Plasma_Feed_Market (1)

Plasma Feed Market Anticipates a 6.00% CAGR, Targeting USD 3.54790 Billion by 2032″

Global Plasma Feed Market Overview

In 2022, the Plasma Feed Market Size reached USD 2.1 billion. Projections for the plasma feed industry indicate significant growth, with the market expected to rise from USD 2.226 billion in 2023 to a notable USD 3.5479058 billion by 2032. This remarkable expansion reflects a compelling compound annual growth rate (CAGR) of 6.00% during the forecast period from 2023 to 2032. The driving forces behind this market growth include the escalating demand for high-quality animal protein, evolving trends in animal health and nutrition, a surge in the understanding of the benefits associated with plasma-based animal feeds for enhancing animal performance and overall health. These factors collectively contribute to the positive trajectory of the plasma feed market, fostering growth and development within the industry.

The global plasma feed market has been segmented by source and application.

Based on source, the global plasma feed market has been segmented into bovine, porcine, and others. The porcine segment accounted for the largest revenue share of the market and is estimated to register the highest growth rate during the forecast period. The growth of the segment can be attributed to several health benefits offered by the porcine plasma feed. The large-scale slaughter of pigs for their meat helps in the collection of their blood in large volumes, which, in turn, drives the growth of the segment.

By application, the global plasma feed market report has been divided into pet food, aquafeed, swine feed, and others. The pet food segment is projected to dominate the market during the review period, as plasma feed efficiently fulfills the requirement of protein in pets. Plasma feed is a natural, sustainable, and efficient source of nutrition for pets. However, the aquafeed segment is projected to expand at the highest growth rate during the forecast period owing to the increasing demand for aquafeed and the expansion of the aquaculture industry.

Regional Analysis

In terms of region, the global plasma feed market outlook has been segregated into North America, Europe, Asia-Pacific, and the rest of the world.

Asia-Pacific is projected to dominate the global plasma feed market during the forecast period. The market in the region is expected to register the highest growth rate owing to the rising consumption of meat in various countries. According to the data revealed by the Food and Agriculture Organization, meat consumption is increasing at a growth rate of 5% each year. Growing consumption of meat has increased the slaughter rate, which, in turn, is projected to augment the supply of blood plasma to the market players and catalyzes the growth of plasma feed market during the forecast period.

Key Players

Some of the key players in the global plasma feed market include EcooFeed LLC (US), Sera Scandia (Denmark), FeedWorks (Australia), Veos Group (Belgium), SARIA Group (Germany), Lihme Protein Solutions (Denmark), Puretein Agri LLC. (US), Lican Food (Chile), Kraeber & Co Gmbh (Germany), The Lauridsen Group Inc. (US), Rocky Mountain Biologicals (US), and Darling Ingredients Inc. (US).

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