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Porcine Plasma Feed Market Outlook 2024: Exclusive Report By The Business Research Company
Porcine Plasma Feed Market
The Business Research Company offers in-depth market insights through Porcine Plasma Feed Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The porcine plasma feed market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased consumer spending on pet food, a ban on the use of antibiotics in many countries and increased investments.
The porcine plasma feed market size is expected to see steady growth in the next few years. It will grow to $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the increasing consumption of meat, the increasing adoption of sustainable methods in the feed industry and growth across the food sector globally. Major trends in the forecast period include focusing on product launches, focusing on new nutritional solutions, focusing on new feed additives, strategic partnerships and collaborations and technology advancement.
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Market Segmentation:
The porcine plasma feed market covered in this report is segmented -
1) By Type: Powder, Grain, Other Types
2) By Application: Swine Feed, Pet Food, Aquafeed, Other Applications
3) By End User: Farmers, Farming Organizations, Feed Additive Companies, Animal Feed For Pets
Major Driver - Rising Consumer Spending On Pet Food Drives Growth In Porcine Plasma Feed Market
Increasing consumer spending on pet food is the major factor driving the porcine plasma feed market growth. The pet food industry has grown considerably in the last few years due to increasing food and feed adulteration cases. Pet food with essential amino acids helps to develop and grow and provides several other vital nutrients to pet animals. The addition of such plasma feed additives to the pet's diet provides them with a more accessible digestive system and an improved immune system and metabolism. For Instance, in August 2021, according to the European pet food industry, the annual value of pet-related products and services in Spain is EUR 19.7 billion ($20.02 billion). Additionally, in September 2021, according to a Wren Kitchens article, a UK-based designer, manufacturer, and retailer of kitchens, one in ten (11%) Americans spend the same amount on their pet food as they do on home food, while 6% of Americans spend more on their pet food than they do on household food. Therefore, increasing consumer spending on pet food is expected to boost demand for porcine plasma feed during the forecast period.
Competitive Landscape:
Major companies operating in the porcine plasma feed market report are Darling Ingredients Inc, Ridley Corporation Limited, APC Proteins, Essentia Protein Solutions, Daka Denmark A/S, Veos Group, West Coast Reduction Ltd, FASA Group, FeedWorks Pty. Ltd., Kraeber & Co Gmbh, Frigorifico Allana Private Limited (FAPL), Allanasons Private Limited, Premier Nutrition Limited, AB Agri Ltd, SARIA Bio-Industries AG & Co. KG, Sera Scandia A/S, North-West Regional Company, Vitomek, Intercom, Sewa Sante Animalu, Agrofid Rus, Puretein Agri, Rocky Mountain Biologicals, Ekofood, Mars, Hill's Pet Nutrition, Nestle Brazil Ltda, ADM, Affinity Petcare SA, Nestle Purina Arabia, Nestle Middle East, Bio-Pet Ltd, Tropikal Pet, Cagatay Pet Food, Nestle South Africa Pty Ltd, African Gazelle Products, Maneli Pets, RCL Foods, Mars Africa Pty Ltd, Martin & Martin Pty Ltd, PROMEAL
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Top Trend - Technological Innovation Drives Advancements In The Porcine Plasma Feed Market
Technological innovation is the key trend gaining popularity in the porcine plasma feed market. The market is witnessing the implementation of advanced technological innovations such as spray-dried porcine plasma, an abattoir by-product used in animal nutrition with reported positive effects in livestock. Spray-dried porcine plasma is an ingredient with greater nutritional value, as it provides highly digestible protein with an ideal amino acid profile. This spray-dried animal plasma (AP) is widely used to produce animals' post-weaning diets to improve growth and well-being. Major companies operating in porcine plasma feed are focused on providing such advanced innovation to strengthen their market position. For instance, in February 2021, Diamond V, a US-based manufacturer of natural immune-support postbiotic feed additives, experimented with and innovated an old product line into a new product line named Dia-V, an immune health piglet feed additive used in nursery pig diets. These Dia-V Nursery fermentate feed additives work with the piglet's biology that help maintain immune strength, digestive tissue integrity, and a healthy microbial balance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Porcine Plasma Feed Market Characteristics
3. Porcine Plasma Feed Market Trends And Strategies
4. Porcine Plasma Feed Market - Macro Economic Scenario
5. Porcine Plasma Feed Market Size And Growth
…..
27. Porcine Plasma Feed Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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