"Designing Growth Strategies is in our DNA"
The global albumin market size was valued at USD 6.80 billion in 2024. The market is projected to grow from USD 7.23 billion in 2025 to USD 11.54 billion by 2032, exhibiting a CAGR of 6.9% during the forecast period. North america dominated the albumin market with a market share of 54.71% in 2024.
Albumin is a type of protein produced by the liver, with critical functions, including transporting nutrients in the body and preventing fluid leakage. There are various types of these products, including human serum, recombinant, and bovine serum. It is very useful in drug delivery, wound healing, and treating life-threatening diseases such as hypoalbuminemia. The increasing prevalence of these conditions is fueling demand for research development in this field, thereby fueling global market growth.
Moreover, the increasing focus of market players on investing in the development and commercialization of new products has also been fueling market growth.
Furthermore, market players such as CSL Behring (CSL), Grifols, S.A, and Takeda Pharmaceutical Company Limited have been focusing on partnerships to enhance their product offerings.
Increased Prevalence of Hypoalbuminemia and Other Medical Conditions to Drive Market Growth
The burden of life threatening diseases, such as infections, special liver diseases, and cardiac surgeries, has been growing significantly. These diseases can lead to hypoalbuminemia, which occurs due to either decreased production of albumin in the body or extreme loss of protein through the gastrointestinal tract, skin, or extravascular space. It is the most common disorder in the critically ill and hospitalized patients. This has been fueling the demand for these products, thereby positively impacting albumin market growth.
Moreover, the increasing awareness regarding the efficiency of these products has been fueling its demand, thereby positively impacting market growth.
Therefore, the growing burden of albumin deficit diseases and the increasing awareness regarding effective medical treatment options have been fueling market growth.
Conditions such as cardiac diseases, liver diseases, and other infectious diseases are more common in the elderly population. Therefore, the increasing geriatric population has been fueling the burden of these diseases, thereby fueling the demand for effective treatment.
The growing biopharmaceutical industry has been fueling research and development for effective drug formulation in fields such as oncology and immunotherapy. This factor has fueled the need for these products as a stabilizing agent and carrier in biologics and monoclonal antibody development, fueling market growth. Moreover, the growing healthcare expenditure has also been fueling market growth.
Stringent Government Regulations in Several Countries to Limit Product Adoption
The growing burden of hypoalbuminemia has been fueling market growth. However, certain factors, such as the limited therapeutic products and stringent government regulations, have been limiting the commercialization and adoption of these products.
Furthermore, government bodies do not accept plasma as a starting material unless it meets the safety and quality standards. This contributes to lengthy product approval processes and adds layers of complexity, which may hamper the market's growth to a certain extent.
Increasing R&D for Novel Albumin Products to Enhance its Availability in the Coming Years
The increasing prevalence of life-threatening disorders such as liver infections has fueled the demand for effective products. In order to fulfill this demand, market players have increased their focus on developing and launching novel and effective products.
High Production Costs
The challenges in scaling up production due to the high costs involved in human plasma collection and recombinant protein production limit its adoption in emerging countries.
Issues related to the sourcing of human plasma for albumin production and the limited number of suppliers limit the availability of these products.
Request a Free sample to learn more about this report.
Increased Presence of Recombinant Products in Diverse Application Areas Identified as Key Global Albumin Market Trends
The demand for recombinant albumin is increasing significantly due to its applications in restoring blood volume and replacing lost fluids during accidents, fetal erythroblastosis, serious burn injuries, hypoproteinemia, and surgeries. Compared to human or animal-derived products in terms of purity, recombinant human serum products are hydrophobic, offering excellent ligands-carrying capacity. This has increased their demand in drug delivery applications. Furthermore, prominent players in the global market are focused on several growth strategies, such as mergers and partnerships to strengthen their product portfolio to develop advanced therapies.
In addition, several industry players have focused on the development of blood-free recombinant human serum albumin in recent years. InVitria is one of the companies involved in producing and developing blood-free recombinant human serum albumin. This product eliminates adventitious agents stemming from mammalian-derived serum and serum proteins, ultimately improving patient safety and treatment efficacy. Cellastim S, Exbumin, and Optibumin are some examples of blood-free albumin products manufactured by InVitria.
Furthermore, in disease conditions such as surgery, dialysis, pancreatitis, abdominal infections, liver failure, ovarian disorders caused by bypass surgery, fertility drugs, and other health disorders, recombinant albumin is very helpful in treating low albumin levels. Thus, these factors are expected to fuel market expansion in the coming years.
The COVID-19 outbreak in 2020 positively impacted the global market. This was due to the increasing use of these products in R&D activities, given its ability to avoid surface adsorption, protect from sheer stress, and provide thermal stability to sensitive vaccines. Moreover, the growing R&D initiatives to investigate the effects of albumin on COVID-19 patients have further boosted market growth.
For instance, a study published by NCBI in April 2022 revealed that patients with low levels of albumin were more prone to COVID-19 infections. These patients faced a higher risk of severe respiratory failure, death, and longer hospital stays. Hence, there was a rising need for these injections to maintain adequate levels in the body, thereby driving market growth. However, in 2021, the market experienced slow growth due to limited plasma collection during the early stages of the pandemic. In 2022, the market grew significantly driven by the improved supply of plasma and new product launches
Human Serum Albumin Segment Dominated the Market due to the Increased Number of New Product launches
On the basis of product, the market is segmented into human serum albumin, recombinant albumin, and bovine serum albumin. The human serum segment dominated the market in 2024. The dominance is attributed to factors such as government approvals, new product launches, and increasing sales of drugs for treating hypoalbuminemia. Additionally, increasing government initiatives to promote the production of plasma-derived albumin are expected to propel the segment’s growth in the market.
The bovine serum albumin (BSA) segment held the second-largest market share in 2024. The growth is attributed to the low cost and stable nature of BSA as a protein standard. Additionally, increasing the number of product launches and commercialization initiatives by critical players will propel the segment's growth.
To know how our report can help streamline your business, Speak to Analyst
Increasing Number of New Product Launches is Responsible for the Therapeutic Segment’s Dominance
Based on application, the market is segmented into therapeutics, diagnostics, and research.
The therapeutics segment dominated the global albumin market share in 2024 due to the increased R&D for new product development, expanding therapeutic applications of albumin, and the growing number of new product launches.
The diagnostic segment is anticipated to experience significant growth during the forecast period. The segment's growth is due to the rising prevalence of chronic diseases and the growing need for early and accurate detection of diseases. Moreover, the establishment of new plasma donation and collection centers is expected to propel the manufacturing of albumin-based products, further propelling the growth of the segment in the market.
Hospital & Clinics to be Major Product End-Users Due to Increased Prescription of Drugs from These Medical Centers
Based on end-user, the market is segmented into hospitals & clinics, pharmaceutical & biotechnology industry, and research institutes.
The hospital & clinics segment dominated the global market in 2024, accounting for the maximum share. The segment is expected to grow substantially during the forecast period, attributed to increased albumin-based treatments in hospital settings.
The pharmaceutical & biotechnology industry segment is anticipated to grow at the fastest CAGR during the forecast period. The segment’s growth in the coming years is attributed to the increasing adoption of these products in developing novel therapeutics. Additionally, biopharmaceutical companies are focusing on conducting clinical trials for the development of these products.
The research institutes segment is expected to grow at a considerable CAGR during the forecast period. The segment’s growth is attributed to the increasing number of R&D to enhance the application of recombinant products.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific Albumin Market Size, 2024 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
The Asia Pacific region dominated the global market, generating a market value of USD 3.72 billion in 2024. The market growth in the region is attributed to the growing adoption of plasma-derived therapies in private hospitals with improvements in infrastructure and technology for patients suffering from rare immunodeficiency diseases.
North America accounted for the second-highest market share in 2024. This growth is fueled by higher use of these products in R&D activities, strong demand in the U.S., expanding non-therapeutic applications, rising product approvals, and rise in the plasma collection in the region.
The U.S. accounted for the maximum market share in the North America market in 2024. The rising prevalence of diseases such as hypovolemia, hypoalbuminemia, cardiopulmonary bypass surgery, and hemolytic disease of newborns in the U.S. is projected to drive the growth of the therapeutic segment during the forecast period. In addition, heavy investments in R&D by pharmaceutical industries for various therapeutic applications are likely to drive market growth.
Europe is projected to record considerable growth during the forecast period. The growth in the region is mainly attributed to the strategies adopted by key players, such as establishing plasma fractionation centers, expanding product portfolios, forming mergers & partnerships, and launching new products.
Furthermore, Latin America and the Middle East & Africa accounted for a considerable market share in 2024. The market is projected to grow during the forecast period due to the increased penetration of plasma fractionation facilities to promote product manufacturing and the initiation of R&D activities.
Major Players Focus on New Product Launches to Boost their Market Share
CSL Behring (CSL), Grifols, S.A, and Takeda Pharmaceutical Company Limited are among the major players in the global market, accounting for a maximum portion of the market share in 2024. The strong presence of these companies in the market is attributed to their increased emphasis on developing and launching novel therapeutics.
Moreover, other players in the market, such as Grifols, Kedrion S.p.A., Sartorius AG, and Octapharma AG, among others, have been focusing on getting regulatory approvals for the launch of their products in the market to expand their product portfolio.
The global albumin market analysis report offers a detailed market analysis and overview. The market research report focuses on key aspects, such as competitive landscape, key products, applications, end-users, and regions. Besides this, the global albumin market forecast also provides insights into the market drivers, trends, dynamics, and other key insights. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market in recent years.
To gain extensive insights into the market, Request for Customization
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 6.9% from 2025-2032 |
Unit | Value (USD billion) |
Segmentation | By Product
|
By Application
| |
By End-user
| |
By Region
|
Fortune Business Insights says that the global market value stood at USD 6.80 billion in 2024 and is projected to reach USD 11.54 billion by 2032.
In 2024, the Asia Pacific market value stood at USD 3.72 billion.
The market is expected to exhibit a CAGR of 6.9% during the forecast period of 2025-2032.
By product, the human serum albumin segment led the market.
Increased prevalence of hypoalbuminemia and other medical conditions, rise in the number of plasma fractionation facilities, and increase in plasma collection are some of the major factors driving the markets growth.
CSL Behring (CSL), Grifols, S.A, and Takeda Pharmaceutical Company Limited are the major players in the global market.
Asia Pacific dominated the market in 2024.
New product launches and strategic initiatives, such as mergers and acquisitions are expected to drive the adoption of these products.
Related Reports
US +1 833 909 2966 ( Toll Free )