Plasma Feed Market Outlook
According to the report by Expert Market Research (EMR), the global plasma feed market price, is projected to grow at a CAGR of 6.1% between 2023 and 2028. Aided by the rising demand for high-quality animal-derived protein sources and the expanding applications of plasma feed in various livestock industries, the market is expected to grow significantly by 2028.
Plasma feed is a protein-rich ingredient derived from blood, often used in the feed industry. It is a valuable nutritional supplement used in the formulation of animal feed, playing a crucial role in improving growth, health, and overall productivity of livestock. Apart from its high protein content, plasma feed also offers a range of bioactive compounds and functional properties that can improve the health and immunity of livestock, making it a significant inclusion in various feed formulations.
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The rising demand for high-quality, animal-derived protein sources is driving the global plasma feed market growth. With increasing awareness of the nutritional benefits associated with protein consumption, there has been a noticeable shift towards protein-rich diets for livestock. This trend has led to a surge in demand for plasma feed, which offers a concentrated source of digestible protein and beneficial bioactive compounds.
Additionally, the growing emphasis on livestock health and productivity has further contributed to the popularity of plasma feed market. As a natural, highly digestible, and functional feed ingredient, plasma feed is increasingly used to improve livestock health, enhance growth rates, and boost productivity, particularly in poultry and swine industries.
The expanding applications of plasma feed in various livestock industries also play a significant role in driving the plasma feed market demand. In aquaculture, for example, plasma feed is increasingly used as a high-quality protein source in fish feed formulations, supporting the growth and health of various fish species. In pet food formulations, plasma feed serves as a nutritious and palatable protein source, contributing to pet health and wellness.
Furthermore, the growing global demand for meat and dairy products is leading to an increased focus on plasma feed as a means to enhance livestock production efficiency. As the world’s population continues to grow and the demand for animal products rises, the efficient and sustainable production of livestock becomes ever more critical, further bolstering the plasma feed market expansion.
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Plasma Feed Market Segmentation
The market can be divided based on source, application, and region.
Market Breakup by Source
- Porcine
- Bovine
- Others
Market Breakup by Application
- Swine Feed
- Pet Food
- Aquafeed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global plasma feed companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Daka Denmark A/S
- Darling Ingredients Inc
- Lauridsen Group Inc.
- Kraeber & Co GmbH
- Sera Scandia A/S
- Puretein Agri LLC
- Veos Group
- Rocky Mountain Biologicals
- Lihme Protein Solutions
- Others
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