame, the growing poultry, cattle, and aquafeed sectors will generate chances for plasma powder to have a favourable impact on market size.

Industry players in the plasma powder market are adopting a variety of strategies, such as the extension of their product portfolio, merger, acquisition, and collaborations, to sustain their presence in the global market. The key participants in the Plasma Powder Market are Animix LLC, IQI Petfood, Shenzhen Taier, Feed Stimulants, and Uruguayan Animal Proteins.

Authors: Kunal Ahuja, Sarita Bayas

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