Overview and Scope
Plasma powder is a protein-rich ingredient derived from the spray-drying of plasma, commonly used to enhance the nutritional value and promote growth in animal diets. Besides being good for the health and well-being of pets by being a good source of protein, it also ensures the juiciness, elasticity, and softness of chunks and pate.
Sizing and Forecast
The plasma powder market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to material science advancements, rise in surface modification techniques, demand for advanced coatings, semiconductor and electronics industry, medical and biomedical innovations.
The plasma powder market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to emerging nanotechnology integration, exploration in catalytic applications, integration in smart materials, adoption in 3d printing, demand in biomedical engineering. Major trends in the forecast period include plasma-polymer composite materials, hybrid additive manufacturing processes, customizable smart coatings, bioresorbable implants and coatings, plasma powder for 5g technologies.
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Segmentation & Regional Insights
The plasma powder market covered in this report is segmented –
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
North America was the largest region in the plasma powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for high-quality protein feeds is expected to propel the growth of plasma powder 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.
Key Industry Players
Major companies operating in the plasma powder market report are Takeda, Merck KGaA, CSL Behring, Darling Ingredients, Grifols, Octapharma, Kemin Industries, Kedrion, Valley Proteins Inc., Proliant Biologicals, Lican Food, IQI Petfood, Veos Group, Uruguayan Animal Proteins, Haripro SpA, Lihme Protein Solutions, Proliant Biologicals, Saria SE & Co. KG, Acontex GmbH, APC Inc., British Aqua Feeds, Feed Stimulants, Otto Chemie Pvt Ltd, Shenzhen Taier Biotechnology Co. Ltd, Animix LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals.
The plasma powder market report table of contents includes:
1. Executive Summary
2. Plasma Powder Market Characteristics
3. Plasma Powder Market Trends And Strategies
4. Plasma Powder Market – Macro Economic Scenario
5. Global Plasma Powder Market Size and Growth
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32. Global Plasma Powder Market Competitive Benchmarking
33. Global Plasma Powder Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Plasma Powder Market
35. Plasma Powder Market Future Outlook and Potential Analysis
36. Appendix
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