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Plasma Powder Market Analysis

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

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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.

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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.

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.