ACF Supplements Market

ACF Supplements Market Snapshot

The global ACF supplements market is anticipated to reach USD 384.5 Billion in 2032. The market is growing rapidly and is said to be valued at USD 163.9 Billion in 2022 and will register at a significant CAGR of 8.9 % during the forecast period from 2022 to 2032.

The demand for ACF supplements is increasing due to innovation and expansion in dietary supplements and pharmaceutical products. ACF stands for animal-free component, also known as an animal-derived component-free supplement. Chemically defined ACF supplements are added to the protein-free cell culture media to initiate cell growth.

Report Attribute	Details
ACF Supplements Market Expected Market Value (2022)	USD 163.9 Billion
ACF Supplements Market Anticipated Forecast Value (2032)	USD 384.5 Billion
ACF Supplements Market Projected Growth Rate (2022-2032)	8.9 % CAGR

With the production of new biopharmaceuticals for therapeutic use and advancements in processing technology, the use of animal-derived components is under continuous scrutiny. The use of animal-derived components in cell culture has a higher risk of contamination such as HIV, BSE, Hepatitis, and BVD.

The global ACF supplements market, which is not of animal origin, is getting extensively popular and significant amongst the manufacturers of bio-therapeutics and biomolecules. The demand for ACF supplements is said to grow in the future as they are being aggressively researched for their use in dietary supplements and pharmaceutical products.

Worldwide, consumers are adopting the vegetarian lifestyle and going vegan due to environmental concerns, personal health, and animal welfare. This shift in preference supports the growth of the ACF supplements market, and the demand for ACF supplements is predicted to increase during the forecast period.

The higher rate of adoption of the ACF supplements due to their health benefits like the low risk of LDL, heart disease, diabetes, blood pressure, and cancer and the advent of social media platforms to share data so that it gains more visibility to the public positively impacts the sales of ACF supplements market. During the forecast period, the global ACF supplements market is said to be driven by the development of energy-rich offerings and clean label ingredients.

What are the Many Factors Propelling the ACF Supplements Market?

The ACF supplements market has received a lot of traction in the industry. The key factors responsible for the growth of the ACF supplements market are the growing development and invention of the pharmaceutical products and dietary supplements are encouraging the demand for ACF supplements and generating a lucrative scenario in the global ACF supplements market.

Owing to the increasing use of social media and other platforms, there is a growing awareness pertaining to animal rights and animal cruelty. This positively influences the growth of the ACF supplements market. This rising social media use has resulted in growing global shortages and price hikes of the supplements derived from animals, such as fetal bovine serum (FBS).

Eventually, this has resulted in more popularity of animal component-free and serum-free supplements, and this is more economical and cost-efficient. The global ACF supplements market growth will boom due to the rising awareness amongst the consumers of dietary supplements and pharmaceutical products and between the manufacturers of these products.

The sales of ACF supplements are also supported by more and more consumption of dietary supplements in western countries such as Canada, the U.S., Germany, the UK., etc., and due to the adoption of western lifestyle the Eastern countries such as China, India, Brazil, Indonesia, etc., have additional market opportunities.

There is a rise in cases of heart problems, diabetes, cognitive impairment, etc.; this has resulted in consumers adopting dietary supplements to stay fit. This is boosting the sales of dietary supplements, and considering the trend for plant-based products and ingredients, the global ACF supplements market will propel during the forecast period.

The growth rate of the ACF supplements market is said to ascend owing to the expanding health and fitness industry and consumer preference for meat alternatives, increasing knowledge around the advantages of proteins and a protein-rich diet.

There is an excessive expense directed toward the research and development activities in the cell culture industry. This is enabling the invention of novel products in the ACF supplements market along with improved functionality such as compatibility with a wide variety of commercially available culture media and increased single-cell cloning efficiency of CHO cells media. ACF supplements comprise recombinant proteins and phenol red, without any animal components, hydrolysates, serum, L-glutamine, etc.

Which are the Key Regions in the ACF Supplements Market?

North America’s market share is higher in the global ACF supplements market, followed by Europe. This is due to the increasing awareness of health and fitness coupled with the higher adoption of vegetarianism. Additionally, consumers are aware of the intake of a nutritious diet and rising concerns related to weight management; these factors will contribute to the growth of the ACF supplements market in this region.

Asia Pacific is anticipated to experience considerable growth in the ACF supplements market during the forecast period owing to excess expenditure for developing natural ingredients, a rise in disposable income, and rapid urbanization. In the Asia Pacific, especially China is said to garner the highest growth rate in terms of production.

Region-wise, the ACF supplements market is anticipated to gain maximum opportunity during the forecast period, specifically in the emerging economies owing to a higher rate of adoption of dietary supplements and pharmaceutical products. The rising ACF supplements consumption is backed by the growing GDP, booming middle-income population, and rising purchasing power.

What is the Competition Landscape in the ACF Supplements Market?

Some of the leading companies operating in the global ACF Supplements market include STEMCELL Technologies Inc., Kerry Inc., StemCell Inc., Xell AG, InVitria, ScienCell Research Laboratories, Inc., HiMedia Laboratories, ZenBio, Biological Industries, PeproTech, Inc.

These market players are focussed on establishing their presence through acquisitions and collaborations. The manufacturing facilities and distribution network of these players are strong across regions. In April 2022, Kerry Inc., a global taste and nutrition giant, announced that they had successfully acquired the USA-based Natreon, Inc., a known supplier of branded Ayurvedic botanical ingredients.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 6.54% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Form, End User, Region
Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC, Turkey, South Africa, North Africa
Key Companies Profiled	STEMCELL Technologies Inc.; Kerry Inc.; StemCell Inc.; Xell AG; InVitria; ScienCell Research Laboratories, Inc.; HiMedia Laboratories; ZenBio; Biological Industries; PeproTech, Inc.
Customization	Available Upon Request

Key Segments Profiled in the ACF Supplements Market

By Form:

• Dry
• Liquid

By End User:

• Pharmaceutical
• Dietary supplements

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

What is the Growth Outlook for the ACF Supplements Market?

The global ACF supplements market is set to secure a CAGR of 6.54% by 2032.

Which Region is set to lead the ACF Supplements Market?

North America is projected to lead the ACF supplements market in the forecast period.

Which are Some of the Renowned Companies in the ACF Supplements Market?

STEMCELL Technologies Inc., Kerry Inc., StemCell Inc., Xell AG, InVitria, ScienCell Research Laboratories, Inc., HiMedia Laboratories, ZenBio, Biological Industries, PeproTech, Inc. and others are some of the renowned companies in the ACF supplements market.