According to the 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 estimated to grow substantially over the forecast period 2021-2027.
 

Growing preference for premium quality functional ingredients in animal feed sector, and increasing demand for animal-based products are the major factors driving global plasma powder market demand.
 

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For the unversed, plasma powder is largely used in the production of various types of animal feed, owing to benefits such as efficient binding, high protein content, and improved palatability & digestibility among others.
 

Additionally, prominent companies have been implementing strategic initiatives like new product development & launches to keep up with the evolving consumer demands, which is in turn enhancing the overall market dynamics. For instance, in September 2021, VEOS Group, a key producer of high functional animal proteins, announced the opening of its new, highly modern production facility in Monzon, Spain.
 

Based on application scope, the animal feed segment has been segregated into ruminant feed, swine feed, pet food, poultry feed, aquafeed, and others, of which, the poultry feed and pet food segments are expected to deliver a CAGR of 5.5% over the forecast period.
 

From a regional frame of reference, the research literature on global plasma powder market spans considers North America (U.S., Canada, Mexico), Europe (Germany, Italy, France, Spain, Russia, U.K.), Asia Pacific ( Japan, China, India, South Korea, Thailand, Australia, Vietnam, Indonesia), Latin America (Brazil), and Middle East & Africa (South Africa, Saudi Arabia, Egypt). Among these, Latin America market is touted to exhibit a notable 4.5% CAGR over 2021-2027, while the Middle East & Africa industry will register a CAGR of approximately 4% over the stipulated timeframe.
 

Prominent players in worldwide plasma powder industry are APC Company Inc., ACTIPRO, Merck KGaA, Acontex GmbH, Rocky Mountain Biologicals LLC, Licán Alimentos S.A., Veos N.V., and Darling Ingredients Inc. (Sonac).