Single Cell Oil Market Analysis

Single Cell Oil Market Analysis

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In terms of application, the single cell oil market share from aquaculture segment is expected to witness 17% CAGR through 2032, impelled by the growing use of SCOs as feed in aquaculture due to their high nutritional content. SCOs are a potent source of protein/amino acid, omega-3, and bioactive molecules and are widely used in the diets of several farm-raised fish species, including rainbow trout and Atlantic salmon. The product’s use as fish feed helps the aquaculture sector augment its commercialization and profitability by boosting the fish growth.

The single cell oil market from sugarcane mill segment accounted for USD 50 million revenue in 2022. Sugarcanes, being low-cost carbon sources that contain high lipid concentrations, are predominantly used as raw material for single cell oil production. Sugarcane bagasse is also a potential source of biomass in terms of fermentable sugars.

Sugarcane molasses, when used as raw material for SCO production, deliver the flexibility needed to control growth as well as lipid accumulation by altering the feed flow rate of the carbon sources and also restricting nutrients inside the fermentation process. The material is also primarily used in bioprocessing to attain higher cell density and productivity of biomolecules at the time of growth.

 

Based on grade, the single cell oil market valuation from the food segment is anticipated to surpass USD 380 million by 2032, owing to their higher tolerance to inhibitory by-products. The demand for food grade single cell oil is also increasing due to their growing use as a source of protein/amino acid, polyunsaturated fatty acid, omega-3 and omega-6, and bioactive molecules in dietary supplements as an enriched nutrient source for humans. The composition of food grade oil is similar to animal fats and vegetable oils and is preferred over plant and animal-derived oils as their production can easily be scaled.

The Europe single cell oil market size will cross USD 300 million by 2032, on account of the growing pharma, automobile, and animal feed industries in the region. Excessive demand for livestock, solutions to rare and deadly diseases, and carbon-free transportation is promoting the use of SCO-based biodiesel, medicines, and animal feed. Subsequently, many governments are also making policy decisions that are beneficial to the market. Back in March 2022, the UK government announced its plans to increase investment in the country’s pharmaceutical sector, with a specific focus on R&D, to £20 billion (USD 24 billion) every year by 2024/25.