A component of blood is called plasma. As blood cells and platelets are removed from the blood, a clear fluid rich in nutrients is left behind and is referred to as “plasma.” The term “plasma feed” refers to feed products that utilize animal plasma proteins as feed components. The necessary vitamins and minerals included in the plasma feed include calcium, salt, potassium, magnesium, vitamin B12, vitamin P, and vitamin B12. Furthermore, it has been discovered to be more effective than other sources of protein, like skim milk, and to provide an excellent supply of important amino acids.
Market Dynamic Of Plasma Feed- Explained
Research analysts at Extrapolate discovered that the Global Plasma Feed Market Size was estimated at USD 1.76 billion in 2021 and is projected to reach USD 2.20 billion by 2028, recording a CAGR of 3.21% during the projection period. This number is a clear indication that the market is steady for steady growth in the coming years.
Why is There a Pressing Demand For Plasma Feed?
Animal health and the types of proteins used exhibit several market trends. First, highly digestible proteins are becoming more and more crucial because the undigested protein in the gut has the potential to cause bacterial fermentation and pathogen overgrowth, which can negatively impact an animal’s health. The desire to use fewer antibiotics and zinc oxide as preventative measures in animal feed is another issue. These health developments in the market are considerably complemented by plasma feed.
Young animals’ overall performance and mortality are positively impacted by plasma feed’s improved feed palatability and gut health. Plasma feed is regarded as an in-feed substitute for prophylactic antibiotics, and zinc oxide as plasma feed promotes passive mucosal protection against viral and bacterial infections due to the presence of antibodies and other bioactive chemicals. Immunoglobulin G (IgG) and plasma-borne growth factors found in the plasma feed help to reinforce the intestinal barrier and promote gut maturation. Many studies about the use of plasma in various animal species with favorable effects on animal health, mortality, and growth performance can be found in the literature.
The absence of anti-nutritional elements in plasma feed, which have a negative impact on nutrient absorption, is another significant contributor to animal health. Vegetable proteins typically include significant amounts of mycotoxins, which are detrimental to animal health.
Spooling the Drivers
Growing applications from the aquafeed business, expanding desire for plasma feed as contrasted to antibiotics due to their benefits, growing preference for different and high protein feed components, increasing need to adopt sustainable techniques for food production, and elevated plasma feed acceptability in pet food as a result of people’s propensity to treat animals like family members, creating a strong demand for better standard pet food are some of the important and crucial aspects. On the other hand, growing initiatives and support from the livestock and food industries, as well as alterations in dietary habits, urbanization, and economic expansion, will further contribute by creating enormous opportunities that will fuel the expansion of the plasma feed market during the time period covered by the projections.
In the anticipated timeframe specified above, the market expansion of plasma feed will likely be constrained by the rising demand for large capital investments as well as the unpredictability of blood-based products for livestock feed. Strict government controls and subpar livestock production methods will also contribute by creating enormous opportunities that will fuel the market’s expansion.
Over the projected period, it is anticipated that the Asia-Pacific plasma feed market will dominate all other regions. The total meat food market is anticipated to be driven by the Asia-Pacific region’s continually increasing economy, which will also benefit the plasma feed market. The Food and Agricultural Organization (FAO) reports that the region’s market for livestock products has increased in recent years. For instance, the consumption of dairy products increased at a pace of 4% annually while the consumption of meat increased at a rate of 5%. The region’s rising demand for pigs and China’s rising beef consumption are both expected to eventually meet the market supply requirements of producers of plasma feed.
According to PubMed, the livestock sector has been under increasing pressure in recent years to supply the growing market for meat and high-value animal protein. Global livestock consumption is rising due to urbanization, increasing incomes in economically developing countries, and growing population. The consumption of milk, meat, and eggs, which are rising at the expense of staple foods, has been proven to be directly connected with income levels and animal protein consumption.
The Asia-Pacific and Latin American areas are predicted to increase their consumption of meat the most due to changing dietary habits, urbanization, and economic growth. As more and more people become aware of the health advantages of eating fish, the demand for fish is rising quickly. The market for plasma feed is therefore being driven by factors such as rising life expectancy, a limited supply of land and water for the production of animal feed, and an alarming demand for animal-based protein sources.
Increasing Regional Inclination Towards Plasma Feed Market
Almost 88% of the market for North American plasma feed is accounted for by the United States and Mexico. The most popular meats consumed in North America are beef, fowl, and veal. North America represents 28% of the global market in terms of value. Farmers are forced to employ natural ingredients because of the established market in the United States and the high demand for organic meat.
The US Food and Drug Administration outlawed the addition of antibiotics to feed in 2017. Growth promoters are probably not available in the nation as a result of this ban; however, plasma-feed protein sources can be employed as an antimicrobial substitute. The US government’s strict clearance procedures for some feed additives make it challenging to produce and market new goods, which increases the demand for substitutes and the requirement for ingredients for plasma feed.
Conclusion
The plasma feed market has been gaining significant attention in recent years, with the potential to revolutionize the animal feed industry. Plasma feed provides numerous benefits, including improved animal health and performance, enhanced immunity, and reduced reliance on antibiotics. Additionally, the growing demand for high-quality protein and increasing concerns regarding food safety have driven the market’s growth. With continuous research and development in the industry, plasma feed is expected to become a mainstream feed ingredient in the near future. Overall, the plasma feed market presents a promising opportunity for animal feed producers and farmers to improve their livestock production and contribute to a sustainable food system.
