Bovine Serum Albumin Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4822
Global Bovine Serum Albumin Market is anticipated to show high paced growth in the forecasted period owing to rising research and development activity by manufacturers to introduce new products and grades. For instance, the enzyme grade is getting much traction along with the food-grade where its applications in functional foods have not been explored yet. The use of blood plasma products in the food industry along with advances in bovine blood collection & processing is also anticipated to fuel the growth of bovine serum albumin in the forecasted period.
Bovine serum albumin is a type of albumin which is isolated from cows, it is a great source of essential amino acids and a protein which is used in various biochemical applications. Bovine serum albumin is often used as a standard in protein calibration, as a blocking agent in western blot, ELISA (Enzyme-linked Immunosorbent Assay), and to solubilize lipids. Bovine serum albumin is classified based on its grades such as technical- & diagnostic-grade, reagent/research-grade, and food-grade.
Bovine serum albumin is widely used in research and development from various international research institutes for medical device products, biopharmaceuticals, and vaccines. Whereas, there is a great potential for bovine serum albumin manufacturers to invest more in research and development regarding the application of bovine serum albumin pharmaceutical and vaccine sector. However, the global coronavirus lockdown and weakening in production and supply chain may restrict its growth for a few months.
North America's bovine serum albumin market, led by the U.S., Canada & Mexico is likely to witness significant growth in the predicted timeframe. This trend is attributed to the growing livestock sector, and rising demand for meat and meat products in North America. In 2017, U.S. meat and poultry industry processed 120 million hogs, 10 billion chicken, 2.0 million sheep, & lamps, 30 million cattle and calves, 240 million of turkey which is projected to increase over the forecast period and stimulate product demand.
Increasing application of bovine serum albumin in the pharmaceutical industry is expected to drive its growth in the European countries. Germany, U.K., Italy, France, and Spain, account for combine 20% of the share of the global pharmaceutical market in the year 2019. Whereas, EU5 per capita healthcare expenditure remains high and supportive of innovation and therapies with demonstrated safety and efficiency, which should aid in significant growth of Europe bovine serum albumin Market.
Asia Pacific bovine serum albumin market represents immense potential and is anticipated to grow rapidly in the future, owing to high promotional activity for research and development, entrepreneurial activities, and innovation. Therefore, it exhibits a great opportunity for bovine serum albumin market players to enter into the new region and increase their revenue along with global footprint.
Global bovine serum albumin market consists of various key players such as , Octapharma AG, Novozymes A/S, Thermo Fisher Scientific, Rockland Immunochemicals Inc., BelHealth investment partners, LLC, Sigma-Aldrich Corporation, Prospec-Tany Technogene Ltd., MedxBio Pte. Ltd., Itoham Yonekyu Holdings Inc, and Biotest AG. The presence of multiple players in the global bovine serum albumin market makes it highly fragmented. Manufacturers are focusing on acquisition and collaboration with local, small companies in the market, which aid to increase their production capacity and global reach to consumers.
Bovine Serum Albumin Market, By Grade, 2015-2026 (Tons) (USD Million)
- Technical- & diagnostic-grade
Bovine Serum Albumin Market, By Form, 2015-2026 (Tons) (USD Million)
Bovine Serum Albumin Market, By End-Use, 2015-2026 (Tons) (USD Million)
- Food Industry
- Pharmaceutical Industry
- Research Institute
- Animal Feed Industry
- Poultry Feed
- Pet Food
- Aqua Feed
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- New Zealand
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Octapharma AG
- Novozymes A/S
- Thermo Fisher Scientific
- Rockland Immunochemicals Inc.
- BelHealth investment partners, LLC
- Sigma-Aldrich Corporation
- Prospec-Tany Technogene Ltd
- MedxBio Pte. Ltd.
- Itoham Yonekyu Holdings Inc
- LAMPIRE Biological Laboratories, Inc
- HiMedia Laboratories
- China Biologic Products Inc.
- Proliant Biologicals
- Baxter International, Inc.
- Serion GmbH
- CSL Behring LLC.
- LGC Group
- Kraeber & Co GmbH,
- Mitsubishi Tanabe Pharma
- Rocky Mountain Biologicals Inc.
- Biotest AG
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