The Business Research Company’s Plasma Powder Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Plasma Powder Global Market Report 2023 evaluates plasma powder market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global plasma powder market is expected to grow from $2.73 billion in 2022 to $2.90 billion in 2023 at a compound annual growth rate (CAGR) of 6.15%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 plasma powder market is expected to reach $3.58 billion in 2027 at a CAGR of 5.36%.
The increasing demand for high-quality protein feeds is expected to propel the growth of plasma powder market going forward. An increase in demand refers to the increase in consumption of high-quality feed by pets and domestic livestock. Plasma powder plays the role of an essential ingredient in making the feed healthy and nutritious for the animals. For instance, in March 2021, according to the American Feed Industry Association, a US-based not-for-profit organization that represents the feed industry, it was estimated that by 2025, animal food consumption could increase by 2.5% to 254.6 million tons worth roughly $48.8 billion, above that of 2020, which was 248.4 million tons. Furthermore, it is estimated that feed consumption could reach 263.1 million tons by 2025. Therefore, the increasing demand for high-quality protein feeds is driving the growth of the plasma powder market.
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The plasma powder market segments in the report are:
1) By Source: Bovine, Porcine, Ovine, Other Sources
2) By Form: Dry, Wet
3) By Sales Channel: Online, Offline
4) By Application: Pet Food, Pig Feed, Poultry Feed, Aqua Feed, Ruminant Feed, Human Food, Other Applications
The table of contents in TBRC’s plasma powder market report includes:
- Executive Summary
- Plasma Powder Market Characteristics
- Plasma Powder Market Trends And Strategies
- Plasma Powder Market – Macro Economic Scenario
- Plasma Powder Market Segmentation.
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- Global Plasma Powder Market Competitive Benchmarking
- Global Plasma Powder Market Competitive Dashboard
- Key Mergers And Acquisitions In The Plasma Powder Market
- Plasma Powder Market Future Outlook and Potential Analysis
- Appendix
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