Plasma Feed - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Plasma Feed Market is accounted for $1.99 billion in 2018 and is expected to reach $3.59 billion by 2027 growing at a CAGR of 6.8% during the forecast period. Growing demand for high-quality pet food, strong demand from the aquafeed industry and reduction in the utilization of antibiotics for the requirement for a maintainable protein source are some of the factors fuelling the market growth. However, high investment in refining technology and inconvenience for accepting the blood-based products for livestock feed are the restraining factors for the market growth.
Based on Source, Porcine segment is likely to have a huge demand because porcine offer different health benefits to animals and is utilized fundamentally in poultry. Porcine plasma proteins can replace a particular amount of weaning pig soybean diet without reducing its performance; thus, it can be used as a replacement for other protein sources.
By Geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the growing concentration of animal slaughtered and increasing demand for animal food which poses a strong potential for plasma feed manufacturers. The impacts of changing consumer demand for high-quality meat food products along with high aquafeed production are having a positive growth in this region.
Some of the key players profiled in the Plasma Feed market include Darling Ingredients Inc, Eccofeed LLC, Feedworks Pty Ltd, Kraeber & Co GmbH, Lauridsen Group Inc, Lican Food, Lihme Protein Solutions, Puretein Agri LLC, Rocky Mountain Biologicals, SARIA Group (Daka Denmark A/S), Sera Scandia A/S and Veos Group.
• Other Sources
• Swine Feed
• Pet Food
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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