By Infinium Global Research Jan, 2024
The global single cell protein market was valued at USD 7,327.9 million in 2022 and is expected to reach USD 14,346.0 million by 2030 and grow at a CAGR of 8.79% over the forecast period. The Single Cell Protein (SCP) market is experiencing significant growth, driven by factors that reflect the changing landscape of the global protein industry. SCP, derived from microorganisms like bacteria, yeast, and algae, has emerged as a versatile and eco-friendly alternative protein source, gaining prominence due to its unique attributes and applications. The growing emphasis on sustainable protein sources is creating demand for single cell proteins. SCP production involves the cultivation of microorganisms in controlled environments, where their protein-rich biomass is harvested. These proteins offer many advantages, including reducing environmental impact and adaptability to various applications from animal feed to human nutrition. The high speed of production of single cell protein is the driving factor behind the growth of the market. Technological advancements have played a crucial role in enhancing SCP production. Innovations in biotechnology and fermentation processes have significantly improved production efficiency, making SCP more economically viable and accessible to a broad spectrum of industries. These advancements not only drive down production costs but also contribute to the scalability of SCP production. Bacteria and yeasts double their population in 5 to 15 min, while algae and molds do so in 2 to 4 hours. This high production rate of single cell protein ingredients makes it an effective and efficient source of protein. Further, the growing adoption of single cell protein in animal feed is driving the growth of the single cell protein market. They are used in animal feed as fattening poultry, calves, pigs, and fish. The increasing consumer demand for protein-rich meat and animal byproducts led livestock owners to incorporate single cell proteins into animal feed. Moreover, constant research and development activities for single-cell protein are expected to create growth opportunities for the single cell protein market.