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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Bovine serum albumin (BSA or "Fraction V") is a serum albumin protein, which is extracted from blood plasma of cows. BSA is available in various forms such as powder or liquid for use in immunology, biochemistry and immunology related researchers. BSA’s immunoassay applications include enzyme-linked immunosorbent assay (ELISA), Western blot & dot blot, and immunocytochemistry, which include immunofluorescence microscopy and immunohistochemistry. In microbial and cell cultures, BSA, generally from fetal source are used as source of nutrients. BSA find its application in several market sectors such as agricultural biotechnology, animal breeding, marine biotechnology and aquaculture, food and beverages, chemicals and enzymes, and others.

The global bovine serum albumin market is estimated to be valued at US$ 291.7 million in 2021 and is expected to exhibit a CAGR of 3.1% during the forecast period (2021-2028).

Figure 1.Global Bovine Serum Albumin Market Share (%) in Terms of Value, By Form, 2021

Bovine Serum Albumin  | Coherent Market Insights

Increasing launch of new products is expected to drive the market growth during the forecast period.

The increasing launch of new product lines of bovine serum albumin is expected to propel the global bovine serum albumin market growth during forecast period. For instance, in February 2019, Proliant Biologicals launched its new line of BSA solutions. The product line include a variety of ‘Ultra-high Monomer’ BSA solutions, as well as a number of standard 30% BSA solutions. 

Figure 2.Global Bovine Serum Albumin Market Share (%), By Grade, 2021

Bovine Serum Albumin  | Coherent Market Insights

Key players operating in the global bovine serum albumin market are focusing on adoption of inorganic growth strategies such as acquisitions, which is expected to drive the market growth during the forecast period.

Key companies are focusing on inorganic strategies such as acquisitions, in order to strengthen their product portfolio and this is expected drive growth of the global bovine serum albumin market over the forecast period. For instance, in July 2020, LGC acquired The Native Antigen Company (NAC), a supplier of high quality infectious disease antibodies and antigens. The acquisition expanded LGC's existing product portfolio in the in vitro diagnostics sector, which include a variety of immunoassay reagents, quality assurance tools, probes, and primers for molecular diagnostics.

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Bovine Serum Albumin Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 291.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 3.1% 2028 Value Projection: US$ 361.1 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 Form: Dry, Liquid
  • By Grade: Technical & Diagnostic Grade, Research / Reagent Grade, Food Grade
  • By Application: In vitro Diagnostics, Vaccine Production, Biochemical Assays, Others
  • By End User: Life Science Industry, Food Industry, Research Institutes, Others
Companies covered:

LGC Group, Promega Corporation, Biological Industries, Serion GmbH, Life Sciences Group Ltd., Sisco Research Laboratories Pvt. Ltd., Bovogen Biologicals Pty Ltd., Biophyll GmbH, AusGeneX Pty Ltd., Gemini Bio, Bio-Rad Laboratories,Inc, Merck KGaA, Proliant Biologicals, LLC, Rockland Immunochemicals, Inc., Rockey Mountain Biologicals, LAMPIRE Biological Lab, Inc., Bio-Techne Corporation, Prospec- Tany Technogene Ltd., Kraeber and Co GmbH, Thermo Fisher Scientific Inc., and Canvax.

Growth Drivers:
  • Increasing Demand for Biopharmaceuticals
  • Inexpensive and Stable Nature of Bovine Serum Albumin as Protein Standard
Restraints & Challenges:
  • Increasing Demand for Animal Free Albumin Products

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

The COVID-19 pandemic and lockdown in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one such sectors, which has been majorly impacted by the pandemic.

BSA is used for the manufacture of COVID-19 vaccine, as well as COVID-19 diagnostic tests. This is expected to increase the demand of bovine serum albumin market over the forecast period. For instance, on January 26, 2021, New England Biolabs scientists used BSA for detection of RNA from SARS-CoV-2, through colorimetric Loop mediated isothermal amplification (LAMP) assay. During their study, they found that bovine serum albumin provided faster detection signal as the amplification was faster where BSA was used.

However, the pandemic has also impacted negatively on production, development, and supply of consumables and reagents such as bovine serum albumin and affected businesses of various companies operating in the healthcare sector across the globe. The pandemic has led to closure of industrial establishments, except manufacturing of essential commodities, and disruption in supply chain of medical devices.

Global Bovine Serum Albumin Market: Restraint

The major factor that is expected to hinder growth of the global bovine serum albumin market include increasing demand for animal free albumin products. Animal-free proteins or recombinant proteins offer an alternative to bovine serum albumin (BSA) for researchers concerned about the experimental variables caused by the use of reagents containing trace animal components and mammalian pathogens. Hence, increasing adoption of alternative products such as recombinant proteins over BSA is expected to hamper the market growth over the forecast period.

Key Players

Major players operating in the global bovine serum albumin market include LGC Group, Promega Corporation, Biological Industries, Serion GmbH, Life Sciences Group Ltd., Sisco Research Laboratories Pvt. Ltd., Bovogen Biologicals Pty Ltd., Biophyll GmbH, AusGeneX Pty Ltd., Gemini Bio, Bio-Rad Laboratories Inc, Merck KGaA, Proliant Biologicals, Rockland Immunochemicals, Inc., Rockey Mountain Biologicals, LAMPIRE Biological Lab, Inc., Bio-Techne Corporation, Prospec- Tany Technogene Ltd., Kraeber and Co GmbH, Thermo Fisher Scientific Inc., and Canvax.

Bovine serum albumin (BSA) is protein derived from cows. Bovine serum albumin has negative charge, which binds salts, water, fatty acid, vitamins, and hormones and carries these attached materials between tissues and cells. BSA offers features such as sensitivity, compatibility with common substances in samples (i.e., detergents, etc.), standard curve linearity, and protein-protein variation for reliable, consistent results. It has wide range of commercial uses depending upon the grade, purity, and quality of the product. Currently, BSA is used in various market sectors such as agricultural biotechnology, animal breeding, marine biotechnology and aquaculture, food & beverages, chemicals and enzymes, and others. The growing application of bovine serum albumin in biochemical and life science applications is expected to fuel growth of the global bovine serum albumin market over the forecast period. For instance, in molecular biology, BSA is used to stabilize some restriction enzymes during digestion of DNA and to prevent adhesion of the enzyme to reaction tubes, pipet tips, and other vessels. Moreover, BSA is considered to be a universal blocking reagent in many applications—this is because BSA does not affect the functions of other proteins (enzymes) that do not need it for stabilization.

Market Dynamics

Market players are involved in R&D activities, which is expected to drive growth of the global bovine serum albumin market over the forecast period. For instance, according to the article published in the Advances in Dairy Research Journal: 2020, whey protein consists 5 to 6% of BSA and it is being studied by the researchers, in order to develop a beverage rich in proteins and can be utilized for the treatment of obesity.

Key features of the study:

  • This report provides an in-depth analysis of the global bovine serum albumin market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 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 serum albumin market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, strategies
  • Key companies covered as a part of this study include LGC Group, Promega Corporation, Biological Industries, Serion GmbH, Life Sciences Group Ltd., Sisco Research Laboratories Pvt. Ltd., Bovogen Biologicals Pty Ltd., Biophyll GmbH, AusGeneX Pty Ltd., Gemini Bio, Bio-Rad Laboratories,Inc, Merck KGaA, Proliant Biologicals, LLC, Rockland Immunochemicals, Inc., Rockey Mountain Biologicals, LAMPIRE Biological Lab, Inc., Bio-Techne Corporation, Prospec- Tany Technogene Ltd., Kraeber and Co GmbH, Thermo Fisher Scientific Inc., and Canvax.
  • 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 serum albumin market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have an ease in decision-making through various strategy matrices used in analyzing the global bovine serum albumin market

Detailed Segmentation:

  • Global Bovine Serum Albumin Market, By Form:
    • Dry
    • Liquid
  • Global Bovine Serum Albumin Market, By Grade:
    • Technical and Diagnostic Grade
    • Research/Reagent Grade
    • Food Grade
  • Global Bovine Serum Albumin Market, By Application:
    • In Vitro Diagnostics
    • Vaccine Production
    • Biochemical Assay
    • Others
  • Global Bovine Serum Albumin Market, By End User:
    • Life Science Industry
    • Food Industry
    • Research Institutes
    • Others
  • Global Bovine Serum Albumin Market, By Region:
    • North America
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Form
        • Dry
        • Liquid
      • By Grade
        • Technical and Diagnostic Grade
        • Research/Reagent Grade
        • Food Grade
      • By Application
        • In Vitro Diagnostics
        • Vaccine Production
        • Biochemical Assay
        • Others
      • By End User
        • Life Science Industry
        • Food Industry
        • Research Institutes
        • Others
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • LGC Group *
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Promega Corporation
    • Biological Industries
    • Serion GmbH
    • Life Sciences Group Ltd.
    • Sisco Research Laboratories Pvt. Ltd.
    • Bovogen Biologicals Pty Ltd.
    • Biophyll GmbH
    • AusGeneX Pty Ltd
    • Gemini Bio
    • Bio-Rad Laboratories Inc
    • Merck KGaA
    • Proliant Biologicals, LLC
    • Rockland Immunochemicals, Inc.
    • Rockey Mountain Biologicals
    • LAMPIRE Biological Lab, Inc.
    • Bio-Techne Corporation
    • Prospec- Tany Technogene Ltd.
    • Kraeber and Co GmbH
    • Thermo Fisher Scientific Inc.
    • Canvax

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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By Form
      • Market Snapshot, By Grade
      • Market Snapshot, By Application
      • Market Snapshot, By End User
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Opportunity
    • Impact Analysis
    • Pipeline Analysis
    • Regulatory Scenario
    • Market Trends
    • Key Developments
    • Epidemiology
    • PEST Analysis
    • Brand Analysis
  4. Global Bovine Serum Albumin Market– Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply and Demand Analysis
    • Key Developments
  5. Global Bovine Serum Albumin Market, By Form, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Dry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  6. Global Bovine Serum Albumin Market, By Grade, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Technical and Diagnostic Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Research/Reagent Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Food Grade
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  7. Global Bovine Serum Albumin Market, By Application, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • In Vitro Diagnostics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Vaccine Production
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Biochemical Assay
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
  8. Global Bovine Serum Albumin Market, By End User, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2017 – 2028
      • Segment Trends
    • Life Science Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Food Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Research Institutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
  9. Global Bovine Serum Albumin Market, By Region, 2017 – 2028, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2028
      • Regional Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 – 2028, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Form, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Grade, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Application, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User, 2017 – 2028, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Countries/Region, 2017 – 2028, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • LGC Group
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Promega Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Biological Industries
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Serion GmbH
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Life Sciences Group Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Sisco Research Laboratories Pvt. Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Bovogen Biologicals Pty Ltd.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Biophyll GmbH
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • AusGeneX Pty Ltd
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Gemini Bio
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Bio-Rad Laboratories Inc
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Merck KGaA
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Proliant Biologicals, LLC.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Rockland Immunochemicals, Inc.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Rockey Mountain Biologicals
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • LAMPIRE Biological Lab, Inc
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Bio-Techne Corporation
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Prospec- Tany Technogene Ltd.
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Kraeber and Co GmbH
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Thermo Fisher Scientific Inc
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
      • Canvax
        • Company Highlights
        • Product Portfolio
        • Key Highlights
        • Financial Performance
        • Strategies
    • Analyst Views
  11. Section
    • Research Methodology
    • About us

*Browse 27 market data tables and 31 figures on "Global Bovine Serum Albumin Market” - Global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The global bovine serum albumin market is estimated to be valued at US$ 291.7 million in 2021 and is expected to exhibit a CAGR of 3.1% between 2021 and 2028.
Factors such as increasing demand for biopharmaceuticals is expected to drive the market growth during the forecast period.
Technical & Diagnostic Grade segment is expected to hold a major market share during the forecast period in the grade segment.
The major factor hampering growth of the market include rising demand for animal free albumin products.
Major players operating in the market include LGC Group, Promega Corporation, Biological Industries, Serion GmbH, Life Sciences Group Ltd., Sisco Research Laboratories Pvt. Ltd., Bovogen Biologicals Pty Ltd., Biophyll GmbH, AusGeneX Pty Ltd., Gemini Bio, Bio-Rad Laboratories,Inc, Merck KGaA, Proliant Biologicals, LLC, Rockland Immunochemicals, Inc., Rockey Mountain Biologicals, LAMPIRE Biological Lab, Inc., Bio-Techne Corporation, Prospec- Tany Technogene Ltd., Kraeber and Co GmbH, Thermo Fisher Scientific Inc., and Canvax.
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