Plasma Powder Market Top Companies Study - Veos Group, APC Inc, ACTIPRO, Lican food, Merck KGaA.

Insight Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Plasma Powder Market (By Source (Bovine, Porcine) and Application (Food, Animal Feed {Poultry Feed, Swine Feed, Aquafeed, Pet Food, Ruminant Feed})- Market Outlook and Industry Analysis 2031"

The global plasma powder market is estimated to reach over 4.48 Billion by the year 2031, exhibiting a CAGR of 5.28% during the forecast period.

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Plasma powder is a highly regarded protein concentrate utilized to enhance the nutritional profile of pet food formulations. As a premium protein-based binder, it not only supports optimal nutrition but also improves palatability. Compared to other protein sources, plasma powder offers a superior supply of essential amino acids. The growing focus among leading companies on the development of safe and nutritious animal feed is a key driver of market growth. Additionally, the increasing efforts to reduce antibiotic use, coupled with rising consumer awareness regarding health maintenance, are expected to further propel the market. Plasma powder has been shown to support gut health and enhance feed palatability, and its use as an in-feed alternative to zinc oxide and preventive antibiotics is anticipated to rise.

The ongoing introduction of innovative plasma-derived therapies is advancing the pharmaceutical industry, and the rising prevalence of genetic disorders is likely to encourage healthcare providers to adopt plasma-derived treatments. Furthermore, the growing popularity of pets and the increasing demand for novel ingredients from pet food producers highlight concerns regarding pet health. Improving the ingredient profile to enhance palatability, especially for cats, remains a primary focus in the industry.

List of Prominent Players in the Plasma Powder Market:
Veos Group
APC Inc
ACTIPRO
Lican food
Merck KGaA
Darling Ingredients
Rock Mountain Biologicals
SARIA Group

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Market Dynamics:
Drivers:
The advancement of novel plasma-derived therapeutics is driving significant progress within the pharmaceutical industry. The growing emphasis on limiting antibiotic usage, coupled with rising consumer awareness regarding overall health, is expected to foster market development. Plasma powder has demonstrated its potential to enhance gut health and improve feed palatability. The use of spray-dried plasma powder as an alternative to zinc oxide and preventive antibiotics in animal feed is projected to increase. Moreover, the growing incidence of genetic disorders is likely to encourage healthcare providers to adopt plasma-derived treatments for patient care.

Challenges:
Public acceptance of blood-based products in livestock feed is hindered by limited awareness and the high capital investment required for refining technologies. Additionally, the increasing cost of raw materials essential for plasma powder production presents a challenge to market expansion. The industry faces further hurdles from stringent global regulatory frameworks governing animal-based proteins in ruminant feed and substandard livestock production practices, which may contribute to disease outbreaks and negatively affect plasma production. These factors are anticipated to pose significant challenges to the growth of the market.

Regional Trends:
North America is expected to hold the largest market share for plasma powder, driven by the high number of pet owners in the United States. This region is likely to dominate the plasma powder market due to the growing trend among livestock farmers seeking innovative alternatives to antimicrobial growth promoters (AGPs) to enhance animal growth. Increased consumer demand for high-nutrient pet food will also drive market expansion. In the Asia Pacific region, the growing demand for livestock and dairy products has bolstered the global plasma powder market. The rise in pet adoptions and increasing concern for pet health have created a strong demand for nutritionally enriched pet feed, further supporting the market's growth in this region.

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Recent Developments:
• In May 2021, The Rousse lot brand of Darling Ingredients announced the opening of a new Brazilian innovation lab. The revamped lab will serve the pharmaceutical, nutrition, and food businesses in their quest for the best product application. The company intends to use its new plant to expand its global lab network to give formulations for innovation, application, and expertise.
• In September 2021, Cargill announced a cooperation with a Dutch animal feed manufacturer for a new animal nutrition production plant in the Netherlands. By combining Cargill's global knowledge of animal nutrition with better manufacturing capabilities. The company's position in the plasma powder market will be strengthened due to this strategy.

Segmentation of Plasma Powder Market-
By Source
• Bovine
• Porcine
• Others
By Application
• Food
• Animal feed
o Poultry feed
o Swine
o Aquafeed
o Pet food
o Ruminant feed
o Others
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/global-plasma-powder-market/1465

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This release was published on openPR.