Life Sciences Industry is Expected to Dominate the Bovine Serum Albumin Market

The global bovine serum albumin market is estimated to be valued at USD 255 million in 2019 and is projected to reach USD 304 million by 2025, recording a CAGR of 3.0%. Due to the growing livestock population and the subsequent increase in demand for blood-derived products, the market for bovine serum albumin is growing.

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Bovine serum albumin (BSA) or Fraction V is a major plasma protein found in bovine blood. It aids in maintaining the pH levels of blood. It is a significant by-product of the meat industry and is majorly extracted from the fetal blood serum. BSA is purified from the serum by way of different purification methods such as cold-organic solvent fractionation, heat shock, and ion-exchange chromatography.

It is also found in milk and whey proteins in varying proportions. This usually occurs due to the leakage of protein from blood serum into the milk as a part of the secretion from mammary glands. BSA is used extensively in various immunology, biochemistry, and biotechnology applications. It is also used in different cell culture applications for protein supplementation and as a small molecule carrier. Some of the significant industries that demand BSA include the pharmaceutical, diagnostic, feed, and food industries.

By end-user, the life sciences industry segment dominated the bovine serum albumin market, of which North America accounted for the largest share because of the growing applications of BSA. The rise in chronic illnesses, rising patient compliance, and the growth of biologicals in North America are seen because of high tobacco consumption, excessive alcohol intake, poor nutrition, and lack of physical activity. In the life sciences industry segment, cell culture, as a subsegment, dominated the market. This is because research on animals is banned, leading to most of the research being conducted on culture media. Blood proteins have emulsifying and foaming properties, which create an opportunity in the food industry.

The feed industry makes extensive use of food derived from animal blood for livestock production due to which the demand for BSA is growing in this sector. Livestock is one of the fastest-growing sectors within the agricultural industry, and it accounts for about 40% of the global value of agricultural production. The growing opportunities for bioactive ingredients in the feed industry are driving the growth of this segment.

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Major players such as Thermo Fisher Scientific (US), Bio-Rad Laboratories, Inc (US), Merck KGAA (Germany), Itoham Yonekyu Holdings Inc (Japan), Proliant Biologicals (US), Kraeber & Co Gmbh (Germany), Rockland Immunochemicals Inc (US), Rocky mountain biologicals (US), BelHealth investment partners, LLC (US), Bio-Techne Corporation (US), Prospec-Tany Technogene Ltd (Israel), and LGC Group (UK), (Singapore) in the bovine serum albumin market are focusing on new product launches, expansions & investments, and mergers & acquisitions, to expand their global footprint.