Plasma Feed Market 2021 – Industry Insights, Drivers, Top Trends, Global Analysis And Forecast to 2027
Market Overview
The global Plasma Feed Market is anticipated to expand at a
CAGR of 5.5% during the forecast period and reach a value of approximately USD
2.6 billion by the end of 2024.
Market Dynamics
The increase in demand for plasma protein animal feed as an
alternative to antibiotics has fueled the development of the Plasma
Feed Market. Antimicrobials added to feed, especially piglet feed, can be
replaced with spray-dried plasma. Because of the increase in plasma feed
consumption in aquafeed and the growth of the aquaculture industry, the market
is expected to be lucrative for vendors in the global Plasma Feed Market.
Furthermore, the consumer spending on pet food, especially in developing
countries, is a major factor driving the Plasma Feed Market forward.
Furthermore, since cold plasma is cost-effective, waste-free, and leaves
minimal chemical residue on the product, its use has increased dramatically in
recent years– a trend that is expected to continue throughout the forecast era.
Furthermore, rising government and non-government efforts to
promote the animal feed industry for the benefit of livestock are expected to
open up lucrative opportunities in the global market. Furthermore, the demand
is projected to expand due to a rise in the sustainable supply of pet food feed
and the expansion of the livestock feed market. For players in the current Plasma
Feed Market environment, research and development activities have emerged as
foundations of growth, and this trend is likely to continue in the coming
years.
The outbreak of the novel COVID-19 pandemic is expected to push up
research investments in the coming years. Following the outbreak of COVID-19,
the demand for successful sterilization and disinfection of drugs, packaging
materials, and other items has skyrocketed– a factor that is expected to boost
the Plasma Feed Market throughout the ongoing pandemic. Furthermore, as
customers remain cautious and demand high standards of hygiene and testing from
players in the food and beverage industry, plasma feed technology is expected
to gain traction in the coming months.
Regional Analysis
By region, the global Plasma Feed Market has been classified as
North America, Europe, Asia-Pacific, and the rest of the world.
Due to the demand for animal-based products such as blood plasma
feed in the region, Asia-Pacific is expected to dominate the Plasma Feed Market
during the forecast period. China, Vietnam, and South Korea are among the major
country-level markets in Asia-Pacific that are driving market development.
Furthermore, the high slaughter rate of animals in various Asia-Pacific
countries fuels the regional market's development.
Segmental Analysis
The global Plasma Feed Market has been segmented on the basis of
source, application, and region.
Based on source, the global Plasma Feed Market has been segmented
into bovine, porcine, and others. The porcine segment had the highest revenue
share of the market and is expected to rise at the fastest pace during the
forecast period. The segment's growth can be attributed to the porcine plasma
feed's numerous health benefits. The large-scale slaughter of pigs for their
meat aids in the collection of large volumes of their blood, which drives the
segment's development.
The global Plasma Feed Market report is segmented by application
into pet food, aquafeed, swine feed, and others. During the analysis period,
the pet food segment is expected to dominate the industry, as plasma feed
effectively meets the protein requirements of pets. Plasma feed is a safe,
long-lasting, and cost-effective source of nutrition for pets. However, due to
the demand for aquafeed and the expansion of the aquaculture industry, the
aquafeed segment is expected to rise at the fastest pace during the forecast
period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/plasma-feed-market-8304
EcooFeed LLC (US), FeedWorks (Australia), Sera Scandia (Denmark), Veos Group
(Belgium), Lihme Protein Solutions (Denmark), SARIA Group (Germany), Puretein
Agri LLC. (US), Kraeber & Co Gmbh (Germany), Lican Food (Chile), The
Lauridsen Group Inc. (US), Darling Ingredients Inc. (US), and Rocky Mountain
Biologicals (US), and Germains Seed Technology, Inc. (US), are some of the top
players operating in the global Plasma Feed Market.
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Covid19 and its Impact on Various Industry Verticals and wherever required we
will be considering Covid19 Footprints for Better Analysis of Market and
Industries. Cordially get in Touch for More Details.
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