The market size for plasma feed was estimated at USD 2.226 billion in 2023. With a compound annual growth rate (CAGR) of 5.23% over the projected period of 2024 to 2032, the plasma feed market business is expected to increase from USD 2.35956 billion in 2024 to USD 3.5479058 billion.
The North American plasma feed market is experiencing significant growth driven by the rising demand for high-quality animal nutrition products. Plasma feed, derived from animal blood, is rich in proteins and essential nutrients, making it a valuable ingredient in livestock feed. The region's advanced livestock farming practices and stringent regulations on animal health and nutrition are key factors contributing to the market expansion. Moreover, the growing awareness among farmers about the benefits of plasma feed in enhancing animal growth and immunity is boosting its adoption. The United States and Canada are leading the market with their robust agricultural sectors and extensive research and development activities. The integration of plasma feed in aquaculture and pet food segments also presents lucrative opportunities for market players. However, the market faces challenges such as ethical concerns regarding animal-derived products and the need for sustainable sourcing practices. Overall, the North American plasma feed market is poised for steady growth, supported by technological advancements and increasing investments in the animal feed industry.
The plasma feed market is experiencing a significant surge, driven by advancements in animal nutrition and increasing awareness about sustainable farming practices. Plasma feed, derived from the blood of livestock animals, particularly pigs and cattle, is rich in essential proteins and bioactive molecules. This unique composition makes it an invaluable ingredient in animal feed, enhancing growth, immunity, and overall health.
Understanding Plasma Feed
Plasma feed is created through the fractionation of blood collected from healthy animals during the slaughtering process. This process isolates plasma, which is then spray-dried to produce a high-protein powder. This powder is incorporated into animal feed, providing a concentrated source of protein and immunoglobulins that promote gut health and disease resistance in livestock.
Key players :
Sera Sc andia, Saria Group, Rocky Mountain Biologicals, LicanFood, Veos Group, Baxter International Inc., Grifolis S.A., CSL Limited, The Lauridsen Group Inc., PureteinAgri LLC., Darling Ingredients Inc., EcooFeed LLC., Accuray Inc., Boston Scientific Corp.
Benefits of Plasma Feed
One of the primary benefits of plasma feed is its ability to improve the feed conversion ratio (FCR) in animals. A better FCR means animals convert feed into body mass more efficiently, reducing the overall feed required and lowering costs for farmers. Additionally, plasma feed has been shown to enhance the immune system, leading to healthier animals with fewer diseases and reduced need for antibiotics. This is particularly important in the context of growing concerns about antibiotic resistance.
Market Trends and Innovations
Several trends are shaping the plasma feed market. There is an increasing demand for high-quality animal protein, driven by a growing global population and rising incomes in developing countries. This demand is pushing the animal feed industry to seek out more efficient and sustainable ingredients like plasma feed.
Innovation is also playing a crucial role. Advances in processing technologies are improving the quality and safety of plasma feed. Companies are investing in research to understand better the bioactive components of plasma and their effects on animal health. This research is leading to new formulations and applications, broadening the scope of plasma feed beyond traditional uses.
Sustainable and Ethical Considerations
Sustainability and ethical considerations are at the forefront of the plasma feed market's growth. The use of by-products like blood helps reduce waste in the meat processing industry, contributing to a more sustainable food system. Furthermore, the production of plasma feed adheres to stringent regulations to ensure the safety and well-being of both animals and consumers.
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Table of content:
- Executive Summary
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Dynamics
To be continued....
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