BOVINE SERUM ALBUMIN MARKET ANALYSIS

Bovine Serum Albumin Market Size and Trends

Global bovine serum albumin market is estimated to be valued at USD 425.1 Mn in 2024 and is expected to reach USD 541.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

To learn more about this report, Request sample copy

Increasing demand from pharmaceutical and diagnostic industries can drive the market growth. Bovine serum albumin is used in vaccine production, drug delivery, cell culture, IV supplements, bioprocessing and diagnostics.

Increasing demand from cell culture applications

Global bovine serum albumin market growth is driven by rising demand from various cell culture applications. Bovine serum albumin plays a vital role in cell culture media as it helps in cell attachment, growth and proliferation. It is universally accepted as the protein of choice for cell culture media across different industries such as biotechnology, pharmaceutical and healthcare. The molecule is approved by regulatory bodies worldwide for cell culture use, owing to its high purity levels and batch-to-batch consistency.

With innovation and advancements in fields such as regenerative medicine, tissue engineering and stem cell research, the area of cell culture applications has expanded multifold over the past few years. More number of biopharmaceutical firms are investing significantly in R&D related to cell-based products and therapies. These are actively focusing on researching different disease platforms with the help of cells and tissues. Cell therapy has emerged as a promising treatment avenue for various chronic and genetic diseases. Growing penetration of cell-based immunotherapy for cancer treatment worldwide has further boosted demand for high-quality cell culture media and their components such as bovine serum albumin.

The COVID-19 pandemic has led to unprecedented focus on vaccine development globally. Many biopharma companies are engaged in developing virus-like particle vaccines, which require extensive cell culture processes. With pandemic related restrictions, researchers have also relied more on cell culture-based assays and experiments instead of animal trials to expedite drug development. This has translated to substantial increase in the quantity of cell culture media being utilized across various R&D facilities worldwide. As bovine serum albumin is the chief protein constituent of most cell culture media formulations, its consumption has increased consistently over the past few years.

Continuous technological upgrades in fields such as regenerative medicine and gene therapy have allowed the clinical translation of complex cell-based products and transplantation involving mesenchymal stem cells, chondrocytes, hepatocytes and others. Growing clinical pipeline of such advanced therapy medicinal products indicates strong commercialization prospects in the near future. This will require stable supply of high-quality raw materials like bovine serum albumin in large volumes to cater to increasing commercial manufacturing needs.

To learn more about this report, Request sample copy

Expanding biopharmaceutical industry

Global bovine serum albumin market growth is driven by the robust expansion of biopharmaceutical industry. Biologics have revolutionized the treatment of various chronic and life-threatening conditions with their high specificity and efficacy. The biologics segment accounts for a significant percentage of the global pharmaceutical sales. Many blockbusters biologic drugs are approaching patent expiration in the following years, which will intensify the worldwide biosimilars market. Both innovator biopharmaceutical firms and their biosimilar counterparts require reliable supply chains for critical raw materials in large commercial quantities.

With rising healthcare expenditures, there has been policy level focus on enhancing access to affordable biologics especially in developing regions. The establishment of required manufacturing infrastructure to facilitate ‘Make in India’ and ‘Make in China’ projects can boost demand for bovine serum albumin from these countries. Life science clusters have emerged as strategic priorities receiving government funding and tax incentives to attract biopharma investments. Many leading global biotech giants have established or expanded their presence in Asia, Latin America and Central & Eastern Europe in order to capitalize on opportunities across emerging biosimilar, vaccine and generic injectable segments.The biopharmaceutical industry is rapidly scaling up capacities to support its diverse and robust pipeline of biologic drugs and vaccines.