Press release
Global Plasma Feed Market Surges to USD 2.71 Billion in 2023, Expected to Reach USD 4.11 Billion by 2030
Plasma Feed Market
A recent market report delving into the Global Plasma Feed Market reveals a significant growth trajectory, with the market valued at USD 2.71 Billion in 2023. The forecast indicates robust expansion, with the market projected to reach USD 4.11 Billion by 2030, representing a CAGR of 6.1% over the forecast period of 2024-2030. Published by Maximize Market Research, the report provides comprehensive insights into market dynamics, drivers, restraints, and regional insights shaping the Plasma Feed Market landscape.
For further inquiries or to purchase the report, please contact:https://www.maximizemarketresearch.com/market-report/global-plasma-feed-market/64185/
Research Methodology
The report employs a rigorous research methodology, encompassing historical data from 2018 to 2023 and forecasting trends up to 2030. Maximize Market Research, a leading market research and consulting firm, utilizes advanced analytical tools and techniques to provide accurate and actionable insights into market dynamics and trends.
Drivers Fueling Market Growth
The Global Plasma Feed Market is propelled by several key drivers, including the increasing demand for high-quality animal nutrition and the growing use of plasma feed in pet food. Factors such as the rising demand for organic meat, sustainability initiatives across the feed and food industries, and the expansion of the aquafeed sector contribute to market growth. Furthermore, the adoption of plasma feed as a replacement for antibiotics in animal feed, particularly in piglet feed, drives market expansion.
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Restraints and Challenges
Despite significant growth prospects, the Plasma Feed Market faces challenges such as consumer reluctance due to concerns about disease transmission and the perception of plasma-based products. Additionally, stringent regulations on animal-based proteins and the high investment requirements for refining technology pose barriers to market entry. However, strategic measures such as continuous research, quality assurance protocols, and technological advancements mitigate these challenges.
Regional Insights
North America emerged as the leader in the Global Plasma Feed Market in 2023, capturing a significant market share. The United States dominates the regional market, driven by robust demand for organic meat and sustainable feed supply. The Asia Pacific region is poised for substantial growth, fueled by increasing pork and beef consumption, particularly in China. The market's trajectory in Europe, the Middle East, Africa, and South America presents promising opportunities for market players.
Segmentation:
by Source
Porcine
Bovine
Others
The market for plasma feed is divided into categories according to Source: porcine, bovine, and others, which include sheep, goats, and poultry. In 2023, porcine plasma feed held a dominant market share, a position it is likely to hold throughout the forecast period. Porcine plasma (SDPP) is a feed ingredient that contains considerable amounts of functional bioactive components such as immunoglobulins, transferrin, growth factors, peptides, and other biologically active components, along with highly digestible proteins and amino acids. Porcine blood meal is widely used in chicken and swine feed and provides a number of health benefits to animals.
by Application
Swine feed
Pet food
Aquafeed
Others
According to the Application Pork feed, aquafeed for pets, and other products are included in the plasma feed market sector. As of 2023, the pet food category commands a sizeable portion of the market, and this dominance is anticipated to continue during the forecast period. The growing acceptability of plasma feed in pet food is a result of people's desire to humanize their pets and treat them like members of the family, which has created a significant demand for higher-quality pet food.
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Key Players:
1. Darling Ingredients Inc. (US)
2. The Lauridsen Group Inc. (US)
3. SARIA Group (Germany)
4. Sera Scandia (Denmark)
5. Lican Food (Chile)
6. Puretein Agri LLC. (US)
7. Veos Group (Belgium)
8. Kraeber & Co Gmbh (Germany)
9. Rocky Mountain Biologicals (US)
10. Lihme Protein Solutions (Denmark)
11. EcooFeed LLC (US)
12. FeedWorks (Australia)
13. Veos Group
14. Daka Denmark A/S
15. APC, Inc.
16. ACTIPRO
17. Sonac
18. The Lauridsen Group Inc.
19. Kraeber & Co Gmbh.
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Table of content for the Plasma Feed Market includes:
Global Plasma Feed Market: Research Methodology
Global Plasma Feed Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Plasma Feed Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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