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Plasma Powder Market By Source (Bovine, Porcine And Others), By Application (Food, Animal Feed And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 13314
Pages: 180
Formats: report pdf report excel report power bi report ppt

Plasma Powder Market Value, Share, Growth (2022-2027)

Plasma Powder Market was worth US$ 2.8 billion in 2021 and is anticipated to reach a valuation of US$ 3.72 billion by 2027 and is predicted to register a CAGR of 5.3% during 2022-2027.

Plasma Powder Market

Plasma Powder Market Scenario:

Plasma powders are utilised in food applications as a good protein source, gravy thickening, and binding aid. Product demand for food applications should be bolstered by the growing food and beverage industry, as well as the rapidly expanding need for healthy processed food products. In pharmaceutical applications, such as tablet formulations, spray-dried animal plasma is utilised as a binder. Personalized treatments, rising drug sales, and an older population should drive product demand, boosting plasma powder market growth.Because of its capacity to deliver high protein content and outstanding physiochemical qualities, spray-dried animal plasma (SDAP) is preferred as a binder in pet food, particularly for cat food. Animal feed products are in higher demand.

Plasma Powder Market Growth:

The Plasma Powder Market is being driven due to the increasing demand in quality animal and pet food. The increasing demand for high-quality animal food is expected to boost the market growth. These factors are anticipated to contribute to the Plasma Powder Market growth.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

5.3%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Darling ingredients, Veos Group, ACTIPRO, Lican food, APC Inc, SARIA Group, Rock Mountain Biologicals, Merck KGaA., Arkion Life, Haripro

Plasma Powder Market Drivers:

The availability of identical growth properties between AMGP and plasma powder, as well as cumulative government regulations imposed over antimicrobial growth promoters in major developing nations, are major factors driving the plasma powder market globally over the forecast period.

Increased growth, fewer scour days, better faecal scores, less dehydration, and lower mortality have all been reported when plasma powder is used in cow feeding activities. Moreover, increasing pet production activities and a considerable increase in demand from pet manufacturers for innovative ingredients to improve pet health are expected to boost the plasma powder market during the forecast period. The plasma powders should make it easier to make limited-ingredient wet pet diets, treats, and snacks. These factors are anticipated to propel the Plasma Powder Market growth.

Plasma Powder Market Restraints:

During the projection period, the availability of alternatives at considerably lower rates, as well as a lack of knowledge among farming communities in poor and undeveloped countries, will be major factors impeding the growth of the plasma powder market globally. These are some of the factors which are holding back the Plasma Powder Market growth.

Recent Developments in the Plasma Powder Market:

Darling ingredients and the Rousselot brand announced the opening of a new Brazilian innovation lab in May 2021. The updated lab will be used to meet the needs of the pharmaceutical, nutrition, and food industries for the finest product application support. The company planned to use this to develop its global lab network in order to provide innovation, application, and expertise formulations.

Plasma Powder Market Segmentation: 

By Source:

  • Bovine

  • Porcine

  • Others

The Plasma Powder Market has been divided by source into, bovine, porcine and others. The source segment of the Plasma Powder market is dominated by the bovine grade with the highest market share. From 2022 to 2027, In 2020, the global plasma powder market from bovine sources topped USD 1.14 billion, and it is expected to grow significantly over the next few years. In the food processing sector, bovine plasma is utilised as an emulsifier and fat replacer. Product demand for food applications should be boosted by the growing processed food industry, as well as increased export and import of processed food goods. The use of bovine plasma is expected to reduce pollution and prevent the loss of a valuable protein source, resulting in greater earnings and environmental benefits that should help the market flourish. Animal blood and derived products provide nutritional, economic, and environmental benefits, and advances in processing and blood collecting techniques should have a favourable impact on the business landscape.

Bovine plasma is commonly utilised in cattle feed products because it includes protein and improves digestive function in young calves. Bovine plasma powder demand should be fueled by an increase in demand for immunity-boosting components from cattle feed makers in order to prevent cow productivity loss. Bovine plasma powder is expected to be in high demand due to its several benefits, including better faecal score, reduced mortality, less dehydration, more grain, and fewer scour days when used in calf milk replacer. Increased need for high-quality animal feed premix products that promote vigorous and healthy growth in young animals should raise demand for bovine plasma powder, resulting in market statistics possibilities.

By Application:

  • Food

  • Animal Feed

  • Others

The Plasma Powder Market has been divided by application into, food, animal feed and others. The application segment of the Plasma Powder market is dominated by the animal feed category with the highest market share. By 2027, the global plasma powder market for culinary applications is expected to reach USD 420 million. Because of its ability to raise protein content, improve product quality, assure uniform desirable texture, and thicken gravy, the product is extensively utilised in culinary products. Food thickener demand is expected to rise as demand for multifunctionality, convenience foods, and health benefits associated to food thickeners grows. Product demand should be fueled by rising need for food thickeners for use in soups, sauces, stews, and broths. Consumer preferences for high-protein foods, as well as rising demand for ready-to-eat, high-nutrition foods, should have a beneficial impact on market statistics.

Product demand should be driven by rising demand for high protein bakery items, as well as the benefits of lower fat content. The powder is a flexible product utilised in the food business as an egg replacer in bakery products, a binder in meat products, and as an egg replacer in bakery products, which should increase demand for the product in food applications. Product adoption is expected to be fueled by India's growing food processing industry and Europe's growing bread industry. The meat industry is being driven by rising meat output and rising demand for processed meat products with a range of flavours as consumer tastes change, which should have a favourable impact on market size.

Plasma Powder Market Regional Analysis: 

The Plasma Powder Market Report includes the segmentation of Regions:

  • North America
  1. The U.S.

  2. Canada

By 2027, the plasma powder market in North America is expected to reach USD 950 million. Increased demand for high-nutrition pet food should result in increased income for the industry. Because of the vast number of pet owners in the region, North America is expected to emerge as a prominent market for the product. This will drive product demand for pet food applications. Because of the growing popularity of pet ownership and a pet-loving lifestyle, as well as the introduction of online shopping, the pet business has seen spectacular expansion, which should benefit the entire market size.

Market expansion should be aided by rising usage of the product as a low-cost egg alternative in baking food goods. The food processing business is being driven by rising need for convenient, ready-to-eat food products as a result of changing lifestyles and hectic schedules, which should stimulate product demand. Furthermore, rising consumer preferences for healthy components in food products, as well as changes in food eating habits in response to changing trends, are expected to promote the growth of the North American plasma powder market.

Plasma Powder Market Key Players:

  1. Darling ingredients

  2. Veos Group

  3. ACTIPRO

  4. Lican food

  5. APC Inc

  6. SARIA Group

  7. Rock Mountain Biologicals

  8. Merck KGaA. 

  9. Arkion Life

  10. Haripro

 

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FAQ's

What can be the total Plasma Powder Market value?

The Plasma Powder Market was worth US$ 2.8 billion in 2021 and is anticipated to reach the valuation of US$ 3.72 billion by 2027

Mention the growth rate of the Plasma Powder Market?

The Plasma Powder Market is predicted to register a CAGR of 5.3% during 2022-2027

Name any three Plasma Powder Market key players

Rock Mountain Biologicals, SONAC and Lican Foods are a few key Plasma Powder Market players.

What is the study period of this report?

The study period of this report is from 2022-2027

Which region registered the highest Plasma Powder Market Share

The region that registered the highest Plasma Powder Market Share is the North American region

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