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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Plasma Powder Market Size in 2022: | USD 2.9 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 4.8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 235 |
| Tables, Charts & Figures: | 253 |
| Segments covered: | Source, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Plasma Powder Market Scope
