USD 44.3 million
Microbial Protein Market Size, Share, Growth Analysis, By Type(Algae, Bacteria, Yeast, Fungi), By Application(Dietary nutrition, functional nutrients, sports nutrition, infant nutrition), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30I2037 |
Region:
Global |
Published Date: July, 2036
Pages:
165
|Tables:
66
|Figures:
75
Microbial Protein Market Insights
Microbial Protein Market size was valued at USD 44.3 million in 2019 and is poised to grow from USD 47.3 million in 2023 to USD 76.8 million by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
Protein can also be obtained by cultivating various bacteria and algae, ideally those with more than 30% protein in their biomass and a good balance of essential amino acids. Although some generating microorganisms, such as filamentous fungus or filamentous algae, may be multicellular, microbial protein is commonly referred to as single cell protein (SCP). In addition to their direct use as SCP, microorganisms contribute to protein demand through improving the protein content or quality of fermented foods. Although microbial protein accounts only a modest component of current human nutrition, the increasing global demand for protein is anticipated to make SCP more essential.
High growth rates or the ability to use unique substrates, such as CO2 or methane, result in procedures that are far more efficient and/or sustainable than traditional agriculture.
US Microbial Protein Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Bacteria
Fastest Growth
Bacteria
Growth Rate
6.7% CAGR
Global Microbial Protein Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Microbial Protein Market Segmental Analysis
The global Microbial Protein market is segmented based on type, application and region. Based on type, Microbial Protein market is segmented into Algae, Bacteria, Yeast, Fungi. Based on application, the market is segmented into dietary nutrition, functional nutrients, sports nutrition, infant nutrition, others. Based on region, the Microbial Protein market is categorized into North America, Europe, Asia-Pacific, and MEA.
Microbial Protein market Analysis by type
Bacterial Proteins dominated the market in 2021, accounting for a CAGR of 7.9%. Microbial Protein production can take place in highly controlled, contained, and automated bioreactors similar to those used in the food industry's fermentation operations. Because bacteria can convert Haber Bosch nitrogen into cellular protein with an unrivaled efficiency of close to 100% in such reactor systems, the overall nitrogen efficiency of the complete feed/food chain would become far higher than conventional protein supply routes. In comparison to fungus, algae, and yeast, bacteria have the advantage of not only growing quickly on organic substrates but also on gases such as methane, hydrogen, and syngas (a mixture of CO + H2). When bacteria are fed one of these substrates, they can create highly concentrated cellular protein that accounts for up to 75 wt% of the dry microbial biomass at protein production rates of 2-4 kg per m3 reactor volume per hour. The rates of protein production using naturally occurring microbes are several orders of magnitude higher than plant-based protein production. The ability of bacteria to utilise hydrogen (in combination with carbon dioxide), methane gas, or syngas as their energy source creates a once-in-a-lifetime potential to entirely bypass agriculture-based feed and food production, allowing for nearly land-free Microbial Protein production.
Global Microbial Protein Market By Type, 2021 (%)
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Microbial Protein Market Regional Insights
The Microbial Protein market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to account for the largest share of the microbial protein market by 2022. The prominent position of North America in the Microbial Protein market is attributed to the increasing focus on producing protein using sustainable methods due to rising environmental concerns and ethical aspects associated with animal protein, the increasing vegan population, the increasing number of investments in microbial protein products, the increasing demand for healthy & nutritional products, and technological advancements in the food industry. During the forecast period, Asia-Pacific is expected to have the highest CAGR. The rapid expansion of this regional market is primarily due to increased awareness of the benefits of protein-rich diets, technical advancements in the food and beverage industry, a fast-growing economy, and a wide availability of raw materials.
Global Microbial Protein Market By Geography, 2021-2028
- Largest
- Fastest
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Microbial Protein Market Dynamics
Microbial Protein market Driver
- Spirulina protein gaining traction
Increasing consumer awareness of algal proteins, such as spirulina, which is high in minerals and antioxidants and provides numerous health advantages, is increasing demand for microbial proteins. Furthermore, in terms of protein amount, amino acid purity, and nutritional acceptability, algal proteins have a high nutritional value. Their functional features, such as gelation, water and fat absorption capacity, emulsification capacity, and foaming capacity, qualify them for a variety of novel applications.
Microbial Protein market Opportunity
- Rising emphasis on mycoproteins
Mycoprotein is a great source of fiber, having approximately six grams of fiber per 100 grams, which is up to 24% of the fiber that a consumer requires for the entire day. Mycoprotein has also gained advantageous properties, propelling its use in a variety of food and allied industries. Its low-energy, low-fat, and high-fiber profile makes it an excellent source of nutritious protein. Emerging data also suggests that mycoprotein consumption has broader benefits, such as potential satiety as well as metabolic and muscle benefits. Manufacturers and product formulators are attempting to enter the market with their novel products and ingredient offerings, catering to the expanding customer demand.
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Microbial Protein Market Competitive Landscape
The microbial protein market is highly fragmented, with numerous small and medium-sized companies as well as new entrants penetrating the market. Over the last 4 to 5 years, these businesses have employed a variety of tactics to extend their product and service offerings, worldwide footprints, and market shares. Most firms in the microbial protein industry used agreements, collaborations, partnerships, new product launches, expansions, mergers, acquisitions, and joint ventures as significant tactics.
Microbial Protein market Top Players Company Profiles
- Novozymes
- DSM
- Dupont
- Lallemand
- Lesaffre
- Archer Daniels Midland
- Cargill
- Corbion
- Alltech
- Calysta
- Unibio
- Fermic
- BioProcess Algae
- Algenuity
- Solazyme
- Green Biologics
- Kiverdi
- Blue Marble Biomaterials
- Synbio Technologies
- Ginkgo Bioworks
Microbial Protein market Recent Development
- In August 2021, Prolgae launched its sweet Spirulina powder and Spirulina protein bar all-in-one superfood products in India. Speciality of the product is that it is 100% vegan product to help people to stay healthy and to add up the immunity to their regular routine, as it 5 gms of Spirulina is said to be equal to 5 kg of assorted fresh vegetables.
- In May 2021, Mycorena launched the product Promyc, a microbial protein that has applications in various foods.
Microbial Protein Key Market Trends
- Microbial protein is a highquality protein source that can substitute animal protein such as fishmeal in livestock feeding and aquaculture. Moving up the food chain, microbial protein meets the FAO/WHO requirements for essential amino acid scoring patterns in human nutrition, and hence people could benefit considerably from the use of MP directly as food. Fungi are another viable option that has made their way into human cuisine. QuornTM is the most successful example of mycoprotein, having been commercialized and sold in over 15 countries across the world. Mycoproteins are particularly well suited to mimicking the flavor and consistency of meat, which explains their popularity as an alternative to traditional animal-based goods. Currently, mycoprotein production for QuornTM product manufacture totals 25,000 tons per year, with a global market value of around 214 million Euro, and is expected to rise at a rate of 20% per year in the next years.
Microbial Protein Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, the increased need for protein and meat alternatives from the world's fast-growing population has resulted in the development of novel food ingredients from nontraditional sources. Protein manufacturers are currently developing novel solutions to meet the growing demand for alternative proteins. Over the last decade, there has been a surge in interest in developing and manufacturing plant and cell-based meat substitutes. Meat substitutes are fungal protein-based products that look and taste like meat and have the potential to play an important role in encouraging dietary change. Plant-based and fungal protein are becoming increasingly important around the world, sparking interest in their capacity to supply the growing need for protein from non-meat sources since excessive meat consumption levels are increasingly being questioned due to ethical and environmental concerns.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 44.3 million |
| Market size value in 2031 | USD 76.8 million |
| Growth Rate | 6.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered | |
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Microbial Protein Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Microbial Protein Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Microbial Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microbial Protein Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microbial Protein Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Microbial Protein Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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