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Global Albumin Market: By Type: Bovine Serum Albumin, Human Serum Albumin, Recombinant Serum Albumin; By Application: Drug delivery, Therapeutics, Culture Media Ingredients, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Albumin Market Outlook

The global albumin market attained a value of USD 5.3 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 5.24% to reach nearly USD 7.2 billion by 2027.

 

Rising Benefits of HSA for Commercial and Therapeutic Applications Augmenting the Market Growth

The increasing prevalence of fatal diseases related to liver and cardiac disorders that cause hypoalbuminemia are driving the growth of the market. The human serum albumin segment holds a significant share in various therapeutic and non-therapeutic applications owing to robust pharmaceutical research and development (R&D) exploring the several benefits of HSA.

 

Global Albumin Market

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HSA is a protein secreted by the liver and is known to bind with nitric oxide and regulate inflammatory pathways, along with maintaining plasma colloid oncotic pressure. Human serum albumin is widely considered as a plasma replacement therapy, which is a key factor propelling the growth of the market. In addition, the commercial applications of HSA in drug delivery, vaccine ingredients, sealant in surgeries, and coatings for medical equipment are gradually gaining momentum and increasing the market growth. Furthermore, human serum albumin is popularly used in clinical applications for treating burns, shocks, and blood loss. These are some of the factors boosting the overall growth of the market.

Moreover, the market has been benefitting from the research aimed at discovering the benefits of human serum albumin on COVID-19 affected patients in the historical years.

 

Albumin: Market Segmentation

Albumin refers to a protein secreted and circulated by the liver of humans and bovines and is considered as the most abundant protein found in the blood plasma. It serves the crucial purpose of transporting hormones, enzymes, and vitamins throughout the body.

On the basis of type, the market can be divided into:

  • Bovine Serum Albumin
  • Human Serum Albumin
  • Recombinant Serum Albumin

Based on application, the market can be classified into:

  • Drug delivery
  • Therapeutics
  • Culture Media Ingredients 
  • Vaccine Ingredients 
  • Others

The EMR report looks into the regional markets of albumin like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Advancements in Nanotechnology to Increase the Market Growth of Albumin

The market growth of albumin is expected to be driven by the rising research and development (R&D) activities for expanding the applications and uses of bovine, human, and recombinant serum albumin. The rising awareness regarding albumin procedure and improvements in protein purification and molecular separation technology is projected to provide impetus to the market growth in the coming years. Furthermore, the growing use of nanotechnology for drug delivery is anticipated to positively influence the usage of albumin serum as a nano-carrier in drug delivery and other pharmaceutical applications owing to its non-toxic, biocompatible, and biodegradable properties. Hence, these are some of the factors contributing to the overall market growth of albumin.

 

Key Industry Players in the Global Albumin Market

The report presents a detailed analysis of the following key players in the global albumin market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Akron Biotech
  • Takeda Pharmaceutical Company Limited
  • Baxter International, Inc.
  • Biotest AG
  • Celgene Corporation
  • Novozymes A/S
  • CSL Behring
  • Grifols, S.A.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Bovine Serum Albumin, Human Serum Albumin, Recombinant Serum Albumin
Breakup by Application Drug delivery, Therapeutics, Culture Media Ingredients, Vaccine Ingredients, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Akron Biotech, Takeda Pharmaceutical Company Limited, Baxter International, Inc., Biotest AG, Celgene Corporation, Novozymes A/S, CSL Behring, Grifols, S.A., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Albumin Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Albumin Historical Market (2017-2021) 
    8.3    Global Albumin Market Forecast (2022-2027)
    8.4    Global Albumin Market by Type
        8.4.1    Bovine Serum Albumin
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Human Serum Albumin
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Recombinant Serum Albumin
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Albumin Market by Application
        8.5.1    Drug delivery
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Therapeutics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Culture Media Ingredients 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Vaccine Ingredients 
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global Albumin Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Akron Biotech
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Takeda Pharmaceutical Company Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Baxter International, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Biotest AG
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Celgene Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Novozymes A/S
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    CSL Behring
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Grifols, S.A.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global Albumin Market: Key Industry Highlights, 2017 and 2027
2.    Global Albumin Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Albumin Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Albumin Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Albumin Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Albumin Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Albumin Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Albumin Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Albumin Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Albumin Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Albumin Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Albumin Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Albumin Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Albumin Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Albumin Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Albumin Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Albumin Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Albumin Market Structure

Key Questions Answered in the Report

In 2021, the global albumin market attained a value of USD 5.3 billion.

The market is projected to grow at a CAGR of 5.24% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 7.2 billion by 2027.

The market is being driven by the rising use of human serum albumin for non-therapeutic uses, such as drug development and vaccine ingredients. Also, research aimed at exploring the potential benefits of HSA for the treatment of COVID-19 further accelerated the market growth.

The market growth is expected to be defined by advancements in nanotechnology for the purpose of drug development, along with improvements in protein purification and molecular technologies.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of albumin are bovine serum albumin, human serum albumin, and recombinant serum albumin.

The significant applications of albumin include drug delivery, therapeutics, culture media ingredients, and vaccine ingredients, among others.

The major players in the industry 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.

Analyst Review

The global albumin market attained a value of USD 5.3 billion in 2021, driven by the rising benefits of HSA on commercial and therapeutic applications. Aided by advancements in nanotechnology for drug development, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.24%. The market is projected to reach about USD 7.2 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market can be divided into bovine serum albumin, human serum albumin, and recombinant serum albumin. On the basis of application, the market can be segmented into drug delivery, therapeutics, culture media ingredients, and vaccine ingredients, among others. The major regional markets for albumin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Akron Biotech, Takeda Pharmaceutical Company Limited, Baxter International, Inc., Biotest AG, Celgene Corporation, Novozymes A/S, CSL Behring, and Grifols, S.A., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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