Global Plasma Powder Market Opportunities 2024, Forecast To 2033
8 Mar, 2024
The plasma powder market has shown strong growth, increasing from $2.9 billion in 2023 to $3.07 billion in 2024, with a CAGR of 5.9%. This growth is attributed to advancements in material science. The market is expected to reach $3.79 billion in 2028, with a CAGR of 5.4%, driven by nanotechnology integration. Major trends include plasma-polymer composite materials and bioresorbable coatings.
Global Plasma Powder Market Key Driver
The plasma powder market is witnessing growth fueled by the increasing demand for high-quality protein feeds. The rising consumption of high-quality feed by pets and domestic livestock necessitates nutritious and healthy feed formulations. Plasma powder serves as a vital ingredient in producing such feeds, ensuring optimal nutrition for animals. With estimates indicating a 2.5% increase in animal food consumption by 2025, as reported by the American Feed Industry Association, the demand for plasma powder is set to escalate, driven by the imperative to meet the growing demand for high-quality protein feeds.
Get A Free Sample Of The Global Plasma Powder Market ReportGlobal Plasma Powder Market Segments
The plasma powder market covered in this report is segmented –
1) Source:Bovine, Porcine, Ovine, Other Sources
2) Form:Dry, Wet
3) Sales Channel:Online, Offline
4) Application:Pet Food, Pig Feed, Poultry Feed, Aqua Feed, Ruminant Feed, Human Food, Other Applications
By Geography: The countries covered in the plasma powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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
Major Plasma Powder Industry Players
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.
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Plasma Powder Market Overview
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.