Plasma Powder Market by Application (Pet Food (Dog and Cat), Pig Feed, Poultry Feed, Aqua Feed (Fish and Shrimp), Ruminant Feed, Human Food, and Others), Source (Porcine, Bovine, Ovine, and Others), Form (Dry and Wet), Sales Channel (Online and Offline), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Global Plasma Powder Market Analysis

The Global Plasma Powder Market Size was $2,651.3 million in 2021 and is predicted to grow with a CAGR of 4.9%, by generating a revenue of $4,249.2 million by 2031.

Global Plasma Powder Market Synopsis

Plasma powder is a highly digestible type of animal protein used to increase feed palatability and gut health. Spray-dried plasma powder is a natural source of bioactive components that may be used instead of prophylactic antibiotics and zinc oxide in the feed. Plasma powder improves the quality of each formula by maintaining a consistent desired texture and improving nutrient content. Plasma powder improves feed palatability and gut health in young animals, resulting in improved overall performance and a lower mortality rate significantly. Plasma powder is considered an in-feed alternative to preventive antibiotics and zinc oxide as it provides passive mucosal immunity against viral and bacterial infections. IgG immunoglobulins and plasma-borne growth factors in plasma powder boost gut maturation and improve the intestinal barrier. These factors are anticipated to boost the plasma powder industry growth in the upcoming years.           

However, the production of plasma powder involves high-end equipment and advanced technology, making it quite expensive. Furthermore, the cost of the raw materials namely porcine, bovine, or ovine blood used for plasma powder production is also quite high, which further increases the cost of production. This results in a limited number of players in the market, reducing the competition and increasing the overall cost of the plasma powder. In addition, the involvement of local and regional level plasma powder producers operating across unorganized markets develop products with low or no standard protocols. Also, there is a high chance of duplication of trade patents products across such an unorganized market creating a significant limitation for the global plasma powder market. 

The market is seeing the deployment of advanced technological innovations such as spray-dried porcine plasma, an abattoir by-product used in animal nutrition that has been shown to benefit animals. Spray-dried porcine plasma has a higher nutritional value because it includes highly digestible protein with an optimum profile of amino acids. Spray-dried animal plasma (AP) is commonly utilized in the production of post-weaning meals for animals to increase development and well-being. Major players in porcine plasma feed are focusing on offering cutting-edge innovation to improve their market position, which is predicted to create growth opportunities for the plasma powder market in the coming years.

According to regional analysis, the North America plasma powder market accounted for the highest market share in 2021. The presence of major manufacturers operating in this market and rise in the number of pet owners in the region are factors projected to boost demand for pet food. The pet market is witnessing exponential growth in this region owing to the rise in popularity of pet-loving lifestyles and other factors.

Plasma Powder Overview

Plasma powder is a protein-based binder of high quality that promotes good nutrition while boosting palatability. As compared to other protein sources, this is a great source of necessary amino acids. It also has health benefits such as improved survival rate, greater growth performance, and improved gut health. The penetration of plasma powder is scaling up owing to the rising e-commerce industry wherein pet food and care products are sold. The major players are promoting their products through online channels and investing heavily in promoting the products across social platforms.

COVID-19 Impact on Global Plasma Powder Market

The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were standstill.  The COVID-19 pandemic has had a significant impact on the plasma powder market. Furthermore, the rigorous regulatory framework for animal-based protein in animal feed is projected to have a significant impact on plasma synthesis. The shuttering of factories and production facilities due to lockdown measures also caused disruptions in the supply chain and led to supply shortages.

Growing use of Bovine-Source Blood Plasma as a Functional Ingredient in Food Processing to Drive the Plasma Powder Market Growth 

Bovine plasma is used in the food processing sector as an emulsifier and fat replacement. The use of bovine plasma is scaling up owing to its health promoting properties mainly its high digestibility index as well as functional and palatable ingredients. reducing the loss of a valuable protein source, resulting in greater earnings and environmental advantages that will support the market growth. Bovine plasma is widely used in cattle feed products as it includes protein and promotes intestinal function in young calves. Bovine plasma powder is in high demand because of its multiple advantages, which include improved fecal score, lesser dehydration, reduced mortality, higher grain, and fewer scour days. The growing need for high-quality animal feed premix products that support strong and healthy growth in young animals is anticipated to drive the demand for plasma powder during the forecast period.

To know more about global plasma powder market drivers, get in touch with our analysts here.

Growing Availability of Alternatives at Lower Costs and Lack of Knowledge about Plasma Powder to Restrain the Market Growth

The availability of alternatives at significantly cheaper costs, as well as a lack of information among agricultural communities in developing and developing nations, is projected to be an important impediment to the worldwide expansion of the plasma powder market during the forecast period. The plasma powder undergoes multiple processes that involve melting, cooling, and grinding and any errors committed throughout these stages might have a severe influence on the end product's quality. This is also one of the major factors anticipated to restrain the plasma powder market demand during the forecast period. 

Use of Plasma Powder as an Animal-based Protein Source to Drive Excellent Opportunities in the Market

Increase in strain on the livestock business has exacerbated the rise in demand for meat and high-value animal protein. Global livestock consumption has increased owing to population expansion and growing affluence in emerging countries. The market is projected to benefit greatly due to an increase in pet humanization. Growing customer demand for high-nutritional-value pet food stimulates manufacturing companies’ development. Furthermore, the rise in pet adoption and growing concern for pet health has led to an increase in demand for pet feed, which is predicted to create growth opportunities for the plasma powder market players.

To know more about global plasma powder market opportunities, get in touch with our analysts here.

Global Plasma Powder Market, by Application

Based on application, the market has been divided into pet food (dog and cat), pig feed, poultry feed, aqua feed (fish and shrimp), ruminant feed, human food, and others. Among these, the pet food sub-segment accounted for the highest market share in 2021, whereas the pig feed sub-segment is estimated to show the fastest growth during the forecast period.

Global Plasma Powder Market Size, by Application, 2021

Source: Research Dive Analysis

The pet food sub-segment accounted for a dominant market share in 2021. Plasma powder is a highly digestible type of animal food used to promote feed palatability and intestinal health. Spray-dried plasma powder is a natural source of bioactive components that may be used in place of prophylactic antibiotics and zinc oxide in the feed. High-digestible proteins are becoming more important because undigested proteins in the stomach can negatively impact animal health owing to bacterial fermentation and pathogen invasion. Another trend is a desire to limit the use of antibiotics and zinc oxide as preventative measures in animal feed. These industry health trends are well met by plasma powder.

The pig feed sub-segment is anticipated to show the fastest growth by 2031. Plasma powder is majorly used in piglet starter diets to facilitate profitable weaning.  Plasma powder is a popular ingredient in pig feed because it provides essential nutrients, proteins, and antibodies. The market for plasma powder in pig feed has grown in recent years due to the increase in demand for high-quality and nutritious pig feed. Plasma powder is often derived from animal blood plasma and contains a high concentration of immune-boosting antibodies, which can help improve the overall health and immunity of pigs.

Global Plasma Powder Market, by Source

Based on source, the market has been divided into porcine, bovine, ovine, and others. Among these, the porcine sub-segment accounted for the highest revenue share in 2021.

 Global Plasma Powder Market Share, by Source, 2021

Source: Research Dive Analysis

The porcine sub-segment accounted for a dominant market share in 2021. Spray-dried porcine plasma (SDPP) is a feed ingredient that contains highly digestible proteins and amino acids as well as considerable levels of functional bioactive components such as immunoglobulins, transferrin, growth factors, peptides, and other biologically active components. It is a great source of vital amino acids and has been shown to outperform other protein sources like skim milk. These factors are anticipated to boost the growth of the porcine sub-segment during the forecast timeframe.

Global Plasma Powder Market, by Form

Based on form, the market has been divided into dry and wet. Among these, the dry sub-segment accounted for the highest revenue share in 2021.

Global Plasma Powder Market Forecast, by Form, 2021

Source: Research Dive Analysis

The dry sub-segment accounted for a dominant market share in 2021. Animal-based spray-dried plasma, for example, is utilized as a binder in pharmaceutical formulations such as tablet formulations. worldwide. The dry plasma provides efficient binding, highly palatable, and digestible content that improves pet health. These factors are anticipated to boost the growth of the dry sub-segment during the forecast timeframe.

Global Plasma Powder Market, by Sales Channel

Based on sales channel, the market has been divided into online and offline. Among these, the offline sub-segment accounted for the highest revenue share in 2021.

Global Plasma Powder Market Analysis, by Sales Channel, 2021

Source: Research Dive Analysis

The offline sub-segment accounted for a dominant market share in 2021. The offline segment of the global plasma powder market is predicted to develop at a faster rate during the forecast period. The offline sales channel in the plasma powder market refers to traditional brick-and-mortar sales methods, as compared to online sales through e-commerce platforms. This channel includes physical stores and direct sales through a sales force. These factors are anticipated to boost the growth of the offline sub-segment during the forecast time.

Global Plasma Powder Market, Regional Insights

The plasma powder market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Plasma Powder Market Size & Forecast, by Region, 2021-2031 ($ Million)

Source: Research Dive Analysis

The Market for Plasma Powder in North America to be the Most Dominant

The North America plasma powder market accounted for the highest market share in 2021. North America is anticipated to arise as a strong market for the product due to the existence of a high number of pet owners in the region, which is expected to boost product demand for pet food applications. The pet market is witnessing exponential development owing to the rise in popularity of pet ownership and pet-loving lifestyles, as well as the advent of Internet purchases, which has a favorable influence on the entire market size. The U.S., which has the majority of the pet population, has experienced a large surge in high-protein pet food sales. The presence of a high number of pet owners in the region, as well as a growing trend among livestock farmers to seek new antimicrobial growth promoter options, will boost growth. In the animal sector, there is an increasing need for spray-dried animal plasma, which is well-acknowledged as a vital function and appealing element. Furthermore, the unique benefits provided by plasma derived from bovine and porcine sources have contributed considerably to the market growth.

Competitive Scenario in the Global Plasma Powder Market

Investment and agreement are common strategies followed by major market players. For instance, Darling Ingredients' Rousselot brand announced the establishment of a new Brazilian innovation lab food sector to enable the best product application. The company is planning to use its new facility to expand its global lab network in order to supply innovative, application, and expertise formulations.

Source: Research Dive Analysis

Some of the leading plasma powder market players are Sonac, ACTIPRO, IQI Petfood, Shenzhen Taier, APC, Feed Stimulants, Otto Chemie Pvt. Ltd., British Aqua Feeds, UAP, and Lican Food.