According to the analysis of Reports and Data The Bovine Serum Albumin Market is accounted for a value of USD 256.7 Million in 2020 and is projected to grow at a CAGR of 3.2% from 2020, to reach a value of USD 324.9 Million by 2028. Bovine serum albumin has several biochemical applications, including ELISAS (enzyme-linked Immunosorbent Assay), immunoblots, and immunohistochemistry. Because bovine serum albumin could be a small, stable, moderately non-reactive protein, it's often used as a blocker in immunohistochemistry. During immunohistochemistry, this is the process that uses antibodies to detect antigens in cells, tissue sections is usually produced with bovine serum albumin blockers to bind nonspecific binding sites. The BSA blocker improves sensitivity by minimizing background signal because the sites are covered with the moderately non-reactive protein. Bovine serum albumin is employed to stabilize some enzymes during the digestion of DNA and to forestall adhesion of the enzyme to reaction tubes, pipette tips, and other vessels.
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The bovine albumin market is driven by the increasing use of plasma products within the food industry, advances in bovine blood collection and processing, and increased demand for animal meat and animal protein among the human population. Other drivers of the bovine albumin market include widening the scope of animal by-products in cell culture technology, increased demand for bovine serum albumin as an excipient within the pharmaceutical industry, and improvement within the supply chain and distribution network within the global bovine albumin market. Major restraints of the market are a rise in bovine diseases leading to reduced production and an increase in preference for alternative products.
Key companies operating in the global Bovine Serum Albumin market profiled in the report:
- 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)
- Others
The report offers details about each market player along with the global position, financial standing revenue contribution, product portfolio, and business expansion plans. The global Bovine Serum Albumin market is extremely comprehensive and consists of leading players at regional and global levels focusing on adopting various strategies such as partnerships, joint ventures, mergers and acquisitions, collaborations, new product launches and research and development investments.
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The food and beverage industry is rapidly expanding in terms of revenue and is expected to account for lucrative revenue growth between 2021 and 2028 owing to rapid developments in the food and beverage sector, rising demand for high quality food, rapidly expanding global population and constantly changing public preferences. In addition, increasing investments to develop sustainable and eco-friendly products, increasing adoption of veganism and rising consumption of energy drinks, probiotics and increasing demand for packaged food are boosting global market growth.
Asia Pacific is expected to register fastest revenue CGAR throughout the forecast period owing to factors such as increasing consumption of healthy food and food products, emergence of new market players, rising disposable income and increasing demand for meat free and gluten free products.
Market Segmentation:
On the basis of form, the market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Dry
- Liquid
On the basis of grade, the market for bovine serum albumin has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Technical- diagnostic-grade
- Reagent/Research-grade
- Food-grade
On the basis of end user, the market for bovine serum albumin has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Life sciences industry
- Drug delivery
- Cell culture
- Diagnostics
- Research Institutes
- Food industry
- Feed industry
Key questions addressed in the global Bovine Serum Albumin market report:
- Who are the key players operating in the global Bovine Serum Albumin market?
- What are the key outcomes of SWOT analysis and Porter’s Five Force analysis of the global Bovine Serum Albumin market?
- What are the key restraints that are expected to hamper global Bovine Serum Albumin market growth during the forecast period?
- What are the key factors expected to boost global market revenue growth between 2021 and 2028?
- What revenue CAGR is the global Bovine Serum Albumin market expected to register throughout the forecast period?
- Which region is expected to account for dominant revenue share over other regional markets throughout the forecast period?
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