The global plasma powder market size is projected to exceed USD 2.8 Billion in 2022 and is estimated to exhibit growth at 5.2% CAGR between 2022 and 2032. The global market is set to reach USD 3.0 Billion in 2032.
The increasing focus of key companies on the development of safe and nutritious animal feed is a vital factor that would drive the market. In addition, the limited use of antibiotics and rising concerns about the maintenance of overall health among consumers are expected to augment growth.
| Attributes | Key Statistics |
|---|---|
| Global Plasma Powder Market Estimated Size (2022E) | USD 2.8 Billion |
| Projected Market Valuation (2032F) | USD 3.0 Billion |
| Value-based CAGR (2022 to 2032) | 5.2% |
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The high demand for animal-derived food products like fish, eggs, meat, and milk is creating an urgent need to provide more nourishment to animals. Optimization of poultry farm infrastructure, enhancements in animal welfare, and ongoing technological developments are expected to push the poultry sector in the next decade.
As feed is considered to be the most critical component in ensuring the supply of abundant, healthy, and affordable animal proteins, animal feed plays a crucial role in the global food economy. Good amounts of nutrients are needed by livestock to meet the requirements of distinct growth stages. They require proper nourishment for organ, muscle, and bone growth and development.
Plasma powder is capable of enhancing gut health and feed palatability. Increasing the use of spray-dried plasma powder as an in-feed alternative to zinc oxide and prophylactic antibiotics is anticipated to bolster growth in the market.
Highly digestible proteins or plasma proteins are becoming increasingly crucial in livestock farming as undigested proteins in the gut of animals can cause bacterial fermentation and pathogen overgrowth.
Plasma powder can improve the overall performance and mortality of livestock. The product contains antibodies and other bioactive compounds that enable passive mucosal immunity against viral and bacterial infections.
Immunoglobulin G and plasma-borne growth factors in plasma powder also promote gut maturation and reinforce the intestinal barrier. Plasma is regarded as an irreversible gelling agent that improves the chunk texture and overall palatability of wet pet food, in addition to its health-promoting characteristics. Therefore, the animal feed industry is expected to push demand for plasma powder in the evaluation period.
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The USA Plasma Powder Market to Benefit from Increasing Number of Pet Owners in the Country
During the projected period, the USA is expected to dominate the North American plasma powder market owing to the presence of a large number of pet owners in the country. Also, a growing trend among livestock farmers to seek out new alternatives to antimicrobial growth promoters (AMGPs) would aid growth.
As per FMI, the USA plasma powder market is expected to reach USD 0.6 Billion in 2022 and is set to be valued at USD 0.8 Billion in 2032.
Baked Goods Manufacturers to Create High Demand for Plasma Powder Coatings
Due to the rising consumption of bread and processed foods in Germany, the plasma powder market is expected to increase rapidly in the forecast period from 2022 to 2032. Rising consumer preference for baked goods on the back of their low calorie and high protein content, as well as pleasant taste, is also expected to propel growth in Germany.
Plasma Powders & Systems to Be Used as an Egg Alternative
Increasing use of plasma powder as a relatively low-cost alternative to eggs in baked goods and confectioneries across Mexico is anticipated to fuel the market. High demand for convenient, ready-to-eat food products as a result of rapidly changing lifestyles and the adoption of hectic schedules by consumers would also stimulate demand in the country.
Bovine Plasma Powder Coatings to Gain Traction
By source, the bovine segment is expected to create an absolute opportunity of USD 1.2 Billion in 2022, finds FMI. The segment is projected to grow significantly over the next few years.
In the food processing sector, bovine plasma is extensively utilized as an emulsifier and fat replacer. Rising export and import of processed food items, as well as the rapid expansion of the processed food industry, would bode well for the segment.
Besides, the use of bovine plasma is expected to reduce pollution and prevent the loss of a valuable protein source, thereby resulting in greater earnings and environmental benefits that would help the market to flourish.
Pharmaceutical Industry to Adopt Plasma Powders & Systems
The introduction of novel plasma-derived medicines is propelling the pharmaceutical segment forward. In addition, the rising incidence of genetic illnesses is likely to encourage healthcare professionals to use plasma-derived medications for treatment.
Over the last two decades, there has been a surging demand for tailored medicines, as well as a growing preference for early disease identification. These factors are expected to favorably influence the segment in the global market.
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To address the high demand for plasma powder-infused products from various industries, key companies are concentrating on producing novel and highly effective plasma powder. They are expected to create new plasma powders from diverse animal sources for providing high levels of animal protein for a wide range of food and feed applications.
Some of the other key players are also focusing on increasing their market presence through mergers and acquisitions, as well as opening new manufacturing units in numerous locations to generate high shares.
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| Attributes | Details |
|---|---|
| Estimated Market Size (2022) | USD 2.8 Billion |
| Projected Market Valuation (2032) | USD 3.0 Billion |
| Value-based CAGR (2022 to 2032) | 5.2% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Billion) and Volume (MT) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Mexico, Germany, France, Russia, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Thailand, Vietnam, Indonesia, Australia, Brazil, South Africa, Saudi Arabia, and Egypt. |
| Key Segments Covered | Source, Application, and Region |
| Key Companies Profiled | ACTIPRO; Lican Alimentos S.A.; APC Company Inc.; Merck KGaA; Rocky Mountain Biologicals LLC; Veos N.V.; Darling Ingredients Inc. (Sonac); Acontex GmbH; SARIA Group; Shenzhen Tier |
| Report Coverage | Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, market dynamics and challenges, and strategic growth initiatives |
The plasma powder market is expected to reach nearly USD 2.8 Billion by 2022.
The bovine segment is likely to hold a share of 45.9% in the global plasma powder market in 2022.
The North American plasma powder market is expected to register a 5% CAGR between 2022 and 2032.
Demand for plasma powder is expected to grow at 4.8% CAGR in Europe between 2022 and 2032.
The urgent need to provide proper nutrition to pets and cattle is set to boost the demand for protein-rich animal feed like plasma powder in the upcoming decade.
The MEA plasma powder market will grow at 4% CAGR between 2022 and 2032.
1. Executive Summary | Plasma Powder Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 5.1. Bovine 5.2. Porcine 5.3. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Animal Feed 6.1.1. Swine Feed 6.1.2. Poultry Feed 6.1.3. Pet Food 6.1.4. Aquafeed 6.1.5. Ruminant Feed 6.1.6. Others 6.2. Food 6.3. Pharmaceuticals 6.4. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East and Africa 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. ACTIPRO 17.2. Lican Alimentos S.A. 17.3. APC Company Inc. 17.4. Merck KGaA 17.5. Rocky Mountain Biologicals LLC 17.6. Veos N.V. 17.7. Darling Ingredients Inc. 17.8. Acontex GmbH 17.9. SARIA Group 17.10. Shenzhen Tier 17.11. Others on Additional Request 18. Assumptions & Acronyms Used 19. Research Methodology
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Plasma Powder Market
