Plasma Powder Global Market Report 2024

The plasma powder market size has grown strongly in recent years. It will grow from $2.9 billion in 2023 to $3.07 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historic period can be credited to advancements in material science, the increased utilization of surface modification techniques, heightened demand for advanced coatings, expansion in the semiconductor and electronics industry, as well as significant innovations in the medical and biomedical sectors.

The plasma powder market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The anticipated growth in the forecast period is driven by the integration of emerging nanotechnology, increased exploration in catalytic applications, the incorporation of plasma in smart materials, adoption in 3D printing technologies, and rising demand in biomedical engineering. Notable trends expected in this period encompass the development of plasma-polymer composite materials, the utilization of hybrid additive manufacturing processes, the creation of customizable smart coatings, advancements in bioresorbable implants and coatings, and the application of plasma powder in 5G technologies.

The growth of plasma powder is expected to be propelled by the increasing demand for high-quality protein feeds. The surge in demand indicates a rise in the consumption of premium feed by pets and domestic livestock. Plasma powder, functioning as a vital ingredient, contributes to the health and nutrition of animals. Notably, in March 2021, the American Feed Industry Association projected a 2.5% increase in animal food consumption by 2025, reaching 254.6 million tons valued at approximately $48.8 billion, surpassing the 2020 consumption of 248.4 million tons. The anticipated trajectory suggests a further increase to 263.1 million tons by 2025, underscoring the pivotal role of plasma powder in meeting the escalating demand for high-quality protein feeds.

The growth of the plasma powder market is also expected to be driven by the increase in pet adoption. Pet adoption involves providing a permanent home and care for an animal, typically sourced from animal shelters or rescue organizations. Plasma powder, utilized in pet food as a premium protein source derived from blood plasma, serves as a key component in enhancing the nutritional content of pet diets. As evidenced by data from February 2022 by Chewy Inc., a leading US-based online retailer of pet food products, there were approximately 977,202 pets adopted in the US in 2021, marking the highest adoption rate in the past six years at 61%. This notable surge in pet adoption is a significant factor contributing to the growth of the plasma powder market.

Product innovation stands out as a prominent trend gaining traction in the plasma powder market, with companies actively launching new product lines to secure their market positions. A case in point is Octapharma AG, a Switzerland-based pharmaceutical company, which, in February 2023, secured European Union (EU) approval for its octaplasLG powder. This lyophilized (freeze-dried) form of their established plasma for transfusion represents a noteworthy line extension marketed in Europe as a powder and solvent solution for infusion. OctaplasLG powder, a pharmaceutical-grade human plasma product, ensures standardized quality and outstanding pathogen safety profiles, achieved through Octapharma's integrated pathogen elimination and inactivation concept. This innovation underscores the commitment of companies in the plasma powder market to elevate product offerings through advanced formulations and safety measures.

Major companies operating in the plasma powder market are investing in the development of new pilot spray dryers. These scaled-down versions of industrial spray dryers are instrumental in producing powdered or granulated materials from liquid or slurry feedstocks. Illustratively, in April 2023, RELCO LLC, a US-based food processing equipment company, introduced the Parvus pilot spray dryer tailored for various food applications. The Parvus Nomad, a single-stage dryer for trial batches and smaller production volumes, and the Parvus Multi-Stage, designed for larger production volumes, provide flexibility for initial testing and scalability. This innovation addresses emerging opportunities in markets such as plant protein, fermentation, and collagen. The compact design of the pilot spray dryer caters to space constraints and shipping considerations, making it an agile solution for small-scale and trial needs, showcasing a strategic approach to advancing technology in the plasma powder market.

In May 2022, Darling Ingredients Inc., a US-based sustainable natural ingredients provider, completed the acquisition of Valley Proteins for $1.1 billion. This strategic move by Darling Ingredients Inc. is aimed at strengthening its operations while expanding its range of feedstocks with reduced carbon intensity. Valley Proteins, the acquired company, is a US-based rendering company specializing in animal by-products, including protein meals and ingredients for pet food.

Major companies operating in the plasma powder market report are Takeda, Merck KGaA, CSL Behring, Darling Ingredients, Grifols, Octapharma, Kemin Industries, Kedrion, Valley Proteins Inc., Proliant Biologicals, Lican Food, IQI Petfood, Veos Group, Uruguayan Animal Proteins, Haripro SpA, Lihme Protein Solutions, Proliant Biologicals, Saria SE & Co. KG, Acontex GmbH, APC Inc., British Aqua Feeds, Feed Stimulants, Otto Chemie Pvt Ltd, Shenzhen Taier Biotechnology Co. Ltd, Animix LLC, Kraeber & Co GmbH, Rocky Mountain Biologicals.

North America was the largest region in the plasma powder market in 2023. 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. The countries covered in the plasma powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary sources of plasma powder encompass bovine (related to cattle), porcine (related to pigs), ovine (related to sheep), and other sources. Derived from cattle, bovine-based plasma powder finds applications in various sectors, including food and pharmaceuticals, prized for its nutritional benefits and functional attributes. Available in dry and wet forms, these products are distributed via diverse sales channels, both online and offline, and find utility in a wide array of uses, such as pet food, pig feed, poultry feed, aqua feed, ruminant feed, human food, among others.

The plasma powder research report is one of a series of new reports that provides plasma powder market statistics, including the plasma powder industry's global market size, regional shares, competitors with an plasma powder market share, detailed plasma powder market segments, market trends and opportunities, and any further data you may need to thrive in the plasma powder industry. This plasma powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The plasma powder market consists of sales of spray-dried plasma powder, granulated plasma, highly soluble spray-dried plasma, soluble protein blends, spray-dried red cells, and whole blood powder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.