The global market for single-cell protein amounts to USD 8.72 Billion in 2022. The market further anticipated gaining a size of USD 20.64 Billion by 2032. The arcade is likely to gain growth with a CAGR of 9% in the forecast period. The period for assessment in this research is 2022- 2032.
The global shortage of food and feed has prompted researchers to look for means to improve protein production. Single-Cell Protein is dehydrated microbial cell cultures or extracted from pure or mixed cultures of algae, yeast, fungi, and bacteria.
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Key Market Drivers:
The Single-Cell Protein market has experienced significant growth in recent years, primarily driven by the following factors:
a. Growing Population and Protein Demand: As the global population continues to increase, the demand for protein-rich food and feed has also risen. Single-Cell Proteins offer a sustainable and scalable alternative to conventional protein sources like livestock and crops.
b. Environmental Concerns: Traditional livestock farming has significant environmental impacts, such as greenhouse gas emissions, deforestation, and water consumption. Single-Cell Proteins have a smaller environmental footprint and can be produced using fewer resources, making them a sustainable choice.
c. Limited Arable Land and Water Resources: With a finite amount of arable land and water resources available for agriculture, Single-Cell Protein production offers a way to maximize protein yield with minimal land and water usage.
d. Circular Economy and Waste Utilization: The SCP market can leverage waste materials and by-products from various industries as feedstock, contributing to the concept of a circular economy and reducing waste.
3. Applications of Single-Cell Protein: The Single-Cell Protein market has diverse applications across several sectors:
a. Food Industry: Single-Cell Proteins can be used as a direct protein source in food products. They have the potential to serve as ingredients in meat analogs, plant-based protein products, bakery goods, and functional foods.
b. Animal Feed: Single-Cell Proteins are an excellent source of protein for livestock, aquaculture, and pet food. They can supplement or partially replace conventional protein sources like soybean meal or fishmeal.
c. Nutraceuticals and Supplements: The SCP market can cater to the growing demand for protein supplements and nutraceutical products with their high-quality protein content.
d. Pharmaceuticals and Biotechnology: Single-Cell Proteins are used as a crucial ingredient in the production of antibiotics, enzymes, vaccines, and various biotechnological products.
e. Aquaculture: In aquaculture, Single-Cell Proteins can serve as a sustainable feed source for fish and other aquatic organisms, reducing the reliance on wild fish as feedstock.
4. Challenges and Opportunities: While the Single-Cell Protein market shows immense promise, it also faces certain challenges:
a. Consumer Acceptance: Introducing novel protein sources into the mainstream food market requires consumer acceptance. Education and awareness about the benefits of Single-Cell Proteins are essential to gain consumer trust.
b. Regulatory Framework: The SCP market is relatively new, and regulations governing the production and marketing of Single-Cell Proteins may vary across regions. A clear and consistent regulatory framework is necessary to facilitate market growth.
c. Technological Advancements: Ongoing research and technological advancements are vital to improving the efficiency and cost-effectiveness of Single-Cell Protein production processes.
Key Market developments:
The market is expected to gain greater traction in the upcoming year due to rising awareness about health. Consumers are focused on immunity boosters for health benefits. The manufacturers in the ASEAN region have started to take advantage of this opportunity to create nutritional supplements that support high-risk patients. The manufacturers of single-cell protein are taking efforts for generating revenue streams.
The sourcing of high-protein ingredients from sustainable and renewable ingredients is also a challenge that hinders the market growth. There is alarming advancement in the single-cell protein benefits which is considered as a single cell protein. These are used as an alternative to plant-based proteins.
- In May 2017, Angel launched a wholly new semi-dry yeast in a tetra pack form. It is hygienic and easy to use, as it has a reusable top opening. Semi-dry yeast is granule shaped with around 20% moisture and possesses the characteristics of both, fresh and dry yeast.
Market Segmentation:
- By Species :
- Yeast
- Fungi
- Bacteria
- By Feedstock :
- Organic
- Conventional
- By Application :
- Food and beverages
- Fortified Food
- Fortified Beverages
- Animal feed
- Poultry Feed
- Ruminant Feed
- Swine Feed
- Aqua Feed
- Others
- Dietary supplements
- Others
- By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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The market study addresses the following queries related to the global Single-Cell Protein market:
- Which region is likely to account for the maximum market share in 2032?
- What are the most notable advancements in the global Single-Cell Protein market?
- What strategies are players adopting to expand their presence in the global Single-Cell Protein market?
- Which trends are projected to disrupt the Single-Cell Protein market in the upcoming years?
- What will be the Y-o-Y growth of the Single-Cell Protein market between 2022 and 2032?
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