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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Plasma Feed Market Analysis
The major factors driving the plasma feed industry forward are the rising demand for high-quality pet food and the need to adopt sustainable methods for food production. The increased plasma feed acceptance in pet food is the result of people’s tendency to treat animals like family members, generating a strong demand for better quality pet food. In the pet food sector, the trend towards the use of natural and bioactive products is very common. This is due to factors such as pet population expansion, and clients’ attitude towards their pets as companions or family. Plasma protein is considered as a natural and sustainable source of pet food. In addition, it provides several benefits during the production process, due to its water-binding ability, emulsifying characteristics, and palatability, which in turn drives the demand for plasma feed among manufacturers, thus, aiding the industry growth further.
Plasma Feed Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global plasma feed market reached a value of USD 3.01 billion in 2023.
The market is projected to grow at a CAGR of 6.1% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 5.13 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising demand for high-quality pet food due to its water-binding ability, emulsifying characteristics, and palatability, and pet population expansion.
The rising demand to adopt sustainable methods for food production is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The major sources of plasma feed in the market can be divided into porcine and bovine, among others.
The product finds wide applications in swine feed, pet food, and aquafeed, among others.
The leading players in the market are Daka Denmark A/S, Darling Ingredients Inc, Lauridsen Group Inc., Kraeber & Co GmbH, Sera Scandia A/S, Puretein Agri LLC, Veos Group, Rocky Mountain Biologicals, Lihme Protein Solutions, Others.
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