The Porcine Plasma Feed Global Market Report 2023, provides comprehensive information on the porcine plasma feed market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Porcine Plasma Feed Global Market Report 2023, the global porcine plasma feed market size grew from $1.13 billion in 2022 to $1.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the porcine plasma feed market is expected to grow to $1.55 billion in 2027 at a CAGR of 6.5%.
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Technological innovation is the key trend gaining popularity in the porcine plasma feed market. The market is witnessing the implementation of advanced technological innovations such as spray-dried porcine plasma, an abattoir by-product used in animal nutrition with reported positive effects in livestock. Spray-dried porcine plasma is an ingredient with greater nutritional value, as it provides highly digestible protein with an ideal amino acid profile. This spray-dried animal plasma (AP) is widely used to produce animals’ post-weaning diets to improve growth and well-being. Major companies operating in porcine plasma feed are focused on providing such advanced innovation to strengthen their market position. For instance, in February 2021, Diamond V, a US-based manufactures of natural immune-support postbiotic feed additives, experimented with and innovated an old product line into a new product line named Dia-V™, an immune health piglet feed additive used in nursery pig diets. These Dia-V Nursery fermentate feed additives work with the piglet’s biology that helps maintain immune strength, digestive tissue integrity, and a healthy microbial balance.
The porcine plasma feed market is segmented:
1) By Type: Powder, Grain, Other Types
2) By Application: Pet Food, Aquafeed, Other Applications
3) By End-User: Farmers, Farming Organizations, Feed Additive Companies, Animal Feed for Pets
North America was the largest region in the porcine plasma feed market in 2022.
The table of contents in TBRC’s porcine plasma feed market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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