Bovine serum albumin (BSA) is a protein obtained from cows' blood and widely used as blocker in many life sciences applications. It helps reduce non-specific binding in techniques like Western blotting, ELISA, immunohistochemistry,etc. by blocking empty binding sites on plastic or glass. BSA is widely employed as a standard protein or calibration protein in various analytical techniques due to its stability and well-defined structure. The rising drug development activities and growing proteomics research has augmented the demand for BSA.
The Global Bovine Serum Albumin Market is estimated to be valued at US$ 329.59 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Bovine Serum Albumin are LGC Group, Promega Corporation, Biological Industries, Serion GmbH, Life Sciences Group Ltd., Sisco Research Laboratories Pvt. Ltd., Bovogen Biologicals Pty Ltd., Biophyll GmbH, AusGeneX Pty Ltd., Gemini Bio, Bio-Rad Laboratories,Inc.
The growing Bovine Serum Albumin Market Demand from pharmaceutical and biotechnology industries for research activities is driving the bovine serum albumin market. BSA finds wide application in vaccine production, monoclonal antibody development, stem cell research,etc. Moreover, rising drug discovery and lifescience research expenditure is also fueling its consumption.
Key players are expanding globally to strengthen their market presence. Companies are investing in emerging countries in Asia Pacific and Latin America where life science research spending is increasing at a rapid pace. Players are enhancing their production capacities to cater to growing product demand.
Market drivers
Increasing proteomics and genomics research is one of the key drivers of this market. BSA is widely used as control protein in proteomic techniques like two-dimensional gel electrophoresis for protein quantification and separation. It also assists in developing protein microarrays and preparing samples for mass spectrometry. Rising investments in such research activities is augmenting the demand for BSA.
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