What Are The 5 Takeaways From The Porcine Plasma Feed Market Overview 2024
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The porcine plasma feed market has demonstrated robust growth, increasing from <$1.19 billion in 2023 to <$1.25 billion in 2024, marking a notable compound annual growth rate (CAGR) of 5.1% during the historical period. This growth is attributed to increased consumer spending on pet food, the prohibition of antibiotics in many countries, and higher investments. Looking ahead, the market is projected to continue its steady growth, reaching <$1.51 billion by 2028 with a CAGR of 4.9%. This anticipated growth is influenced by rising meat consumption, the adoption of sustainable methods in the feed industry, and global growth in the food sector. Key trends include product launches, new nutritional solutions, feed additives, strategic partnerships, collaborations, and technological advancements.
The growth of the porcine plasma feed market is primarily fueled by the increasing consumer spending on pet food, driven by concerns about food and feed adulteration. The pet food industry has witnessed substantial growth in recent years, with pet owners recognizing the importance of essential amino acids and other vital nutrients in pet diets. The addition of plasma feed additives enhances pets’ digestive systems, immune systems, and metabolism. For example, the European pet food industry reported an annual value of EUR 19.7 billion ($20.02 billion) for pet-related products and services in Spain in August 2021. Additionally, a Wren Kitchens article in September 2021 highlighted that 11% of Americans spend as much on pet food as they do on home food, emphasizing the significant role of consumer spending on pet food in boosting demand for porcine plasma feed. The market size values for 2023, 2024, and 2028 align with the anticipated growth in consumer spending on pet-related products.
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What Are The Key Trends That Influence Porcine Plasma Feed Market Share Analysis?
Technological innovation is a key trend gaining traction in the porcine plasma feed market. The industry is seeing the adoption of advanced innovations such as spray-dried porcine plasma, an abattoir by-product that enhances animal nutrition with its high digestibility and ideal amino acid profile. This ingredient is widely used in post-weaning diets to promote growth and health in livestock. Major companies are prioritizing such advancements to bolster their market presence. For example, in February 2021, Diamond V, a US-based producer of natural immune-support feed additives, revamped an existing product line into a new offering named Dia-V. This immune health piglet feed additive, used in nursery pig diets, supports immune strength, digestive tissue integrity, and a balanced microbial environment.
Which Market Players Are Driving Growth In The Porcine Plasma Feed Market?
Major companies operating in the market are Darling Ingredients Inc, Ridley Corporation Limited, APC Proteins, Essentia Protein Solutions, Daka Denmark A/S, Veos Group, West Coast Reduction Ltd, FASA Group, FeedWorks Pty. Ltd., Kraeber & Co Gmbh, Frigorifico Allana Private Limited (FAPL), Allanasons Private Limited, Premier Nutrition Limited, AB Agri Ltd, SARIA Bio-Industries AG & Co. KG, Sera Scandia A/S, North-West Regional Company, Vitomek, Intercom, Sewa Sante Animalu, Agrofid Rus, Puretein Agri, Rocky Mountain Biologicals, Ekofood, Mars, Hill’s Pet Nutrition, Nestle Brazil Ltda, ADM, Affinity Petcare SA, Nestle Purina Arabia, Nestle Middle East, Bio-Pet Ltd, Tropikal Pet, Cagatay Pet Food, Nestle South Africa Pty Ltd, African Gazelle Products, Maneli Pets, RCL Foods, Mars Africa Pty Ltd, Martin & Martin Pty Ltd, PROMEAL
How Is The Global Porcine Plasma Feed Market Segmented?
The porcine plasma feed market covered in this report is segmented –
1) By Type: Powder, Grain, Other Types
2) By Application: Swine Feed, Pet Food, Aquafeed, Other Applications
3) By End User: Farmers, Farming Organizations, Feed Additive Companies, Animal Feed For Pets
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The Porcine Plasma Feed Global Market Report 2024 provides an overview of the porcine plasma feedmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The porcine plasma feed market forecast analyzes porcine plasma feed market size, porcine plasma feed market share, leading competitor and their market positions.
The Table Of Content For The Porcine Plasma Feed Market Include
1. Porcine Plasma Feed Market Executive Summary
2. Porcine Plasma Feed Market Segments
3. Porcine Plasma Feed Market Size And Template Market Growth Rate
4. Key Porcine Plasma Feed Market Trends
5. Major Porcine Plasma Feed Market Drivers
……
25. Key Mergers And Acquisitions In The Porcine Plasma Feed Market
26. Top Porcine Plasma Feed Companies
27. Porcine Plasma Feed Market Opportunities And Strategies
28. Porcine Plasma Feed Market, Conclusions And Recommendations
29. Appendix
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