Albumin Market

By Type;

Human Serum Albumin, Bovine Serum Albumin, and Recombinant Albumin

By Form;

Liquid and Lyophilized

By Application;

Drug Delivery, Therapeutics, Culture Media Ingredient, Vaccine Ingredient, and Others

By End-user;

Hospital & Clinics, Pharmaceutical & Biotechnology Industry, and Research Institutes

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn979087788 Published Date: June, 2025 Updated Date: August, 2025

Albumin Market Overview

Albumin Market (USD Million)

Albumin Market was valued at USD 3,998.79 million in the year 2024. The size of this market is expected to increase to USD 5,894.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.


Albumin Market

*Market size in USD million

CAGR 5.7 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.7 %
Market Size (2024)USD 3,998.79 Million
Market Size (2031)USD 5,894.59 Million
Market ConcentrationMedium
Report Pages345
3,998.79
2024
5,894.59
2031

Major Players

  • Baxter International Inc
  • Bristol-Myers Squibb Company
  • Merck KGaA
  • Grifols (Biotest AG)
  • Thermo Fisher Scientific

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Albumin Market

Fragmented - Highly competitive market without dominant players


The Albumin Market is expanding rapidly, driven by its crucial role in treating conditions such as liver disorders, burns, and hypovolemia. More than 60% of albumin use stems from its effectiveness in critical care and emergency settings. Its value as a plasma expander and stabilizer for injectable formulations is increasing steadily.

Biopharma Sector Accelerates Utilization
Biopharmaceutical innovations have elevated albumin’s role in drug formulation and vaccine development. Approximately 45% of its applications are linked to drug delivery systems, where albumin enhances the stability and solubility of therapeutic compounds, making it essential for advanced pharmaceutical formulations.

Albumin’s Role in Diagnostics and R&D
The use of albumin in diagnostic kits and life sciences is increasing, contributing to over 25% of total demand. It serves vital functions in laboratory assays, protein interaction studies, and standardization procedures, making it an indispensable tool for modern bioanalytical applications.

Focus on Compliance and Quality Assurance
Compliance with regulatory benchmarks has become critical in albumin manufacturing. Around 52% of producers have updated production systems to meet evolving quality mandates. With a strong focus on product traceability, purity, and ethical sourcing, the market is positioned for sustained growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Form
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-user
    5. Market Snapshot, By Region
  4. Albumin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for albumin

        2. Advancements in albumin-based drug delivery systems

        3. Rising geriatric population globally

      2. Restraints
        1. High cost

        2. Stringent regulatory requirements

        3. Limited availability of human-derived albumin

      3. Opportunities
        1. Expansion of albumin production capacity

        2. Development of recombinant

        3. Exploration of novel therapeutic applications

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Albumin Market, By Type, 2021 - 2031 (USD Million)
      1. Human Serum Albumin

      2. Bovine Serum Albumin

      3. Recombinant Albumin

    2. Albumin Market, By Form, 2021 - 2031 (USD Million)

      1. Liquid

      2. Lyophilized

    3. Albumin Market, By Application, 2021 - 2031 (USD Million)
      1. Drug Delivery

      2. Therapeutics

      3. Culture Media Ingredient

      4. Vaccine Ingredient

      5. Others

    4. Albumin Market, By End-user, 2021 - 2031 (USD Million)
      1. Hospital & Clinics
      2. Pharmaceutical & Biotechnology Industry
      3. Research Institutes
    5. Albumin Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Baxter International Inc
      2. Bristol-Myers Squibb Company
      3. Merck KGaA
      4. Grifols (Biotest AG)
      5. Thermo Fisher Scientific
  7. Analyst Views
  8. Future Outlook of the Market