Global Protein Extracts from Single Cell Protein Sources Market – Analysis and Forecast (2018-2024)

Industry Insights by Source (Bacteria, Algae, Fungi, and Yeast), and by Application (Animal Feed (Livestock, Companion Animals and Fish), Agricultural and Fertilizers, Biotechnology, and Others)

Status : Upcoming
Report Code : VRHC1087
Available Format : PDF
Industry : Healthcare

Industry Overview

Single cell protein is dried up microbial cell cultures from cultures of bacteria, algae, yeast, and fungi. It can be consumed as protein supplements and feed. Single cell proteins have an elevated nutritional significance owing to their elevated vitamin, lipid content, and vital amino acid. The global protein extracts from single cell protein sources market are growing at a significant rate, due to mounting demand of food having low-fat concentration and optional amino acid composition, and expanding initiatives to generate alertness about the environmental and health advantages of substitute protein sources.

Different sources such as bacteria, algae, fungi, and yeast contributed to the protein extracts from single cell protein sources market size. The market has witnessed high demand for algae in the coming years due to mounting acceptance of commercialized algae-created Spirulina and Chlorella in different industries such as agriculture, food and beverage, animal feed, pharmaceutical and biotechnology, and cosmetic.

Market Segmentation

Insight by Source

On the basis of source, the market is subdivided into bacteria, algae, fungi, and yeast. Of all sources, the algae segment accounted the largest share and is expected to grow at fastest rate in the market, due to mounting acceptance of algae-created spirulina and chlorella in different industries such as cosmetics, agriculture, food and beverage, animal feed, and pharmaceutical and biotechnology.

Insight by Application

On the basis of application, the market is subdivided into animal feed, agricultural and fertilizers, biotechnology and others. Of all the applications, the animal feed segment accounted foremost share and is expected to grow at fastest rate in the protein extracts from single cell protein sources market, due to escalating manufacture of animal feedstuff owing to the mounting population of livestock, cattle, and buffalo. The animal feed segment is further subdivided into livestock, companion animals and fish.

Industry Dynamics

Industry Trends

Acceptance of chlorella and spirulina are the trends in the protein extracts from single cell protein sources market.

Growth Drivers

Surge in production of animal feed and food, mounting demand of food having low fat concentration and optional amino acid composition, escalating number of research and development activities in nutraceuticals, and expanding initiatives to generate alertness about the environmental and health advantages of substitute protein sources are the primary growth drivers for protein extracts from single cell protein sources market.

Mounting initiatives by private and public entities to cater the escalating demand for protein, technological advancement in the production of protein and expansion of protein extracts for aquaculture feed are also facilitating the growth for the protein extracts from single cell protein sources market.

Challenges

Threat associated with single cell protein sources and challenges associated with the production of single cell protein sources are the major challenges for the growth of protein extracts from single cell protein sources market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the protein extracts from single cell protein sources market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest protein extracts from single cell protein sources market as in the region the production of animal feed and the food is increased, and conferences organized in the U.S. and Canada for appropriate technologies. In addition, escalating number of research and development activities in nutraceuticals, the presence of major players in feed production, and expanding initiatives to generate alertness about the environmental and health benefits of alternative protein sources are also up surging growth of the North American protein extracts from single cell protein sources market.

Asia-Pacific is observed to witness the fastest growth in the market, due to a high production rate of livestock. In addition, alage-based spirulina is mainly used in patients having undernourishment, and an upsurge in animal feed production is also creating a positive impact on the protein extracts from single cell protein sources market growth in the region.

Competitive Insight

Key players in the protein extracts from single cell protein sources market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In March 2017, Lallemand Inc. acquired Nova Microbial Technologies, to provide natural microbial services and products for the optimization animal performance. Tangshan Top Bio-Technology Co. Ltd., Cyanotech Corporation, Unibio International Plc, Cangzhou Tianyu Feed Additive Co. Ltd., Cargill Incorporated, Lallemand Inc., Qingdao CBH Co. Ltd., and Euglena Co. Ltd. are the key players offering protein extracts from single cell protein sources.

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