Increasing Use of Plasma Powder as an Animal-Based Protein Source to Propel the Growth of the Global Plasma Powder Market by 2031

Plasma powder is a high-protein powder that is derived from blood plasma, and it is widely used as an ingredient in animal feed. It is a rich source of protein, containing over 70% protein on a dry matter basis. This high protein content makes it an ideal ingredient in animal feed, especially for young animals, who require a high-protein diet to support their growth and development. Plasma powder is highly digestible, which means animals can easily absorb and utilize the protein it provides. Moreover, plasm powder also offers immunological benefits for animals. It contains a variety of immune factors, including antibodies, which can help to support the immune system of animals and protect them from diseases. Studies have shown that feeding plasma powder to young animals can improve their immunity and reduce the incidence of diseases. In addition, plasma powder is also highly palatable. This is especially important for young animals who may be picky eaters and require enticing feed to encourage them to eat.  

One of the most significant advantages of plasma powder is its versatility in animal nutrition. It can be used in a wide range of animal feeds, including pig, poultry, and aquaculture feeds. It can also be included in both starter and grower feeds, making it a valuable ingredient throughout the animal’s life. 

Forecast Analysis of the Global Plasma Powder Market

According to the report published by Research Dive, the global plasma powder market is anticipated to garner a revenue of $4,249.2 million and rise at a CAGR of 4.9% throughout the analysis timeframe from 2022 to 2031.

The growing use of bovine-source blood plasma as functional and palatable ingredients in the food processing sector is expected to propel the growth of the global plasma powder market over the estimated timeframe. Besides, the increasing need for high-quality animal feed premix products that support strong and healthy growth in young animals is predicted to bolster the growth of the market over the estimated period. Moreover, the rising use of plasma powder as an animal-based protein source is predicted to create wide growth opportunities for the plasma powder market over the estimated period. However, the growing availability of alternatives at lower costs and the lack of knowledge about plasma powder may hinder the growth of the market over the analysis timeframe. 

The major players of the plasma powder market include Feed Stimulants, Otto Chemie Pvt. Ltd., APC, British Aqua Feeds, Shenzhen Taier, UAP, IQI Petfood, ACTIPRO, Lican Food, Sonac, and many more. 

Key Developments of the Market

The key companies operating in the industry are adopting various growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, which is subsequently helping the global plasma powder market to grow exponentially. For instance:

• In May 2021, Darling Ingredients' Rousselot® brand, the leading organization turning edible by-products and food waste into sustainable products announced to reopen of its Brazilian innovation lab to serve the increasing need for in-class application across the food and nutrition, and pharmaceutical markets. This would strengthen its lab network across the globe.
   
• In May 2022, Darling Ingredients Inc., a well-established company turning food waste into sustainable products announced its acquisition of Valley Proteins, a leading company that recycles and renders animal by-products. With this acquisition, Darling Ingredients aimed to focus on strengthening its business and providing additional low low-carbon intensity feedstocks.
   
• In November 2022, IQI Trusted Petfood Ingredients, a worldwide provider of premium claim ingredients to the top brands in the pet food industry announced its partnership with Houdek, a leading manufacturer of ME-PRO® plant-based protein for the aqua feed industry. With this partnership, the companies aimed to develop plant-based protein specifically for the pet food industry with healthy and sustainable plant-based ingredients.

Most Profitable Region

The North America region of the plasma powder market generated the highest revenue in 2021 and is expected to continue steady growth over the analysis period. This is mainly due to the presence of a high number of pet owners in the region. Moreover, the rising popularity of pet ownership and pet-loving lifestyle across the region is expected to boost the regional growth of the market during the estimated period. 

Covid-19 Impact on the Plasma Powder Market

The outbreak of the Covid-19 pandemic has caused severe economic losses and brought various uncertainties across various industries. It has badly impacted the plasma powder market. This is majorly due to the shutting down of factories and production facilities due to the imposed lockdowns by governments of many nations. Moreover, the disruption in supply chains and the regulatory framework for animal-based protein in animal feed have declined the growth of the market throughout the crisis.