Plasma is a fluid in its original form and isolated from whole blood by different separation process. The liquid material is further refined under controlled conditions by spray drying to transform into powder. The raw material sourced from different farming communities and slaughterhouses across the globe. This plasma powder has various physical and biological attributes including good amino acid profile, health-promoting immunoglobulins or antibodies and excellent digestibility. These powders have protein content of 75%, high biological value and ability to soluble in water The Global Plasma Powder Market is expected to grow at a high CAGR during the forecasting period

Top Driver: rise in demand from pet manufacturers towards inclusion innovative ingredients to improve the pet health are predicted to boost market

Cumulative government regulations imposed over the antimicrobial growth promoters in major developing countries and presence of similar growth parameters between AMGP and plasma powder are major factor driving the plasma powder market globally during forecast period. Inclusion of plasma powder in feeding activities of bovine has shown various benefits over other protein related additives including increased gains; fewer scour days, better fecal scores, less dehydration, and reduced mortality. Also, growing pet production activities and significant rise in demand from pet manufacturers towards inclusion innovative ingredients to improve the pet health are predicted to boost market for plasma powder during forecast period. The plasma powders are expected to provide healthy solution to formulate limited ingredient wet pet foods, treats, and snacks. Availability of alternatives at much lower costs and lack of awareness among the farming communities in developing and underdeveloped nations are major factors hindering the growth of plasma powder market globally during forecast period.

Pet food to Make Crucial Contribution to Growth of Global Plasma Powder Market

Pet food segment in global plasma powder market is expected to grow at a higher pace during forecast period owing to its extensive usage in the production process of various products and its value addition to the respective foods. Plasma protein is the one of the major animal proteins used in wet and dry pet foods. Pet food diets powered with plasma protein have evolved as an effective feed for cats and dogs. Hemoglobin in plasma feed provides potent coloring for chunks, pouches and kibbles. Furthermore, it provides digestible amino acids and absorbable iron. It has the potential to improve the production efficiency for the producer, and it’s a sustainable protein source.

North America is expected to dominate the global plasma powder market

North America is expected to dominate the global plasma powder market during forecast period owing to huge presence of pet populations and increasing shift in trend among the livestock farming communities towards alternatives for AMGP. The United Sates is most dominant country with majority of pet population and has observed significant rise in sales of high protein pet foods. According to the data published by the American Pet products Association, the annual expenditure by pet owners over pet is expected to increase from USD 72.56 Billion in 2018 to USD 75.38 billion in 2019. Increasing government regulations to restrict the usage of antimicrobial growth regulator in the livestock feed is expected to provide huge market demand for plasma powder across the region during forecast period.

Players to Focus on Global Plasma Powder Market

The companies are focusing on developing innovative and high effective Plasma Powder to meet the demand for products from industrial customers. The market might experience novel plasma powders with different animal source for providing high animal protein for various food and feed applications.

Sonac launched: Sonac launched animal-based proteins, fat and minerals new ovine plasma powder for pet foodstuff to expand its ingredient home in the industry. The ovine plasma powder is protein source manufactured from ovine blood from free range lambs and sheeps, and offers solutions to formulate limited-ingredient wet pet foods, treats and snacks. Other key players are

• Acontex GmbH,
• Darling Ingredients Inc.,
• ACTIPRO,
• Shenzhen Taier

 Scope of the Report                                                           

By Type

• Poultry feed
• Aquafeed
• Ruminant food
• Pet food
• others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report 

1. It provides a technological development map over time to understand the growth rate of the industry.

2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.

3. It renders definite analysis for changing competitive dynamics.

4. It builds a seven-year estimate based on how the market is predicted to grow.