PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485802
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485802
Single Cell Protein Market size was valued at USD 16,567.47 Million in 2023, expanding at a CAGR of 19.5% from 2024 to 2032.
Single Cell Protein (SCP) refers to protein obtained from single-celled microorganisms like bacteria, yeast, fungi, and algae. These microorganisms can be cultivated on various substrates like agricultural waste, industrial by-products, or even specially designed media. With the world population continually rising, there's a growing demand for sustainable protein sources to meet dietary needs. However, consumer perception and acceptance of SCP as a food or feed ingredient may pose challenges due to concerns about taste, safety, and ethics. Furthermore, SCP can be used as a protein ingredient in various food products, including snacks, beverages, and meat substitutes, presenting opportunities for market expansion.
Single Cell Protein Market- Market Dynamics
O Increasing consumption of protein in animal farming & breeding
The rising consumption of single-cell protein (SCP) in animal farming and breeding reflects a growing trend towards sustainable and efficient protein sources. In October 2022, the National Medicine Library (NIH) announced that Single-Cell Protein production will be used as a strategy to reincorporate food waste and agro by-products back into the processing chain, which will help in the circular economy. In addition, according to the Food & Agriculture Organization of the United Nations, proteins made from single-cell organisms are being produced in growing quantities for aquafeeds. Also, there are aquafeed producers in Asia, Europe and North America leading this field. Therefore, the increasing consumption of single-cell protein in animal farming and breeding aligns with the growing need for sustainable and efficient solutions to meet the rising global demand for animal products while minimizing environmental impact and ensuring food security.
Single Cell Protein Market- Key Insights
v As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 19.5% over the forecast period (2024-2032)
v Based on source segmentation, algae was predicted to show maximum market share in the year 2023
v Based on application segmentation, animal feed was the leading type in 2023
v Based on region, North America was the leading revenue generator in 2023
The Global Single Cell Protein Market is segmented based on Source, Application, Feedstock, and Region.
The market is divided into four categories based on source: Bacteria like Escherichia coli and Bacillus subtilis are often used due to their rapid growth rates and well-understood genetics, while yeast species such as Saccharomyces cerevisiae are also popular because of their ability to efficiently convert various substrates into protein.
The market is divided into two categories based on application: SCP can be used as a protein source in aquaculture feeds for fish and shellfish. It provides essential amino acids and nutrients necessary for growth, reproduction, and overall health in aquatic species. It helps in meeting the protein requirements of poultry birds and supports optimal growth and egg production.
Single Cell Protein Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
There has been a 3% rise in the establishment and operation of single-cell protein manufacturing companies in North America as a result of the availability of cutting-edge technological labs and significant investments made by nutraceutical companies to identify alternative protein sources. The market for supplemental food items based on single cell protein has increased by 2.6% as a result of consumers' growing need for high protein content in dietary supplements and food products. Additionally, the Asia-Pacific area has seen a 6% rise in the consumption of single cell protein-based health supplements due to the existence of numerous single cell protein labs and awareness raised by major media campaigns. In the aquaculture sector, a rise in the demand for single-cell protein as food has translated into higher sales.
The Single Cell Protein (SCP) market typically includes a variety of players ranging from established companies to startups, each offering different products or technologies. Evonik is a leading specialty chemicals company that offers SCP products under its animal nutrition business segment. The company produces SCP primarily for animal feed applications. Also, Calysta is a biotechnology company that develops sustainable protein products, including SCP, using methane as a feedstock. They focus on applications in animal nutrition and aquaculture. Furthermore, players increasing R&D spending for the development of new products will propel product demand. Similarly, the incorporation of the latest trends in global Single Cell Protein Products helps to boost the demand for single cell proteins.
v In December 2023, Biotech startup MicroHarvest launched in Lisbon a cutting-edge pilot plant that will enable the company to accelerate the path to commercialization of its single-cell protein ingredients.
v In November 2023, The Dutch-Swiss ingredients supplier developed single-cell proteins claiming that have the potential to offer 'net zero carbon protein' for the food, feed, and pet food markets.
GLOBAL SINGLE CELL PROTEIN MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
O EVONIK Industries AG
O NOVUS International
O Unibio A/S
O Calysta Inc.
O Alltech Inc.
O Nutrinsic
O Blue Bio Tech International GmbH
O Parry Nutraceuticals
O Lallemand Inc.
O BIOMIN Holding GmbH
O Devenish Nutrition, LLC
O Unilever
O Vega Pharma Ltd.
O CBH Qingdao Co. Ltd.
O Cyanotech Corp.
O Others