Plasma Powder Market to reach USD 4 Bn by 2029 at a growth rate of 4.8 percent over the forecast period

Pune, May 08, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global Food & Beverages market research firm, has published competitive intelligence and market research report on “Plasma Powder Market”. The Plasma Powder market size was valued at USD 2.9 Bn in 2022. The total Plasma Powder Market revenue is expected to grow at a CAGR of 4.8 percent from 2022 to 2029, reaching USD 4 Bn during the forecast period.

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Plasma Powder Market Scope and Research Methodology

The Plasma Powder Market report includes the market size and growth rate along with a thorough regional analysis, competitive landscape and segment-wise analysis of the industry. Key insights provided by the report include the major drivers of the Plasma Powder Market, the challenges faced by the market participants and growth prospects in the Plasma Powder industry across the globe.

Regional analysis of the Plasma Powder industry is conducted at country, regional and global level. This helps clients gain insights into the market penetration of Plasma Powder by region along with factors affecting the same. Segment-wise analysis of the Plasma Powder Market is conducted by Source, Application, Form, and Distribution Channel.

Data for the analysis was collected using primary and secondary research methods for the Plasma Powder Market report. The report is equipped with a competitive analysis of the Plasma Powder Market players. Tools such as SWOT, PESTLE and Porter’s Five Force analysis were used for analysing the Plasma Powder Market. 

Plasma Powder Market Overview

Plasma powder is protein source, and an excellent liquid absorber designed to add value to pet foot with high digestibility. The plasma powder is completely soluble in water after thermal processing. The power helps to improve the quality of each formula with desired structure. It helps to improve the texture of extrudates and provides high-quality animal protein source.

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Increased Research and Development activities to boost the Plasma Powder Market growth

The powder helps to improve the morality of livestock. Technological advancement in manufacturing plasma powder with improved and increased research and development activities for development of new and improved products is expected to boost the plasma powder market growth. The demand for plasma powder has increased for the medical industry with need of high performance materials in medical devices, and is expected to influence the plasma powder market growth.

High production cost of plasma atomization and it with it expensive production process is expected to restrain the plasma powder market growth. Competition from alternative technologies and Lack of standardization may limit the growth of the market.

Asia Pacific region to dominate the Plasma Powder market growth over the forecast period

Asia Pacific region dominated the plasma powder market in 2022 and is expected to continue the dominance over the forecast period. Increased demand for plasma powder from aerospace, automotive, energy, medical, and electronics industry in the region is expected to boost the Asia Pacific regional market growth over the forecast period. China is the largest market for plasma powder in the region due to rapidly growing aerospace and automotive industries in the region.

Increasing demand for high-performance coatings and the growing use of plasma powders in 3D printing and metal injection molding in North America region is expected to boost the regional market growth.

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Plasma Powder market Segmentation

By Source:

Based on Source, Bovine segment dominated the Plasma powder market in 2022 and is expected to continue the dominance over the forecast period. Bovine is widely used in food industry and is expected to dominate the Plasma Powder market over the forecast period. Bovine plasma powder is used to feed cattle in animal industry and is also used as nutritional supplement for humans.

By Application:

• Pet Food
• Pig Feed
• Poultry Feed
• Aqua Feed
• Ruminant Feed
• Human Food
• Others

Based on Application, Animal feed segment is expected to dominate the Plasma Powder market over the forecast period. The choice of powder depends on the requirement of the feed and the production process.

By Form:

By Distribution Channel:

Plasma Powder Key players Include

• Sonac
• British Aqua Feeds
• Lican Food,
• Acontex GmbH
• Otto Chemie Pvt. Ltd.
• Rock Mountain Biologocals
• Haripro
• Veos group
• Merck KGaA
• Saria
• Kraeber & Co GmbH
• Animix LLC
• Uruguayan Animal Proteins
• IQI Petfood

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Key questions answered in the Plasma Powder Market are:

• What is Plasma Powder?
• What was the Plasma Powder market size in 2022?
• What is the expected Plasma Powder market size by 2029?
• What is the growth rate of the Plasma Powder Market?
• Which are the factors expected to drive the Plasma Powder market growth?
• Which segment dominated the Plasma Powder market growth?
• What is the demand pattern for the Plasma Powder market?
• Which region held the largest share in the Plasma Powder market?
• Who are the key players in the Plasma Powder market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by Source, Application, Form, and Distribution Channel
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Bovine Blood Plasma Derivatives Market: The total market size is expected to reach USD 2.58 Bn. By 2029 at a CAGR of 4.3 percent during the forecast period. Increased use of bovine blood plasma derivatives in the food industry, is expected to boost the market growth.

Plasma Feed Market: The total market size was valued at USD 2.42 Bn in 2021 and is expected to reach at USD 3.88 Bn by 2029 at a CAGR of 6.1 percent over forecast period 2022-2029. Growth in demand for high-quality pet food, support from sustainability initiatives across feed is expected to boost the market growth.

Cold Plasma Market: The total market size was valued at USD 2.58 Bn in 2022 and the total Cold Plasma Market revenue is expected to grow at 17.3 percent from 2023 to 2029, reaching USD 7.88 Bn. Use of Cold Plasma in medical therapy is expected to boost the market growth.

Plasma Protein Therapeutics Market: The total market size was valued at USD 26 Bn in 2021 and the total size is expected to grow at a CAGR of 6.29 percent through the forecast period reaching USD 42.36 Bn. Rising Demand for Immunoglobulin (IG), and Rising Indications and Therapeutic Use of Plasma Derived Protein Therapeutics is expected to fuel the market growth.

Animal Blood Plasma Products and Derivatives Market: The total market size is expected to grow at a CAGR of 3.5 percent during the forecast period and is expected to reach USD 2.21 Bn by 2029. Use of plasma protein powder as livestock feed or nutritional supplement, or as a raw material or additive for various food systems is expected to boost the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.