PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514964
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514964
Protein Extracts From Single Cell Protein And Other Conventional Sources Market size was valued at USD 21,541.2 Million in 2023, expanding at a CAGR of 8.00% from 2024 to 2032.
Protein extracts from single-cell protein (SCP) sources are proteins derived from various types of unicellular microorganisms, including fungi, bacteria, yeast, and algae. These microbes require a variety of carbon sources to produce new proteins and metabolites, including lipids, vitamins, and carbs. Single-cell proteins are nutritionally significant due to their high vitamin, fat, and essential amino acid content.
Protein Extracts From Single Cell Protein And Other Conventional Sources Market- Market Dynamics
Increasing Demand for Sustainable Protein Sources
One of the primary drivers of the Protein Extracts from Single Cell Protein and Other Conventional Sources market is the rising need for sustainable protein sources. With rising environmental concerns and population expansion, there has been an increased focus on alternate protein sources that are both environmentally benign and efficient to produce. Furthermore, single-cell protein and other kinds of protein extracts are more sustainable since they require fewer resources, such as land and water, to manufacture proteins than conventional forms. Now, the desire for sustainable solutions is fuelling market expansion as consumers, as well as industries, seek more environmentally friendly and ethical protein sources.
Protein Extracts From Single Cell Protein And Other Conventional Sources Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 8.00% from 2024 to 2032.
Based on Source segmentation, the plant protein extract source segment had the largest revenue share in 2023.
Based on Application segmentation, the biotechnology segment had the most revenue in 2023.
On the basis of region, North America was the leading revenue generator in 2023
The Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market is segmented on the basis of Source, Application, and Region.
The market is divided into three categories based on Source: Microbial Sources - Single Cell Proteins, Plant Protein Extract Sources, and Microbial Sources - Direct Use. The plant protein extract source sector had the highest revenue share in 2023. The availability of a wide range of technologies for extracting plant proteins is expected to lead to this segment's domination in the coming years. Quinoa is a plant protein that contains all nine amino acids that humans require. According to Colorado State University research, replacing certain animal-based proteins with plant-based protein sources may reduce the risk of developing chronic illnesses such as heart disease, diabetes, and some cancers. Important antioxidants, vitamins, and minerals found in plant-based diets enhance overall health.
The market is divided into four categories based on Application: Biotechnology, Animal Feed, Agriculture & Fertilizers, and Others. In 2023, the biotechnology segment generated the greatest amount of revenue in the market. Biotechnology offers a variety of applications in protein extraction, including purification, identification, and characterization. Some specific examples of biotechnology in protein extraction include recombinant DNA technology for producing protein in bacteria or yeast, as well as the use of liquid chromatography-mass spectrometry for protein identification.
Protein Extracts From Single Cell Protein And Other Conventional Sources Market- Geographical Insights
Geographically, this market is present in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These zones are further split based on which countries bring business. North America dominated the market, accounting for the largest revenue share in 2023. The introduction of mature biotechnology techniques, together with big corporations operating in the region, is propelling regional growth. Companies situated in the United States, such as Nucelis, Cyanotech Corporation, and KnipBio, have contributed significantly to the global SCP market. These companies are well-known for producing SCP and have generated significant cash from the sale of items such as Spirulina.
Asia Pacific is predicted to experience the fastest increase over the projection period. Livestock output is high, which means there is more protein and other nutrients to consume. The prevalence of malnutrition in several developing economies drives market growth since they rely largely on Spirulina, which has a high protein content and boosts immunity in children and pregnant women.
In the competitive landscape of the Protein Extracts from Single Cell Protein and Other Conventional Sources Market, several important players are competing for the top spot. Euglena Co. Ltd, Corbion Biotech, Inc, KnipBio, Hangzhou, and Earthrise Nutritional are key players in the market. They provide a wide range of protein extracts obtained from single-cell protein and conventional sources, meeting a variety of dietary and industrial requirements. These companies are actively conducting research and development to improve their product offers, increase production efficiency, and fulfill the growing demand for protein extracts. Their strong market presence and unique product portfolios significantly impact the competitive dynamics of the Protein Extracts market.
In June 2020, Nutrex Hawaii Inc., a company of Cyanotech Corporation, obtained the United States Pharmacopeia confirmation mark for its BioAstin Hawaiian Astaxanthin. The USP confirmation mark signifies that the product was manufactured in accordance with FDA and USP requirements to ensure safety, sanitation, and quality control.
GLOBAL PROTEIN EXTRACTS FROM SINGLE CELL PROTEIN AND OTHER CONVENTIONAL SOURCES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Unilever
Taiwan Chlorella Manufacturing Company
CBH
Xiamen Hyfine Gelatin Co. ltd
BlueBio Tech GmbH
Euglena Co. ltd
Corbion Biotech, Inc
KnipBio
Hangzhou
Earthrise Nutritional
Others