(I-BusinessNews.Com, January 23, 2020 ) The plasma feed market is projected to reach USD 2.9 billion by 2025, from USD 2.1 billion in 2019, at a CAGR of 5.7% during the forecast period. The use of animal-derived plasma proteins as the replacement for antibiotics in feed drives the market for plasma feed. According to the FEFAC, the animal food chain is very much affected by the societal drivers. The increasing global demand for food from animal origin developing pressure on the existing feed resource. Moreover, the need to reduce the environmental impact of animal production is also rising. With the realization of the benefits associated with animal byproducts in the feed, creates a sustainable solution for resolving the issues of pressure on feed industry along with reducing the negative impact of animal production on the environment. Plasma feed also acts as a replacement for antibiotics, which were excessively used in the animal feed industry resulting in the development of resistance among the animals. Ban on the use of antimicrobials in feed along with its negative impact on the health of animals and humans is expected to lead to a need for a sustainable approach to replace such antimicrobials, which in turn, drives the market for plasma feed.
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The trend for the use of natural and bioactive products is very prevalent in the pet food industry. This is attributed to factors such as the expansion of the pet population, customer attitudes toward their pets as companions or family. Additives play a vital role in enhancing the quality of feed for pets. People are demanding grain-free feed products for their pets, which act as nutritional supplements and satisfy the demand for proteins. Keeping the concerns of pet owners in mind, many companies are coming up with feed products made up of naturally sourced ingredients. Humanization of pets and increasing demand for nutritional products for pets makes it the fastest-growing market for plasma feed during the forecast period.
The formulation of plasma feed production from the porcine blood has been the most common in the market owing to its high protein content value and benefits associated with porcine blood plasma. Addition of porcine plasma as an additive in feeds for piglets resulted in the enhancement of general increase in body weight, gastrointestinal health, improved immunity, and reduced prophylactic treatments or medication. Moreover, a high number of swine slaughtered led to a steady supply of blood plasma for the plasma manufacturers, due to which porcine was the dominant segment for plasma feed in 2018.
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The Asia Pacific plasma feed market has comparatively better potential in the coming years. China accounted for the largest share of about 39.0% of the overall pig slaughtered globally, as estimated by FAOSTAT 2017. Moreover, some of the other Asian countries with stable economic conditions which are engaged in pork consumption such as Thailand, the Philippines, and Vietnam are projected to become the highest consumer of pork meat by OECD 2018. Moreover, the expansion of the ovine segment in developing countries of the Asia Pacific region resulted in the high number of ovine population slaughtered in these countries. These slaughterhouses, in turn, provide animal byproducts for the feed industry, and thus, it is one of the major driving factors that make Asia Pacific the dominating market.
This report includes a study of the development strategies, along with the product portfolios of leading companies such as Darling Ingredients Inc. (US), The Lauridsen Group Inc. (US), SARIA Group (Germany), Sera Scandia (Denmark), Lican Food (Chile), Puretein Agri LLC. (US), Veos Group (Belgium), Kraeber & Co Gmbh (Germany), Rocky Mountain Biologicals (US), Lihme Protein Solutions (Denmark), EcooFeed LLC (US), and FeedWorks (Australia).
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