A recent report published by Infinium Global Research on the single cell protein market provides an in-depth analysis of segments and sub-segments in the global as well as regional single cell protein market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional single cell protein market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global single cell protein market. According to the report, the global single cell protein market is projected to grow at a CAGR of over 9% over the forecast period of 2022-2028.
The revenue generated by the single cell protein market was over USD 7 billion in 2022 and is expected to reach over USD 12 billion in 2028 and is expected to grow with a CAGR of about over 9% over the forecast period 2022-2028. Single cell protein basically comprises proteins, ash ingredients, fats carbohydrates, water, and other elements such as phosphorus and Potassium. Aside from the nutritional benefits of single cell protein, another benefit of this technology is that it plays its role in waste management as waste materials are used as a substrate, a small area of land is required and Single cell protein (SCP) is made in less time. This single cell protein is helpful in wake of the food crisis.
Generally, aquaculture species have relatively lower feed conversion ratios (FCRs) of 1.1 to 1.6 kg of feed per kg of edible seafood, compared to 1.4 to 1.8 for poultry, 2.6 to 4.4 for pork, and 3.5 to 9 for beef. Consequently, aquaculture contributes to a more sustainable animal protein industry, and single cell protein plays a major role in the future of aquaculture. By the year 2050, the world would need to produce approximately 1,250 million tonnes of meat and dairy per year to fulfill the global demand for animal-derived protein at current consumption levels. The increasing world deficiency of protein is becoming a major problem for humankind. Some underdeveloped countries like Algeria, Botswana, Nigeria, Madagascar, etc are facing major food and nutrition deficiency challenges. In the face of such worldwide issues, single cell proteins derived from waste organic products and had been proved a very useful technology. However, for the growing demand for protein new solutions are needed. Single cell protein (SCP), i.e., a protein produced by microbial cells, is an option with immense potential. It shows very attractive features as a nutrient supplement for humans. It has various benefits over animal and plant proteins in that its requirement for growth is neither seasonal nor depends on the climatic conditions and can be produced around the year. SCP has a high protein content with a wide amino acid spectrum, low-fat content, and higher protein-carbohydrate ratio than forages and can be grown on waste and is, therefore, environmentally friendly. The use of SCP as an alternative nutrient supplement can solve the problem of food scarcity for the rapidly growing population, especially in a developing country. However, the benefits of SCP production have gained less importance because of the lack of acceptability as a nutrient supplement among people. Moreover, constant research and development in single cell protein will provide a significant growth opportunity for the market.
The widespread COVID-19 disease has weakened the growth of the global economy as well as the food and feed industry. Food ingredient manufacturing has been hit due to the global pandemic, which has also affected the production of single cell protein. The major sources of single cell protein production include fungi, bacteria, yeast, and others. Since biotechnological work in laboratories has been hit due to coronavirus disease, the processing of these microorganisms has been difficult. Moreover, many processing and transport businesses have reduced, stalled, or completely shut down operations due to lockdown measures, potentially contributing to food insecurity and increased malnutrition. Many developing countries and Small Island Developing States (SIDS) are reliant on fish for animal protein and essential micronutrients, especially in rural settings and communities that were already considered vulnerable before the COVID-19 crisis began.
The Asia Pacific holds the largest market share in the single cell protein market. The growing trend of investments in biotechnology innovations to meet the demand of a rapidly increasing population is mainly attributing to the growth of the market. Moreover, stakeholders in the region are establishing stable revenue streams in the aquaculture industry by producing alternative bio-protein feed ingredients. Moreover, manufacturers in the ASEAN single cell protein market are fermenting natural gas to produce safe, nutritious, traceable, and affordable protein. The region is an emphasis on food security, alternative proteins that are helping to build sustainable and resilient food systems, especially in Asia’s aquaculture industry.
The report on the global single cell protein market covers segments such as species, and application. On the basis of species, the sub-markets include yeast, fungi, bacteria, and microalgae. On the basis of application, the sub-markets include food & beverages, animal feed & pet food, dietary supplement, and other.
The report provides profiles of the companies in the market such as Lallemand Inc., Evonik Industries AG, NOVUS International, Calysta, Inc., AngelYeast Co., Ltd., Devenish Nutrition, LLC. Alltech, Inc., BIOMIN Holding GmbH, Parry Nutraceuticals, and Others.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of single cell protein market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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