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How Will the Plasma Powder Market Grow Over the Forecast Period Based on Its Expected CAGR?

The plasma powder market has witnessed strong growth in recent years. It is forecasted to increase from $3.04 billion in 2024 to $3.2 billion in 2025, at a CAGR of 5.4%. The historical growth of this market has been supported by advancements in material science, the rise of surface modification techniques, growing demand for advanced coatings, expansion in the semiconductor and electronics industries, and innovations in medical and biomedical applications.

The plasma powder market is set for strong growth, with expectations to reach $4.03 billion by 2029 at a CAGR of 5.9%. Growth drivers include advancements in nanotechnology, catalytic application research, integration into smart materials, utilization in 3D printing, and increasing demand in biomedical engineering. Trends likely to shape the market include plasma-polymer composite materials, hybrid additive manufacturing processes, customizable smart coatings, bioresorbable implants, and applications in 5G technology.

What Drivers Are Shaping the Growth of the plasma powder Market?

The rising demand for high-quality protein feeds is expected to drive the growth of the plasma powder market in the coming years. As the consumption of quality feed increases for pets and domestic livestock, plasma powder plays a key role in enhancing the nutritional value of animal feed. For example, in January 2022, the American Feed Industry Association, a U.S.-based non-profit organization, projected that U.S. animal feed would grow by around 2.5% annually, reaching 254.6 million tons valued at $48.8 billion by 2025. Therefore, the demand for high-quality protein feeds is fueling the plasma powder market’s growth.

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Who Are the Dominant Players Expanding Their Reach in the Plasma Powder Market?

Major companies operating in the plasma powder market include:

• Takeda_x000D_

• CSL Behring_x000D_

• Darling Ingredients_x000D_

• Grifols_x000D_

• Octapharma_x000D_

What Are the Top Trends Shaping the Evolution of the Plasma Powder Market?

Product innovation is a prominent trend in the plasma powder market. Companies in this market are focused on launching new products to maintain their competitive position. For instance, in February 2023, Octapharma AG, a Switzerland-based pharmaceutical company, received European Union (EU) approval for OctaplasLG powder, a lyophilized (freeze-dried) form of their established plasma for transfusion. This new product will be marketed in Europe as a powder and solvent solution for infusion. OctaplasLG powder is a pharmaceutical-grade human plasma product, offering standardized quality and high pathogen safety, achieved through Octapharma’s integrated pathogen elimination and inactivation methods.

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How Are Market Segments in the Plasma Powder Industry Positioned for Long-Term Growth?

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

Subsegments:

1) By Bovine: Bovine Serum Powder, Bovine Plasma Protein

2) By Porcine: Porcine Serum Powder, Porcine Plasma Protein

3) By Ovine: Ovine Serum Powder, Ovine Plasma Protein

4) By Other Sources: Equine (Horse), Avian (Chicken), Other Animal Sources

Which Regions Are Setting the Pace for Plasma Powder Market Growth?

North America was the largest region in the plasma powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Defining Features of the Plasma Powder Market?

Plasma powder is a protein-rich ingredient derived from the spray-drying of plasma, commonly used to enhance the nutritional value and promote growth in animal diets. Besides being good for the health and well-being of pets by being a good source of protein, it also ensures the juiciness, elasticity, and softness of chunks and pate.

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