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How has the fetal bovine serum market grown in recent years?

Over the past few years, the market size of fetal bovine serum has experienced substantial growth. The market is projected to expand from $1.02 billion in 2024 to $1.07 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.6%. This growth observed in the historic period is credited to the expansion of the biopharmaceutical industry, the increase in cell-based therapies, and the requirements for quality and consistency.

How is the fetal bovine serum market size expected to evolve during the forecast period?

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Which key drivers are propelling the fetal bovine serum market’s growth?

Anticipated growth in the fetal bovine serum market is likely due to the increasing demand for biopharmaceuticals. Medicinal products derived from biological sources like animals, humans, and microorganisms through biotechnology are called biopharmaceuticals. The most common replacement for animal cell culture media is Fetal bovine serum (FBS). It is extensively used by pharmaceutical companies, diagnostic laboratories, and research organizations for many of their cell culture needs in biologics research. In 2022, there was a substantial increase of 11% YOY in the sales of ProClinical Limited’s pharmaceuticals and vaccines segments, a UK-based life sciences service and consulting company, totaling US$36.15mn. This surge in biopharmaceuticals demand, therefore, is driving the expansion of the fetal bovine serum market.

What are the market segments in the fetal bovine serum industry?

The fetal bovine serum market covered in this report is segmented –

1) By Product: Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, Other Products

2) By Application: Drug Discovery, Cell Culture Media, In Vitro Fertilization, Human And Animal Vaccine Production, Diagnostics, Other Applications

3) By End-User: Research And Academic Institutes, Biotechnology And Pharmaceutical Industry, Other End-Users

Subsegments:

1) By Charcoal Stripped: Standard Charcoal Stripped FBS, Heat-Inactivated Charcoal Stripped FBS

2) By Chromatographic: Ion Exchange Chromatography Purified FBS, Affinity Chromatography Purified FBS

3) By Dialyzed Fetal Bovine Serum: Standard Dialyzed FBS, Heat-Inactivated Dialyzed FBS

4) By Exosome Depleted: Standard Exosome Depleted FBS, Heat-Inactivated Exosome Depleted FBS

5) By Stem Cell: Stem Cell Grade FBS, Knockout Serum Replacement

6) By Other Products: Serum from Specific Animal Breeds, Custom-Processed FBS

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Which leading companies are shaping the growth of the fetal bovine serum market?

Major companies operating in the fetal bovine serum market include Thermo Fisher Scientific Inc., Merck KGaA, Corning Incorporated, Cytiva, VWR International, Sartorius AG, Bio-Techne Corporation, Atlas Biologicals Inc., R&D Systems Inc., Atlanta Biologicals Inc., Cyagen Biosciences, GenClone Inc., Gemini Bio-Products, Access Biologicals LLC, Nucleus Biologics, ZenBio Inc., Biowest, Bovogen Biologicals Pty Ltd., TCS Biosciences Ltd., J R Scientific Inc., Rocky Mountain Biologicals Inc., Tissue Culture Biologicals, Moregate Biotech, Cell Applications Inc., Altogen Biosystems, Axil Scientific Pte Ltd., Animal Technologies Inc., PAN- Biotech, PAA Laboratories GmbH, Peak Serum Inc.

What key trends are currently impacting the fetal bovine serum market’s development?

The fetal bovine serum market is largely dominated by prominent corporations such as Thermo Fisher Scientific Inc., Merck KGaA, Corning Incorporated, Cytiva, VWR International, Sartorius AG, Bio-Techne Corporation, Atlas Biologicals Inc., R&D Systems Inc., Atlanta Biologicals Inc., Cyagen Biosciences, GenClone Inc., Gemini Bio-Products, Access Biologicals LLC, Nucleus Biologics, ZenBio Inc., Biowest, Bovogen Biologicals Pty Ltd., TCS Biosciences Ltd., J R Scientific Inc., Rocky Mountain Biologicals Inc., Tissue Culture Biologicals, Moregate Biotech, Cell Applications Inc., Altogen Biosystems, Axil Scientific Pte Ltd., Animal Technologies Inc., PAN- Biotech, PAA Laboratories GmbH, Peak Serum Inc. These companies play a pivotal role in the dynamics of this marketplace.

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Which geographic areas are influencing the growth of the fetal bovine serum market?

North America was the largest region in the fetal bovine serum market in 2024. Asia-Pacific recorded the fastest growth during the forecast period. The regions covered in the fetal bovine serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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