USD 9.50 billion
Report ID:
SQMIG35H2186 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
64
|Figures:
75
Global Single Cell Protein Market size was valued at USD 9.50 billion in 2022 and is poised to grow from USD 10.36 billion in 2023 to USD 20.63 billion by 2031, at a CAGR of 9.0% during the forecast period (2024-2031).
The global single-cell protein market is witnessing substantial growth due to increasing demand for sustainable and alternative protein sources.
With applications in food, feed, and industrial sectors, single-cell protein derived from microorganisms offers high nutritional value and minimal environmental impact.
Technological advancements in biotechnology and fermentation processes have significantly contributed to the growth of the single-cell protein market. Innovations in strain engineering, fermentation optimization, and downstream processing have led to increased protein yields and improved cost-effectiveness.
Additionally, the development of novel production platforms and bioreactor designs has enhanced the scalability and efficiency of single-cell protein production.
Technological advancements in fermentation and bioprocessing techniques further bolster market expansion. Key drivers include growing population, resource constraints, and shifting dietary preferences.
However, regulatory challenges and public acceptance remain pivotal concerns.
As research continues and investments rise, the single-cell protein market is poised to play a crucial role in addressing global food security and protein demand challenges.
US Single Cell Protein Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.50 billion
Largest Segment
Animal feed
Fastest Growth
Animal feed
Growth Rate
9.0% CAGR
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The global single-cell protein market is segmented based on type, application, and region. In terms of type, it includes bacteria, yeast, fungi, and microalgae-derived proteins. Application-wise, it covers animal feed, food and beverages, and industrial sectors like biofuels. Geographically, the market is divided into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Single Cell Protein Market Analysis By Type
The largest segments in the single-cell protein market, in terms of adoption and production, have traditionally been the bacteria-based and yeast-based SCP categories. Bacteria and yeast have been extensively studied and developed for various applications in animal feed and food products.
Fastest-growing segments have often been related to innovations in production processes, feedstock utilization, and nutritional quality. Algae-based single-cell proteins have gained interest due to their potential for sustainability, as they can be cultivated using sunlight and waste nutrients, reducing the need for arable land and freshwater.
Single Cell Protein Market Analysis By Application
The animal feed segment has been one of the primary drivers of the single-cell protein market. As the demand for animal protein continues to rise, there's an increasing need for sustainable and efficient protein sources for livestock feed. Single-cell protein, with its potential to be produced using various waste streams and underutilized resources, can address these challenges. This segment has seen notable growth due to its contribution to reducing the environmental footprint of animal agriculture.
The food products segment is also gaining traction, driven by the growing interest in plant-based and alternative protein sources. Single-cell protein can be a key component in creating meat alternatives and protein-rich foods that appeal to vegetarian, vegan, and health-conscious consumers. However, challenges related to taste, texture, and consumer acceptance still need to be addressed for this segment to achieve its full potential.
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North America and Europe were among the largest markets for single-cell protein, primarily driven by the advanced research and development infrastructure and the growing awareness of sustainability issues. However, the Asia-Pacific region, with its large and rapidly growing population, was seen as one of the fastest-growing markets for single-cell protein due to the increasing demand for protein-rich foods.
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Single Cell Protein Market Drivers
Growing Population and Food Demand
Sustainability and Environmental Concerns
Single Cell Protein Market Restraints
Regulatory Hurdles
Technological and Cost Challenges
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The global single-cell protein market is characterized by intense competition among key players striving for innovation and market expansion. Established companies like Solar Foods, NovoNutrients, and Calysta lead with novel microbial protein production technologies. Meanwhile, emerging startups such as Biotech Foods, and Deep Branch Biotechnology challenge the status quo with sustainable and scalable approaches. This landscape is driven by growing demand for alternative protein sources due to environmental and resource constraints. Research investments, partnerships, and product diversification are pivotal strategies, as companies aim to capitalize on the surging interest in single-cell protein for both human and animal consumption.
Single Cell Protein Market Top Player’s Company Profiles
Single Cell Protein Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global single cell protein market is poised for promising growth due to its potential to address challenges in food security and sustainable resource utilization. As populations rise and traditional protein sources strain, Single Cell Protein offers an efficient, eco-friendly alternative by converting various feedstocks into high-quality protein. Advances in biotechnology and fermentation methods enhance production scalability and nutritional profiles. Additionally, its applications in animal feed, human nutrition, and beyond underscore its versatility. With increasing investments, research, and consumer awareness regarding alternative protein sources, the single cell protein market holds significant promise for meeting future protein demands while reducing environmental impact.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.50 billion |
Market size value in 2031 | USD 20.63 billion |
Growth Rate | 9.0% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Single Cell 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 Single Cell 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Single Cell Protein Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Single Cell 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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Report ID: SQMIG35H2186
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