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Plasma Powder Market size to exceed $3.5bn by 2027

  • Published Date: October 27, 2021

Plasma powder market size is set to surpass USD 3.5 billion by 2027, according to a new research report by Global Market Insights Inc.

Plasma powder is obtained from whole blood of animals which are isolated through different separation process. The techno-functional property of the product is provided by their high level of albumin which makes up to about 60% of the total protein. The plasma albumin is heated which denatures faster than aggregation which allows the unfolded protein to arrange themselves to form a homogenous, irreversible stable elastic gel. The plasma powder offers biological and physical attributes such as good amino acid profile and health promoting antibodies making it suitable for various industrial applications such as food, pharmaceutical and animal feed.

Increasing demand for animal feed products to improve the weight gain should fuel porcine plasma powder demand

Global plasma powder market from porcine source exceeded USD 1.3 billion in 2020. The demand for porcine based product is forecast to rise owing to its increasing for facilitating profitable weaning and use in piglet starter diets. In sow diets the product improves the average piglet weight at weaning and farrowing rate. Increasing awareness among livestock producers about importance of animal health products along with concern for maintaining animal health due to frequent disease outbreak is driving the animal feed industry which should favor market growth.

Porcine plasma powder is widely used in intensive swine production as a feed additive which helps mitigate the consequence of stressful growth phase and results in increased average daily growth therefore is widely used in swine nutrition products. Standardization of meat products, growth in feed production and increased consumption of animal-based products is driving the demand for animal feed additives which should favor porcine based product demand.

Browse key industry insights spread across 235 pages with 227 market data tables and 16 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, Price Trend, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:

Increasing use of plasma powder as a binder in pharmaceutical compositions should drive plasma powder market expansion

The plasma powder demonstrates good tablet formation as a solution binder for sustainable and conventional released compositions. Growing pharmaceutical industry along with increase in medicine sales is anticipated to be the supporting factor for business landscape. The oral dosage tablet from plasma powder should witness demand owing to its benefits such as low cost, lower content variability for dosage precision, and they are lightest and most compact of all dosage forms and tablets have ease in swallowing when coated. Furthermore, they are inexpensive, well suited for large scale production, and offers combined properties of chemical, mechanical, and microbiologic stability of all forms.

COVID 19 pandemic has led to increased consumer spending on improving health outcomes by controlling the cost and expanding the access to medicines which should favor plasma powder market size. Factors such as launch of new medicines, changes in demand and use and trends in medicines spending has led to emerging pharmaceutical industry in lower income countries which should boost product demand for pharmaceutical applications. In developed countries competition from biosimilars and generics, offset by patent lifecycles and adoption of new treatments and medicines are anticipated to be the key factor in medicine spending and growth.

Growth in the animal feed and food processing industries in the region should drive product demand in Asia Pacific

Asia Pacific plasma powder market is slated to exceed USD 1.1 billion by 2027. The product should witness a high demand owing to growth in domestication of animals along with growing demand for meat which is driving the animal feed industry in the region. Increasing pork consumption in China has led to increased swine production which is driving the demand for poultry feed and is expected to positively impact market thus creating business opportunity. Factors such as increase in health expenditure, high prevalence of disease, increased size of older population are few factors driving the pharmaceutical industry in Asia Pacific region which should favor market growth.

The plasma powder market is competitive and includes various players such as Darling ingredients, Veos Group, ACTIPRO, Lican food, APC Inc, SARIA Group, Rock Mountain Biologicals and Merck KGaA. Companies are primarily engaged in business strategies such as expanding production capacity, merger and acquisitions for business expansion.

Authors: Kunal Ahuja, Sarita Bayas