The global plasma powder market is anticipated to reach $4.3 billion by 2031, growing from $2.7 billion in 2021 at a CAGR of 4.9% from 2022 to 2031.
Plasma protein powder is used in the production of high-quality chunks and pate. It binds all tiny particles together and keeps water and fat in the matrix. This results in a consistent product with a juicy, elastic, and soft texture that our cats and dogs enjoy with every bite. The gelling and water binding capabilities are more pronounced at higher temperatures, which is a plus. These factors are anticipated to boost the plasma powder industry growth in the upcoming years.
The acceptability of blood-based products for livestock feed is anticipated to be hampered by a lack of public awareness and costly commercial investment. The rise in the cost of raw materials such as porcine, bovine, or ovine blood, that are necessary for the finished product is another hindrance to the market expansion. All of these issues are expected to limit the demand for plasma powder during the forecast period.
An increase in the number of pet food producers is examining the use of protein in addition to traditional animal protein to improve animal health owing to the rising pet adoption rates and increasing demand for high-protein pet products. Plasma protein in pet food formulation specifically helps formulation in increasing food palatability in a product. These are significant factors that are expected to boost the plasma powder market expansion.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major plasma powder producing countries such as the U.S. and China, which imposed significant challenges on the market As a result of the outbreak, the major manufacturers operating in the plasma powder market suffered a significant downfall in revenue generation. This is mainly due to the stoppage of manufacturing and production facilities and the high operational cost involved. Also, stockpiling, delay of payments from vendors and other distributors, complexities in import-export trade, and other factors hampered the market during the pandemic.
The key players profiled in this report include Sonac, ACTIPRO, IQI Petfood, Shenzhen Taier, APC, Feed Stimulants, Otto Chemie Pvt. Ltd., British Aqua Feeds, UAP, and Lican Food.
Plasma protein powder is used in the production of high-quality chunks and pate. It binds all tiny particles together and keeps water and fat in the matrix. This results in a consistent product with a juicy, elastic, and soft texture that our cats and dogs enjoy with every bite. The gelling and water binding capabilities are more pronounced at higher temperatures, which is a plus. These factors are anticipated to boost the plasma powder industry growth in the upcoming years.
The acceptability of blood-based products for livestock feed is anticipated to be hampered by a lack of public awareness and costly commercial investment. The rise in the cost of raw materials such as porcine, bovine, or ovine blood, that are necessary for the finished product is another hindrance to the market expansion. All of these issues are expected to limit the demand for plasma powder during the forecast period.
An increase in the number of pet food producers is examining the use of protein in addition to traditional animal protein to improve animal health owing to the rising pet adoption rates and increasing demand for high-protein pet products. Plasma protein in pet food formulation specifically helps formulation in increasing food palatability in a product. These are significant factors that are expected to boost the plasma powder market expansion.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major plasma powder producing countries such as the U.S. and China, which imposed significant challenges on the market As a result of the outbreak, the major manufacturers operating in the plasma powder market suffered a significant downfall in revenue generation. This is mainly due to the stoppage of manufacturing and production facilities and the high operational cost involved. Also, stockpiling, delay of payments from vendors and other distributors, complexities in import-export trade, and other factors hampered the market during the pandemic.
The key players profiled in this report include Sonac, ACTIPRO, IQI Petfood, Shenzhen Taier, APC, Feed Stimulants, Otto Chemie Pvt. Ltd., British Aqua Feeds, UAP, and Lican Food.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plasma powder market analysis from 2021 to 2031 to identify the prevailing plasma powder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the plasma powder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global plasma powder market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Pet Food
- Pet Food
- Dog
- Cat
- Pig Feed
- Poultry Feed
- Aqua Feed
- Aqua Feed
- Fish
- Shrimp
- Ruminant Feed
- Human Food
- Others
By Source
- Porcine
- Bovine
- Ovine
- Others
By Form
- Dry
- Wet
By Sales Channel
- Offline
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Sonac
- ACTIPRO
- IQI Petfood
- Shenzhen Taier
- APC
- FeedStimulants
- Otto Chemie Pvt. Ltd.
- British Aqua Feeds
- UAP
- Lican Food
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PLASMA POWDER MARKET, BY APPLICATION
CHAPTER 5: PLASMA POWDER MARKET, BY SOURCE
CHAPTER 6: PLASMA POWDER MARKET, BY FORM
CHAPTER 7: PLASMA POWDER MARKET, BY SALES CHANNEL
CHAPTER 8: PLASMA POWDER MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Plasma Powder Market," the plasma powder market was valued at $2.7 billion in 2021, and is estimated to reach $4.3 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.Plasma powder is a source of protein derived from the blood of healthy animals. The plasma is concentrated and spray-dried to produce the powder. Spray-dried plasma powder, a high-quality protein with a considerable number of immunoglobulins, is essential for boosting the immune system. The plasma powder contains biological and physical qualities, such as a good amino acid profile and antibodies that promote good health, making it suitable for use in a wide range of industrial operations, such as food, medications, and animal feed.
The pet food business uses plasma powder mostly because it improves the thickness and texture of the food while also upping the protein content to improve the quality. In cow-feeding operations, plasma powder has a number of benefits over traditional protein-related additions, including more impressive growth, fewer scour days, improved faucal scores, less dehydration, and decreased mortality. The market for plasma powder is also anticipated to be driven by an increase in pet production activities and a significant rise in demand from pet manufacturers for innovative ingredients to improve pet health. Plasma powder improves durability, aids in production, and improves dosage form effectiveness; it is widely used in a variety of applications. Pet owners' shifting attitudes toward purchasing nutritious meals are driving demand for plasma powder in animal dietary supplements. Therefore, a rise in awareness regarding plasma powder is projected to drive the market growth during the forecast period.
The most significant solid component of plasma is a plasma protein, which has a high nutritional value and a rich amino acid profile. Currently, it is primarily processed into plasma protein powder for use as animal feed, a dietary supplement, or raw material or ingredient for other food systems. In addition, plasma proteins have antioxidant qualities, angiotensin converting enzyme activity suppression, attenuation, and other functional characteristics, making them prospective nutrition. Animal blood plasma has a high nutritional value and a high protein content. In the production of food and animal feed, plasma protein is a crucial source of protein. The growing demand for alternative protein sources in the animal feed business, together with the growing demand for plasma feed as an antimicrobial replacement, is fueling the plasma feed sector. Furthermore, the rise in life expectancy, limited land and water resources for animal feed production, and strong demand for animal-based protein sources are driving the plasma powder market. All these factors are projected to create numerous growth prospects for the key players operating in the market.
The plasma powder market is segmented into application, source, form, sales channel, and region. On the basis of application, the market is categorized into pet food, pig feed, poultry feed, aqua feed, ruminant feed, human food, and others. On the basis of source, it is categorized into porcine, bovine, ovine and others. On the basis of form, it is divided into dry and wet. On the basis of sales channel, it is classified into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA).
The key players profiled in the study include Sonac, ACTIPRO, IQI Petfood, Shenzhen Taier, APC, Feed Stimulants, Otto Chemie Pvt. Ltd., British Aqua Feeds, UAP, and Lican Food. The players in the market have been actively engaged in the adoption of various strategies such as acquisition, product launch, and expansion to remain competitive and gain an advantage over the competitors in the market. For instance, in May 2021, the Rousselot brand of Darling Ingredients announced the launch of a new Brazilian innovation lab. The renovated lab will be utilized to assist the pharmaceutical, nutrition, and food sectors' demands for the best product application. The company intends to use its new facility to expand its global lab network to supply innovative, application, and expertise formulations.
Key Market Insights
- By application, the pet food segment was the highest revenue contributor to the market share in 2021. However, the poultry feed segment is estimated to be the fastest growing during the forecast period.
- By source, the porcine segment dominated l market share in 2021. However, the bovine segment is expected to be the fastest growing during the forecast period.
- Based on form, the dry segment was the highest revenue contributor to the market in 2021
- Based on sales channel, the online segment was the highest revenue contributor to the market in 2021
- Based on region, North America was the highest revenue contributor, accounting for $1,324.9 million in 2021, and is estimated to reach $2,182.4 million by 2031, with a CAGR of 5.2%
Companies Mentioned
- Sonac
- ACTIPRO
- IQI Petfood
- Shenzhen Taier
- APC
- FeedStimulants
- Otto Chemie Pvt. Ltd.
- British Aqua Feeds
- UAP
- Lican Food
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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