Plasma Powder Market Poised for Growth, Expected to Reach $3.79 Billion by 2028
The Business Research Company’s Plasma Powder Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, June 17, 2024 /EINPresswire.com/ — Plasma powder, derived from the spray-drying of plasma, is a protein-rich ingredient used to enhance the nutritional value and promote growth in animal diets. It is also known for improving the texture of pet food, ensuring juiciness, elasticity, and softness of chunks and pate.
Market Size: Strong Growth Trajectory
The plasma powder market has experienced robust growth, with a projected increase from $2.9 billion in 2023 to $3.07 billion in 2024, at a CAGR of 5.9%. This growth is driven by advancements in material science, surface modification techniques, demand for advanced coatings, and innovations in the semiconductor, electronics, medical, and biomedical industries.
Driver: Emerging Nanotechnology Integration
In the forecast period, the market is expected to see significant growth, reaching $3.79 billion by 2028, at a CAGR of 5.4%. This growth is attributed to emerging trends such as nanotechnology integration, exploration in catalytic applications, integration in smart materials, adoption in 3D printing, and demand in biomedical engineering.
Sample Report: Explore the Global Plasma Powder Market with a Detailed Sample Report: https://www.thebusinessresearchcompany.com/sample_request?id=12355&type=smp
Impact of Pet Adoption Driving Market Growth
The increase in pet adoption is expected to propel the growth of the plasma powder market. Plasma powder is used in pet food as a high-quality protein source derived from blood plasma, providing essential amino acids and nutrients for pets’ well-being. The rise in pet adoption, such as in the US where there were around 977,202 pets adopted in 2021, is driving the market growth.
Major Players and Product Innovation
Companies like Takeda, Merck KGaA, and CSL Behring are focusing on product innovation to sustain their market positions. For example, Octapharma AG obtained EU approval for its OctaplasLG powder, a lyophilized form of plasma for transfusion, offering standardized quality and exceptional pathogen safety profiles.
Segments
The plasma powder market covered in this report is segmented –
1) By Source: Bovine, Porcine, Ovine, Other Sources
2) By Form: Dry, Wet
3) By Sales Channel: Online, Offline
4) By Application: Pet Food, Pig Feed, Poultry Feed, Aqua Feed, Ruminant Feed, Human Food, Other Applications
Region: Asia-Pacific Leading the Market
North America was the largest region in the plasma powder market in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
Access the Complete Report for an In-Depth Analysis of the Global Plasma Powder Market: https://www.thebusinessresearchcompany.com/report/plasma-powder-global-market-report
Plasma Powder Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Plasma Powder Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on plasma powder market size, plasma powder market drivers and trends, plasma powder market major players, competitors’ revenues, market positioning, and market growth across geographies. The plasma powder market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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