MARKET OVERVIEW - EUROPE PLASMA POWDER MARKET
Plasma powder is a highly palatable protein concentrate designed to add value to pet food formulations. Plasma powder can increase livestock performance and mortality. The cattle industry is becoming more and more important to the cattle industry as undigested protein in an animal’s gut can lead to bacterial fermentation and pathogen overgrowth. Plasma powder contains antibodies and other bioactive substances in the product which promote mucosal protection against bacterial and viral infections. By ensuring the homogeneous required texture, raising the protein content, and improving the palatability of chunks and pate, plasma powder contributes to the quality of each formula. Plasma powder finds its application in the food and animal feed industry. It is used as binders in bakeries, meat and protein-enriched pasta.
MARKET DRIVERS
The rise in demand for innovative ingredients from pet manufacturers and increasing adoption of pets are concerned about pet health. Additionally, in food achieving the correct texture, ingredient factors are the major concern in increasing pet food palatability, especially for cats. The growing awareness of the health benefits of protein for animal health has created a demand for protein feed. As livestock and farm animals contribute significantly to the food supply chain, the demand for protein-rich nutritious animal feeds is anticipated to grow during the forecast period. Furthermore, the increasing focus of key companies on the development of safe and nutritious animal feed is a vital factor that drives market growth.
MARKET OPPORTUNITY
Increasing pet humanization is expected to provide ample opportunity for the European market. Growing consumer demand for pet food with high nutritional value encourages business expansion. Further, increasing pet adoption with growing concern for pet health have driven the demand for pet feed, which in turn creates an opportunity for the plasma powder market.
MARKET RESTRAINT
Uncertainly, the acceptance of blood-based products for livestock feed due to lack of awareness among consumers, also high investment in refining technology at a commercial level will hamper the plasma powder market growth. Increased cost of raw material required for the final product is another factor hindering the growth of the market.
MARKET GROWTH CHALLENGES
The Covid-19 pandemic hampered the growth of the market to a major extent, which has created a major challenge for market growth. Also, the stringent regulatory framework for animal-based protein in ruminant feed can affect plasma manufacturing to a major extent. These are some of the major challenges which the market is expected to witness.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of plasma powder market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With the growing awareness about the health benefits of protein on animal health is expected to witness the growth at a specific CAGR of xx% from 2022-2028.
EUROPE PLASMA POWDER MARKET SEGMENTAL OVERVIEW
The plasma powder market comprises of different market segment like source, application, and Country.
EUROPE PLASMA POWDER MARKET BY SOURCE
By source, the plasma powder includes key segment of
Bovine is expected to dominate the market over the forecast period. The food industry uses bovine plasma as an emulsifier and fast substitute. The growth of the processed food industry and increased imports and exports of processed food have increased the demand for products for food applications. The use of bovine plasma is expected to eliminate significant risk of contamination while preventing the loss of valuable protein sources, resulting in increased profit and environmental benefits driving market growth. Thus, increasing demand for high quality animal feed premix products that promote vigorous and healthy growth in young animals will increase demand for bovine plasma powder. Similarly, the porcine plasma powder segment is growing in the European plasma powder market.
EUROPE PLASMA POWDER MARKET BY APPLICATION
By application, the plasma powder includes key segment of
Animal feed is anticipated to lead the market, gaining the majority of the market share in 2021, and is expected to maintain its dominance over the estimated time period. Plasma powder is a highly digestible animal protein source used to improve feeding palatability and gut health. The industrialization of animal husbandry has increased the demand for protein-rich feed ingredients to increase feed conversion rates. Further, growing awareness of the animal health benefits of protein has created a huge demand for protein feed. Demand for protein-rich and nutritious animal feed is anticipated to drive the plasma powder market growth.
EUROPE PLASMA POWDER MARKET BY COUNTRY
The Europe plasma powder market is studied for the following countries
- Germany
- United Kingdom
- Spain
- France
- Italy
The European plasma powder is growing strongly owing to demand for pork and a rise in the population. Germany is anticipated to witness an increasing demand for plasma powder. Further, many of the key players are investing in R & D in order to increase the effectiveness as well as the integration of plasma powder. The manufacturers are also investing in newer technologies for easy and lower-cost production of animal feed. Also, increasing pet adoptions along with increasing concern for pet health have boosted the high demand for pet feed with high nutritional value Pet food sales have been steadily increasing, which has helped in business expansion.
COVID-19 IMPACT ANALYSIS ON EUROPE PLASMA POWDER MARKET
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the plasma powder market. In addition, complete analysis of changes on the plasma powder market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, plasma powder market was more or less affected due to supply chain distribution, declining demand for plasma powder from various application which has certainly affected the market growth to major extend.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of the plasma powder market is certainly based on a range of market players operating in the healthcare market with increasing demand for production of the plasma powder market. Besides, a number of market players offered a wide range of products for different applications in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are
- VEOS Group
- Merck KGaA
- ACTIPRO
- Lican Food
- Cargill
- Darling Ingredients
- Rocky Mountain Biologicals
- SARIA Group
- APC inc
.jpg)
