Year | Value |
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2023 | USD 3.89 Billion |
2032 | USD 6.5 Billion |
CAGR (2024-2032) | 5.86 % |
Note – Market size depicts the revenue generated over the financial year
The market for feed additives is estimated to reach $ 6.48 billion by 2032, growing at a CAGR of 5.86% from 2024 to 2032. This growth rate reflects the strong demand for plasma-based feed additives, which are increasingly used in the aquaculture and livestock industries. As the world's population continues to grow, the need for a high-quality source of animal protein is becoming more urgent, further driving the market. A number of factors are driving this growth, including the development of new plasma technology, which can improve the nutritional value of feed, and the growing awareness of the benefits of using plasma feed by livestock breeders. The strategic cooperation of the major players in the industry and the large-scale investment in R & D are driving innovation and expanding the scope of products. The APC, the Axiom Food Company and the Proliant Company are at the forefront of these developments, and they are constantly launching new products and forming new strategic cooperation with other companies to meet the changing needs of the market.
Regional Market Size
Throughout the world, the global market for blood meal is experiencing significant growth, driven by the rising demand for high-quality animal feed and growing awareness of the nutritional benefits of blood meal. In North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America, the market for blood meal is influenced by factors such as trends in livestock production, regulatory frameworks, and consumers’ preferences for sustainable and nutritional feed. Each region offers opportunities and challenges, and innovations in processing and formulation play an important role in shaping the market.
“Did you know that plasma proteins can improve the immune response in livestock, leading to better overall health and productivity?” — Journal of Animal Science
The plasma feed market is currently experiencing a steady growth, owing to the increasing demand for quality animal feed and the increasing awareness of sustainable agriculture. This market is mainly driven by the need for alternative feed sources, which are high in dietary protein, and by regulations promoting the use of food industry by-products. Moreover, the recent technological advances in plasma processing make the feed products more attractive for farmers. The current market penetration of the plasma feed is in the process of being scaled up. Notable examples are companies such as APC, which have established a strong presence in North America and Europe. The main applications of the plasma feed are in the pig and poultry industries, where it is used to improve growth and health. Moreover, the trend towards sustainable agriculture and the government regulations reducing the use of antimicrobials in livestock production have accelerated the use of the plasma feed. The most important technology driving the market is the advanced processing of the plasma feed, which improves the digestibility and nutritional value of the feed.
The world market for plasma feeds is expected to grow at a CAGR of 5.86% from 2023 to 2032, from $3.89 billion to $6.5 billion. This growth is driven by an increasing demand for high-quality animal feed, driven by a growing world population and the resulting need for sustainable sources of animal protein. As a result, livestock producers are increasingly looking for feed efficiency and animal health. This is expected to result in an increased acceptance of plasma-based feeds, which will lead to higher penetration rates in both developed and emerging markets. Also, technological advances and supportive policies will play a major role in shaping the future of the market. The development of the processing of blood components will result in an improved nutritional profile and digestibility of the feed, making it an increasingly attractive feed. In addition, the use of alternative feeds will be promoted by governments. Furthermore, the increasing focus on animal welfare and the growing interest in organic and non-GMO feed will also drive the adoption of blood-based feeds and will position them as an important component of sustainable agriculture in the future.
Covered Aspects:Report Attribute/Metric | Details |
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Market Size Value In 2023 | USD 2.226 Billion |
Growth Rate | 5.23 % (2024-2032) |
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