Market Research Report
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
|Published by||MarketsandMarkets||Product code||891197|
|Published||Content info||208 Pages
Delivery time: 1-2 business days
|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|
|Published: July 16, 2019||Content info: 208 Pages||
"Reduction in use of antibiotics and need for sustainable protein source in animal feed drives the plasma feed market"
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. 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.
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.
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.
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.
Others include: sales managers, marketing managers, and product managers.
*RoW includes Brazil, Argentina, South Africa, and other countries in Africa, the Middle East, and South America.
Plasma feed Product Manufacturers:
The report segments the plasma feed market based on source, application, and region. In terms of insights, this report has focused on various levels of analyses-the competitive landscape, end-use analysis, and company profiles-which together comprise and discuss views on the emerging & high-growth segments of the global plasma feed market, the high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.