Wilmington, Delaware, Nov. 23, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s market study, the Global Albumin Market value is estimated at US$ 4.7 billion in 2023 and is expected to rise at a strong CAGR of over 6.4% over the forecast period of 2023-2030.
Market Trends – Analysis by RationalStat and Public Domains:
- Increasing demand for albumin in therapeutics
- Rising non-therapeutic application of albumin
- Development of plant-based albumin
- Rising production of immunoglobulins
Market Definition, Market Scope, and Report Overview
Albumin is a protein that is soluble in water and is found in the blood plasma. It is one of the most abundant proteins in the human body and plays crucial roles in maintaining osmotic pressure, transporting various substances in the blood, and contributing to the regulation of pH. Albumin is produced by the liver and serves as a carrier for hormones, fatty acids, vitamins, and other substances.
As healthcare infrastructure improves and awareness of medical treatments increases in emerging markets, the demand for albumin and related products is growing.
According to a deep-dive market assessment by RationalStat, the global Albumin market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Albumin market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Albumin market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Albumin Market: Segmental and Market Share Analysis
- On the basis of application, the therapeutics segment is projected to account for the largest market share during the forecast period. Due to the growing number of product approvals from national regulatory authorities.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 4.7 billion |
| Market Size Forecast | US$ 7.3 billion |
| Growth Rate | 6.4% |
| Dominant Segment | Therapeutics |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global albumin market include.
- In July 2023, Kedrion Biopharma announced that China's National Institute of Food and Drug Control certified BPL's human albumin product for therapeutic usage in the Chinese market.
Some of the prominent players and suppliers operating and contributing significantly to the global albumin market growth include Baxter International Inc., China Biologic Products, Inc., CSL Limited, Grifols, S.A, Merck KGaA, Novozymes, Octapharma AG, Takeda Pharmaceuticals Inc, Thermo Fisher Scientific, and Ventria Bioscience, among others.
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RationalStat has segmented the global albumin market based on type, application and region
- Global Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
- Human Serum Albumin
- Bovine Serum Albumin
- Recombinant Albumin
- Global Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
- Therapeutics
- Drug Formulation & Vaccines
- Component of Media
- Other
- Global Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
- North America Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Albumin Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Albumin Report:
- What will be the market value of the global Albumin market by 2030?
- What is the market size of the global Albumin market?
- What are the market drivers of the global Albumin market?
- What are the key trends in the global Albumin market?
- Which is the leading region in the global Albumin market?
- What are the major companies operating in the global Albumin market?
- What are the market shares by key segments in the global Albumin market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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