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Plasma Feed Market To Reach USD 4762.38 Million By Year 2032

Plasma Feed Market Size Was Valued at USD 2799.77 Million in 2023 and is Projected to Reach USD 4762.38 Million by 2032, Growing at a CAGR of 6.08% From 2024-2032.

02-07-2024
Prashant
Chemical and Materials
Pristine Intelligence LLP

According to a new report published by Pristine Intelligence LLP, titled, “Plasma Feed Market by Source, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the Global Plasma Feed market size was valued at USD 2799.77 Million in 2023, and is projected to reach USD 4762.38 Million by 2032, registering a CAGR of 6.08% from 2024 to 2032. Plasma feed is a type of feed that contains plasma proteins or products derived from plasma. The plasma is derived from animal blood using a method known as plasma fractionation. Plasma feed is frequently utilized in livestock and aquaculture sectors as a supplement to provide nutritional advantages and functional characteristics.

Including plasma feed in animal feed has been proven to improve growth performance, feed intake, and conversion efficiency in pigs, poultry, and ruminants. Boosting the immune system also reduces the likelihood of health problems such as diarrhea and infections. This inexpensive approach decreases the amount of antibiotics used, which is advantageous for farmers who raise livestock. Protein and bioactive compounds found in plasma feed for fish enhance growth, feed efficiency, gut health, and immunity, leading to greater productivity and reduced nutrient loss.

Plasma feed is advantageous for animal health because of its rich protein content and bioactive components, enhancing feed taste, nutrient uptake, immune response, and overall animal health and development. As the global population increases, there is a greater need for protein-rich foods such as meat, milk, eggs, and seafood, resulting in a necessity for sustainable protein sources for livestock and aquaculture. Consumers are looking for high-quality food with nutrients, safety, and quality, leading to a rising demand for animal-based protein sources that are raised with premium feeds. Plasma feed improves flavor and desirability, maximizing feed intake for essential nutrients in animal growth and development.

Animal blood plasma, utilized in plasma feed, serves as a precious resource of nutrients and bioactive substances. A shortage of raw materials creates difficulties in satisfying the need for plasma feed. Moreover, the demand for raw materials is influenced by its utilization in pharmaceutical, biotechnology, and medical sectors. Moral considerations and rules from authorities in blood collection restrict sourcing of raw materials. Changes in the availability of raw materials due to animal production cycles, breeding patterns, and market dynamics can have an effect on plasma feed production.

Plasma feed technology decreases the presence of microbes and delay food spoilage, prolonging the shelf life of food products. It reduces bacteria and moulds on surfaces, enhancing food safety without the use of artificial preservatives. This technique ensures the nutritional value is retained through the preservation of vitamins and antioxidants, resulting in healthier products. It is appropriate for a variety of foods such as fruits, vegetables, meat, seafood, and dairy products. Plasma treatment provides a non-thermal option for preserving food, improving its quality and keeping it fresh.

Global Plasma Feed Market, Segmentation

The Plasma Feed market is segmented based on Source, Application, Distribution Channel, and region.

Source:

The abundance of pigs in the pork industry makes porcine blood plasma readily available for use in feed manufacturing. Its abundance of nutrients and useful compounds make it a sought-after component for top-notch animal feed, enhancing its ease of use and presence in production.

Porcine plasma is a reliable nutritional source for animals in the feed sector, providing crucial amino acids, vitamins, minerals, and bioactive peptides. Producers and manufacturers commonly choose it because of its demonstrated ability to improve growth rates in livestock by enhancing the absorption and utilization of nutrients.

Application:

The increasing worldwide pet population is leading to a rise in the need for high-quality pet food. The inclusion of plasma feed in pet food is increasing in popularity, which is contributing to the expansion of the pet food sector. Pet owners are becoming more attentive to their pets' well-being and are looking for healthy choices. Plasma feed offers vital nutrients, bioactive substances, and immunoglobulins that promote the overall health of pets.

Plasma pet food offers a well-rounded diet with essential amino acids, vitamins, minerals, and growth factors. The inherent taste and scent improve the taste, helping pets eat and process their food more easily.

Region:

The increasing population in the Asia Pacific region is resulting in a rising demand for pet ownership and animal farming. The demand for top-notch animal feed, such as plasma feed, is on the rise. China, India, Indonesia, and Vietnam are important participants in aquaculture, with plasma feed being a significant application segment, especially for aquafeed. Plasma feed provides nutritional advantages for creating pet food blends, appealing to pet parents in the area. In Asia Pacific, there are also significant livestock sectors like pig, chicken, and cow breeding which depend on top-notch feed components for animal well-being and efficiency. The area is experiencing progress in feed processing technologies and market participants are concentrating on animal nutrition and developing plasma feed products.

Some of The Active Market Players Are-

  • Cargill Inc (USA)
  • Darling Ingredients Inc (USA)
  • Veos Group (Netherlands)
  • Kraeber Co Gmbh (Germany)
  • Lauridsen Group Inc (USA)
  • BASF SE (Germany)
  • EcoFeed LLC (USA)
  • Land O Lakes Purina (USA)
  • Lican Food (Chile)
  • Nutreco (Netherlands)
  • ADM (USA)
  • Archer Daniels Midland Company (USA)
  • Charoen Pokphand Foods (Thailand)
  • Feedworks Pty. Ltd. (Australia)
  • Puretein Agri LLC (USA), and Other Active Players.

Key Industry Developments

  • September 2023: Cargill launched the dairy feed ‘Milkgen 10000’ in Maharashtra. According to Cargill, with its formulation technology, 'Milkgen 10000' delivers a balanced protein and starch content and is designed to increase milk production along with milk components, fat and solid not-fat.

Key Findings of the Study 

  • Plasma feed is primarily derived from animal blood plasma, which serves as a valuable source of nutrients and bioactive components.   
  • Increasing global population leads to increased demand for protein-rich foods, necessitating efficient and sustainable protein sources for production.
  • Plasma feed technology can extend perishable food shelf life by reducing spoilage-causing organisms and preserving quality and freshness.
  • Asia Pacific has large, growing population leading to increased pet ownership, animal farming, and plasma feed demand.
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