Yahoo Finance Porcine Plasma Feed Global Market Report 2022
Major players in the porcine plasma feed market are APC Proteins, SARIA A/S GmbH & Co. KG, FASA Group, Lican Food, Puretein Agri LLC, Valley Proteins, Inc. , Kraeber & Co Gmbh, Ridley Corporation Limited, West Coast Reduction Ltd.
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Porcine Plasma Feed Global Market Report 2022" - https://www.reportlinker.com/p06325433/?utm_source=GNW
, Nutreco, Lihme Protein Solutions, Ekofood, FeedWorks Pty. Ltd., Darling Ingredients Inc., and Engromix.
The global porcine plasma feed market is expected to grow from $1.06 billion in 2021 to $1.13 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The porcine plasma feed market is expected to grow to $1.46 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%.
The porcine plasma feed market consists of sales of porcine plasma feed by entities (organizations, sole traders, partnerships) that refers to a feed ingredient containing highly digestible proteins, amino acids, and other significant amounts of functional bio active components such as immunoglobulins, transferrin, growth factors, peptides, and other biologically active ingredients used as the mainstay in pigs diet. The primary purpose of porcine plasma is to use as a feed additive in pig food to increase the average growth and maintain pig nutrition.
The main types of porcine plasma feed are powder, grain, and other types.The powder-based porcine plasma feed refers to powder-based feed additives used to enhance performance and health.
Powder-based porcine plasma feed is hygienically obtained and veterinary-approved animal protein that dissolves very easily and has many excellent functional properties. The porcine plasma feed are used for pet food, aquafeed, and other applications and the end-users include farmers, farming organizations, feed additive companies, and animal feed for pets.
North America was the largest region in the porcine plasma feed market in 2021.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 and Africa.
The porcine plasma feed market research report is one of a series of new reports that provides porcine plasma feed market statistics, including porcine plasma feed industry global market size, regional shares, competitors with a porcine plasma feed market share, detailed porcine plasma feed market segments, market trends and opportunities, and any further data you may need to thrive in the porcine plasma feed industry. This porcine plasma feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 the 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 Europe, the annual sales of pet food products increased to 8.5 million tons in 2019, which shows the growth rate of the pet food industry has increased by 2.6% over the past three years. Therefore, increasing consumer spending on pet food is expected to boost demand for porcine plasma feed during the forecast period.
Technological innovation is the key trend gaining popularity in the porcine plasma feed market.The market is witnessing the implementation of advanced technological innovations such as spray-dried porcine plasma, an abattoir by-product used in animal nutrition with reported positive effects in livestock.
Spray-dried porcine plasma is an ingredient with greater nutritional value, as it provides highly digestible protein with an ideal amino acid profile.This spray-dried animal plasma (AP) is widely used to produce animals’ post-weaning diets to improve growth and well-being.
Major companies operating in porcine plasma feed are focused on providing such advanced innovation to strengthen their market position.For instance, in February 2021, Diamond V, a US-based manufactures of natural immune-support postbiotic feed additives, experimented and innovated an old product line into a new product line named Dia-V™, an immune health piglet feed additive used in nursery pig diets.
This Dia-V Nursery fermentate feed additives work with the piglet’s biology that helps maintain immune strength, digestive tissue integrity, and a healthy microbial balance.
In May 2022, Darling Ingredients Inc, a United States-based provider of sustainable natural ingredients, acquired Valley Proteins for an undisclosed amount.With this acquisition, Darling Ingredients Inc is focused on strengthening its business and providing additional low carbon intensity feedstocks.
Valley Proteins is a United States-based rendering and recycling of animal by-products company that offers animal fats and oils, protein meals, and pet food ingredients.
The countries covered in the porcine plasma feed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
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