Plasma Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Plasma Feed Market is segmented by source into porcine, bovine, and others, by application into swine, pet, aquaculture, and others. A detailed geographical analysis covering more than 16 countries are also included.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 5.8 %

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Market Overview

The global plasma feed market was valued at USD 1.98 billion in 2019 and is expected to witness a CAGR of 5.8% during the forecast period.  The increasing demand for alternative protein sources in the animal feed industry coupled with rising demand for plasma feed as a replacement of 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 the robust demand for animal-based protein sources is driving the market for global plasma feed proteins.

Scope of the Report

Plasma feed includes the feed products that involve animal-derived plasma proteins as the feed ingredient. For the purpose of the 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. 

Source
Porcine
Bovine
Others
Application
Swine
Pet
Aquaculture
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Market Trends

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 have been found to be directly correlated to the consumption of milk, meat, and eggs, which is increasing at the expense of staple foods. Urbanization has led to a higher demand for meat and milk products in cities compared to the rural areas, resulting in the rising per capita consumption from 42.13 kg in 2010 to 43.71 kg in 2016.

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 are becoming 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 market for global plasma feed market.

plasma feed market1

North America Dominates the Market

The United States and Mexico are the major markets that account for nearly 88% of the North American market. Beef, Poultry, and veal are the most commonly consumed meat in North America. By value, North America accounts for 28% of the global market. The United States is a well-established market with a strong demand for organic meat, which has compelled farmers to use natural ingredients. 

In 2017 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. During this scenario, 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 market2

Competitive Landscape

The market for plasma feed is still at a very nascent stage, thus resulting in the consolidated nature of the market. However, even in developed economies, the plasma feed market is still at a nascent stage due to the lack of awareness and regulatory structure barricading the market growth. Additionally, in a few developed economies, the market is highly regulated, making it difficult for the new players to enter the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Porcine

      2. 5.1.2 Bovine

      3. 5.1.3 Others

    2. 5.2 Application

      1. 5.2.1 Swine

      2. 5.2.2 Pet

      3. 5.2.3 Aquaculture

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 South Korea

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Daka Denmark A/S

      2. 6.3.2 Darling Ingredients, Inc.

      3. 6.3.3 Lauridsen Group, Inc.

      4. 6.3.4 Kraeber & Co GmbH

      5. 6.3.5 Lican Food

      6. 6.3.6 Puretein Agri LLC

      7. 6.3.7 Veos Group

      8. 6.3.8 Lihme Protein Solutions

      9. 6.3.9 Eccofeed LLC

      10. 6.3.10 Feedworks Pty Ltd.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Plasma Feed Market market is studied from 2016 - 2026.

The Plasma Feed Market is growing at a CAGR of 5.8% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Daka Denmark A/S, Darling Ingredients, Inc., Lauridsen Group, Inc., Kraeber & Co GmbH, Lican Food are the major companies operating in Plasma Feed Market.

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