Plasma Feed Global Market Report 2024

The plasma feed market has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The expansion observed during the historical period can be credited to several factors. These include a heightened need for animal protein, endeavors focused on enhancing feed efficiency, the nutrient-rich nature of plasma, growing concerns surrounding animal health and immunity, as well as the pivotal role played by regulatory approvals and compliance measures.

The plasma feed market is expected to see strong growth in the next few years. It will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. Anticipated growth in the forecast period is driven by several key factors. These encompass an increased emphasis on gut health in animals, ongoing research exploring the functionality of plasma protein, the burgeoning expansion of the premium pet food market, a rising consumer demand for ethically sourced products, and the globalization of animal feed trade practices.

The projected surge in the plasma feed market is fueled by the escalating demand for top-tier pet food. This upsurge hinges on the pet food sector's pursuit of high-quality, nutrient-rich offerings. Plasma feed, serving as a functional and nourishing ingredient in pet food, provides unique health benefits through its functional proteins, nucleotides, and antibodies. Notably, the American Pet Products Association reported a significant increase in pet food and treat sales, reaching $58.1 billion in 2022 from $42 billion in 2020. Forecasts predict a further climb to $62.7 billion in 2023, signifying the momentum behind the heightened demand for premium pet nutrition, thereby propelling the plasma feed market.

The burgeoning global production of aquatic animals is a pivotal driver in the burgeoning plasma feed market. Utilized extensively in aquaculture, plasma feed contributes significantly to augmenting the growth, health, and overall performance of aquatic organisms. Highlighting this growth, the Food and Agriculture Organization's Biannual Report on Global Food Markets indicated a steady rise of 1.2% in global aquatic animal production in 2022, with a projected additional uptick of 0.6% in 2023. This escalating production of aquatic animals stands as a catalyst steering the plasma feed market forward.

Innovation emerges as a cornerstone trend within the plasma feed market, spearheaded by major industry players striving to fortify their market stance through groundbreaking feed products. A case in point is APC Inc.'s introduction of three new hydrolyzed protein products - Pepteiva, Peptein, and Cravings - in November 2021. These innovations are meticulously crafted to mitigate drug intake and environmental impact in livestock and aquatic farming. Specifically formulated for animal nutrition and welfare enhancement, these products are approved for all animal species, including ruminants, positioning APC Inc. as a forerunner in advancing animal nutrition practices.

Market leaders within the plasma feed sector are intensifying their focus on sustainable feed solutions, exemplified by the development of feed enzymes aimed at cost-effective animal nutrition. BASF, in December 2021, unveiled Natupulse TS, a cutting-edge feed enzyme designed to amplify nutrient digestion, thereby enhancing feed sustainability and cost-effectiveness. This innovative product complements other enzymes such as Natuphos E and Natugrain TS, accentuating benefits in nutrient digestibility. Manufactured in Germany, Natupulse TS is available in both powder and liquid forms, ensuring stability during storage and pelleting processes, reaffirming BASF's commitment to pioneering sustainable feed solutions.

In May 2022, Darling Ingredients Inc., a renowned US-based supplier of sustainable natural ingredients, completed the acquisition of Valley Proteins for an undisclosed sum. This strategic move is geared towards bolstering Darling Ingredients Inc.'s operational capacity while expanding its repertoire of feedstock with a reduced carbon footprint. Valley Proteins, a prominent US-based entity specializing in animal feed and pet food ingredients, notably includes plasma feed within its product portfolio.

Major companies operating in the plasma feed market report are Darling Ingredients Inc., Kraeber & Co. GmbH, Lauridsen Group Inc., Lican Food, Lihme Protein Solutions, Puretein Agri LLC, Rocky Mountain Biologicals, Veos Group, Eccofeed LLC, Feedworks Pty Ltd., SARIA Group, Sera Scandia A/S, Daka Denmark AS, Nutreco NV, APC Inc., Valley Proteins Inc., FASA Group, Octapharma AG, Terumo BCT Inc., Catalyst Pharmaceuticals Inc., ImmunoGen Inc., AdaptHealth Corporation, Johnson & Johnson, AstraZeneca plc, Amgen Inc., Allergan plc, China Biologic Products Holdings Inc., Grifols S.A, CSL Limited, The Lauridsen Group Inc.

Asia-Pacific was the largest region in the plasma feed market in 2023. The regions covered in the plasma feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plasma feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primarily sourced from distinct origins, including porcine, bovine, and others, bovine plasma specifically refers to protein derived from animal species such as cows, yak, antelope, bison, and water buffalo. Extracted by separating red and white blood cells from the blood of these bovine species, it serves as a valuable protein source in animal feed formulations. Marketed through various distribution channels encompassing both online and offline avenues, these plasma feeds cater to multiple applications, spanning swine feed, pet nutrition, aquafeed, and more.

The plasma feed market research report provides plasma feed market statistics, including plasma feed industry global market size, regional shares, competitors with a plasma feed market share, detailed plasma feed market segments, market trends and opportunities, and any further data you may need to thrive in the plasma feed industry. This plasma feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The plasma feed market consists of sales of poultry and ruminant feed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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