Plasma Powder Global Market Report 2024

Plasma powder, obtained through the spray-drying process of plasma, serves as a protein-rich ingredient extensively utilized to enhance the nutritional value and foster growth in animal diets. Apart from contributing to the well-being of pets by providing ample protein, this ingredient plays a crucial role in ensuring the tenderness, elasticity, and moistness of both chunks and pate.

The primary sources of plasma powder encompass bovine (related to cattle), porcine (related to pigs), ovine (related to sheep), and other sources. Derived from cattle, bovine-based plasma powder finds applications in various sectors, including food and pharmaceuticals, prized for its nutritional benefits and functional attributes. Available in dry and wet forms, these products are distributed via diverse sales channels, both online and offline, and find utility in a wide array of uses, such as pet food, pig feed, poultry feed, aqua feed, ruminant feed, human food, among others.

The plasma powder research report is one of a series of new reports from The Business Research Company that provides plasma powder market statistics, including the plasma powder industry's global market size, regional shares, competitors with an plasma powder market share, detailed plasma powder market segments, market trends and opportunities, and any further data you may need to thrive in the plasma powder industry. This plasma powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The plasma powder market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historic period can be credited to advancements in material science, the increased utilization of surface modification techniques, heightened demand for advanced coatings, expansion in the semiconductor and electronics industry, as well as significant innovations in the medical and biomedical sectors.

The plasma powder market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period is driven by the integration of emerging nanotechnology, increased exploration in catalytic applications, the incorporation of plasma in smart materials, adoption in 3D printing technologies, and rising demand in biomedical engineering. Notable trends expected in this period encompass the development of plasma-polymer composite materials, the utilization of hybrid additive manufacturing processes, the creation of customizable smart coatings, advancements in bioresorbable implants and coatings, and the application of plasma powder in 5G technologies.

The growth of plasma powder is expected to be propelled by the increasing demand for high-quality protein feeds. The surge in demand indicates a rise in the consumption of premium feed by pets and domestic livestock. Plasma powder, functioning as a vital ingredient, contributes to the health and nutrition of animals. Notably, in March 2021, the American Feed Industry Association projected a 2.5% increase in animal food consumption by 2025, reaching 254.6 million tons valued at approximately $48.8 billion, surpassing the 2020 consumption of 248.4 million tons. The anticipated trajectory suggests a further increase to 263.1 million tons by 2025, underscoring the pivotal role of plasma powder in meeting the escalating demand for high-quality protein feeds.

The growth of the plasma powder market is also expected to be driven by the increase in pet adoption. Pet adoption involves providing a permanent home and care for an animal, typically sourced from animal shelters or rescue organizations. Plasma powder, utilized in pet food as a premium protein source derived from blood plasma, serves as a key component in enhancing the nutritional content of pet diets. As evidenced by data from February 2022 by Chewy Inc., a leading US-based online retailer of pet food products, there were approximately 977,202 pets adopted in the US in 2021, marking the highest adoption rate in the past six years at 61%. This notable surge in pet adoption is a significant factor contributing to the growth of the plasma powder market.

Product innovation stands out as a prominent trend gaining traction in the plasma powder market, with companies actively launching new product lines to secure their market positions. A case in point is Octapharma AG, a Switzerland-based pharmaceutical company, which, in February 2023, secured European Union (EU) approval for its octaplasLG powder. This lyophilized (freeze-dried) form of their established plasma for transfusion represents a noteworthy line extension marketed in Europe as a powder and solvent solution for infusion. OctaplasLG powder, a pharmaceutical-grade human plasma product, ensures standardized quality and outstanding pathogen safety profiles, achieved through Octapharma's integrated pathogen elimination and inactivation concept. This innovation underscores the commitment of companies in the plasma powder market to elevate product offerings through advanced formulations and safety measures.

Major companies operating in the plasma powder market are investing in the development of new pilot spray dryers. These scaled-down versions of industrial spray dryers are instrumental in producing powdered or granulated materials from liquid or slurry feedstocks. Illustratively, in April 2023, RELCO LLC, a US-based food processing equipment company, introduced the Parvus pilot spray dryer tailored for various food applications. The Parvus Nomad, a single-stage dryer for trial batches and smaller production volumes, and the Parvus Multi-Stage, designed for larger production volumes, provide flexibility for initial testing and scalability. This innovation addresses emerging opportunities in markets such as plant protein, fermentation, and collagen. The compact design of the pilot spray dryer caters to space constraints and shipping considerations, making it an agile solution for small-scale and trial needs, showcasing a strategic approach to advancing technology in the plasma powder market.

In May 2022, Darling Ingredients Inc., a US-based sustainable natural ingredients provider, completed the acquisition of Valley Proteins for $1.1 billion. This strategic move by Darling Ingredients Inc. is aimed at strengthening its operations while expanding its range of feedstocks with reduced carbon intensity. Valley Proteins, the acquired company, is a US-based rendering company specializing in animal by-products, including protein meals and ingredients for pet food.

Major companies operating in the plasma powder market report are Takeda, Merck KGaA, CSL Behring, Darling Ingredients, Grifols, Octapharma, Kemin Industries, Kedrion, Valley Proteins Inc., Proliant Biologicals, Lican Food, IQI Petfood, Veos Group, Uruguayan Animal Proteins, Haripro SpA, Lihme Protein Solutions, Proliant Biologicals, Saria SE & Co. KG, Acontex GmbH, APC Inc., British Aqua Feeds, Feed Stimulants, Otto Chemie Pvt Ltd, Shenzhen Taier Biotechnology Co. Ltd, Animix LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals.

North America was the largest region in the plasma powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the plasma powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The plasma powder market consists of sales of spray-dried plasma powder, granulated plasma, highly soluble spray-dried plasma, soluble protein blends, spray-dried red cells, and whole blood powder. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Plasma Powder Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on plasma powder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for plasma powder ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The plasma powder market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Source: Bovine; Porcine; Ovine; Other Sources
• 2) By Form: Dry; Wet
• 3) By Sales Channel: Online; Offline
• 4) By Application: Pet Food; Pig Feed; Poultry Feed; Aqua Feed; Ruminant Feed; Human Food; Other Applications
• Companies Mentioned: Takeda; Merck KGaA; CSL Behring; Darling Ingredients; Grifols
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.