QY Research’s new report is a brilliant compilation of thorough research studies on the global bovine blood plasma derivatives market. Titled “Global Bovine Blood Plasma Derivatives Market Report, History and Forecast 2014-2025,” the report brings to light key drivers and restraints influencing the growth of the global market. According to the authors of the report, the global market is foretold to rise at a moderate CAGR of 4.5% during the forecast period 2019-2025. By 2025, the value of the global market is projected to reach US$2.2 Bn, increasing from US$1.6 Bn attained in 2018.
Global Bovine Blood Plasma Derivatives Market: Drivers and Restraints
Industries such as cell culture media and food are providing for a large demand in the global bovine blood plasma derivatives market. Other industries such as cosmetics, medical diagnostics, and pharmaceutical are also creating a strong demand for bovine blood plasma derivatives. Recent developments in distribution networks and the supply chain of the industry are expected to bode well for the global market. In addition, the development of blood processing and collection technologies is anticipated to improve the global market growth.
However, rise in preference for substitutes and tight regulations impacting the export and import of blood products are predicted to put a negative effect on the global market. The challenge of decreased production because of the increase in animal diseases and fluctuations in the prices of animal blood products are prognosticated to arrest the growth of the global market.
Global Bovine Blood Plasma Derivatives Market: Forecast by Segments
The analysts have segmented the global bovine blood plasma derivatives market according to product and application. On the basis of product, the global market is segmented into protein ingredient, fibrinogen, bovine serum albumin, FBS, bovine serum, and others. The report also includes a study on important applications such as feed, industrial production, scientific research, and others.
Global Bovine Blood Plasma Derivatives Market: Forecast by Regions
North America is one of the most important regions for the global bovine blood plasma derivatives market. The US market has played a crucial part in the development of products offered in the global market. In Europe, Germany has exhibited absolute predominance while significantly influencing the growth of the regional market. Italy, France, and the UK are other European countries that are considered important for the regional market growth.
Owing to the high demand for bovine blood plasma derivatives in Southeast Asian countries, India, and China, Asia Pacific is foreseen to play a critical role in the development of the global market.
Global Bovine Blood Plasma Derivatives Market: Key Players
As per the findings of the research study, Bovogen, GE Healthcare, Tissue Culture Biologicals, Merck (Sigma-Aldrich), Atlanta Biologicals, Gemini, Moregate Biotech, and Thermo Fisher are leading players of the global bovine blood plasma derivatives market. Among these, Merck (Sigma-Aldrich), GE Healthcare, and Thermo Fisher are three giant companies operating in the global market. Merck (Sigma-Aldrich) collected a telling market share to become a world leader in the global market.