Press Release

Global Albumin Market to Increase at a CAGR of 6.20% During the Forecast Period of 2024-2032, Aided by Growing Usage of Bovine Serum Albumin in Commercial Applications

Global Albumin Market

According to a new report by EMR titled, ‘Global Albumin Market Report and Forecast 2024-2032’, the market attained a value of more than USD 5.63 billion in 2023. The industry is further expected to grow at a CAGR of 6.20% in the forecast period of 2024-2032 to reach a value of nearly USD 9.67 billion by 2032.

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.


Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Market Analysis by Type, Application, and Region:

  • Based on type, the market can be divided into bovine serum albumin, human serum albumin, and recombinant serum albumin.
  • Based on application, the market can be segmented into drug delivery, therapeutics, culture media ingredients, and vaccine ingredients, among others.
  • The major regional markets for albumin include North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.


Key Findings of the Report:

  • The market is driven by the increasing prevalence of life-threatening cardiac and liver disorders, where HSA is used for therapeutic applications.
  • Rising research exploring the uses of HSA in commercial applications such as drug delivery, vaccination ingredient, and sealant in surgeries are augmenting the market growth.
  • Advancements in nanotechnology for drug development and improvements in protein purification and molecular technologies have been increasing the market growth.
  • The market growth can be associated with the active use of bovine serum albumin in several immunology, biochemistry, and biotechnology applications.


Key Offerings of the Report:

  • The EMR report gives an overview of the global albumin industry for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) markets for types, applications, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.


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.


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


Contact Us:

Expert Market Research
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.