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.
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.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Bovine Serum
Albumin market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2028.
Some of the Leading Market Players Are Listed Below:
· 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),
· LGC
Group (UK),
· Promega
Corporation (US),
· Biological
Industries (Israel),
· Serion
GmbH (Germany)
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Market Segmentation:
Bovine Serum Albumin Market Segmentation based on the basis of grade:
- Technical-
& diagnostic-grade
- Reagent/Research-grade
- Food-grade
Bovine Serum Albumin Market Segmentation based on the basis of end user:
- Life sciences
industry
- Drug
delivery
- Cell
culture
- Diagnostics
- Research
Institutes
- Food industry
- Feed industry
Bovine Serum Albumin Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Bovine Serum Albumin Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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