Plasma Powder Market

The Plasma Powder Market is valued at USD 3.02 Billion in 2022 and is expected to reach USD 4.61 Billion by 2029 with a CAGR of 5.4% over the forecast period.

Global Plasma Powder Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2023-2029- Increasing growth of animal feed industry and rising demand for innovative ingredients from pet food manufacturers are some of the major factors driving the growth of global plasma powder market.

Scope-

Plasma Powder is a highly palatable protein concentrate that is expected to add value to pet food formulations such as wet pet food, snacks, or treats. Plasma powder is a highly delicious protein concentrate that is gained from bovine and porcine whole blood. Plasma Powder helps to increase the quality of each formula by confirming texture, increasing the protein content and palatability of chunks and pate. There are three types of plasma proteins, including albumin, globulins, and fibrinogen. Plasma powder is a highly edible animal protein source used to improve feed palatability and gut health. Plasma powder is a flexible product utilized in the food industry as an egg substitute in baked goods, a binder in meat products, and in pasta with high protein content. The applications of plasma powder are food, animal feed, poultry feed, swine, aqua feed, pet food, ruminant feed, and others is including in the plasma powder.

The Covid-19 pandemic has had a significant impact on the global plasma powder market. Plasma powder is a highly specialized product used in a variety of industries, including aerospace, automotive, electronics, and medical devices. The pandemic has disrupted supply chains and caused significant disruptions in global trade, leading to a decrease in demand for plasma powder in some industries. The shutdown of factories and manufacturing facilities worldwide has also resulted in a decrease in the production of plasma powder. Additionally, travel restrictions and social distancing measures have impacted the ability of companies to conduct business and meet with clients, leading to delays in orders and reduced sales of plasma powder. Despite the challenges faced by the industry, the demand for plasma powder has remained strong in certain sectors. The medical industry, in particular, has seen an increased demand for plasma powder as it is used in the production of diagnostic test kits and vaccines.

The plasma powder market is segmented on the basis of sources, application and region & country level. On the basis of sources, the plasma powder market is segmented into bovine, porcine and others. On the basis of application, the plasma powder market is segmented into animal feed, food, pharmaceutical, others. On the basis of animal feed, the plasma powder market is sub segmented into the swine feed, poultry feed, pet food, aqua feed, ruminant feed, others.

The regions covered in this plasma powder market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of plasma powder is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players–

Some of the key players for plasma powder are -

• 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
• others

Segmentation–

By Sources:

• Bovine
• Porcine
• Others

By Application:

• Animal feed

  • Swine feed
  • Poultry feed
  • Pet food
  • Aqua feed
  • Ruminant feed
  • Others
• Food
• Pharmaceutical
• Others

By Regional & Country Analysis:

• North America

• U.S.
• Mexico
• Canada

• Europe

• UK
• France
• Germany
• Italy

• The Asia Pacific

• China
• Japan
• India
• Southeast Asia

• South America

• Brazil,
• Argentina
• Columbia

• The Middle East and Africa

• GCC
• Africa
• Rest of the Middle East and Africa

Market Dynamics–

The increasing growth of animal feed industry is one of the major factors driving the growth of the plasma powder market. For example, according to the American Feed Industry Association, in 2022, America’s domestic livestock and pets bit down approximately 284 million tons of safe. Additionally, according to AFIA in 2022, there are 5,800+ animal food manufacturing facilities in the U.S. supplying more than 284 million tons of finished feed and pet food each year. Animal feed plays a vital role in the food industry. Plasma powder is used to improve the feed palatability and gut health of young animals, with positive effects on overall presentation and humanity. Thus, the main use of plasma powder is in piglet starter diets, facilitating profitable weaning and increasing demand for plasma powder in the animal feed industry.

In addition, rising demand for innovative ingredients from pet food manufacturers is also boosting the demand for plasma powder due to the proteins found in plasma having unique properties that can be used to give wet pet food its recognizable texture and it is an excellent source of essential amino acids. It improves digestion and decreases the fecal output of animals, which means an increasing demand for innovative ingredients from pet food manufacturers. For example; according to pet food processing on April 22^nd, 2022, pet industry sales reached $123.6 billion in 2021. Additionally, according to pet food processing, on May 26^th, 2021, Solid Gold launched plasma-powered pet food. So, increasing numbers of manufacturers and suppliers are continually innovating their formulations and processes to advance the science and efficacy behind dog and cat food products. As a result, the growing demand for innovative ingredients from pet food manufacturers is propelling the plasma powder market.

However, uncertainty in acceptance of blood-based products for livestock feed, high investment in refining technology at a commercial scale, and lack of awareness of plasma powder use and benefits, may hinder the growth of the plasma powder market. In spite of that, increasing research and development in this field may create more revenue opportunities for the further growth of the market.

Regional Analysis–

Geographically, North America is expected to account for the leading share of the plasma powder market. Rising pet humanization and healthcare industries are expected to drive market growth in North America. For Americans, the humanization of pets has moved beyond a trend and into the standard. Increasingly, pet owners see their furry friends as part of the family and want to provide their pets with human-like products, involvement, and care. For example; according to natural product insider; on March 17^th, 2022, in the U.S., 61% of pet owners are willing to pay more for pet foods that help support specific dietary needs of their pets, including gut health, healthy weight, and healthy. Furthermore, according to the American Pet Product Association, customers spent $103.6 billion on pets in 2020, with $42 billion of that spent on pet food and treats. Therefore, increasing pet adoptions along with the rise in pet health are expected to drive the high demand for pet food with high nutritional value. Pet food sales have been steadily increasing the demand for plasma powder in the market.

The Asia-Pacific is expected to witness a fastest growth in the plasma powder market due to rising product innovation and research and development activities in this regions. Additionally, the market is also benefiting from the increasing use of plasma powders in medical and pharmaceutical applications, such as drug delivery systems and tissue engineering.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2022:	USD 3.02 Billion
Base year considered	2021
Forecast Period CAGR %:	5.4%
Market Size Expected in 2029:	USD 4.61 Billion
Tables, Charts & Figures:	175
Pages	300
Companies	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 and many others
Segments Covered	By Sources, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa