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Single Cell Protein Market size to exceed $18.5bn by 2030

  • Published Date: September 27, 2022

Single Cell Protein Market valuation is estimated to surpass USD 18.5 billion by 2030, as per a new research report announced by Global Market Insights Inc.

Increasing health consciousness and awareness among consumers regarding protein intake has accelerated the demand for fortified food products worldwide. Owing to changing dietary habits and fast-paced lifestyles, nutrient deficiencies have become more prevalent in recent years. To fulfill protein requirements, consumers are increasingly consuming animal-based meat which will boost single cell protein (SCP) use as an animal feed ingredient. According to the UN Food and Agriculture Organization (FAO), global meat consumption is expected to increase by 73% by 2050.

SCPs have widespread applications in poultry feed, fish feed, and pet food. It is also used as an emulsifying agent and a nutrient enhancer in food products such as soups, baked goods, ready-to-eat meals, and convenient foods. A steady increase in the demand for dietary supplements will accelerate the use of SCPs. Furthermore, a rapid shift in consumer preference for plant-based protein will favor the single cell protein market expansion.

Growing protein consumption to drive bacteria sourced single cell protein

In terms of volume, the single cell protein industry share from bacteria segment is poised to surpass 240 kilo tons by 2030, as per the report. Bacteria is suitable for the production of SCP because of its rapid growth rate. The protein is sourced from bacteria either using pure or mixed bacterial cultures or from dehydrated microbial cell cultures.

With the constantly escalating population across the globe, the demand for food has witnessed a sharp rise, adding considerable pressure on food manufacturers and the agricultural sector. Extensive research initiatives focusing on ways to boost protein output and ensure food security may complement product demand in the food sector.

Browse key industry insights spread across 300 pages with 387 market data tables & 8 figures & charts from the report, “Single Cell Protein Market Size By Source (Bacteria, Yeast, Algae {Chlorella, Spirulina, Dunaliella, Haematococcus}, Fungi), By Application (Food And Beverages {Meat Analogs, Bakery, Dairy Alternatives, Cereals & Snacks, Beverages}, Animal Feed {Poultry [Broiler, Layer, Turkey], Swine [Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout, Shrimp, Carp], Pet Food [Dogs, Cats, Birds, Fish], Equine} Dietary Supplements), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

Single cell protein consumption rises across food & beverage applications

Single cell protein market share from the food & beverages application was estimated to account for more than 210 kilo tons in 2021, in terms of volume. SCPs are a popular ingredient used in the manufacturing of a wide variety of food and beverage products including breakfast cereals, bakery & confectionery items, protein drinks, and snacks. Consumer are preferring SCP-based products due to various benefits the ingredient offers. These include fortification without allergens, high fiber content, and product stability at low temperatures.

Asia Pacific to emerge as a lucrative market for single cell protein companies

Asia Pacific single cell protein market value is expected to expand at a CAGR of over 6% through 2030. The region is home to countries such as China and India that possess high population. With such a large consumer base, the food and beverage sector across the region is expanding at a rapid rate, which can propel the demand for SCPs.

A rising focus on advanced product development through the integration of sophisticated processing technologies will support the jump in food manufacturing activities. The adoption of enzyme-based food processing techniques will offer lucrative opportunities for single cell protein companies in the region.

Strategic acquisitions to complement single cell protein industry development

Some of the major single cell protein companies discussed in the report include Novus International, BEC Feed Solutions Pty Ltd., Evonik Industries AG, Lallemand Inc, Angel Yeast Co., Ltd, Alltech, Inc., Unibio A/S, and BIOMIN Holding GmbH. The competitive landscape consists of strategic alliances and acquisitions to expand existing product portfolios.

Authors: Kunal Ahuja, Tushar Malkani