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The global albumin market is augmented by large-scale investments aimed at pharmaceutical research and development (R&D) to discover potential applications of various albumin serums in therapeutic and commercial applications. Bovine serum albumin (BSA) is extensively used in immunology, biochemistry, biotechnology applications, and cell culture applications. This is positively impacting the growth of the market. Further, BSA is readily soluble in water and promotes good shelf life. Therefore, it is widely used as an active component in different biological reagents and influenza vaccines, stimulating market growth. The growing usage of BSA in dietary protein for fat reduction and as a biodegradable in the edible food packaging industry is positively influencing the market's overall growth. Apart from this, the market growth can further be associated with advancements in recombinant serum albumin technologies in recent years.
Grifols, S.A. (NASDAQ: GRFS), a leading market player in the global albumin market, recently announced the launch of ALBUTEIN FlexBag™ (Albumin [Human] U.S.P.) in 5% and 25% concentrations in November 2021. The ALBUTEIN Flex Bag features a port that is easy to use and thus minimises bubble accumulation during infusion and easy-to-spike, which avoids the usage of needles. In addition, the FlexBag also has a container that allows for simple storage and greater convenience, with no requirements for vented infusion sets or filters. Such developments by leading market players are propelling the growth of the market.
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The major players in the global albumin market are Akron Biotech, Takeda Pharmaceutical Company Limited, Baxter International, Inc., Biotest AG, Celgene Corporation, Novozymes A/S, CSL Behring, and Grifols, S.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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