Global Plasma Feed Market was valued at USD 2.15 Bn in 2019 and is expected to reach at USD 3.45 Bn by 2027 at a CAGR of 6.1 % over forecast period 2020-2027.
Global Plasma Feed Market
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The report covers an in depth analysis of COVID 19 pandemic impact on Global Plasma Feed Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Plasma Feed Market Dynamics
Plasma feed is a feed products that involve animal derived plasma proteins as the feed ingredient. Plasma, as an animal feed ingredient, is easily digestible and offers high quality protein. It mainly contains essential plasma proteins, including globulins and albumin. Various factors such as increasing demand for plasma feed as a replacement for antibiotics, growing demand from the aquafeed industry, growth in demand for high-quality pet food, support from sustainability initiatives across feed, livestock, and food industries, increase in demand for meat products in developing countries and growth in feed production are driving the market growth over forecast period. Plasma feed is an effective replacement for antimicrobials added in the feed, especially piglet feed. An increasing consumer spending on pet food, especially in the developed nations such as China, India, Japan and South Korea is expected to create lucrative opportunities for plasma feed market.
However, factors such as uncertainty in acceptance of blood-based products for livestock feed, high investment in refining technology at a commercial scale, stringent global regulatory framework for animal-based protein in ruminant feed are restraining the market growth over forecast period. Moreover, low standard livestock production practices causing disease outbreaks are affecting plasma manufacturing.
Global Plasma Feed Market is segmented by Source, by application and by Region. By Source, porcine plasma feed dominated the market in 2019 and is expected to keep its dominance over forecast period. Porcine plasma (SDPP) is a feed ingredient with highly digestible proteins and amino acids, and significant concentrations of functional bioactive components including immunoglobulins, transferrin, growth factors, peptides, and other biologically active components. Porcine blood meal offers various health benefits to animals and is used significantly in poultry and porcine feed. By application pet food held 43.65% of market share in 2019 and is expected to keep its dominance over forecast period. The major factor for the higher adoption of plasma feed in pet food is the tendency of people to humanize pets and treat them like their family members has resulted in the high demand for better quality pet food.
By geography, North America dominated the global plasma feed market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. The United States is the major market that account for nearly 81.34% of the North American market. Beef, Poultry, and veal are the most commonly consumed meat in North America. Moreover, factors such as strong demand for organic meat, growth in the sustainable feed supply for pet food manufacturing and aquafeed manufacturing are also driving the market growth in this region. North America is followed by APAC and Europe. APAC is expected to hold xx% of market share over forecast period. An increasing demand for pork in the region, rise in the consumption of beef in China and the growing shift of consumers toward high meat consumption in various countries of Asia Pacific are expected to increase the number of slaughters, which is expected to improve the market supply need for plasma feed manufacturers.
Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. These Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, collaborations, strategic alliances, expansion, joint ventures, new product launches, patent and diversification to increase regional presence and business opeartions. Darling Ingredients Inc. is leading the global plasma feed market.
Darling Ingredients Inc. is a global developer and producer of sustainable plasma feed from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, nutraceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries. With operations on five continents, the Company collects and transforms all aspects of plasma by-product streams into useable and specialty ingredients, such as Swine feed, Pet food, Aquafeed, Poultry and ruminant feed. In addition, the Company provides environmental services, such as grease trap collection and disposal services to food service establishments and disposal services for waste solids from the wastewater treatment systems of industrial food processing plants. The Company sells its products domestically and internationally and operates within three industry segments: Feed Ingredients, Food Ingredients and Fuel Ingredients.
The objective of the report is to present a comprehensive analysis of the Global Plasma Feed Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Plasma Feed Market dynamics, structure by analyzing the market segments and project Global Plasma Feed Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Plasma Feed Market make the report investor’s guide.
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Global Plasma Feed Market by Source
• Others (Poultry, sheep, and goat)
Global Plasma Feed Market by Application
• Swine feed
• Pet food
• Others (Poultry and ruminant feed)
Global Plasma Feed Market by Region
• North America
• Asia Pacific
• South America
• MEA& Africa
Global Plasma Feed Market Major Players
• Darling Ingredients Inc. (US)
• The Lauridsen Group Inc. (US)
• SARIA Group (Germany)
• Sera Scandia (Denmark)
• Lican Food (Chile)
• Puretein Agri LLC. (US)
• Veos Group (Belgium)
• Kraeber & Co Gmbh (Germany)
• Rocky Mountain Biologicals (US)
• Lihme Protein Solutions (Denmark)
• EcooFeed LLC (US)
• FeedWorks (Australia)
• Veos Group
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