Introduction
Single cell protein (SCP) is a type of protein that is extracted from microorganisms such as fungi, algae, and bacteria. SCP has gained significant attention in recent years as an alternative protein source due to its high protein content, low production cost, and sustainable production process. The global single cell protein market is projected to experience substantial growth during the forecast period from 2021 to 2028. This report analyzes the market growth, trends, and forecasts based on type, application, and region.
Market Overview in Single Cell Protein Market
The global single cell protein market was valued at USD 4.5 billion in 2020 and is expected to reach USD 9.8 billion by 2028, at a CAGR of 9.8% during the forecast period. The market growth can be attributed to the increasing demand for sustainable protein sources, growing population, and rising demand for animal feed.
By Type in Single Cell Protein Market
Based on type, the single cell protein market is segmented into bacteria, yeast, algae, and fungi. The bacteria segment is expected to hold the largest market share during the forecast period due to its high protein content and ease of cultivation. Bacteria-based SCP is used in various applications such as animal feed, human food, and biotechnology. The yeast segment is also expected to grow significantly due to its wide range of applications in the food and feed industries.
By Application in Single Cell Protein Market
Based on application, the single cell protein market is segmented into animal feed, human food, and others. The animal feed segment is expected to hold the largest market share during the forecast period due to the increasing demand for high-quality protein sources in animal feed. SCP is used as an alternative protein source in animal feed as it is cost-effective and sustainable. The human food segment is also expected to grow significantly due to the rising demand for plant-based protein sources and increasing awareness about the health benefits of SCP.
By Region in Single Cell Protein Market
Based on region, the single cell protein market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific region is expected to hold the largest market share during the forecast period due to the growing population, rising demand for animal feed, and increasing awareness about the benefits of SCP. The North America and Europe regions are also expected to grow significantly due to the increasing demand for sustainable protein sources and rising investments in SCP research and development.
Trends and Drivers in Single Cell Protein Market
The global single cell protein market is driven by several factors such as the increasing demand for sustainable protein sources, rising population, and growing demand for animal feed. The market is also driven by the following trends:
- Plant-based protein sources: The rising demand for plant-based protein sources is driving the demand for SCP in the food industry. SCP is a sustainable and high-quality protein source that can be used as an alternative to traditional protein sources such as soy and whey.
- Sustainable production process: The sustainable production process of SCP is attracting investors and manufacturers. The use of renewable resources and waste products in SCP production reduces the environmental impact of protein production.
- Government support: The government support and investments in SCP research and development are driving the growth of the market. The governments of various countries are promoting sustainable protein sources to reduce the environmental impact of protein production and ensure food security.
- Increasing awareness: The increasing awareness about the benefits of SCP is driving the demand for SCP in the food and feed industries. SCP is a high-quality protein source that is rich in essential amino acids and can be used in various applications.
Conclusion in Single Cell Protein Market
The global single cell protein market is expected to experience significant growth during the forecast period from 2021 to 2028 due to the increasing demand for sustainable protein sources, rising population, and growing demand for animal feed. The market is segmented by type, application, and region.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
