PUBLISHER: The Business Research Company | PRODUCT CODE: 1670847
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670847
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 $3.04 billion in 2024 to $3.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to material science advancements, rise in surface modification techniques, demand for advanced coatings, semiconductor and electronics industry, medical and biomedical innovations
The plasma powder market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to emerging nanotechnology integration, exploration in catalytic applications, integration in smart materials, adoption in 3d printing, demand in biomedical engineering. Major trends in the forecast period include plasma-polymer composite materials, hybrid additive manufacturing processes, customizable smart coatings, bioresorbable implants and coatings, plasma powder for 5g technologies.
The rising demand for high-quality protein feeds is expected to drive the growth of the plasma powder market in the future. This increase in demand refers to the growing consumption of nutritious, high-quality feed by pets and domestic livestock. Plasma powder serves as a vital ingredient in making animal feed healthier and more nutritious. For example, in January 2022, according to the American Feed Industry Association, a U.S.-based non-profit representing the animal feed industry, the U.S. animal feed market is projected to grow by approximately 2.5% annually, reaching around 254.6 million tons valued at approximately $48.8 billion by 2025. Therefore, the growing demand for high-quality protein feeds is fueling the growth of the plasma powder market.
The increase in pet adoption is expected to boost the growth of the plasma powder market in the coming years. Pet adoption involves providing a permanent home and care for animals, often from shelters or rescue organizations. Plasma powder is used as a high-quality protein source in pet food, derived from blood plasma, and provides essential amino acids and nutrients that enhance the nutritional profile and well-being of pets. For instance, in October 2023, according to the American Pet Products Association, a U.S.-based non-profit association, 86.9 million U.S. households owned a pet, representing 66% of all households, compared to 62% in 2022. Therefore, the rise in pet adoption is driving 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 include Takeda, CSL Behring, Darling Ingredients, Grifols, Octapharma, Kedrion, Valley Proteins Inc., Proliant Biologicals, Veos Group, Uruguayan Animal Proteins, Haripro SpA, Lihme Protein Solutions, 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 2024. 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 2025 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.
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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.