Plasma Powder Market Growth Accelerates: Strategic Forecast Predicts $3.96 Billion by 2029

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What Will the Plasma Powder Industry Market Size Be by 2025?
The market size of plasma powder has seen a consistent uptick in recent times. Its anticipated progression is from a valuation of $3.04 billion in 2024 to about $3.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.3%. This historic growth can be accredited to advancements in the field of material science, the emergence of state-of-the-art surface modification methods, increasing demand for sophisticated coatings, and the flourishing semiconductor and electronics sectors, alongside new developments in medical and biomedical realms.

What's the Long-Term Growth Forecast for the Plasma Powder Market Size Through 2029?
Expectations are high for a robust expansion of the plasma powder market size in the coming years, with predictions for it to reach a valuation of $3.96 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.7%. This anticipated boom within the forecast period can be attributed to several factors such as the advent of nanotechnology integration, developments in catalytic applications, incorporation in intelligent materials, utilization in 3D printing, and soaring demand in the sector of biomedical engineering. Noteworthy trends during the projected period include plasma-polymer composite materials, hybrid processes in additive manufacturing, customizable intelligent coatings, bioabsorbable implants and coatings, and the use of plasma powder in 5g technologies.

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What Are the Key Growth Drivers Fueling the Plasma Powder Market Expansion?
The expected surge in the plasma powder market is attributed to the growing demand for top-notch protein feeds. This growing demand signifies the increasing consumption of superior feed by domestic animals and pets. Plasma powder, a crucial component in creating nutritious and healthy feed for animals, is playing a pivotal role in this trend. As per the American Feed Industry Association, a non-profit organization based in the U.S. representing the animal feed industry, in January 2022, the U.S. animal feed is estimated to augment approximately 2.5% each year, hitting around 254.6 million tons, with an approximate value of $48.8 billion by 2025. Consequently, the escalating demand for superior protein feeds promotes the growth of the plasma powder market.

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What Long-Term Trends Will Define the Future of the Plasma Powder Market?
The focus on product innovation is emerging as a crucial trend in the plasma powder market. Businesses in this market are intent on releasing novel product lines to maintain their competitive stance. For instance, Octapharma AG, a reputable Swiss pharmaceutical company, garnered EU approval for its OctaplasLG powder (a plasma powder or a lyophilized version of their already successful plasma for transfusion) in February 2023. This product expansion will be promoted across Europe as a powder and solvent solution for infusion. As a pharmaceutical-grade human plasma product, OctaplasLG powder delivers a standardized quality and high-level pathogen safety profiles, made possible through Octapharma's comprehensive pathogen elimination and inactivation approach.

How Is the Plasma Powder Market Segmented?
The plasma powder market covered in this report is segmented -

1) By Source: Bovine, Porcine, Ovine, Other Sources
2) By Form: Dry, Wet
3) By Sales Channel: Online, Offline
4) By Application: Pet Food, Pig Feed, Poultry Feed, Aqua Feed, Ruminant Feed, Human Food, Other Applications

Subsegments:
1) By Bovine: Bovine Serum Powder, Bovine Plasma Protein
2) By Porcine: Porcine Serum Powder, Porcine Plasma Protein
3) By Ovine: Ovine Serum Powder, Ovine Plasma Protein
4) By Other Sources: Equine (Horse), Avian (Chicken), Other Animal Sources

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Which Companies Are Leading the Charge in Plasma Powder Market Innovation?
Major companies operating in the plasma powder market include Takeda, CSL Behring, Darling Ingredients, Grifols, Octapharma, Kedrion, Valley Proteins Inc., Proliant Biologicals, Veos Group, Uruguayan Animal Proteins, Haripro SpA, Lihme Protein Solutions, Saria SE & Co. KG, Acontex GmbH, APC Inc., British Aqua Feeds, Feed Stimulants, Otto Chemie Pvt Ltd, Shenzhen Taier Biotechnology Co. Ltd, Animix LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals

Which Regions Are Leading the Global Plasma Powder Market in Revenue?
North America was the largest region in the plasma powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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