Plasma powder is a protein concentrate that adds value to the pet food formulation. It enhances the quality of each formula that ensures a uniform and desired texture. Due to its numerous biological and physical properties, plasma powder increases the softness, elasticity and juiciness of chunks and pate. These powders have a high amino acid profile, immunoglobulins or antibodies, that are great for digestibility and overall health. They are also widely used in the food industry where they help in binding and thickening the gravy. A consistent rise in the number of health-conscious individuals is propelling the demand for ready-to-eat, highly nutritious food products. This aspect coupled with expanding food & beverage industry is nurturing a strong ground for the holistic growth of the plasma powder market in the years to come.
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Advancements in Pharmaceutical Industry to Spur Significant Growth Across Global Plasma Powder Market
Apart from the food industry, plasma powder also finds its application in the pharmaceutical industry. Spray-dried animal plasma is used in tablet formulations and as a binder. The advancements in the pharmaceutical industry such as personalised medicines have also scaled the uptake of plasma powder is this domain. Considering the health benefits for pets, pet manufacturers are advancing towards innovative ingredients including plasma powder. Moreover, plasma-derived medicinal products are substantially being adopted to avoid the causes of diseases being present in blood products. Therefore, the extensive application of plasma powder in the pharmaceutical industry is expected to bolster growth prospects for the global plasma powder market.
Bovine Plasma to Play Instrumental Role in Plasma Powder Market Growth
Bovine plasma is prepared from bovine blood and has numerous benefits such as reducing pollution risks and preventing the loss of a valuable protein source. In food processing industry, the bovine plasma is prominently used as an emulsifier and fat replacer. Additionaly, it is also used in cattle feed products due to its high-protein content and ability to improve interstitial functioning in young calves. Considering the minimized loss of cattle productivity, various cattle feed manufacturers are ramping up the demand for bovine plasma. Apart from that, increased grain productivity, improved fecal score, minor dehydration, and fewer scour days are further propelling the demand for bovine plasma. The rising demand for bovine powder is, thus, expected to unlock new avenues for the plasma powder market.
North America to Sustain Dominance Owing to Increase in Number of Pet Owners
North America has a large number of pet owners which promotes high demand for rich-in-nutrition pet food. The rising popularity of pet ownership and pet-loving lifestyles is further fueling this requirement. Meanwhile, government institutions are implementing regulations restricting antimicrobial growth regulators in livestock feed. In addition, the plasma powder is increasingly being used as a substitute for the low-cost egg in baking food. The cumulative force of these factors is expected to steepen the growth curve for the plasma powder market in North America.
Prominent Market Players
Some of the major players in the global plasma powder market include SARIA Group, Rock Mountain Biologicals, Videos Group, Merck KGaA, Actipro, APC Inc., Darling Ingredients, and Lican Food.
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