Plasma Powder Market Projected to Reach USD 4.88 Billion by 2032

The global plasma powder market is projected to reach USD 4.88 billion by 2032, with a CAGR of 5%. North America dominates the market, driven by demand for premium pet food formulas and pet owners' preference for plasma powder. The porcine segment had the largest market share in 2022, with the animal feed and pharmaceutical segments dominating the market. Advancements in plasma powder production for various industries are driving market growth. However, elevated manufacturing costs and energy consumption concerns are hindering the market's expansion.