ACF Supplements Market Opportunities And Forecast Assessment Period, 2019 – 2029 by FMI
ACF Supplements stands for the animal component free supplement, also termed as an animal-derived component free supplement. ACF supplements that are chemically defined are added to the protein-free cell culture media to accelerate cell growth. With the advancements in processing technology and production of novel biopharmaceuticals for therapeutic use, the utilization of animal-derived components is under constant scrutiny. The use of animal-derived components in cell culture have a high risk of contamination such as BSE, HIV, BVD, and Hepatitis. Therefore, supplements that are non-animal origin are getting widely popular and important among the manufacturers of bio-molecules and bio-therapeutics such as ACF supplements. ACF supplements are being researched for their use in pharmaceutical products and dietary supplements.
Innovation and Expansion in the Dietary Supplements and Pharmaceutical Products is Increasing the Sales of ACF Supplements and Creating Positive Scenario in the Global ACF Supplements Market
Awareness about animal cruelty and animal rights have been rising in the world due to the increasing use of social media and other platforms. This has led to the growing worldwide shortages and price hikes of the supplements derived from animals such as foetal bovine serum (FBS). Ultimately it has led to the increasing popularity of the serum-free and animal component-free supplements, which are additionally cost-effective and economic. The global ACF supplements market is driven majorly by the increasing awareness among the consumers of pharmaceutical and dietary supplement products and also among the manufacturers of these products.
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Global market of ACF supplements is driven by the increasing consumption of dietary supplements in Western countries such as the U.S., Canada, U.K., Germany, etc. and is likely to have increased opportunity in the Eastern countries such as India, China, Indonesia, Brazil, etc. due to the adoption of the Western lifestyle. The increasing prevalence of diseases such as diabetes, heart problems, cognitive impairment, etc. is shifting consumers to opt for dietary supplements to stay fit. This is increasing the sales of the dietary supplements and driving the global ACF supplements market, considering the trend for plant-based ingredients and products.
Increasing expenditure on the research and development activities in the cell culture industry is enabling the introduction of new products in ACF supplements market with enhanced functionality such as significantly increased single-cell cloning efficiency of CHO cells media, compatibility with wide variety commercially available culture media. ACF supplements contain recombinant proteins and phenol red, without any animal components, serum, hydrolysates, L-glutamine, etc.
ACF Supplements Market Segmentation
The ACF Supplements market can be segmented on the basis of form and end use.
On the basis of form, the ACF Supplements market can be segmented as:
On the basis of end use, the ACF Supplements market can be segmented as:
- Dietary supplements
ACF Supplements Market: Regional Analysis
At present, North America shares the majority of the global ACF Supplements market, which is followed by European countries. On the other hand, Latin America, Asia, and the Middle East and Africa, are expected to witness the highest growth rate in terms of production over the forecast period, especially China. Region-wise ACF supplements market is expected to have a high opportunity in the future in developing economies due to the increasing rate of consumption of pharmaceutical and dietary supplement products. The increasing consumption is supported by the rise in the GDP, increasing population of middle-class people and their income, and increasing purchasing power.
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ACF Supplements Market: Key Participants
Some of the market participants in the ACF Supplements market are:
- STEMCELL Technologies Inc.
- Kerry Inc.
- StemCell Inc.
- Xell AG
- ScienCell Research Laboratories, Inc.