Market Size of Plasma Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Plasma Feed Market Analysis
The plasma feed market is projected to witness a CAGR of 5.8% during the forecast period 2022-2027.
The outbreak of the COVID-19 pandemic in Q1 of 2020 had a strong impact on the overall growth of the plasma feed market globally. Lockdowns across the globe in 2020 and continued restrictions till 2021 disrupted the supply chain and posed challenges for manufacturers in the plasma feed market, thus, slowing down the growth of the market.
Plasma is a component of blood that is rich in various nutrients like protein, enzymes, salts, etc. Derived from plasma, plasma feed is a natural source of high-quality protein and other nutrients, which is expected to gain traction owing to the increasing demand for natural feed ingredients.
The increasing demand for alternative protein sources in the animal feed industry coupled with the rising demand for plasma feed as a replacement for antibiotics is fuelling the market for the plasma feed industry. Moreover, increasing life expectancy and limited availability of land and water resources for animal feed production coupled with robust demand for animal-based protein sources are driving the global market for plasma feed proteins.
The Asia-Pacific plasma feed market is anticipated to be the largest geographical segment during the forecast period. The steadily improving economy in the Asia-Pacific region is expected to be driving the overall meat food market, which in turn, would boost the plasma feed market as well. According to the Food and Agriculture Organization (FAO), the demand for livestock products has grown in the region in recent years. For instance, consumption of meat grew at a rate of 5% while consumption of dairy products grew at a rate of 4% per year. The increasing demand for pork in the region, along with the rise in the consumption of beef in China, is anticipated to eventually improve the market supply needs of plasma feed manufacturers.
Plasma Feed Industry Segmentation
Plasma feed includes feed products that involve animal-derived plasma proteins as feed ingredients. For the purpose of this report, plasma feed is defined as the plasma proteins incorporated into base mixes and compound forms, with end consumers as premix producers, farmers, compound feed producers, and base mix and concentrate producers.
The plasma feed market is segmented by source (porcine, bovine, and other sources), application (swine, pet, aquaculture, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast in terms of value (USD million) for all the abovementioned segments.
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| Porcine | |
| Bovine | |
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| Application | |
| Swine | |
| Pet | |
| Aquaculture | |
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Plasma Feed Market Size Summary
The plasma feed market is experiencing a steady growth trajectory, driven by the increasing demand for natural feed ingredients and alternative protein sources in the animal feed industry. Plasma feed, derived from blood plasma, is recognized for its high-quality protein and nutrient content, making it a viable replacement for antibiotics in animal feed. The market's expansion is further supported by the rising demand for animal-based protein sources, coupled with the challenges of limited land and water resources for traditional feed production. The Asia-Pacific region is anticipated to be the largest market segment, fueled by economic growth and rising meat and dairy consumption, particularly in China. This regional demand is expected to enhance the supply needs for plasma feed manufacturers, contributing to the market's growth.
In North America, the plasma feed market is significantly influenced by the United States and Mexico, where there is a strong demand for organic meat and natural feed ingredients. The ban on antibiotics as feed supplements in the United States has increased the reliance on plasma feed as an alternative, thereby boosting its market demand. However, the market remains consolidated and at a nascent stage due to regulatory challenges and lack of awareness in developed economies. These factors create barriers for new entrants, while established companies like Daka Denmark A/S and Darling Ingredients, Inc. continue to strengthen their market presence through strategic acquisitions and partnerships. Despite these challenges, the plasma feed market is poised for growth, driven by the need for sustainable and natural feed solutions in the livestock industry.
Plasma Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Source
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2.1.1 Porcine
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2.1.2 Bovine
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2.1.3 Other Sources
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2.2 Application
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2.2.1 Swine
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2.2.2 Pet
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2.2.3 Aquaculture
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 South Korea
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Rest of Middle-East and Africa
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Plasma Feed Market Size FAQs
What is the current Plasma Feed Market size?
The Plasma Feed Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Plasma Feed Market?
Daka Denmark A/S, Darling Ingredients, Inc., Lauridsen Group, Inc., Kraeber & Co GmbH and Lican Food are the major companies operating in the Plasma Feed Market.
