Plasma is a component in blood. When blood cells and platelets are separated of whole blood, the resulting nutrient-rich clear fluid is referred to as plasma. Plasma is naturally found in all foods that contain meat. Though plasma can be isolated from the blood of any animal, it is most common to see porcine (pork) plasma and bovine (beef) plasma used as ingredients in pet food. Plasma offers functional attributes for wet pet foods as well as health benefits for dogs and cats. Plasma is rich in important vitamins and minerals such as vitamin B12, calcium, phosphorus, sodium, chloride, potassium, and magnesium. It is an excellent source of essential amino acids and is superior to other protein sources such as skim milk. Research has shown that the inclusion of plasma in dog food has resulted in improved digestion and decreased fecal output. Also, the proteins found in plasma have unique properties that can be used to give wet pet food its recognizable texture.
The growth of the plasma feed market is derived from high-quality pet food demand and the need to build sustainability in food production and process. The tendency of people to humanize pets and treat them like their family members have added in the high demand for better quality pet food, thereby leading towards the growth of the plasma feed market. Moreover, with the ban on the use of antibiotics, the preference of plasma feed as a suitable replacement for its bioactive and immune-supportive properties, also support its growth.
Major challenges faced by the market include Stringent Global Regulatory Framework for Animal-Based Protein in Ruminant Feed and Low Standard Livestock Production Practices Causing Disease Outbreaks which Can Affect Plasma Manufacturing. However, innovation, mergers & acquisitions, technological improvements, and new products can overcome these challenges leading towards the growth of the plasma feed market.
By source, the plasma feed market is segmented as porcine, bovine, and others. The porcine segment composed of high levels of important albumin and globulin proteins holds a significant share of the market because it can replace a particular amount of weaning pig soybean diet without reducing its performance. It can be used as a replacement for other protein sources.
By application, the plasma feed market is segmented as swine feed, pet feed, aquafeed, and others. The swine feed segment holds a significant share of the market due to its amino acids content.
Geographically, the plasma feed market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia-Pacific region holds a significant share of the market because of a high and increasing demand for livestock and livestock products.
The plasma feed market is highly fragmented with thousands of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include SARIA Group (Daka Denmark A/S), Darling Ingredients Inc, Lauridsen Group Inc., Kraeber & Co GmbH, Lican Food, Veos Group, Rocky Mountain Biologicals, Lihme Protein Solutions, Eccofeed LLC, Feedworks Pty Ltd, and others.
The plasma feed market has been analyzed through the following segments:
The Middle East and Africa