Rapid Growth Ahead: Protein Extracts Market to Reach $38.25B by 2028 with a 10.4% CAGR, Driven by Health Consciousness and Sustainability

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Protein Extracts From Single Cell Protein And Other Conventional Sources Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $38.25 billion In 2028 At A CAGR Of 10.4%:

The protein extracts from single cell protein and other conventional sources market size has grown rapidly in recent years. It will grow from $23.36 billion in 2023 to $25.76 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to population growth, environmental concerns, resource scarcity, food security, and environmental impact.

The protein extracts from single cell protein and other conventional sources market size is expected to see rapid growth in the next few years. It will grow to $38.25 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to growing health consciousness, sustainability concerns, regulatory support and approval, and a shift in consumer preferences. Major trends in the forecast period include the growth of the single-cell protein industry, nutritional enhancement, personalized nutrition, collaboration and partnerships, and technological advancements.

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Protein Extracts From Single Cell Protein And Other Conventional Sources Market Major Segments
The protein extracts from single cell protein and other conventional sources market covered in this report is segmented -
1) By Source: Plant Protein Extract Sources, Microbial Sources - Single Cell Proteins, Microbial Sources - Direct Use
2) By Feedstock: Organic, Conventional
3) By Application: Biotechnology, Animal Feed, Agriculture And Fertilizers, Other Applications

Key Driver - Expansion Of The Chemical Industry To Boost Drum Handling Equipment Market

The growing demand for plant-based protein sources is expected to propel the growth of protein extracts from single-cell protein and other conventional sources going forward. Plant-based protein sources refer to foods derived from protein-rich plants, such as legumes (beans, lentils), nuts, seeds, tofu, tempeh, and whole grains such as quinoa and buckwheat. The growing demand for plant-based protein sources is fueled by increasing awareness of environmental sustainability, health benefits, and ethical concerns regarding animal agriculture. This drives consumers to seek alternative protein options derived from plants. Protein extracts from single-cell sources, alongside conventional options, are increasingly utilized as plant-based protein sources due to their nutritional density and sustainability. These extracts offer diverse amino acid profiles, fulfilling dietary needs while supporting environmentally friendly food production practices. For instance, in May 2022, according to an online survey conducted by the International Food Information Council of 1,005 Americans ages 18 to 80, a US-based non-profit organization, protein consumption from whole-plant sources increased by 31% from 2022 to 2021. Three out of ten Americans say they consume more protein from whole-plant sources. Therefore, the growing demand for plant-based protein sources drives the growth of protein extracts from single-cell protein and other conventional sources.

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Prominent Trend - Advancements In Biomass Fermentation For Protein Extraction

Major companies operating in the market for protein extracts from single-cell protein and other conventional sources are focused on developing rapid production processes using biomass fermentation technology to sustain their position in the market. The rapid production process of single-cell protein ingredients involves utilizing biomass fermentation technology to cultivate microorganisms such as bacteria or yeast, enabling efficient conversion of organic matter into protein-rich biomass for various applications. For instance, in November 2023, MicroHarvest GmbH, a Germany-based biotechnology company, launched a pilot plant in Lisbon to accelerate the commercialization of its single-cell protein ingredients. This plant allows the company to fine-tune its technology, create prototypes, and test production runs to launch its first commercial product in early 2024. It can produce sustainable, high-quality protein ingredients with over 60% raw protein within 24 hours using biomass fermentation technology.

Protein Extracts From Single Cell Protein And Other Conventional Sources Market Players
Major companies operating in the protein extracts from single cell protein and other conventional sources market are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Ingredion Inc., Lonza Group AG, Glanbia plc, Symrise AG, Roquette Frères, Novozymes A/S, Ashland Global Holdings Inc., Bioproton Pty Ltd., CP Kelco ApS, Omega Protein Corporation, Axiom Foods, Fermentalg SA, Cellana LLC

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Largest And Fastest Growing Region In The Market
North America was the largest region in the protein extracts from single cell protein and other conventional sources market in 2023. The regions covered in the protein extracts from single cell protein and other conventional sources market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Protein Extracts From Single Cell Protein And Other Conventional Sources Market Report Structure
3. Protein Extracts From Single Cell Protein And Other Conventional Sources Market Trends And Strategies
4. Protein Extracts From Single Cell Protein And Other Conventional Sources Market - Macro Economic Scenario
5. Protein Extracts From Single Cell Protein And Other Conventional Sources Market Size And Growth
…..
27. Protein Extracts From Single Cell Protein And Other Conventional Sources Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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