Reliable Data You Can Trust
Reliable Data You Can Trust
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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