Global Plasma Feed Market Segmentation by Source (Porcine, Bovine and Others (Poultry, sheep, and goat)), by Application (Swine feed, Pet food, Aquafeed, Others (Poultry and ruminant feed)), by Region (North America, Europe, Asia Pacific, South America and MEA& Africa).
Plasma feed or blood plasma animal feed refers to the plasma proteins derived from animal sources and added in animal feed as protein ingredients. Various factors such as increasing demand for plasma feed as a replacement for antibiotics, growing demand from the aquafeed industry, growth in demand for high-quality pet food, support from sustainability initiatives across feed, livestock, and food industries, increase in demand for meat products in developing countries and growth in feed production are driving the market growth over forecast period.
However, factors such as uncertainty in acceptance of blood-based products for livestock feed, high investment in refining technology at a commercial scale, stringent global regulatory framework for animal-based protein in ruminant feed are restraining the market growth over forecast period.
Global Plasma Feed Market is segmented by Source, by application and by Region. By Source, porcine plasma feed dominated the market in 2019 and is expected to keep its dominance over forecast period. Porcine plasma (SDPP) is a feed ingredient with highly digestible proteins and amino acids, and significant concentrations of functional bioactive components including immunoglobulins, transferrin, growth factors, peptides, and other biologically active components.
By geography, North America dominated the global plasma feed market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. The United States is the major market that account for nearly 81.34% of the North American market. Beef, Poultry, and veal are the most commonly consumed meat in North America.
Report covers in depth analysis of key development, marketing strategies, value chain, supply chain and company profiles of market leaders, potential players and new entrants. Some of the key players operating in this market are Darling Ingredients Inc. (US), The Lauridsen Group Inc. (US), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (US), Veos Group (Belgium) and Kraeber & Co Gmbh (Germany) among others. These Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, collaborations, strategic alliances, expansion, joint ventures, new product launches, patent and diversification to increase regional presence and business opeartions.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Plasma Feed Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Plasma Feed Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Plasma Feed Market positioning of competitors.