PUBLISHER: Grand View Research | PRODUCT CODE: 1363320
PUBLISHER: Grand View Research | PRODUCT CODE: 1363320
The global protein extracts from single cell protein and other conventional sources market size is expected to reach USD 36.4 billion by 2030, registering a CAGR of 7.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market is expected to be driven by rising investments in the animal feed industry to cater to rising demand for cattle feed.
India ranks first with respect to cattle inventory, with demand for cattle inventory constantly increasing in U.S. This is driving demand for animal feed and protein extracts from different sources. In U.S., approximately 12.0% of the cattle inventory falls under drought area. This percentage was approximately 73.0% and 26.0% in 2013 and 2008, respectively.
Furthermore, the combination of genetic engineering techniques to produce proteins and attain better expression levels is expected to boost this market. These genetic modifications aid in increasing nutraceutical value of the biomass product either by increasing amino acid composition or by optimization of other biomolecules present in the product. Moreover, there are a number of methods for the removal of ribonucleic acid (RNA) from extracted protein, another factor likely to impact market growth.