Overview and Scope
The porcine plasma feed refers to a feed ingredient containing highly digestible proteins, amino acids, and other significant amounts of functional bioactive components such as immunoglobulins, transferrin, growth factors, peptides, and other biologically active ingredients used as the mainstay in pigs’ diets. The primary purpose of porcine plasma is to be used as a feed additive in pig food to increase average growth and maintain pig nutrition.
Sizing and Forecast
The porcine plasma feed market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased consumer spending on pet food, a ban on the use of antibiotics in many countries and increased investments.
The porcine plasma feed market size is expected to see steady growth in the next few years. It will grow to $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to the increasing consumption of meat, the increasing adoption of sustainable methods in the feed industry and growth across the food sector globally. Major trends in the forecast period include focusing on product launches, focusing on new nutritional solutions, focusing on new feed additives, strategic partnerships and collaborations and technology advancement.
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Segmentation & Regional Insights
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
North America was the largest region in the porcine plasma feed market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the porcine plasma feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing consumer spending on pet food is the major factor driving the porcine plasma feed market growth. The pet food industry has grown considerably in the last few years due to increasing food and feed adulteration cases. Pet food with essential amino acids helps to develop and grow and provides several other vital nutrients to pet animals. The addition of such plasma feed additives to the pet’s diet provides them with a more accessible digestive system and an improved immune system and metabolism. For Instance, in August 2021, according to the European pet food industry, the annual value of pet-related products and services in Spain is EUR 19.7 billion ($20.02 billion). Additionally, in September 2021, according to a Wren Kitchens article, a UK-based designer, manufacturer, and retailer of kitchens, one in ten (11%) Americans spend the same amount on their pet food as they do on home food, while 6% of Americans spend more on their pet food than they do on household food. Therefore, increasing consumer spending on pet food is expected to boost demand for porcine plasma feed during the forecast period.
Key Industry Players
Major companies operating in the porcine plasma feed market report 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
The porcine plasma feed market report table of contents includes:
1. Executive Summary
2. Porcine Plasma Feed Market Characteristics
3. Porcine Plasma Feed Market Trends And Strategies
4. Porcine Plasma Feed Market – Macro Economic Scenario
5. Global Porcine Plasma Feed Market Size and Growth
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32. Global Porcine Plasma Feed Market Competitive Benchmarking
33. Global Porcine Plasma Feed Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Porcine Plasma Feed Market
35. Porcine Plasma Feed Market Future Outlook and Potential Analysis
36. Appendix
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