Global Plasma Feed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Source;
Bovine, Swine, Poultry, Synthetic, Shark, and Others.By Application;
Industrial, Commercial.By End-Use;
Swine Feed, Aquafeed, Pet Food, Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Plasma Feed Market (USD Million), 2020 - 2030
In the year 2023, the Global Plasma Feed Market was valued at USD 2,856.04 million. The size of this market is expected to increase to USD 4,340.30 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
Global plasma feed market has been experiencing significant growth and is expected to continue expanding in the coming years. Plasma feed, derived from blood plasma, is rich in proteins, immunoglobulins, and other bioactive components that are beneficial for animal health and growth. As a result, plasma feed has gained popularity in the animal nutrition industry as a high-quality protein source, especially in the diets of young and newly weaned animals.
The market for plasma feed is driven by the increasing demand for high-protein animal feed, particularly in the livestock and aquaculture sectors. Plasma feed is known for its ability to improve feed efficiency, enhance immune function, and reduce the risk of diseases in animals. With the growing focus on animal health and welfare, the global plasma feed market is expected to witness robust growth, supported by advancements in plasma processing technologies and increasing consumer awareness about the benefits of plasma feed for animal nutrition.
Global Plasma Feed Market Report Snapshot
Parameters | Description |
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Market | Global Plasma Feed Market |
Study Period | 2020 - 2030 |
Base Year (for Plasma Feed Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
This report extensively covers different segments of Global Plasma Feed Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Plasma Feed Segment Analysis
In this report, the Global Plasma Feed Market, Segmented by Source, Application , End-Use , and Geography.
Global Plasma Feed Market, Segmentation by Source
Global Plasma Feed Market , Segmented by Source into Bovine, Swine, Poultry, Synthetic, Shark, and Others.
Bovine plasma feed is derived from the blood of cattle and is a rich source of proteins, immunoglobulins, and other bioactive components. It is commonly used in the diets of young and newly weaned animals to improve growth and health. Swine plasma feed, derived from the blood of pigs, is also rich in proteins and is used to enhance the growth and performance of pigs in the swine industry.Poultry plasma feed, derived from the blood of chickens and other poultry species, is another significant segment in the market. It is used to improve the growth and immune function of poultry birds, leading to better overall performance.
Synthetic plasma feed, which is produced using synthetic ingredients, is also gaining popularity as a cost-effective alternative to animal-derived plasma feed. Shark plasma feed, derived from the blood of sharks, is used in aquaculture as a high-quality protein source for fish and shrimp. The "others" category includes plasma feed derived from other animal species and sources, catering to the diverse needs of the global plasma feed market.
Global Plasma Feed Market, Segmentation by Application
Global Plasma Feed Market , Segmented by Application into Industrial, Commercial.
The industrial application segment includes the use of plasma feed in large-scale livestock operations and aquaculture facilities. In these settings, plasma feed is used to improve the growth, health, and performance of animals, contributing to higher productivity and profitability.On the other hand, the commercial application segment includes the use of plasma feed in small-scale livestock operations and backyard farming.
Plasma feed is also used in specialty animal feeds, such as pet food and feed for exotic animals, in the commercial sector. The commercial application segment caters to a wide range of animal owners and breeders looking to enhance the nutrition and health of their animals, driving the demand for plasma feed in the global market.
Global Plasma Feed Market, Segmentation by End-Use
Global Plasma Feed Market , Segmented by End-Use into Swine Feed, Aquafeed, Pet Food, and Others.
Swine feed is one of the largest segments in the market, driven by the high demand for plasma feed to improve the growth and health of pigs in the swine industry. Plasma feed is known to enhance feed efficiency and immune function in swine, leading to better overall performance. Aquafeed is another significant segment in the global plasma feed market, driven by the increasing demand for high-quality protein sources in aquaculture.
Plasma feed is widely used in aquafeed for fish and shrimp to improve growth rates and feed conversion efficiency. Pet food is also a growing segment in the market, as pet owners increasingly seek high-quality and nutritious diets for their pets. Plasma feed is used in pet food formulations to enhance the nutritional value and palatability of the diets, catering to the growing demand for premium pet food products.
Global Plasma Feed Market, Segmentation by Geography
In this report, the Global Plasma Feed Market , Segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Plasma Feed Market Share (%), by Geographical Region, 2023
North America and Europe are major markets for plasma feed, driven by the well-established livestock industries and the high demand for high-quality animal feed ingredients. These regions are also characterized by stringent regulations governing animal nutrition, which has led to the adoption of advanced feed technologies, including plasma feed. Asia Pacific is expected to witness significant growth in the plasma feed market, attributed to the rapid growth of the aquaculture industry in countries such as China, India, and Indonesia. The increasing demand for seafood and the growing awareness about the benefits of plasma feed in aquafeed formulations are driving market growth in this region.
Middle East and Africa and Latin America are also emerging markets for plasma feed, driven by the growing livestock and aquaculture industries in these regions. The increasing focus on animal health and nutrition, along with the rising demand for high-quality animal products, is expected to drive the growth of the plasma feed market in these regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Plasma Feed Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Demand for High-Protein Animal Feed
- Rising Focus on Animal Health and Nutrition
- Technological Advancements in Plasma Processing
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Growing Aquaculture Industry:- The growing aquaculture industry is a significant driver of the global plasma feed market. As the demand for seafood continues to rise, the aquaculture sector is expanding rapidly to meet this demand. Plasma feed, derived from blood plasma, is a high-quality protein source that is particularly beneficial for fish and shrimp in aquaculture. Plasma feed helps to improve growth rates, feed conversion efficiency, and overall health in aquaculture species, leading to higher yields and profitability for farmers.
The increasing adoption of intensive aquaculture practices, such as recirculating aquaculture systems (RAS) and biofloc technology, is driving the demand for specialized feeds like plasma feed. These systems require high-quality, nutritionally balanced feeds to ensure optimal growth and health of aquatic species. As a result, the growing aquaculture industry presents a significant growth opportunity for the plasma feed market, with increasing demand expected from aquaculture farmers worldwide.
Restraints
- Regulatory Challenges
- Price Volatility of Blood Plasma
- Availability of Alternative Protein Sources
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Concerns About Disease Transmission:- Concerns about disease transmission pose a significant restraint to the global plasma feed market. Plasma feed is derived from blood plasma, which raises concerns about the potential transmission of diseases, including viral and bacterial infections, through animal-derived feed ingredients. Despite stringent processing methods to ensure product safety, there is still a perceived risk of disease transmission, which can impact consumer confidence and regulatory acceptance of plasma feed. Regulatory authorities are increasingly focusing on the safety of animal feed ingredients, including plasma feed, and have implemented strict guidelines and regulations to prevent the spread of diseases through feed.
Compliance with these regulations can increase the cost of production and distribution of plasma feed, making it less competitive compared to alternative feed ingredients. Additionally, concerns about disease transmission can lead to market volatility, as outbreaks of animal diseases can significantly impact the demand for plasma feed and disrupt market dynamics.
Opportunities
- Expansion in Emerging Markets
- Technological Advancements in Plasma Processing
- Focus on Sustainable Protein Sources
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Increasing Adoption in Specialty Animal Feeds:- The increasing adoption of plasma feed in specialty animal feeds presents a significant opportunity for market growth. Specialty animal feeds, including pet food and feed for exotic animals, require high-quality and nutritionally balanced ingredients to meet the specific dietary needs of these animals. Plasma feed, with its high protein content and bioactive components, is well-suited for use in specialty feeds to enhance the nutritional value and palatability of the diets. The growing trend towards premiumization in the pet food industry is driving the demand for high-quality ingredients, including plasma feed.
Pet owners are increasingly seeking nutritious and natural diets for their pets, leading to a rise in demand for specialty pet foods that contain high-quality protein sources like plasma feed. This trend presents an opportunity for plasma feed manufacturers to expand their product offerings and tap into the growing market for specialty animal feeds.
Competitive Landscape Analysis
Key players in Global Plasma Feed Market include
- Darling Ingredients Inc. (US)
- The Lauridsen Group Inc. (US)
- SARIA Group (Germany)
- Puretein Agri LLC. (US)
- Veos Group (Belgium)
- Kraeber & Co Gmbh (Germany)
- Rocky Mountain Biologicals (US)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Source
- Market Snapshot, By Application
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Global Plasma Feed Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Demand for High-Protein Animal Feed
- Rising Focus on Animal Health and Nutrition
- Technological Advancements in Plasma Processing
- Growing Aquaculture Industry
- Restraints
- Regulatory Challenges
- Price Volatility of Blood Plasma
- Availability of Alternative Protein Sources
- Concerns About Disease Transmission
- Opportunities
- Expansion in Emerging Markets
- Technological Advancements in Plasma Processing
- Focus on Sustainable Protein Sources
- Increasing Adoption in Specialty Animal Feeds
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Plasma Feed Market, By Source, 2022 - 2032 (USD Million)
- Bovine
- Swine
- Poultry
- Synthetic
- Shark
- Others
- Global Plasma Feed Market, By Application, 2022 - 2032 (USD Million)
- Industrial
- Commercial
- Global Plasma Feed Market, By End-Use, 2022 - 2032 (USD Million)
- Swine Feed
- Aquafeed
- Pet Food
- Others
- Global Plasma Feed Market, By Geography, 2022 - 2032 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Plasma Feed Market, By Source, 2022 - 2032 (USD Million)
- Competitive Landscape
- Company Profiles
- Darling Ingredients Inc. (US)
- The Lauridsen Group Inc. (US)
- SARIA Group (Germany)
- Puretein Agri LLC. (US)
- Veos Group (Belgium)
- Kraeber & Co Gmbh (Germany)
- Rocky Mountain Biologicals (US)
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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