Category Opportunities & Risks
Cost Analysis and Expected Savings
Impact of COVID-19
704,000 Liters
CAGR: Apprx. 4–5 percent
CAGR: Apprx. 5 percent
Category Intelligence on Serum covers the following
Supply market for FBS is split across the US, Australia, Brazil, etc. The US contributes to the highest market share, which is greater than Australia and New Zealand
Dual sourcing of FBS is usually followed by major pharmaceutical companies for commercial manufacturing and R&D applications
Suppliers are evaluated for long-term supply assurance and traceability of serum
Usage of South American origin FBS has increased, particularly in the research community
FBS supply and pricing are dependent on several factors, such as environmental, geopolitical, etc. Hence, the supply continuity and price stability may be inconsistent to an extent
Scientists have spent several years in research, trying to find an alternative to FBS, but there is no solid alternative till date
Volume of FBS produced globally in 2020 is estimated to be around 704,000 L. The US, Australia, and Brazil are some of the major regions for FBS production.
The global FBS market is projected to grow at a rate of 4–5percent for the next five years and reach a total volume of nearly 899,000 L by 2025
New Zealand and Australia, having the lowest risk of BSE and TSE, are the most preferred locations for sourcing FBS
Increasing demand for FBS, coupled with slow growth in raw material fetal bovine blood (FBB), is one of the key challenges in the market
Although there is a shift toward artificial serum, there are certain applications for animal-based serum (especially, FBS), which cannot be overseen
Drivers
Demand for FBS has been driven by the rapid growth in the biopharmaceutical industry. Cell culture media has been supplemented by FBS for many decades now
Demand from new regions, like South Korea and other developing countries, is expected to fuel the demand for FBS
FBS sourced from New Zealand and Australia are always preferred over any other serum, since they are free from any risk and assumed to offer better results
Constrains
Due to the certain scientific, ethical and supply challenges, researchers have been forced to identify an alternative for FBS
Supply of FBB is finite and it often affected by factors, like weather pattern, dairy market, cattle cycles, and beef demand•Issues in traceability with the supply chain of FBS is a crucial factor that affects market growth
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