03-Feb-2020 | Zion Market Research
As per Zion Market Research, the global plasma feed market in 2019 was valued at USD 2.3 billion and is projected to develop to USD 3.1 billion by 2025 with a CAGR of 5.9%. Plasma feed comprises the feed products that have animal-based plasma proteins as the nourishment ingredient. The plasma feed market has been developing at the intentional level owing to the increment in requirement for optional sources of protein in the feed sector.
The plasma feed market is competitive in nature as the primary share is occupied by a number of companies at international level. Major companies in plasma feed market comprise The Lauridsen Group Inc., Darling Ingredients Inc., Sera Scandia, SARIA Group, Puretein Agri LLC., Lican Food, Kraeber & Co Gmbh, Veos Group, Lihme Protein Solutions, Rocky Mountain Biologicals, FeedWorks, and EcooFeed LLC.
Porcine Segment Expected To Be The Bigger Attributor During The Forecast Period To The Plasma Feed Market
Based on source, the plasma feed market has been divided into bovine, porcine, and others, which comprises goat, sheep, and poultry. The porcine plasma feed market is expected to clock a higher share of market from 2019 to 2025. Porcine blood meal provides different health advantages to animals and is employed significantly in porcine and poultry feed. For example, as per the NCBI (National Center for Biotechnology Information), “pigs fed diets having porcine plasma had more ADG (average daily growth) and ADFI (average daily feed intake).”
Plasma Feed Expected To Be Employed Mainly During The Forecast Period In Pet Food
The primary factor for the elevated acceptance of plasma feed in pet food is due to the tendency of users to humanize pets and take care of them as their family. This has led to the high requirement for enhanced quality pet food. The fashion for the employment of bioactive and natural goods is very common in the pet food sector. This is credited to factors such as the customer approach toward their pets as family or companions and branch out of the pet population. According to industry experts, one of the primary brand engaged in the making of plasma feed goods claimed that plasma protein is a sustainable and natural pet food source. It has various benefits such as emulsifying properties, water binding capacity, and palatability, which in turn boosts the growth of plasma feed market amongst pet food makers.
Asia Pacific Is Anticipated To Have The Biggest Market Share In The Years To Come
The plasma feed market in Asia Pacific region is expected to be the biggest from 2019 to 2025 and is anticipated to develop at the highest CAGR in the years to come. The steadily enhancing economy has been boosting the general meat food sector in the area, which has been driving the plasma feed market too. As per FAO (Food and Agriculture Organization), the requirement for livestock goods has developed in this area in late times.
This review is based on a report by Zion Market Research, titled “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 Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/plasma-feed-market
The global plasma feed market is segmented as follows:
Others (Poultry, sheep, and goat)
Others (Poultry and ruminant feed)
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