What Has Been The Evolution of the Plasma Powder Market in Recent Years?
The plasma powder market has seen considerable growth due to a variety of factors.
•The market size of plasma powder has experienced robust growth in the past few years. It is set to increase from $3.04 billion in 2024 to $3.2 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 5.4%.
Notable contributors to this growth in the historic stage include advancements in material science, the evolution of surface modification techniques, the rising demand for advanced coatings, along with the progress made in the semiconductor, electronics, medical, and biomedical industries.
What Is the Forecasted Market Size and Growth Rate for The Plasma Powder Market?
The plasma powder market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the plasma powder market is set to witness sturdy growth. The market is predicted to bolster to $4.03 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%.
This escalating growth in the projected period can be credited to emerging nanotechnology integration, investigation in catalytic applications, the inclusion in smart materials, utilization in 3d printing, and the increasing demand in biomedical engineering. Prominent trends predicted for the forecast period range from plasma-polymer composite materials, hybrid additive manufacturing processes, adaptable smart coatings, bioresorbable implants and coatings to plasma powder in 5g technologies.
What Are The Core Factors Supporting Growth In The Plasma Powder Market?
The surge in the need for superior-quality protein feeds is set to drive the expansion of the plasma powder market. The rise in consumption of such feeds by domestic livestock and pets is what this heightened demand entails. Essential in creating nutritious and healthy feed for animals, plasma powder's role is vital. As of January 2022, the American Feed Industry Association, which is a non-profit body in the U.S. representing the animal feed sector, estimates that the American animal feed will observe approximately 2.5% growth annually. This will result in an anticipated 254.6 million tons valued at nearly $48.8 billion by 2025. For this reason, the escalating need for superior protein feeds is fueling the expansion of the plasma powder market.
What Are The Major Segments Within The Global Plasma Powder Market?
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
Subsegments:
1) By Bovine: Bovine Serum Powder, Bovine Plasma Protein
2) By Porcine: Porcine Serum Powder, Porcine Plasma Protein
3) By Ovine: Ovine Serum Powder, Ovine Plasma Protein
4) By Other Sources: Equine (Horse), Avian (Chicken), Other Animal Sources
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Which Trends Are Expected To Transform The Plasma Powder Market?
One of the significant trends emerging in the plasma powder market is product innovation. Firms operating within this market are strategically launching new products to maintain their standing. For instance, Octapharma AG, a pharmaceutical firm from Switzerland, received approval from the European Union (EU) in February 2023 for their new product, OctaplasLG powder, a form of plasma powder or a lyophilized (freeze-dried) version of their widely recognised plasma for transfusion. This supplementary product line will be promoted in Europe as a powder combined with a solvent solution for infusion. OctaplasLG powder, a pharmaceutical-grade human plasma product, promises standardized quality and superior pathogen safety profiles, thanks to Octapharma's comprehensive pathogen elimination and inactivation approach.
Who Are the Key Players in the Plasma Powder Market?
Major companies operating in the plasma powder market include:
• Takeda
• CSL Behring
• Darling Ingredients
• Grifols
• Octapharma
• Kedrion
• Valley Proteins Inc.
• Proliant Biologicals
• Veos Group
• Uruguayan Animal Proteins
• Haripro SpA
• Lihme Protein Solutions
• 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
What Is The Most Dominant Region In The Plasma Powder Market?
North America was the largest region in the plasma powder market in 2024. 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
