Plasma Powder Market

Plasma Powder Market Research, 2031

The global plasma powder market was valued at $2.7 billion in 2021, and is projected to reach $4.3 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. Plasma powder is a high-quality animal protein source that can be used to improve the texture of extrudates, chunks, and pate. It has a protein content of more than 70%, a fat content of less than 2.5%, and a mineral content of 2%. It is a completely digested component with a modest calorific content (4 kcal/g). 

The COVID-19 pandemic has severely disrupted plasma powder market operations due to lockdown and market shutdown. The COVID-19 outbreak slowed market expansion and created a significant barrier to sector growth. The strict regulatory framework for animal-based protein in animal feed also had an impact on plasma synthesis. While the initial outbreak caused disruptions, the increased demand for plasma powder products in the post-pandemic period has provided an opportunity for growth and development. The government's strict cross-border travel restrictions to stem the spread of the pandemic severely disrupted the supply chain and added significant complexities to trade channels.

The protein has an excellent amino acid composition, with a high concentration of lysine, leucine, and arginine. Plasma protein powder is a superior-quality protein-based binder that promotes good nutrition while also improving palatability. It is appropriate for all types of pet food recipes, snacks, and treats. The increase in demand for plasma powder in the animal protein source is driving the growth of the plasma powder market forecast period.

The global growth of the plasma powder market is expected to be significantly hampered during the forecast period due to the availability of alternatives at significantly lower rates as well as a lack of awareness among farming communities in developing and underdeveloped countries. The plasma powder undergoes multiple processes that involve melting, cooling, and grinding. Any errors committed throughout these stages might have a severe influence on the end product's quality, this factor is expected to hamper the plasma powder market demand.

Pet food producers are concerned about the increase in demand for new ingredients, as well as the increase in the adoption of pets. Furthermore, ingredient considerations are a crucial issue in boosting pet food palatability, particularly for cats, in creating the optimum texture. Plasma powder manufacturers are proactively focusing on introducing new product ranges to deliver efficient plasma powder solutions for pets to create a marketplace in the pet food industry. This is creating lucrative business opportunities for the manufacturers operating in the market. Furthermore, the market for plasma powder is anticipated to open up new opportunities owing to the growing demand for bovine powder.

The key players profiled in this report include  Sonac, ACTIPRO, IQI Petfood, Shenzhen Taier, APC, Feed Stimulants, Otto Chemie Pvt. Ltd., British Aqua Feeds, UAP, and Lican Food. 

The plasma powder market share is segmented on the basis of application, source, form, sales channel, and region. By application, it is classified into pet food, pig feed, poultry feed, aqua feed, ruminant feed, human food, and others. By source, it is classified into porcine, bovine, ovine, and others. By form, it is classified into wet and dry. By sales channel, it is classified into online and offline. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The plasma powder market is segmented into Application, Source, Form and Sales Channel.

By application, the pet food sub-segment dominated the market in 2021. Manufacturers are focusing on introducing products considering the customized parameters of the breed, age, and size of pets. These products are smaller, single-serve containers to make life easier for pets and pet owners. Apart from that, plasma powder manufacturers are proactively focusing on dog food and are working on organic variations that contain ingredients farmed without the use of pesticides, synthetic fertilizers, hormones, or antibiotics. These are predicted to be the major factors responsible for driving the plasma powder market size during the forecast period.

By source, the porcine sub-segment dominated the global plasma powder market share in 2021. Porcine is called Pork flesh which has a strong nutritional profile in addition to being tasty. Porcine-derived spray-dried plasma is rich in protein and a popular ingredient in canned pet food due to its physicochemical qualities, which also help to promote market expansion. The rise in the acceptability of plasma feed in pet food is generating a strong demand for higher premium pet food, which is also expected to drive the plasma powder market growth.

By form, the dry sub-segment dominated the global plasma powder market share in 2021. The dry form provides efficient binding, high protein value, and delivers a more palatable and digestible solution. These properties enhance the shelf life of the product as well as maintain the adoption of on-the-go eating habits change. These factors are projected to drive the segment growth during the forecast period.

By sales channel, the online sub-segment dominated the global plasma powder market share in 2021. Online sales now make up about a quarter of the whole retail sector, and they are expanding at an astounding rate. Retailers who ignore e-commerce risk having less business as consumers continue to switch to online shopping All these are major factors anticipated to drive the segment growth in the future.

By region, North America dominated the global market in 2021 and is projected to remain the fastest-growing region during the forecast period.  The U.S. is projected to lead the plasma powder industry in this region due to the large number of pet owners in the country. In addition to this, the major players operating in this market have a significant presence across North America and have strong research and development capabilities. This is another major factor responsible for driving the regional market growth. The U.S., which has the majority of the pet population, has seen a significant increase in sales of high-protein pet food which is expected to drive the growth of the plasma powder market in North America. 

Impact of COVID-19 on the Global Plasma Powder Industry

• The COVID-19 pandemic had a significant impact on the industry due to an increase in infection cases around the world, which resulted in stringent lockdowns and forced manufacturers to suspend business operations
• The U.S. is the leading producer and exporter of feedstock required for plasma powder production. However, the U.S. being the epicenter of the coronavirus pandemic, its export was affected, leading to a decline in plasma powder production.
• The economic slowdown has affected the setup of new plasma powder projects across the world as the majority of government funding was diverted toward the healthcare sector owing to the rapid spread of the COVID-19 virus, impacting the market to the great extent.            

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plasma powder market analysis from 2021 to 2031 to identify the prevailing plasma powder market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the plasma powder market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global plasma powder market trends, key players, market segments, application areas, and market growth strategies.

 Plasma Powder Market Report Highlights