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Global Bovine Blood Plasma Derivatives Market to Grow at 6% CAGR through 2025

Press release Description

Albany, New York, April 18, 2018: A new research study titled “Bovine Blood Plasma Derivatives Market – Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global bovine blood plasma derivatives market is likely to grow at nearly 6% CAGR through 2025, and reach a valuation of over US$ 2 Bn by the end of the forecast period.

According to the research study, the global bovine blood plasma derivatives market continues to be highly fragmented in nature. A number of players in the market account of relatively small revenue shares of the market. Some of the key players in the market include Proliant Inc., Rocky Mountain Biologicals Inc., Thermo Fisher Scientific, Inc., LAMPIRE Biological Laboratories, Kraeber & Co GmbH, Bovogen Biologicals Pty Ltd., Inc., Sigma-Aldrich Co. (Merck KGaA), Auckland BioSciences Ltd., and Lake Immunogenics, Inc.

According to the report, key players in the market are focusing on expanding their geographical presence and tapping into the lucrative opportunities emerging in developing countries in Asia Pacific and Latin America. The focus has shifted to understanding the country-specific regulations and guidelines pertaining to the use of bovine blood plasma, so that a successful market foray strategy can be developed. Manufacturers are also focusing on strengthening their distribution networks to take advantage of the gaps in supply and demand.

The demand for bovine blood plasma is growing in the food and beverage industry on account of surging demand for nutritious products and services. Over the years, consumers have shown a marked preference towards food products high in nutrients. This has forced food and beverage manufacturers to scour for feasible ingredients and alternatives. These factors have led to growing demand for bovine blood plasma derivatives in the food and beverage industry.

On the basis of region, North America is likely to remain one of the most lucrative markets for bovine blood plasma derivatives. The demand for bovine blood plasma in North America is concentrated in the US. Steady demand from the food and beverage industry in the US is one of the key factors for the growth of the market in the region. In addition to North America, demand is also likely to grow at a significant pace in Europe. Many food and beverage manufacturers in Europe are steadily adopting bovine blood plasma derivatives to boost their product offerings. Key companies in the market can also expect a steady stream of opportunities to emerge from developing countries in Asia Pacific.

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