Plasma Powder Market

Plasma Powder Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Food & Beverage | Author Name: Mohit

Rising Demand for Food Products with High Protein Content to Fuel Plasma Powder Market Growth

Plasma powder has various physical and biological properties, including a high amino acid profile, immunoglobulins or antibodies that promote health, and excellent digestibility. These powders have a 75% protein content, a high biological value, and are water-soluble. Plasma powders are used in food applications since they are a good protein source, thickener for gravy, and aid in binding. The expanding food and beverages industry, as well as the rapidly increasing demand for healthy processed food products tend to enhance plasma powder demand for food applications. While this is likely to bolster the growth of global plasma powder market, surging demand as a preferred food thickener for soups, sauces, stews, and broths is also expected to drive market expansion. The shifting consumer preference for high-protein food products, combined with increasing demand for ready-to-eat, high-nutrition food products, will positively impact market statistics. In pharmaceutical applications such as tablet formulations, spray-dried animal plasma is used as a binder.

Growing pharmaceutical industry advancements such as personalised medicines, increasing drug sales, and an ageing population should fuel product demand, thereby supporting plasma powder market growth. Growing pet production activities, as well as a significant increase in demand from pet manufacturers for the inclusion of innovative ingredients to improve pet health, are expected to drive the plasma powder market during the forecast period. The plasma powders are expected to offer a healthy alternative to limited ingredients in wet pet foods, treats, and snacks.  However, the availability of lower-cost options and a lack of awareness among farming communities in developing and underdeveloped countries are major factors hindering the global growth of the plasma powder market over the forecast period.

Plasma-derived medicinal products are proteins extracted from blood and used as medicine to treat patients suffering from a range of diseases. Blood can transmit diseases. To prevent the causes of these diseases being present in blood products, plasma-derived medicinal products are adopted. Products such as albumin, coagulation factors and immunoglobulins, which are life-saving therapeutics for several chronic and acute life-threatening diseases. Physical plasma is an ionised, quasi-neutral gas. It is said to be the fourth state of matter. For a long time, plasma was used in medicine exclusively because of its thermal properties for sterilisation purposes of surgical equipment and medical supplies, and to cut and cauterize tissue. The possibility to generate cold plasma in atmospheric conditions marked the beginning of a completely new era in the application of plasma in biomedicine. Plasma medicine is a new interdisciplinary field of science that combines the knowledge of plasma physics to biomedical and clinical sciences.

Increasing Use of Bovine Source Blood Plasma as a Functional Ingredient in Food Processing Drives the Demand for Plasma Powder Market

Bovine is expected to be the fastest-growing segment of the plasma powder market over the forecast period. The food processing industry employs bovine plasma as an emulsifier and fat replacer. The growing processed food industry, as well as increased export and import of processed food products, enhances the product demand for food applications. Using bovine plasma is expected to eliminate a significant pollution risk while also preventing the loss of a valuable protein source, resulting in increased profits and environmental benefits that favour market growth. Bovine plasma is widely used in cattle feed products since it contains protein and improves intestinal function in young calves. Increased demand for immunity-boosting ingredients from cattle feed manufacturers to reduce cattle productivity loss should drive demand for bovine plasma powder. Bovine plasma powder is in high order due to its numerous benefits, including improved faecal score, minor dehydration, reduced mortality, increased grain, and fewer scour days. Increasing demand for high-quality animal feed premix products that promote strong and healthy growth in young animals raises demand for bovine plasma powder, creating opportunities for market statistics.

Increased Demand for Pet Food Owing to Presence of Large Pet Population Drives North American Plasma Powder Market Growth

Growing demand for high-nutritional-value pet food creates revenue opportunities for the industry. North America is expected to emerge as a strong market for the product due to the presence of a large number of pet owners in the region, which will drive product demand for pet food applications. The pet market is experiencing explosive growth due to the growing popularity of pet ownership and pet-loving lifestyles, as well as the introduction of online purchasing, which positively impacts the overall market size. The United States, which has most of the pet population, has seen a significant increase in high-protein pet food sales. According to the American Pet Products Association, pet owners' annual expenditure on pets has increased from USD 72.56 billion in 2018 to USD 75.38 billion in 2019. Increasing government regulations restricting antimicrobial growth regulators in livestock feed are expected to drive the significant demand for plasma powder throughout the region during the forecast period. In addition, the growing use of the product as a low-cost egg substitute in baking food enhances market growth. The food processing industry is being driven by rising demand for convenient, ready-to-eat food products due to changing lifestyles and busy schedules, which fosters product demand. Besides, increasing consumer preferences for healthy ingredients in food products, as well as changes in food eating habits in response to changing trends, are expected to favour the growth of the North American plasma powder market.

The rapid growth of the plasma powder market in Asia can be ascribed to the rising demand for various livestock and dairy products are creating the emerging need for the plasma powder. The Food and Agriculture Organization (FAO) reports that demand for livestock products has increased in the Asia Pacific in recent years. Meat consumption, for instance, has increased by 5% per year, while dairy consumption has increased by 3.5-4% per year. The increased demand for pork in the region, combined with an increase in beef consumption in China, is expected to increase the number of slaughters, eventually improving market supply for plasma feed manufacturers.

Global Plasma Powder Market: Competitive Landscape

In May 2021, Darling Ingredients and the Rousselot brand announced the opening of an upgraded Brazilian innovation lab. The upgraded lab will be used to meet the demands for the best product application support in the pharmaceutical, nutrition, and food markets. The company used this strategy to strengthen its global lab network to provide innovation, application, and expertise formulations. On the other hand, in May 2021, Solid Gold launched NutrientBoost, a new line of dog and cat food formulas and meal toppers that use a proprietary ingredient to target gut health. The formulas are 'powered by plasma,' a natural, liquid component that boosts the immune system and improves gut health. According to Solid Gold, the ingredient is 92%, but it also contains albumin, globulin, fibrinogen protein, minerals, antibodies, and amino acids.

A few of the players in the plasma powder market include Merck KGaA., Darling ingredients, Rock Mountain Biologicals, Veos Group, SARIA Group, Actipro, APC Inc., and Lican Food.

Global Plasma Powder Market is Segmented as Below:

By Source

  • Bovine
  • Porcine
  • Others

By Application

  • Food
  • Animal Feed
  • Poultry Feed
  • Swine
  • Aqua Feed
  • Pet Food
  • Ruminant Feed
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK.
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Plasma Powder Market

  • Plasma Powder Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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