What Does the Historical and Current Porcine Plasma Feed Market Size Trend Indicate?
The porcine plasma feed market has seen considerable growth due to a variety of factors.
• The market size for porcine plasma feed has seen substantial growth in the recent past. It is projected to rise from $1.25 billion in 2024 to $1.31 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.1%.
Several factors have contributed to this growth, including the rise in consumer spending on pet food, the prohibition of antibiotics in numerous countries, and an increase in investment.
What Is the Forecasted Market Size and Growth Rate for The Porcine Plasma Feed Market?
The porcine plasma feed market is expected to maintain its strong growth trajectory in upcoming years.
• The market for porcine plasma feed is projected to experience consistent expansion in the coming years, reaching $1.58 billion in 2029, reflecting a Compound Annual Growth Rate (CAGR) of 4.7%.
This anticipated growth during the forecast period can be ascribed to the rising meat consumption, the growing preference for sustainable practices within the feed industry, and expansive growth throughout the international food sector. Notable trends for the forecast period include an emphasis on introducing new products, new nutrition solutions, new feed additives, strategic alliances and collaborations, as well as advancements in technology.
What Key Factors and Trends are Driving the Growth of the Porcine Plasma Feed Market?
The surge in consumer expenditure on pet food is a significant contributor to the expansion of the porcine plasma feed market. The pet food sector has seen substantial growth over recent years due to a rise in food and feed adulteration instances. Providing pets with food enriched with essential amino acids facilitates their growth and offers various other important nutrients. Including these plasma feed additives in pet meals delivers an easier-to-digest system for the pet, enhancing their immune strength and metabolism. As mentioned by Pet Food Processing in December 2023, an American company offering industry-specific analyses, trends, and developments for pet food manufacturing, pet food is likely to lead the market, estimated to touch nearly $121 billion by 2030. It's then followed by veterinary service at $71 billion, pet supplies and non-prescription medicines at $66 billion, and other services, like live animal sales, at $24 billion. As per the American Pet Products Association (APPA) data from 2022, the bulk of pet owners' expenditure was centred around pet food and commodities. This group contains items like beds, crates, transportation objects, chewable items, pet care aids, harnesses, medicines, food-related accessories, toys, and vitamin & supplement products. Therefore, an additional rise in consumer expenditure on pet food is likely to stimulate the demand for porcine plasma feed during the projected period.
What Are The Main Segments Of The Global Porcine Plasma Feed Market?
The porcine plasma feed market covered in this report is segmented –
1) By Type: Powder, Grain, Other Types
2) By Application: Swine Feed, Pet Food, Aquafeed, Other Applications
3) By End User: Farmers, Farming Organizations, Feed Additive Companies, Animal Feed For Pets
Subsegments:
1) By Powder: Spray-Dried Porcine Plasma Powder, Freeze-Dried Porcine Plasma Powder
2) By Grain: Granulated Porcine Plasma Feed, Pelleted Porcine Plasma Feed
3) By Other Types: Liquid Porcine Plasma Feed, Mixed Formulations
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What Emerging Trends Are Influencing The Growth Of The Porcine Plasma Feed Market Landscape?
Firms operating in the porcine plasma feed market are putting their resources into launching new products and enhancing their current offerings to solidify their market dominance. For instance, in 2023, U.S. based animal feed supplier, Purina Animal Nutrition, which caters to a variety of animals including poultry, aquatic species, horses, and a spectrum of cattle types, unveiled two innovative feed additives - Purina EnduraSow and EnduraPig. These products have been specifically designed to optimize sow performance and secure piglet respiratory health respectively. EnduraSow is a minimal-inclusion feed additive that bolsters sow productivity during a health-related setback, demonstrated by increased numbers of pig weaning annually in commercial tests. EnduraPig is another feed additive that aims to uplift pig growth performance particularly during a respiratory hurdle, while also preparing pigs' immune systems to better tackle health complications. This becomes significantly important during weaning when the piglet's immunity from the sow's milk wears off before their own immune system has fully matured.
Who Are the Key Players in the Porcine Plasma Feed Market?
Major companies operating in the porcine plasma feed market include:
• Darling Ingredients Inc
• Ridley Corporation Limited
• APC Proteins
• Essentia Protein Solutions
• Daka Denmark A/S
• Veos Group
• West Coast Reduction Ltd
• FASA Group
• FeedWorks Pty. Ltd.
• Kraeber & Co Gmbh
• Frigorifico Allana Private Limited (FAPL)
• Allanasons Private Limited
• Premier Nutrition Limited
• AB Agri Ltd
• SARIA Bio-Industries AG & Co. KG
• Sera Scandia A/S
• North-West Regional Company
• Vitomek
• Intercom
• Sewa Sante Animalu
• Agrofid Rus
• Puretein Agri
• Rocky Mountain Biologicals
• Ekofood
• Mars
• ADM
• African Gazelle Products
• RCL Foods
• Martin & Martin Pty Ltd
• PROMEAL
What Is The Most Dominant Region In The Porcine Plasma Feed Market?
North America was the largest region in the porcine plasma feed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the porcine plasma feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
