According to report of Fact.MR, the global market for single-cell protein amounts to USD 8.72 billion in 2022. The market further anticipated gaining a size of USD 20.64 billion by 2032.
The global shortage of food and feed has prompted researchers to look for means to improve protein production. Single-Cell Proteins are dehydrated microbial cell cultures or extracted from pure or mixed cultures of algae, yeast, fungi, and bacteria, and they have a high nutritional value due to their high vitamin, essential amino acid, and lipid content. They can be used as a feed and protein supplement with yeast and bacteria-the most acceptable microorganisms for Single-Cell Protein.
According to the report titled “Single-Cell Protein Market (2022-2032)” recently published by Fact.MR, the global market for single-cell protein amounts to USD 8.72 billion in 2022. The market further anticipated gaining a size of USD 20.64 billion by 2032. The arcade is likely to gain growth with a CAGR of 9% in the forecast period.
Some other details about the market estimated in the report are as follows:
•The global market for Single-Cell Protein is expected to depict considerable growth during the forecast period attributable to increasing world protein deficiency. Furthermore, the growing demand for protein-rich foods globally has led to the development of alternative protein sources to supplement conventional protein sources in animal feed and human food.
•There is often a high cost of capital associated with the production due to the high cost of machinery needed which may create deterrence for the manufacturer’s profit margins.
•Based on the single-cell genome analysis the cells can be identified which is required by cell therapy. Cell typing is possible based on molecular profiles and the use of biomarkers. The rising iterative procedures are augmenting innovation in the field of single-cell protein.
•Based on the application the food industry is likely to gain major revenue in the market. There is increasing demand for protein-rich food across the globe thus contributing to the growth of the global Single-Cell Protein market over the forecast period.
•North America and Western Europe are expected to have significant revenue shares in the global market over the forecast period as changing lifestyles and increasing demand for value-added food products have increased the consumption of food with additional nutritional value in the regions.
•Asia Pacific and the Middle East are expected to create significant growth opportunities in the overall Single-Cell Proteins over the forecast period. In terms of opportunities, the ASEAN region is anticipated to gain maximum share in the single-cell proteins for the production of alternative bio-protein feed to gain performance in the aquaculture industry. The prominent countries in the region such as China, India, and Vietnam are accounting for half of the total aquaculture production which finds single-cell protein usage as an alternative to fishmeal.
•The market players in mainstay are more focused on expansion and collaboration as business tactics to gain a competitive advantage in the industry.
