Global Porcine Plasma Feed Market - 2023-2030

Global Porcine Plasma Feed Market - 2023-2030

Global Porcine Plasma Feed Market reached US$ 1.0 billion in 2022 and is expected to reach US$ 1.6 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.

The global porcine plasma feed market has witnessed significant growth and transformations over the years, with various factors influencing its dynamics. The pig farming industries are adopting porcine plasma in animal feed as it provides all the essential nutrients, and protein and helps in muscle development and maintaining the overall health of the animal.

Furthermore, many manufacturing companies are producing high-quality products in order to attract larger consumer bases. For instance, Feed Works Company produces FW Porcine Plasma, which is derived from the separation of blood into hemoglobin and plasma by centrifugation and then spray drying. It helps in improving the feed palatability and enhances daily feed intake. Hence such products help in increasing the adoption rate.

The powdered porcine plasma feed segment accounts for over half of the market share. Similarly, the Asia-Pacific dominates the porcine plasma feed market, capturing the largest market share of over 1/3rd. The North American region consumes more porcine plasma feed as the meat consumption is higher in this region.

Dynamics

Increase in the usage of Pet Food

The pet population is gradually increasing, For instance, according to the World Animal Foundation Organisation report of 2023, in the U.S. there were around 89.7 million dogs in 2020 and 63.4 million households in the U.S. owned a dog, which can lead to increasing demand for the high-quality pet foods.

Furthermore, pet ownerss are investing more on pet food. For instance, accoridng to American Pet Products Association in 2021, the pet food & Treats market was 58.2 billion US$. This increases the porcine plasma feeds as it enhances the appearance of feed and helps in improving the feed palatability and gut health of animals by providing nutritionally balanced pet foods.

Growing demand for livestock consumption

Consumers are shifting to protein-rich diets increasing the livestock consumption demand. For instance, according to the Department of Agriculture, Fisheries and Forestry report of 2023, in Australia Value of pork meat production to be $1.7 billion in 2022–23 and $1.8 billion in 2023–24. This can help in increasing the demand for porcine plasma feed.

Furthermore, the demand for porcine plasma feed is increasing among the poultry industries and farmers are adopting this feed in animal diets as it helps enhance feed efficiency, improves intestinal integrity, and reduces the risk of diseases. They provide all the essential nutrients and help in muscle development and growth in animals. Hence, an increase in meat consumption can ultimately drive the global porcine plasma feed market.

High Product Cost

High product cost can indeed be a significant restraint to the growth of the porcine plasma feed market. As the production of porcine plasma requires specialized types of equipment for collecting porcine blood, processing it, spray-drying, and others, this could show an impact on the end product cost.

Furthermore, the high product cost can cause limitations of the market for smaller consumer bases. For instance, Rocky Mountain Biologicals (RMBIO) company produces Porcine Serum for 1 liter- 179 UD$. It is ideal for vaccine production and cell culture applications. Such high product costs can hamper the market growth.

Segment Analysis

The global porcine plasma feed market is segmented based on type, source, distribution channel, end-user, application and region.

Increase in Demand for Effective Feed

The powdered porcine plasma feed segment holds the maximum share in the global porcine plasma feed market. The poultry industry is adopting these feeds in animal diest as they provide all essential amino acids and proteins and also help improve the immune system, enhance the palatability of pig feeds, and help in increasing productivity. Hence such factors help in increasing the market size.

Furthermore, many manufacturing companies produced high-quality products in order to attract larger consumer bases. For instance, APC company producing AP920 a spray dried plasma powder, It is a safe, effective and essential health tool for animal agriculture and set the standard by which all other protein ingredients are measured. It is highly used in swine, poultry, ruminant, aquaculture and companion animal diets. Hence such products can help in increasing the market.

Geographical Penetration

Increase in Meat Consumption

North America holds the maximum share in the global porcine plasma feed market. As the poultry industry in this region is adopting the porcine plasma feed as it helps in increasing the growth and helps in increasing quality and productivity of swine. Hence it helps in increasing the market in this region.

Furthermore, the consumers in this region are adopting high protein in their regular diets which increases the production rate of pork in this region. For instance, according to the Government of Canada report 2.26 million tons of pork were produced in 2022 in U.S. and 14.17 million hogs on 7,330 farms in Canada. This helps in increasing the usage of the porcine plasma feed market.

Additionally, according to the United States Department of Agriculture report of 2023, Mexico forecasts Mexico’s 2023 pig crop to increase by 3.2 percent, compared to 2022, reaching 22.4 million, and in Mexico the pork production to increase by 4.6 percent from 1.53 MMT, reaching 1.60 MMT. Hence such high rates help in increasing the market in this region.

Competitive Landscape

The major global players in the market include APC, Lican Food, Kraeber & Co Gmbh, Ridley Corporation Limited, Allanasons Pvt Ltd., Rocky Mountain Biologicals, Lihme Protein Solutions, Feedworks Pty Ltd., Puretein Bioscience LLc and Ekofood.

COVID-19 Impact Analysis

The pandemic has brought unprecedented challenges to industries worldwide, including the porcine plasma feed market. Many country governments have imposed some lockdown restrictions which has led to the partial closure of many manufacturing companies which led to the limitation of availability of products in the market, which has led to a decrease in the global porcine plasma feed market.

By Type
• Powder
• Grains
• Others

By Source
• Porcine Plasma
• Bovine Plasma
• Others

By Distribution Channel
• Company Stores
• E-Commerce
• Hypermarkets/Supermarkets
• Specialty Stores
• Others

By End-User
• Farmers
• Farming Organization
• Feed Additives Companies
• Animal Feed for Pets
• Others

By Application
• Swine Feed
• Pet Food
• Aquafeed
• Others

By Region
• North America

U.S.

Canada

Mexico
• Europe

Germany

UK

France

Italy

Russia

Rest of Europe
• South America

Brazil

Argentina

Rest of South America
• Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In August 2023, Kalmbach Feeds acquires Ware Millin. This acquisition represents a strategic milestone in the growth of Kalmbach Feeds, fueled by its customers and growing demand for its top-quality nutrition products and services.

Why Purchase the Report?
• To visualize the global porcine plasma feed market segmentation based on type, source, distribution channel, end-user, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of porcine plasma feed market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global porcine plasma feed market report would provide approximately 77 tables, 81 figures and 188 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies