Plasma Feed Market Revenue to close at USD 3054.82 million by 2027
Posted On July 14, 2021
TheGlobal Plasma Feed Marketis foreseen to grow at a remarkable CAGR of 5.5% during the year 2021-2027 as estimated by the report from Value Market Research wherein the market value is expected to grow to USD 3054.82 million by 2027. There are several factors that drive the plasma feed market. The global plasma feed market has been experiencing steady growth owing to accelerated demand for alternative sources of protein in the feed industry, demand for sustainable and natural feed ingredients and high cost of animal feed protein. The growing use of plasma feed in animal feed in place of antibiotics is creating a positive impact on the plasma feed market. Strong demand for plasma feed from the aquafeed industry is expected to bring several noteworthy opportunities for plasma feed market in the upcoming years. In the present scenario, pets are being treated as family members generating high demand for good quality pet food and plasma feed is increasingly being accepted in pet food, driving its market significantly.Furthermore, the growth of the plasma feed market is also attributed to the usage of plasma technology to inactivate pathogens present on the surface of dental and medical equipments. However, the plasma feed market is facing some challenges as well. Low acceptance of blood-based feed products and high capital investments are likely to pose as restraints for the growth of plasma feed market.
Plasma feed refers to feed products containing plasma proteins as the feed ingredient. This plasma protein is derived from animals, and it primarily contains important globulins and albumin. It is mainly used in feed formulas meant for animal species since it is a natural source of high quality protein, vitamins, minerals and essential amino acids. It is easy to digest and has been found to be better than skimmed milk, as a protein source. The immunoglobulins present in plasma feed provide protection against microbes and bacteria. In addition, plasma feed is less expensive when compared to traditional sources of protein that are used as a component in animal feed.
The geographical and segmentation study covered in the report "Global Plasma Feed Market Report By Source (Porcine, Bovine, Others (Poultry, Sheep, And Goat), By Application (Swine Feed, Pet Food, Aquafeed Others (Poultry And Ruminant Feed) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" helps in understanding the upcoming trends of the market.
On the basis of source the market is segmented into Porcine, Bovine, Others (Poultry, Sheep, and Goat). By application the plasma feed market is categorised as Swine Feed, Pet Food, Aquafeed, Others (Poultry and Ruminant Feed).Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. This section provides the estimates of market by segment, thus providing valuable data to take strategic decisions.
The Report Segments Global Plasma Feed Market -
- Others (Poultry, Sheep, and Goat)
- Swine feed
- Pet food
- Others (Poultry and Ruminant Feed)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Daka Denmark A/S, Sera Scandia A/S, Puretein Agri LLC, Rocky Mountain Biologicals, VEOS Group, EccoFeed LLC, Lihme Protein Solutions, Lauridsen Group, Inc., Nutreco (SHV Holdings N.V.), Kraeber & Co GmbH, Rocky Mountain Biologicals, Darling Ingredients, Inc., VEOS Group, and Feed works Pty Ltd.
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