all report title image
  • Published On : Jan 2023
  • Code : CMI5467
  • Industry : Biotechnology
  • Pages : 156
  • Formats :

Bovine plasma is prepared from pooled bovine blood. It is prepared from the whole blood, which contains anticoagulant, cells, and other blood contents. Then it is centrifuged to remove cells and cellular debris. It contains 3.8% trisodium citrate as an anticoagulant. It undergoes clot testing, proving that the product's clotting factors are active. To determine whether any additional enzymes present are native or denatured, it is not examined. There are several type of bovine supplements used such as bovine colostrum used as a dietary supplement to improves human health and wellbeing and The antioxidant, antibacterial, and antiviral effects of bovine lactoferrin supplements are considered to increase the immune system and regulate immune cell activity.

Global bovine plasma market is estimated to be valued at US$ 811.8 Mn in 2022 and is expected to exhibit a CAGR of 5.8% over the forecast period (2022-2030).

Figure 1. Global Bovine Plasma Market Share (%), by Grade, 2022

Bovine Plasma  | Coherent Market Insights

Global Bovine Plasma Market– Drivers

Increasing number of product availability in the market is expected to drive the global bovine plasma market growth over the forecast period. For instance, on March 22, 2021, Thermo Fisher Scientific, a U.S.-based company that manufactures pharmaceutical and diagnostic products launched the new Gibco Human Plasma-like Medium (HPLM), which is the first cell culture medium in the market that mimics the metabolic profile of human plasma. Gibco HPLM has the same levels of over 60 polar metabolites including amino acids, nucleic acids, sugars, and tiny organic acids, as those found in human plasma.

The increase in the efforts by market players for smooth and consistent supply of key raw materials to ensure quality improvement is expected to boost growth of the global bovine plasma market over the forecast period. For instance, on December 01, 2021, Proliant Biologicals, which is a part of the Proliant group of companies that manufactures protein ingredients for food, health, nutrition and biologicals approved additional raw material suppliers for liquid plasma to manufacture the following stock keeping unit (SKU)’s at the Boone, artificial intelligence (AI) production facility. This agreement will be effective from June 1, 2022.

CMI table icon

Bovine Plasma Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 811.8 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.8% 2030 Value Projection: US$ 1,275.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Grade: Technical, Standard
  • By Origin: U.S., Australia, New Zealand, Others (Brazil, Mexico, etc.)
  • By Application: Cell Culture Media, Vaccine Production, Drug Discovery, Others (Forensic Studies, in vitro diagnostics, etc.)
  • By End User: Biopharmaceutical Industry, Academic & Research Institutes, Others (Diagnostic Laboratories, Forensic Laboratories, etc.)
Companies covered:

Thermo Fisher Scientific, Moregate BioTech, Gemini, Atlanta Biologicals, Tissue Culture Biologicals, Bovogen Biologicals Pty Ltd, Biowest, Internegocios S.A.,  ROCKY MOUNTAIN BIOLOGICALS, Sonac, Innovative Research, Lake Immunogenics.,  Canvax Reagents S.L., Merck KGaA, Cambridge Bioscience Limited, Bio-Techne, VWR International, LLC., Otto Chemie Pvt. Ltd., BioVision Inc, Pel-Freez, LLC, Canvax Reagents S.L., GeneTex, Inc, Cygnus Technologies, Equitech-Bio, and 3H Biomedical AB

Growth Drivers:
  • Increasing  bovine plasma product launch and approvals
  • Increasing focus on continuous quality improvement bovine derived products
Restraints & Challenges:
  • High cost of bovine plasma products

Figure 2. Global Bovine Plasma Market Share (%), by Region, 2022

Bovine Plasma  | Coherent Market Insights

Global Bovine Plasma Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with regard to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the uveitis treatment market, owing to increasing research and development activities is expected to drive the market growth over the forecast period. For instance, on February 18, 2021, a clinical trial was launched by Hospital del Mar Medical Research Institute (IMIM) in collaboration with Hospital del Mar, the University of California-Davis and the University of Texas to analyze bovine-derived immunoglobulin for preventing COVID-19 side effects. The study examines bovine-derived immunoglobulin, which have been demonstrated in animal models to inhibit the development of more severe disease states, the advancement of infection-related inflammation, and post-COVID syndrome.

Global Bovine Plasma Market: Key Developments

On December 27, 2021, an article published in National Library of Medicine, it was found that after acidifying bovine plasma and adding nanofibrillated cellulose (NFC) for reinforcement, films made with ethanol-extracted proteins had greater properties than those seen in the untreated plasma control films. The mechanical and water vapour barrier qualities of these films, which were made with 10% NFC, significantly improved, and their water solubility decreased, without affecting their optical qualities such as light transmittance and transparency index. Additionally, it was discovered that antibacterial substances such as nisin can be easily incorporated into the formulation of these films.

Global Bovine Plasma Market: Restraint

High manufacturing cost of drugs developed from bovine plasma is expected to hinder growth of the global bovine plasma market. For instance, SAB Bio therapeutics, a biotech company, is focused on developing drugs by using genetically engineered cattle to produce large quantities of human antibodies-proteins that helps to remove harmful foreign pathogens from the body—in a rapid fashion that could be used to treat patients suffering from infectious diseases such as Middle East respiratory syndrome (MERS), Ebola, and influenza. The drugs manufactured using this technology could cost around US$ 2,000 per gram. Thus, high cost means that many countries that might benefit most from these drugs might not be able to afford manufacturing them on their own, which is expected to hinder the market growth. 

Global Bovine Plasma Market- Key Players

Major players operating in the global bovine plasma market include Thermo Fisher Scientific, Moregate BioTech, Gemini, Atlanta Biologicals, Tissue Culture Biologicals, Bovogen Biologicals Pty Ltd, Biowest, Internegocios S.A., ROCKY MOUNTAIN BIOLOGICALS, Sonac, Innovative Research, Lake Immunogenics.,  Canvax Reagents S.L., Merck KGaA, Cambridge Bioscience Limited., Bio-Techne, VWR International, LLC., Otto Chemie Pvt. Ltd., BioVision Inc, Pel-Freez, LLC, Canvax Reagents S.L., GeneTex, Inc, Cygnus Technologies, Equitech-Bio, and 3H Biomedical AB

Bovine plasma is extracted from animals belonging to the family Bovidae. This family includes not only cows but goats, sheep, bison and buffalo. Bovine plasma is the liquid component of the whole blood, which is free of cells and cellular debris. It is yellow in color due to presence of bilirubin. It is generally collected from the commercial slaughterhouse from cattle. It has wide range of applications in vaccine production, manufacturing of cell culture media, drug discovery and forensic studies. Bovine blood plasma derivatives are products containing proteins that are obtained from the blood plasma of bovine animals using physico-chemical or other fractionation processes.

Bovine blood plasma include, Factor VIII and IX Concentrate, Anti-Inhibitor Coagulation Complex (AICC), Albumin, immunoglobulins, including Rh Immune Globulin, Anti-Thrombin III Concentrate, and Alpha 1-Proteinase Inhibitor Concentrate. Plasma derivatives are used for protein structure analysis, sequence analysis, and biochemical research. Bovine blood plasma derivatives such as plant-extractable proteins and other artificial nutrient components are exceptional One of the most often used commercially accessible bovine derived protein fractions is bovine immunoglobulin G (IgG).

Market Dynamics

Increasing adoption of inorganic strategies by key players in market such as acquisitions is expected to drive the market growth over the forecast period. For instance, on April 3, 2022 ANZCO Foods, a New Zealand-based manufacturer and supplier of animal serum, proteins and plasma, owned by a Japan-based company Itoham Foods, extended its healthcare capacity with acquisition of a biotech company Moregate Biotech. Moregate biotech is a biotech company that supplies animal by products such as animal sera, protein, and plasma.

Key features of the study:

  • This report provides in-depth analysis of the global bovine plasma market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global bovine plasma market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Thermo Fisher Scientific, Moregate BioTech, Gemini, Atlanta Biologicals, Tissue Culture Biologicals, Bovogen Biologicals Pty Ltd, Biowest, Internegocios S.A., ROCKY MOUNTAIN BIOLOGICALS, Sonac, Innovative Research, Lake Immunogenics.,  Canvax Reagents S.L., Merck KGaA, Cambridge Bioscience Limited.Bio-Techne, VWR International, LLC., Otto Chemie Pvt. Ltd., BioVision Inc, Pel-Freez, LLC, Canvax Reagents S.L., GeneTex, Inc, Cygnus Technologies, Equitech-Bio, and 3H Biomedical AB
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global bovine plasma  market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bovine plasma market

Detailed Segmentation:

  • Global Bovine Plasma Market, By Grade:
    • Technical
    • Standard
  • Global Bovine Plasma Market, By Origin:
    •  U.S.
    • Australia
    • New Zealand
    • Others (Brazil, Mexico, etc.)
  • Global Bovine Plasma Market, By Application:
    • Cell Culture Media
    • Vaccine Production
    • Drug Discovery
    • Others (Forensic Studies, in vitro diagnostics, etc.)
  • Global Bovine Plasma Market, By End User:
    •  Biopharmaceutical Industry
    • Academic & Research Institutes
    • Others (Diagnostic Laboratories, Forensic Laboratories, etc.)
  • Global Bovine Plasma Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Thermo Fisher Scientific *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Moregate BioTech
    • Gemini
    • Atlanta Biologicals
    • Tissue Culture Biologicals
    • Bovogen Biologicals Pty Ltd
    • Biowest, Internegocios S.A.,
    • ROCKY MOUNTAIN BIOLOGICALS
    • Sonac
    • Innovative Research
    • Lake Immunogenics.
    • Canvax Reagents S.L.
    • Merck KGaA
    • Cambridge Bioscience Limited
    • Bio-Techne
    • VWR International, LLC.
    • Otto Chemie Pvt. Ltd.
    • BioVision Inc
    • Pel-Freez, LLC
    • Canvax Reagents S.L.
    • GeneTex, Inc
    • Cygnus Technologies
    • Equitech-Bio
    • 3H Biomedical AB

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global bovine plasma market size is estimated to be valued at US$ 811.8 million in 2022 and is expected to exhibit a CAGR of 5.8% between 2022 and 2030.
Factors such as increasing bovine product launch and approvals and increasing research and development activities are expected to drive the market.
Technical bovine is the leading grade segment in the market. 
The major factors hampering growth of the market include high cost of bovine plasma derived product.
Major players operating in the market include Thermo Fisher Scientific, Moregate BioTech, Gemini, Atlanta Biologicals, Tissue Culture Biologicals, Bovogen Biologicals Pty Ltd, Biowest, Internegocios S.A.,  ROCKY MOUNTAIN BIOLOGICALS, Sonac, Innovative Research, Lake Immunogenics.,  Canvax Reagents S.L., Merck KGaA, Cambridge Bioscience Limited, Bio-Techne, VWR International, LLC., Otto Chemie Pvt. Ltd., BioVision Inc, Pel-Freez, LLC, Canvax Reagents S.L., GeneTex, Inc, Cygnus Technologies, Equitech-Bio, and 3H Biomedical AB.

Related Reports

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo