Global Fetal Bovine Serum Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Charcoal Stripped, Chromatographic, Dialyzed Fetal Bovine Serum, Exosome Depleted, Stem Cell, and Others

By Form;

Liquid and Powder

By Application;

Drug Discovery, Cell Culture Media, In vitro Fertilization, Human & Animal Vaccine production, Diagnostics, and Others

By End Users;

Research & Academic Institutes and Industry (Pharmaceutical, Biotechnology, etc.)

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn394129136 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Fetal Bovine Serum Market (USD Million), 2021 - 2031

Fetal Bovine Serum Market was valued at USD 5,705.01 million in the year 2024. The size of this market is expected to increase to USD 8,043.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.0%.


Global Fetal Bovine Serum Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.0 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.0 %
Market Size (2024)USD 5,705.01 Million
Market Size (2031)USD 8,043.59 Million
Market ConcentrationMedium
Report Pages344
5,705.01
2024
8,043.59
2031

Major Players

  • Merck KGaA
  • Thermo Fisher Scientific, Inc
  • GE Healthcare
  • TCS Biosciences Ltd
  • HiMedia Laboratories
  • Atlanta Biologicals, Inc
  • PAN Biotech GmbH
  • Rocky Mountain Biologicals
  • Bovogen Biologicals Pty Ltd
  • Tissue Culture Biologicals

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Fetal Bovine Serum Market

Fragmented - Highly competitive market without dominant players


The Fetal Bovine Serum (FBS) Market is expanding steadily due to the rising focus on biopharmaceutical innovation and cell culture advancements. FBS is a vital component used in a wide range of life sciences applications. With the growth of cell-based research, demand has seen an uptick of over 30%, driven by rising investments in R&D and enhanced adoption in labs and industrial bioprocessing.

Key factors contributing to growth include increasing use in stem cell research, vaccine development, and regenerative medicine. FBS provides an optimal environment for cell proliferation, leading to a 27% boost in lab applications. As pharmaceutical and biotech companies scale up production, demand continues to grow, supported by the global expansion of research and clinical development ecosystems.

Innovation and Progress
Technological innovations in filtration, irradiation, and processing quality have led to improved product consistency. These advancements have driven a 20% increase in usage in regulated environments, where performance and reproducibility are critical. Additionally, enhanced storage and handling methods are supporting wider distribution across the biopharmaceutical value chain.

Market Outlook
The future of the FBS market is being shaped by the need for standardized, high-purity serum that meets global regulatory standards. Demand for ethical, traceable sourcing is growing, and premium-grade FBS now makes up more than 15% of total sales. As research complexity increases, suppliers with advanced quality controls are expected to gain a significant edge in this evolving landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Form
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Users
    5. Market Snapshot, By Region
  4. Global Fetal Bovine Serum Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increased Demand For Cell-Based Research
        2. Growing Biopharmaceutical Manufacturing Activities Globally
        3. Expanding Applications In Stem Cell Therapy
        4. High Demand For Vaccine Development Processes
      2. Restraints
        1. High Risk Of Contamination Issues
        2. Ethical Concerns Over Animal-Derived Sources
        3. Price Volatility In Global Serum Supply
        4. Limited Availability Of High-Quality Sources
      3. Opportunities
        1. Innovation In Serum-Free Alternatives Adoption
        2. Rising Research Funding In Biotechnology Fields
        3. Growing Need For Customized Media Solutions
        4. Expansion In Emerging Economies’ Life Sciences
    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. Global Fetal Bovine Serum Market, By Product, 2021 - 2031 (USD Million)
      1. Charcoal Stripped
      2. Chromatographic
      3. Dialyzed Fetal Bovine Serum
      4. Exosome Depleted
      5. Stem Cell
      6. Others
    2. Global Fetal Bovine Serum Market, By Form, 2021 - 2031 (USD Million)
      1. Liquid
      2. Powder
    3. Global Fetal Bovine Serum Market, By Application, 2021 - 2031 (USD Million)
      1. Drug Discovery
      2. Cell Culture Media
      3. In vitro Fertilization
      4. Human and Animal Vaccine production
      5. Diagnostics
      6. Others
    4. Global Fetal Bovine Serum Market, By End Users, 2021 - 2031 (USD Million)
      1. Research & Academic Institutes
      2. Industry (Pharmaceutical, Biotechnology, etc.)
    5. Global Fetal Bovine Serum 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. Merck KGaA
      2. Thermo Fisher Scientific, Inc
      3. GE Healthcare
      4. TCS Biosciences Ltd
      5. HiMedia Laboratories
      6. Atlanta Biologicals, Inc
      7. PAN Biotech GmbH
      8. Rocky Mountain Biologicals
      9. Bovogen Biologicals Pty Ltd
      10. Tissue Culture Biologicals
  7. Analyst Views
  8. Future Outlook of the Market