Porcine Plasma Feed Global Market Opportunities And Strategies To 2032

This report describes and explains the porcine plasma feed market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.

The global porcine plasma feed market reached a value of nearly $1,133.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.3% since 2017. The market is expected to grow from $1,133.6 million in 2022 to $1,397.4 million in 2027 at a rate of 4.3%. The market is then expected to grow at a CAGR of 4.7% from 2027 and reach $1,759.6 million in 2032.

Growth in the historic period resulted from the increased consumer spending on pet food, a ban on the use of antibiotics in many countries and increased investments.

Going forward, the increasing consumption of meat, the increasing adoption of sustainable methods in the feed industry and growth across the food sector globally will drive the market growth. Factors that could hinder the growth of the porcine plasma feed market in the future include reductions in free trade and the Russia-Ukraine war.

The porcine plasma feed market is segmented by type into powder, grain, and other types. The powder market was the largest segment of the porcine plasma feed market segmented by type accounting for 61.9% of the total in 2022. Going forward, the grain market is expected to be the fastest growing segment in the porcine plasma feed market segmented by type, at a CAGR of 4.4% during 2022-2027.

The porcine plasma feed market is segmented by application into swine feed, pet food, aquafeed, and other applications. The swine feed market was the largest segment of the porcine plasma feed market segmented by application accounting for 55.1% of the total in 2022. Going forward, the aquafeed market is expected to be the fastest growing segment in the porcine plasma feed market segmented by application, at a CAGR of 4.4% during 2022-2027.

The porcine plasma feed market is segmented by end-user into farmers, farming organizations, feed additive companies, and animal feed for pets. The farmers market was the largest segment of the porcine plasma feed market segmented by end user accounting for 43.2% of the total in 2022. Going forward, the farmers market is expected to be the fastest growing segment in the porcine plasma feed market segmented by end user, at a CAGR of 4.4% during 2022-2027.

Asia Pacific was the largest region in the porcine plasma feed market, accounting for 41.8% of the total in 2022. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the porcine plasma feed market will be North America and Western Europe where growth will be at CAGRs of 22.3% and 21.6% respectively. These will be followed by the Middle East and Eastern Europe where the markets are expected to grow at CAGRs of 4.9% and 4.1% respectively.

The porcine plasma feed market is fragmented, with a large number of small players. The top ten competitors in the market made up 9.31% of the total market in 2021. This is due to the existence of a number of local players in the market serving customers in particular geographies. Darling Ingredients Inc. was the largest competitor with 2.86% share of the market, followed by Ridley Corporation Limited with 2.35%, APC Proteins with 1.98%, Essentia Protein Solutions with 0.67%, Daka Denmark A/S with 0.43%, Veos Group with 0.31%, West Coast Reduction Ltd with 0.30%, FASA Group with 0.29, FeedWorks Pty. Ltd. with 0.06% and Kraeber & Co Gmbh with 0.05%.

The top opportunities in the porcine plasma feed market segmented by type will arise in the powder segment, which will gain $162.5 million of global annual sales by 2027. The top opportunities in segment by application will arise in the swine feed segment, which will gain $148.4 million of global annual sales by 2027. The top opportunities in segment by end user will arise in the farmers segment, which will gain $118.6 million of global annual sales by 2027. The porcine plasma feed market size will gain the most in China at $49.1 million.

Market-trend-based strategies for the porcine plasma feed market include focusing on product launches, focusing on new nutritional solutions, focusing on new feed additives, strategic partnerships and collaborations and technology advancement.

Player-adopted strategies in the porcine plasma feed market include focus on enhancing specialty ingredients business through strategic acquisitions, strengthening operational capabilities through business expansions, strengthening business operations through securing regulatory approvals, enhancing business operations through the launch of new products and expanding operational capabilities through strategic acquisitions.

To take advantage of the opportunities, the publisher recommends the porcine plasma feed companies to focus on new product launches, increase focus on new nutritional solutions, focus on new feed additives, expand in emerging markets, continue to focus on developed markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users and focus on fast-growing applications.