The fetal bovine serum market is an essential component in research related applications and cell culture processes in the biotechnology arena. Fetal bovine serum acts as a growth supplement that aids in cell attachment, growth and proliferation. It contains proteins, amino acids, lipids, vitamins and growth factors that support cell growth and multiplication. The serum is widely used in various biomedical applications such as development of in-vitro cell culture technologies, stem cell research, therapeutic cloning, tissue engineering, drug discovery and vaccine manufacturing among others. It is derived from blood collected from fetal bovine fetuses that are obtained from cattle slaughterhouses and dairy farms.

The fetal bovine serum market is estimated to be valued at USD 1.86 Bn in 2024 and is expected to reach USD 4.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.

Key Takeaways

Key players operating in the fetal bovine serum market are American Honda Motor Co., Inc., Ariens Company, Briggs Stratton, Deere & Company, Falcon Garden Tools, Fiskars, Husqvarna Group, MTD Product.

Fetal Bovine Serum Market Demand has been witnessing a steady growth owing to rising demand from biopharmaceutical and biotechnology industries for research activities including cell culture, drug development, diagnosis and toxicology testing. The demand is majorly driven by increasing prevalence of chronic diseases globally.

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Global Fetal Bovine Serum Market is poised to reach new heights by 2024