Bovine serum albumin market

Bovine Serum Albumin Market, by Form (Dry and Liquid), by Grade (Technical and Diagnostic Grade, Research/Reagent Grade, and Food Grade), by Application (In Vitro Diagnostics, Vaccine Production, Biochemical Assay, and Others), by End User (Life Science Industry, Food Industry, Research Institutes, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Sep 2021
CMI4636
251 Pages
Excel & Pdf
Biotechnology

Summary

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

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

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.

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.

Table of Content

Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

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)

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics

Drivers
Restraints
Opportunity

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

COVID-19 Epidemiology
Supply and Demand Analysis
Key Developments

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

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)

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)

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)

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)

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

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
Section
- Research Methodology
- About us

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

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- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

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.

What are the major factors driving the market growth?

Factors such as increasing demand for biopharmaceuticals is expected to drive the market growth during the forecast period.

Which is the leading grade segment in the market?

Technical & Diagnostic Grade segment is expected to hold a major market share during the forecast period in the grade segment.

What are the key factors hampering growth of the market?

The major factor hampering growth of the market include rising demand for animal free albumin products.

Which are the major players operating in the market?

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.