Plasma Powder Market Growth Drivers and Challenges 2023 to 2032

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Plasma Powder Market Size Exceed USD 4.8 Bn by
2032
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Overview of Plasma Powder Market

• Global Plasma Powder Market is set to witness
  rapid expansion between 2023 and 2032, owing to
  the growing pharmaceutical industry and
  increasing drug sales across the globe. As per
  the IBEF statistics, the pharmaceutical and drug
  exports in the country stood at USD 24.60 billion
  in FY22 and USD 24.44 billion in FY21.
• Additionally, consumers from around the world are
  becoming more attentive towards health and
  diseases, which will drive the demand for
  pharmaceutical products. Furthermore, the
  increasing geriatric population and the rising
  number of chronic diseases have increased the
  need for medicines, which will also add impetus
  to the plasma powder market. According to a WHO
  report, between 2015 to 2050, the percentage of
  the world population aged more than 60 years will
  increase from 12 to 22.
• Overall, the plasma powder market has been
  segmented in terms of source, application, and
  region.

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• On the basis of source, the market is likely to
  be characterized by the others segment, which
  primarily includes lamb plasma powder. Lamb
  plasma powder has an excellent scope in pet food
  items such as dog food since it is a
  nutrient-rich substitute for texture-modifying
  ingredients. The increasing number of pets across
  the globe will drive the demand for lamb plasma
  powder during the next decade.
• A survey suggested that approximately 27 of
  adults own a dog in the UK, which has increased
  from 26 in 2021. Besides, it also revealed that
  since the beginning of the COVID-19 pandemic, 24
  of people have taken up pet ownership in the
  country.
• In terms of application, the animal feed segment
  is anticipated to grow at 5 CAGR between
  2023-2032. Since plasma powder is used in a wide
  range of animal feed, increasing livestock across
  the globe is bound to increase its market size in
  the next ten years. Besides, the increasing
  concerns for pet health and nutrition, coupled
  with the growing demand for seafood will also
  propel the plasma powder market growth. According
  to reports, the total fish consumption is
  expected to increase by 16.3 and reach 180
  metric tonnes by 2029.

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• In the regional context, the Europe plasma powder
  market will grow at 4.5 CAGR by 2032 end.
  Consumers are inclined to bakery product
  consumption that have added fiber and protein,
  simultaneously reducing their consumption of
  sugar and calories. As per credible sources, the
  bread consumption patterns differ with the EU,
  with an average consumption accounting for 50 kg
  of bread per person annually. This is anticipated
  to push the demand for plasma powder for food and
  beverage applications in the region.
• Notable participants in the Plasma Powder market
  include Darling Ingredients (Sonac), VEOS, Lican
  Food Rocky Mountain Biologicals, Acontex GmBH,
  Merck KGaA, GRG Enviro Sound Solutions Pvt Ltd,
  Kraeber CO. GmBH, Cargill, Incorporated, Animix
  LLC, Shenzhen Taier, FeedStimulants, Uruguayan
  Animal Proteins, Actipro, and APC

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