Plasma Powder Market is anticipated to grow at a CAGR of 5.00% from 2022 to 2028 globally - Axiom MRC
Plasma Powder Market is anticipated to grow at a CAGR of 5.00% from 2022 to 2028 globally - Axiom MRC
Date: February 2022
New York, January 2022: Axiom Market Research & Consulting™ added a report on global plasma powder market which includes study on source, application, and geography. Global plasma powder market was projected to grow at a CAGR of 5.00% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Kilo Tons) generated by the global plasma powder market.
The factors such as increase in the demand for the innovative ingredients from the pet food manufacturers, increasing adoption of the pet, concern for pet health, and in the food achieving correct texture, the ingredients factors has been major concern for increasing the pet food palatability specifically for the cats have been driving the growth of the global plasma powder market during the forecast period.
The report analyses the global plasma powder market based on the source, application and geography. By source, the global plasma powder market is segmented into bovine and porcine. By application, the global plasma powder market is segmented into food and animal feed (poultry feed, swine feed, aqua feed, pet food, ruminant feed). Geographically, the global plasma powder market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.
Bovine source segment is expected to gain high market share in the global plasma powder market
The increasing use of the bovine in the food processing industry, and in the bovine source, the plasma powder has ideally been spreading the dried plasma during the transition to the improved yield and milk fat content of the dairy cows in the previous locations has been driving the growth of the segment in the global plasma powder market during the forecast period.
Swine feed sub-segment of animal feed segment is expected to dominate the global plasma powder market
The plasma powder in the swine feed offers a high digestible and high quality protein, which is specifically essential that mainly contains plasma protein, plasma is also rich in the threonine and lysine driving the growth of the segment in the global plasma powder market during the forecast period.
Europe is expected to dominate the global plasma powder market
The increasing demand for the spray dried animal plasma, which has been largely recognized as the animal industry as an important functional and palatable ingredient, and the unique benefits have been offered by the porcine and bovine source based plasma has been certainly contributing to the growth of the global plasma powder market in the region during the forecast period.
Key Player
The key players in the global plasma powder market are Merck KGaA, Darling Ingredients (Sonac), Veos Group, Lican Food, Rocky Mountain Biologicals, Acontex GmBH, ACTIPRO, APC Inc, Shenzhen Taier, EshelBv, SK-PSD, K-Pro GmbH, Arkion Life Sciences, Currysoul Agentur GmbH. and Haripro among others.