Plasma Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Plasma Feed Market Analysis
The plasma feed market is projected to witness a CAGR of 5.8% during the forecast period 2022-2027.
The outbreak of the COVID-19 pandemic in Q1 of 2020 had a strong impact on the overall growth of the plasma feed market globally. Lockdowns across the globe in 2020 and continued restrictions till 2021 disrupted the supply chain and posed challenges for manufacturers in the plasma feed market, thus, slowing down the growth of the market.
Plasma is a component of blood that is rich in various nutrients like protein, enzymes, salts, etc. Derived from plasma, plasma feed is a natural source of high-quality protein and other nutrients, which is expected to gain traction owing to the increasing demand for natural feed ingredients.
The increasing demand for alternative protein sources in the animal feed industry coupled with the rising demand for plasma feed as a replacement for antibiotics is fuelling the market for the plasma feed industry. Moreover, increasing life expectancy and limited availability of land and water resources for animal feed production coupled with robust demand for animal-based protein sources are driving the global market for plasma feed proteins.
The Asia-Pacific plasma feed market is anticipated to be the largest geographical segment during the forecast period. The steadily improving economy in the Asia-Pacific region is expected to be driving the overall meat food market, which in turn, would boost the plasma feed market as well. According to the Food and Agriculture Organization (FAO), the demand for livestock products has grown in the region in recent years. For instance, consumption of meat grew at a rate of 5% while consumption of dairy products grew at a rate of 4% per year. The increasing demand for pork in the region, along with the rise in the consumption of beef in China, is anticipated to eventually improve the market supply needs of plasma feed manufacturers.
Plasma Feed Market Trends
This section covers the major market trends shaping the Plasma Feed Market according to our research experts:
Increasing Demand for Animal-based Protein Sources
Increasing pressure on the livestock industry has intensified in recent years to meet the growing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock consumption. The level of income and consumption of animal protein has been found to be directly correlated to the consumption of milk, meat, and eggs, which is increasing at the expense of staple foods.
The highest growth in meat consumption is expected from the Asia-Pacific and Latin American regions, because of changing diet patterns, urbanization, and economic growth. The demand for fish is increasing rapidly as more and more people become aware of the health benefits of fish consumption. Thus, the increasing life expectancy and limited availability of land and water resources for animal feed production coupled with the robust demand for animal-based protein sources is driving the plasma feed market.
North America Dominates the Market
The United States and Mexico are the major markets that account for nearly 88% of the North American plasma feed market. Beef, poultry, and veal are the most commonly consumed meats in North America. By value, North America accounts for 28% of the global market. The United States is a well-established market with strong demand for organic meat, which has compelled farmers to use natural ingredients.
In 2017, the US Food and Drug Administration banned the use of antibiotics as a feed supplement. Due to this ban, growth promoters are not likely to be available in the country but plasma feed protein sources can be used as an alternative to antibiotics. Stringent approval systems in place by the US government on certain feed additives are making it difficult to manufacture and market new products, thereby fueling the need for alternatives and boosting the demand for plasma feed ingredients.
Plasma Feed Industry Overview
The market for plasma feed is still at a very nascent stage, which has resulted in the consolidated nature of the market. However, even in developed economies, the plasma feed market is at a nascent stage due to the lack of awareness and regulatory structure barricading the market's growth. Additionally, in a few developed economies, the market is highly regulated, making it difficult for new players to enter the market.
Plasma Feed Market Leaders
Daka Denmark A/S
Darling Ingredients, Inc.
Lauridsen Group, Inc.
Kraeber & Co GmbH
Lican Food
*Disclaimer: Major Players sorted in no particular order
Plasma Feed Market News
In June 2018, Essentia Proteins (US) acquired Scanflavour (Denmark), which is engaged in the production of functional proteins and ingredients derived from pork. The acquisition would lead to the strengthening of the group's market presence and the strong establishment of its customer base.
Plasma Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Source
5.1.1 Porcine
5.1.2 Bovine
5.1.3 Other Sources
5.2 Application
5.2.1 Swine
5.2.2 Pet
5.2.3 Aquaculture
5.2.4 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 South Korea
5.3.3.4 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Daka Denmark AS
6.3.2 Darling Ingredients Inc.
6.3.3 Lauridsen Group Inc.
6.3.4 Kraeber & Co. GmbH
6.3.5 Lican Food
6.3.6 Puretein Agri LLC
6.3.7 Veos Group
6.3.8 Lihme Protein Solutions
6.3.9 Eccofeed LLC
6.3.10 Feedworks Pty Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 IN THE INDUSTRY
Plasma Feed Industry Segmentation
Plasma feed includes feed products that involve animal-derived plasma proteins as feed ingredients. For the purpose of this report, plasma feed is defined as the plasma proteins incorporated into base mixes and compound forms, with end consumers as premix producers, farmers, compound feed producers, and base mix and concentrate producers.
The plasma feed market is segmented by source (porcine, bovine, and other sources), application (swine, pet, aquaculture, and other applications), and geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast in terms of value (USD million) for all the abovementioned segments.
| Source | |
| Porcine | |
| Bovine | |
| Other Sources |
| Application | |
| Swine | |
| Pet | |
| Aquaculture | |
| Other Applications |
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Plasma Feed Market Research FAQs
What is the current Plasma Feed Market size?
The Plasma Feed Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Plasma Feed Market?
Daka Denmark A/S, Darling Ingredients, Inc., Lauridsen Group, Inc., Kraeber & Co GmbH and Lican Food are the major companies operating in the Plasma Feed Market.
Which is the fastest growing region in Plasma Feed Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Plasma Feed Market?
In 2024, the North America accounts for the largest market share in Plasma Feed Market.
What years does this Plasma Feed Market cover?
The report covers the Plasma Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plasma Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Plasma Feed Industry Report
Statistics for the 2024 Plasma Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Plasma Feed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
