Bovine Serum Market Size is Anticipated to Touch an approximated CAGR of 5.4% During the Forecast Period (2023-2031). Bovine serum, also known as bovine serum albumin (BSA) or Fraction V, is a globular protein derived from cows. It is produced by manipulating the pH, concentrations, salt levels, and temperature of plasma proteins by the Cohn fractionation method.
Bovine serum is a multifunctional protein with exceptional ligand binding capacity and gelling properties. It acts as a carrier for a diverse range of drugs, nutrients, metabolites, metals, and other molecules in the body. BSA’s exceptional properties and stability in biological reactions drive its applications in the clinical, pharmaceutical, and biochemical sectors. Thus, the bovine serum market is expected to grow in tandem with these end-use industries during the forecast period, 2023–2031.
| Report Metric | Details |
|---|---|
| Base Year | 2022 |
| Study Period | 2021-2031 |
| Forecast Period | 2023-2031 |
| CAGR | 5.4% |
| Market Size | USD in Million/Billion |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
| Geographies Covered |
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BSA is extensively used in the healthcare and life science sectors as it functions as a carrier of fatty acids, hormones, metabolites, and vitamins in the blood circulation system. It also helps in maintaining osmotic pressure in the fluid of an organism by controlling salt and water concentrations, which makes it a reliable source of material for protein chemistry, immunoassay, and cell culture applications. These applications drive the demand for BSA in various end-use industries such as food and beverage and husbandry.
The major leaders in the dietary supplements and nutrition industry are focusing on using BSA for the production of various end-products, owing to the rising demand and growing acceptance for natural products across various demographics. Moreover, one of the most commonly used applications of BSA is its use to analyze the concentration of protein in a solution, which drives the demand from laboratories and research institutions around the globe, especially North America.
The bovine serum market is still in the budding stage due to a lack of awareness regarding BSA’s advantages; however, it is anticipated to witness strong growth during the coming years. The consumer inclination toward bio-based products and increasing concerns related to health and hygiene are expected to fuel market growth.
BSA is produced in various formats for use in immunology, biochemistry, and biotechnology. In immunology, BSA is used for conducting various biological tests, including ELISA (Enzyme-Linked Immunosorbent Assay), immunocytochemistry (immunohistochemistry and immunofluorescence microscopy), and immunoblots (western blot and dot blot). In molecular biology, BSA is used for the stabilization of enzymes and considered a blocking reagent. This is because it doesn’t affect the function of the proteins that do not need stabilization. For instance, it is frequently used in stabilizing solubilized proteins such as labile enzymes, and it is also effective in removing toxic substances, including pyrogens, from the blood.
The ability of BSA to increase the stability of proteins in biological testing procedures and the lack of effect in many biochemical reactions have increased the use of the product in the healthcare sector. Moreover, BSA can be easily extracted in large quantities after the purification of bovine blood, owing to which the product is available easily and at a low cost in the market, which is further expected to boost the demand for BSA in the market.
Increasing health and hygiene concerns propel the nutrition and supplement industry. Rising issues related to the ill-health effects associated with the consumption of synthetic proteins have shifted consumer preference to natural protein sources in the last few years. This change in consumer preference has spurred a shift in the nutrition industry from protein powders to a wide range of natural nutritional supplements.
In human anatomy, Insulin-Like Growth Factors (IGFs) are primarily growth-promoting peptides. In the bloodstream, these peptides are bounded to IGF-binding protein (IGFBP), of which six different types exist. These IGFBPs can be obtained from bovine serums; highly purified bovine serum has the IGFBP-3, which is one of the six binding proteins that help in providing the necessary proteins to the body and cell culture applications. Currently, a number of research institutes and life science companies are focusing on developing a product from BSA to meet the rising demand for these products among various end-uses.
North America and Asia-Pacific are expected to dominate the global bovine serum market. Applications in the healthcare sector drive the most significant growth in North America. Additionally, the increasing number of cases of bovine spongiform encephalopathy (BSE) in the region has surged the demand for the product in animal feed. The Asia-Pacific market is fueled by the expanding healthcare sector, supported by favorable initiatives taken by government organizations. China and India are the most significant growth drivers in the region in this regard. A few of the initiatives that promote the growth of the healthcare sector in the region are listed below.
The region’s rapidly rising population and well-established husbandry sector are also expected to contribute to the region’s growth momentum during the forecast period.
The European market holds a prominent share in the global bovine serum market, backed by global players’ investments, shifting preference towards nutrition supplements, increasing health and hygiene awareness, and strong demand for dairy products. The demand for dairy products, in particular, is expected to be a significant contributor to growth. As per the FAO, in 2018, the milk output increased to 226.4 million tons, 0.8% higher than that in 2017. Germany, the U.K., and France are expected to lead market growth in Europe.
Livestock is a cornerstone and a key pillar supporting the national income of several countries in the Middle East and Africa. The utilization of BSA as an alternative source of fodder in desert areas to provide sufficient growth nutrients to cattle in cases where the farmer is unable to cultivate fodder for the cattle is the application that drives the market growth in the region.
Latin America has one of the largest livestock industries across the globe. In 2018, Brazil and Argentina had second and sixth largest cattle inventory, further making the region one of the major exporters of dairy and meat products. The growing demand for dairy and meat has compelled farmers to provide the required nutrition to cattle in order to gain good meat, coat, and dairy products.
