Brazil Cell Culture Media Market Size & Outlook, 2023-2030
Brazil cell culture media market, 2018-2030 (US$M)
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Brazil cell culture media market highlights
- The Brazil cell culture media market generated a revenue of USD 72.9 million in 2023 and is expected to reach USD 165.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 72.9 million |
| Market revenue in 2030 | USD 165.1 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global cell culture media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil cell culture media market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 64.3 million by 2030.
Serum-free media was the largest segment with a revenue share of 32.37% in 2023. Horizon Databook has segmented the Brazil cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is a key market for cell culture media in Latin America, accounting for a major share of the market in this region in 2022. Stem cell biology in Brazil has exhibited significant growth in the past decade. For instance, over 130,000 scientists are conducting research in the country, with over 250 being associated with Brazilian Association for Cell Therapy.
Moreover, a supportive regulatory framework allows researchers to work with nonviable embryo originated cells, which makes research on cell lines and testing new molecules significantly easy in Brazil. This is expected to increase the demand for cell culture media in the country.
In addition, increase in cancer research, wherein cell culture media plays a crucial role, is generating novel opportunities. For instance, in October 2019, Center for Cell-Based Therapy (CTC) researchers used CAR T-cell therapy for the treatment of a cancer patient. These factors are anticipated to boost the market in the coming years.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil cell culture media market size, by product, 2018-2030 (US$M)
Brazil Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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