Single Cell Oil Market Growth to be Driven by Emerging Trends | $429.38 Billion by 2029

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What is the Projected Market Size of the Single Cell Oil Industry?
The market size of single cell oil has been on a rapid rise in the past few years. It is projected to increase from $123.14 billion in 2024 to $156.62 billion in 2025, registering a compound annual growth rate (CAGR) of 27.2%. The expansion in the previous period can be traced back to the increasing demand for nutritional supplements, exploration for sustainable oil sources, emphasis on functional foods, substitute for fish oil, and varied uses in the food industry.

What Will Be the Size of the Single Cell Oil Market by 2029?
In the upcoming years, the single cell oil market size is anticipated to witness rapid expansion. The market value is projected to surge to $429.38 billion by 2029, with a compound annual growth rate (CAGR) of 28.7%. This growth across the forecast period is expected to be driven by factors such as the continued expansion in nutraceuticals, increased production of biofuel, the widening market for plant-based proteins, increased demand for vegan products, and their use in personal care products. Significant trends for the forecast period include strategic alliances and collaborations, tailored lipid profiles, progress in fermentation processes, advancements in biotechnology, and the commercialization of algal oils.

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What Are the Key Drivers Accelerating Growth in the Single Cell Oil Market?
The single-cell oil market is predicted to experience growth due to the escalating demand for biofuels. Biofuels, sources of energy drawn from renewable biological materials like plant matter or animal waste, are seeing an increase in demand. This surge is largely attributed to factors such as depleting supplies of fossil fuels, climate shifts, quickening urbanization rates, and heightened worries about energy security. Given the comparative sustainability and cost-effectiveness of biofuels when compared to other traditional fossil-based fuels, these alternatives are gaining favor. Given their similarity in structure and fatty acid composition to plant oil, single-cell oil is employable in biodiesel production. The International Energy Agency (IEA), an autonomous intergovernmental organization located in France, indicates that worldwide biofuel demand is anticipated to grow by 6% or 9,100 million litres per year (MLPY) in 2022 compared to 2021. For this reason, the escalating demand for biofuels is likely to ignite growth in the single-cell oil market.

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How Is the Single Cell Oil Market Segmented by Type, Application, and Region?
The single cell oil market covered in this report is segmented -

1) By Micro-organism: Bacteria, Yeast, Microalgae, Fungal
2) By Grade: Fuel, Feed, Food
3) By Raw Material: Sugarcane Mill, Agro-Industrial Waste
4) By Application: Bio-Fuel Feedstock, Fish Oil Substitute, Functional Oils, Animal Feed, Infant Formulae, Pharmaceutical Products, Aquaculture

Subsegments:
1) By Bacteria: Cyanobacteria, Acinetobacter, Methylobacterium
2) By Yeast: Saccharomyces Cerevisiae, Candida Oleophila, Pichia Pastoris
3) By Microalgae: Spirulina, Chlorella, Nannochloropsis
4) By Fungal: Mortierella, Rhizopus, Aspergillus

What Are the Key Trends Driving Growth in the Single Cell Oil Market?
The principle of product innovation is increasingly being recognized as a significant trend in the single-cell oil market. Key players in the industry are focusing their energies on developing innovative products to solidify their market position. For example, in October 2022, Grøntvedt Pelagic AS, a company based in Norway that produces marinated herring, revealed a new product - Norwegian herring fish oil. This introduction is notable as the brand offers customers a superior, environmentally friendly source of cetoleic acid. What makes this Norwegian herring fish oil special is its lack of taste and smell, making it versatile for several uses, such as in food supplements, pet food, and pharmaceuticals.

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Who Are the Leading Companies Driving Growth in the Single Cell Oil Market?
Major companies operating in the single cell oil market include Royal DSM N.V., Goerlich Pharma GmbH, DIC Corporation, Cellana Inc., Cargill Incorporated, Alltech Inc., Xiamen Huison Biotech Co. Ltd., Qingdao Seawit Life Science Co. Ltd., Bioriginal Food & Science Corp., Novosana BV, Hubei Xinhe Biotechnology Co. Ltd., The Lubrizol Corporation, Corbion NV, Aurora Algae Inc., TerraVia Holdings Inc., Solazyme Inc., Algix LLC, Sapphire Energy Inc., Heliae Development LLC, Algenol Biofuels Inc., Blue Marble Biomaterials LLC, Elevance Renewable Sciences Inc., Solix Biofuels Inc., OriginOil Inc., Joule Unlimited Technologies Inc., Synthetic Genomics Inc., Genomatica Inc., LS9 Inc., Amyris Inc., Evolva SA, Solvay SA

Which Is the Leading Region in the Global Single Cell Oil Market?
Asia-Pacific was the largest region in the single-cell oil market in 2024. The regions covered in the single cell oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This release was published on openPR.