According to the recent research report titled ‘Plasma Powder Market Size By Source (Bovine, Porcine), By Application (Food, Animal Feed {Poultry Feed, Swine Feed, Aquafeed, Pet Food, Ruminant Feed}), Industry Analysis Report, Regional Outlook, Application Development Potential, Covid-19 Impact Analysis, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’ available with MarketStudyReport, global plasma powder market is projected to expand significantly through 2027.

Surge in demand for high-quality ingredients in the animal sector coupled with a wide range of benefits associated with the product such as highly palatable, easily digestible, efficient binding, and high protein content, among others are primarily driving the growth of global plasma powder market.

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For those unaware, plasma powder is widely used to produce wide array of animal feed since it is known to be highly digestible, palatable, and is rich in protein. Plasma and egg powder have also been identified as sustainable alternatives to zinc oxide, thereby stimulating the overall industry outlook.

The global plasma powder market is segmented as per application range, source type, and regional analysis. The source segment is bifurcated into bovine, porcine, and others. The others segment including lamb is expected to record a CAGR of 4.5% during the forecast period.

On the basis of application type, the market is classified into animal food, feed, and others. The animal feed segment is further bifurcated into pet food, ruminant feed, poultry feed, swine feed, aquafeed, poultry feed, and others. In 2020, the poultry feed segment held a market share of 5.5% CAGR and is expected to increase similarly by the year 2027.

The other animal segment, that involves swine and equine, is expected to witness a CAGR of 3.5% during the forecasted period.

The pet food application segment is predicted to showcase a 5.5% CAGR through 2027. The others segment, that includes animal dietary supplement, is estimated to witness 4.5% during the analysis timeframe.

The global plasma powder market’s regional analysis extends to North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The Latin America is likely to expand at 4.5% CAGR throughout the analysis timeline.

The leading companies operating in global plasma powder market are
APC Inc., ACTIPRO, Merck KGaA, Acontex GmBH, Rocky Mountain Biologicals, Lican Food, VEOS, and Darling Ingredients (Sonac).