Serum Market Intelligence

Industry Outlook & Drivers

Global Market Outlook on Serum 

• 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

Impact of COVID-19 on FBS 

• 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

Serum Market Overview 

• 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

Industry Drivers and Constraints

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