Plasma Feed Market Research Development Status, Competition Analysis, Type and Application, forecast year 2030
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| Plasma Feed Market |
Plasma Feed Market Overview:
The global plasma
feed market is anticipated to expand at a CAGR of 6% during the forecast period
and reach a value of approximately USD 3 billion by the end of 2030.
Market Dynamics:
The increase in demand for plasma protein animal feed as an
alternative to antibiotics has fueled the development of the plasma feed
industry. Antimicrobials added to feed, especially piglet feed, can be replaced
with spray-dried plasma. Because of the increase in plasma feed consumption in
aquafeed and the growth of the aquaculture industry, the market is expected to
be lucrative for vendors in the global plasma feed industry. Furthermore, the
consumer spending on pet food, especially in developing countries, is a major
factor driving the Plasma
Feed Market Research forward. Furthermore, since cold plasma is
cost-effective, waste-free, and leaves minimal chemical residue on the product,
its use has increased dramatically in recent years– a trend that is expected to
continue throughout the forecast era.
Furthermore, rising government and non-government efforts to
promote the animal feed industry for the benefit of livestock are expected to
open up lucrative opportunities in the global market. Furthermore, the demand
is projected to expand due to a rise in the sustainable supply of pet food feed
and the expansion of the livestock feed market. For players in the current
plasma feed market environment, research and development activities have
emerged as foundations of growth, and this trend is likely to continue in the
coming years.
The outbreak of the novel COVID-19 pandemic is expected to
push up research investments in the coming years. Following the outbreak of
COVID-19, the demand for successful sterilization and disinfection of drugs,
packaging materials, and other items has skyrocketed– a factor that is expected
to boost the plasma feed market throughout the ongoing pandemic. Furthermore,
as customers remain cautious and demand high standards of hygiene and testing
from players in the food and beverage industry, plasma feed technology is
expected to gain traction in the coming months.
The uncertainty in the acceptance of products derived from
animal blood, such as plasma feedstock for livestock and pets, has hampered the
growth of the global plasma feed industry. Furthermore, the market's growth is
hampered by the high capital needed to invest in blood plasma animal feed
refining technology. However, rising pet owner and livestock grower concerns
about animal welfare are expected to provide opportunities for market players
in the coming years.
Segmentations:
The global plasma feed market has been segmented on the
basis of source, application, and region.
Based on source, the global plasma feed market has been
segmented into bovine, porcine, and others. The porcine segment had the highest
revenue share of the market and is expected to rise at the fastest pace during
the forecast period. The segment's growth can be attributed to the porcine
plasma feed's numerous health benefits. The large-scale slaughter of pigs for
their meat aids in the collection of large volumes of their blood, which drives
the segment's development.
The global Plasma
Feed Market Report is segmented by application into pet food, aquafeed,
swine feed, and others. During the analysis period, the pet food segment is
expected to dominate the industry, as plasma feed effectively meets the protein
requirements of pets. Plasma feed is a safe, long-lasting, and cost-effective
source of nutrition for pets. However, due to the demand for aquafeed and the
expansion of the aquaculture industry, the aquafeed segment is expected to rise
at the fastest pace during the forecast period.
Regional Analysis:
By region, the global plasma feed market has been classified
as North America, Europe, Asia-Pacific, and the rest of the world.
Due to the demand for animal-based products such as blood
plasma feed in the region, Asia-Pacific is expected to dominate the plasma feed
market during the forecast period. China, Vietnam, and South Korea are among
the major country-level markets in Asia-Pacific that are driving market
development. Furthermore, the high slaughter rate of animals in various
Asia-Pacific countries fuels the regional market's development.
Competitive Landscape:
EcooFeed LLC (US), FeedWorks (Australia), Sera Scandia
(Denmark), Veos Group (Belgium), Lihme Protein Solutions (Denmark), SARIA Group
(Germany), Puretein Agri LLC. (US), Kraeber & Co Gmbh (Germany), Lican Food
(Chile), The Lauridsen Group Inc. (US), Darling Ingredients Inc. (US), and
Rocky Mountain Biologicals (US), and Germains Seed Technology, Inc. (US), are
some of the top players operating in the global plasma feed market.
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