DUBLIN--(BUSINESS WIRE)--The "Plasma Feed Market by Source (Porcine, Bovine, and Others), Application (Swine Feed, Pet Food, Aquafeed, and Others (Includes Ruminant and Poultry Feed)), Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Plasma Feed Market is Estimated at USD 2.1 billion in 2019 and Projected to Grow at a CAGR of 5.7% to reach USD 2.9 Billion by 2025.
Reduction in the use of antibiotics and the need for sustainable protein source in animal feed drives the plasma feed market
The growth of the plasma feed market is driven by high pressure on the feed industry to reduce the use of antibiotics in animal feed. Growing concerns related to environmental impacts of animal slaughtering industry and realization of the benefits of the animal byproducts gears the market for plasma feed.
The porcine segment, by source, dominated the market with a larger share in 2018.
Based on the source, the plasma feed market is classified into porcine, bovine, and others. Porcine, as a source, plays a crucial role in the plasma feed industry. Most of the companies such as Darling Ingredients and The Lauridsen Group offer plasma protein products sourced from porcine. Porcine plasma proteins can replace a particular amount of weaning pig soybean diet without reducing its performance; thus, it can be used as a replacement for other protein sources.
The swine segment accounted for the largest share in 2018.
Based on the application, swine are observed to hold a dominant share in the plasma feed market. The amino acid is an essential constituent of a swine's diet. Increase in demand for pork meat in the US and other North American countries coupled with high production of porcine meat in China and the US resulted in an increasing demand for alternative protein sources such as plasma feed for swine diet, which is also affected by the ban on antimicrobial use in the feed.
High growth is projected in the Asia Pacific plasma feed market.
The Asia Pacific market is projected to be the fastest-growing for the period considered for this study. The region's growing concentration of animal slaughtered and increasing demand for animal food poses a strong potential for plasma feed manufacturers. The effects of changing consumer demand for high-quality meat food products along with high aquafeed production in the region create a potential market for plasma feed in the feed industry.
- Increase in Demand for Meat Products in Developing Countries
- Growth in Feed Production
- Demand for Plasma Feed as A Replacement for Antibiotics
- Strong Demand From the Aquafeed Industry
- Uncertainty in Acceptance of Blood-Based Products for Livestock Feed
- High Investment in Refining Technology at A Commercial Scale
- Growth in Demand for High-Quality Pet Food
- Support From Sustainability Initiatives Across Feed, Livestock, and Food Industries
- Stringent Global Regulatory Framework for Animal-Based Protein in Ruminant Feed
- Low Standard Livestock Production Practices Causing Disease Outbreaks Can Affect Plasma Manufacturing
- Darling Ingredients Inc.
- Eccofeed LLC
- Feedworks Pty Ltd
- Kraeber & Co GmbH
- Lauridsen Group Inc.
- Lican Food
- Lihme Protein Solutions
- Puretein Agri LLC
- Rocky Mountain Biologicals
- SARIA Group (Daka Denmark A/S)
- Sera Scandia A/S
- Veos Group
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