Single Cell Protein Market Size, Segment Analysis (2024-2032), Growth Factors, Industry Challenges, and Top Key Players - Lallemand Inc., NOVUS International

The Single Cell Protein Market is Valued USD 15.1 billion by 2024 and projected to reach USD 61.56 billion by 2032, growing at a CAGR of 16.9% During the Forecast period of 2024-2032.

Single Cell Protein (SCP) refers to protein derived from microorganisms like bacteria, algae, fungi, and yeast. These microorganisms can grow rapidly on a variety of substrates, including agricultural waste, and produce high protein content. SCP is an alternative protein source used in animal feed and human nutrition, offering a sustainable solution to meet global protein demands. It requires less land and water compared to traditional agriculture and can be produced under controlled conditions. SCP also helps reduce waste and environmental impact, contributing to a more sustainable food production system.

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The list of Key Players Profiled in the study includes:-

Lallemand Inc., NOVUS International, Evonik Industries AG, AngelYeast Co., Ltd., Unibio A/S, Calysta, Inc., Devenish Nutrition, LLC., Alltech, Inc., BIOMIN Holding GmbH, Parry Nutraceuticals, and Others.

The detailed segments and sub-segment of the market are explained below:

By Species
• Yeast
• Fungi
• Bacteria
• Algae

By Application
• Food & Beverages
• Animal Feed & Pet Food
• Others

Regions Covered in Market Report:

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Market Drivers -

✦ Rising Demand for Alternative Protein Sources: Increasing consumer awareness regarding health, sustainability, and environmental impact has fueled the demand for alternative proteins like SCP. This is especially prominent in plant-based diets and the growing vegetarian and vegan population.

✦ Sustainability and Environmental Concerns: Conventional animal farming contributes to high levels of greenhouse gases and deforestation. SCP production provides a solution to these concerns, offering a more sustainable method to generate protein with minimal environmental impact, less water usage, and lower carbon footprints.

✦ Food Security and Population Growth: The global population is expected to reach around 10 billion by 2050. Feeding this population requires innovative protein sources. SCP provides a scalable solution, reducing the dependency on traditional farming, which requires large amounts of resources such as land, water, and feed.

✦ Technological Advancements in Fermentation: The development of advanced fermentation techniques has significantly improved the efficiency and scalability of SCP production. Companies are now utilizing biotechnological processes to create cost-effective, high-quality protein products that meet consumer demands.

✦ Increased Focus on Animal Feed: SCP is becoming an important component in the animal feed industry, particularly for aquaculture and livestock. It offers a protein-rich, nutritious, and cost-effective feed alternative, reducing reliance on traditional feed sources such as fishmeal and soy.

Key Benefits for Stakeholders:

1. The study presents a quantitative analysis of the current trends, estimations, and dynamics of the Single Cell Protein Market from 2024 to 2032, aiming to identify the most promising opportunities.

2. Porter's five forces analysis highlights the significance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.

3. Through in-depth analysis, market sizing, and segmentation, you can identify the existing opportunities in the Single Cell Protein Market.

4. The market's revenue contribution from the largest countries in each region is mapped and represented.

5. The research report on the Single Cell Protein provides a comprehensive analysis of the current status of the major players in the market.

Key Trends -

✦ Expansion of SCP into Human Nutrition: Initially focused on animal feed, SCP is now gaining attention in the human food sector. Companies are working on producing SCP-based foods that cater to the health-conscious and environmentally aware consumer. SCP is finding applications in protein bars, plant-based meat substitutes, and functional foods.

✦ Integration of SCP in Aquaculture: The aquaculture industry faces increasing pressure to find sustainable and cost-effective feed sources. SCP, rich in essential amino acids, has become a promising solution for replacing fishmeal in fish diets. Companies are investing in SCP to meet the growing demand for sustainable aquafeed solutions.

✦ R&D Investments in Biotechnology: Significant research and development (R&D) activities are focused on improving SCP yield, flavor, texture, and nutritional value. Leading companies are experimenting with genetically engineered microorganisms and synthetic biology techniques to enhance SCP properties and broaden its applications.

✦ Corporate Collaborations and Investments: Established food companies and startups are increasingly entering into partnerships and collaborations to accelerate SCP production. Investments in SCP startups are on the rise as the market potential for alternative proteins becomes more apparent.

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Recent Industry News -

✦ Expansion of Product Portfolios: Several SCP companies have expanded their product lines to include human food applications. For example, companies like Sophie's Bionutrients and Solar Foods are exploring SCP's potential in producing nutrient-dense foods and meat alternatives.

✦ Regulatory Approvals: Regulatory bodies have started approving SCP for use in human food products. This trend is accelerating the commercialization of SCP-based food ingredients, helping producers reach broader markets.

✦ Collaborations with Food-Tech Companies: Startups and tech companies are increasingly forming collaborations to scale up SCP production. For instance, Unilever has partnered with Solar Foods to explore SCP's potential for producing sustainable food products.

✦ Sustainability Initiatives: SCP companies are positioning their products as part of broader sustainability initiatives. For instance, SCP firms are highlighting their environmental credentials by emphasizing the reduced water and land use required to produce protein compared to traditional farming.

✦ Funding and Investments: There has been a surge in investments targeting SCP companies. For example, Nature's Fynd raised substantial funding to scale up its SCP production for both food and feed applications, reflecting growing investor confidence in this market's future.

Conclusion -

The Single Cell Protein market is set to experience significant growth in the coming years, driven by increasing consumer demand for sustainable protein alternatives, environmental concerns, and advancements in fermentation technology. SCP's applications across human nutrition and animal feed, coupled with corporate investments and collaborations, highlight the market's immense potential. Challenges around consumer acceptance and regulatory hurdles exist but are expected to diminish as the industry evolves and SCP becomes more integrated into mainstream food systems.

https://www.globenewswire.com/en/news-release/2023/11/28/2787243/0/en/Single-Cell-Protein-Market-projected-to-reach-USD-45-0-Billion-by-2030-growing-at-a-CAGR-of-16-9-during-the-forecast-period-of-2023-2030-claims-by-MarketDigits-in-its-recent-study.html

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