Global
Plasma Feed Market Outlook
The global plasma feed market will touch
USD 3.5479058 billion at a 6% CAGR by 2032, as per the recent Market Research
Future report. The increasing demand for high-quality animal protein,
developing trends in animal health and nutrition, the expanding demand for
high-quality animal protein, and the growing understanding of the advantages of
plasma-based animal feeds in improving animal performance and general health,
are the key market drivers enhancing market growth.
Drivers
Growing
Need for High-Quality Pet Food to Boost Market Growth
Future market expansion for plasma
feed market is anticipated to be aided by the rising demand for premium pet
food. Food of good quality and nutrients is referred to as high-grade pet food.
Plasma feed is a useful and nutritious component of pet food that is utilized
as a good source of nucleotides, functional proteins, and antibodies that offer
special health advantages. As a consequence, the market for plasma feed is
becoming more and more in demand as consumers want higher-quality pet food.
Opportunities
Growing
Need for Animal-Based Protein to offer Robust Opportunities
In order to supply the increased demand for meat and
high-value animal protein, the livestock sector has been under rising pressure
in recent years. Population expansion, growing affluence in emerging countries,
and urbanization has all contributed to an increase in the consumption of
cattle worldwide. The amount of milk, meat, & eggs consumed—which is rising
at the cost of staple foods—is closely correlated with income levels and animal
protein intake. Urbanization has increased per capita consumption since there
is a greater need for milk & meat products especially in cities than in
rural regions. Fish demand is rising quickly as more people become aware of
health advantages of eating fish. As a result,
rising life expectancy, a lack of available land and water for the production
of animal feed, as well as a high demand for protein sources derived from
animals, are all factors driving the worldwide plasma feed market.
Restraints and
Challenges
High
Manufacturing Cost to act as Market Restraint
The high manufacturing and processing cost coupled with
uncertainty in acceptance may act as market restraints over the forecast
period. Besides, the impact of the COVID-19 may also impede market growth.
Market
Segmentation
The global plasma feed market is bifurcated based on
application and source.
By source, porcine will lead the market over the forecast
period.
By application, pet food will dominate the market over the
forecast period.
Regional Analysis
North America to
Head Plasma Feed Market
Because of the increasing awareness of plasma's many
advantages among North Americans and an increase in the incidence of
respiratory ailments, North America will continue to lead the market over the
time of the projection. Additionally, the Canadian market had the quickest rate
of growth in the North American area, while the U.S. plasma feed market industry had the biggest
market share. The largest market is the United States. In North America, the
most popular meats to eat are beef, poultry, and veal. Additionally, factors
like the substantial demand for organic meat, the expansion of sustainable feed
supply especially for pet food production, and the production of aquafeed are
all contributing to the market growth in this area.
Key Players
Eminent market players profiled in the global plasma feed
market report include Sera Sc andia, Saria Group, Rocky
Mountain Biologicals, LicanFood, Veos Group, Baxter International Inc.,
Grifolis S.A., CSL Limited, The Lauridsen Group Inc., PureteinAgri LLC.,
Darling Ingredients Inc., EcooFeed LLC., Accuray Inc., and Boston Scientific
Corp.
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