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Single-cell Protein Market is to grow at 9 Percentage CAGR, with Europe leading the market through 2030
Single-cell Protein Market is expected to reach USD 251.48 Bn by 2030, The Single-cell Protein Market is driven by the Rising population and increasing consumption has resulted in growing stress over the use of natural resources as a food product.Request Sample Link For More Details:https://www.maximizemarketresearch.com/request-sample/103987/
Single-cell Protein Market to Hit USD 251.48 Bn by 2030
Single-cell Protein Market was USD 137.56 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9 % from 2023 to 2030, reaching USD 251.48 Bn by 2030. SCP production has a lower environmental impact than protein production since it can be grown utilizing leftover materials and unused resources. SCP are high in vital amino acids, vitamins, and minerals making them beneficial for both human and animal nutrition. Due to technological advances, SCP will be more cost-effective and accessible. Research and development in the SCP industry have increased because of the growing assistance from governments and organizations. Their nutritious qualities and high protein content make them desirable for a variety of uses, including culinary items, animal feed, and nutritional supplements. In the United States market size was estimated at USD 10.36 billion in 2023.
Single-cell Protein Market Segmentation
By Feedstock: Organic Feedstock involves the use of agricultural residues, food waste, and other biomass sources. The usage of leftover or inexpensive resources might reduce production costs. The quality and quantity of proteins can be impacted by variations in feedstock quality. Conventional Feedstock involves traditional substrates like glucose, molasses, or other refined carbohydrates. It is efficiently used for high yields and rapid growth rates of microorganisms.
By Application: In Food and Beverages SCP acts as a sustainable alternative to traditional meat, baked goods enhance protein content and nutritional value, utilized in plant-based dairy substitutes. SCP to cereals and snacks boosts protein levels, in beverages SCP is utilized in drinks with added protein.
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Single-cell Protein Market Regional Analysis
United States is growing at a CAGR of 9% during the forecast period. The demand for SCP in the US is being driven by the growing acceptance of plant-based diets and other protein sources. San Francisco Bay Area, California is a significant center for innovation in biotechnologies, including SCP production.
In Germany, A growing need for sustainable and alternative protein sources Germany is experiencing notable growth in MicroHarvest GmbH a German startup that specializes in producing SCP for the aquaculture sector. Micro Harvest's dedication to increasing SCP output was demonstrated in April 2024 when the business revealed intentions to build a 15,000-ton facility.
China, although there are few precise numbers for China SCP market, although there are few precise numbers for China's SCP market, the nation's substantial rise in the aquaculture sector and emphasis on sustainable food production point to a developing market presence. Calysseo A joint venture between Adisseo and Calysta launched a single-cell protein manufacturing facility in China.
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Single-cell Protein Market Competitive Landscape
Thermo Fisher Scientific Inc. (US): One of Thermo Fisher's most significant acquisitions was the purchase of Life Technologies. In 2021, the deal almost cost $13.6 billion. In 2020, Thermo Fisher acquired The Binding Site Group for $2.6 billion.
10x Genomics: In 2022, 10x Genomics acquired Parse Biosciences. In 2021, 10x Genomics also acquired Eden Tech, a startup focused on innovative technologies related to single-cell analysis and DNA sequencing. In 2020, 10x Genomics acquired Cartana AB. The deal cost about $250 million.
Danaher Corporation: In 2024, Danaher acquired Genedata, a Swiss company. For over $5.7 billion, in 2023 Danaher successfully acquired Abcam, a top provider of protein consumables.
Conclusion
The single-cell analysis market is expected to rise due to its revolutionary potential in medicine and drug development, which continues to spur innovation.
Businesses will be in a strong position to take advantage of the growing prospects in this exciting industry if they can use technology innovations, incorporate new tools, and offer reliable solutions.
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