The Global "Plasma Powder Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
Plasma is fluid in its original form and isolated from whole blood by a different separation process. The liquid material is further refined under controlled conditions by spray drying to transform into powder. The raw material is sourced from different farming communities and slaughterhouses across the globe. This plasma powder has various physical and biological attributes, including a good amino acid profile, health-promoting immunoglobulins or antibodies, and excellent digestibility. These powders have a protein content of 75%, high biological value, and the ability to soluble in water.
Increasing government regulations imposed over the antimicrobial growth promoters in major developing countries and similar growth parameters between AMGP and plasma powder is a major factor driving the plasma powder market globally during the forecast period. The inclusion of plasma powder in bovine feeding activities has shown various benefits over other protein-related additives, including increased gains, fewer scour days, better fecal scores, less dehydration, and reduced mortality. Additionally, growing pet production activities and a significant rise in demand from pet manufacturers towards the inclusion of innovative ingredients to improve pet health are predicted to boost the market for plasma powder during the forecast period. The plasma powders are expected to provide a healthy solution to formulate limited ingredient wet pet foods, treats, and snacks.
However, the availability of alternatives at much lower costs and lack of awareness among the farming communities in developing and underdeveloped nations are major factors hindering the growth of the plasma powder market globally during the forecast period.
The global plasma powder market is segmented on application into poultry feed, aquafeed, pet food, ruminant feed, etc.
The Petfood segment in the global plasma powder market is expected to grow at a higher pace during the forecast period due to its extensive usage in various products and its value addition to the respective foods. Plasma protein is one of the major animal proteins used in wet and dry pet foods. Pet food diets powered with plasma protein have evolved as an effective feed for cats and dogs. Hemoglobin in plasma feed provides the potent coloring for chunks, pouches, and kibbles. Furthermore, it provides digestible amino acids and absorbable iron. It can improve the production efficiency of the producer, and it’s a sustainable protein source.
By region, the global plasma powder market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.
North America is expected to dominate the global plasma powder market during the forecast period owing to the huge presence of pet populations and the increasing shift in trend among the livestock farming communities towards alternatives for AMGP. The United States is the most dominant country with a majority of the pet population and has observed a significant rise in high protein pet food sales. According to the data published by the American Pet Products Association, the annual expenditure by pet owners over pets is expected to increase from USD 72.56 Billion in 2018 to USD 75.38 billion in 2019. Increasing government regulations to restrict antimicrobial growth regulators in the livestock feed is expected to provide huge market demand for plasma powder across the region during the forecast period.
The companies are focusing on developing innovative and high effective Plasma Powder to meet the demand for products from industrial customers. The market might experience novel plasma powders with different animal sources for providing high animal protein for various food and feed applications.
Some of the key players in the global plasma powder market include Acontex GmbH, Darling Ingredients Inc., ACTIPRO, Shenzhen Tier, and many other regional and global companies.
**The global plasma powder report will provide access to approximately 53 market data tables, 44 figures, and 230 pages.
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