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Porcine Plasma Feed Market is anticipated to grow at a CAGR of 5.45% from 2022 to 2028
By: axiom market research & consulting
Porcine plasma feed help to increase feed nutritional quality is a key factor in increased demand for animal feed additives. Porcine plasma has water-binding ability, emulsifying characteristics and palatability owing to this benefits during production process increased demand for it. Growing demand and consumption of livestock-based products like dairy and dairy-based products, meat is driving the growth of the porcine plasma feed market. Plasma feed involve animal-derived plasma proteins as the feed ingredient and due to rise in demand for alternative protein sources in the feed industry boosted the growth of porcine plasma feed market. The growing demand for high quality pet food and rising need to build sustainability in the food production process drives the market for plasma feed. In addition, growing demand for high quality pet food and the trend for the use of natural and bioactive products in the food industry is expected to boost the porcine plasma feed market. Moreover, the increase adoption of sustainable method for food production with rise in disposable income, increase spending on pet food are also accelerate the growth of the porcine plasma feed market.
Acceptance of blood-based products for livestock feed due lack of awareness among consumer also high investment in refining technology at a commercial level will hampered the porcine plasma market growth. Increased cost of raw material required for the final product are another factor hindering the growth of the market.
Growing initiative from livestock and the food industry has created good opportunity for porcine plasma feed market. Moreover, increased disposable income, rising consumer spending on pet food and urbanization are some factor created opportunity for porcine plasma feed market.
MARKET GROWTH CHALLENGES
Government regulation for animal-based protein is a major challenge for the porcine plasma feed market. Moreover, maintaining standard of animal production techniques as low-standard animal product caused disease that is another challenge.
CUMULATIVE GROWTH ANALYSIS
The report provides in-depth analysis of global porcine plasma feed market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for porcine plasma feed in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
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