Introduction:
Single cell protein (SCP) is a type of protein derived from single-cell organisms like bacteria, yeast, fungi, and microalgae. SCP is a rich source of essential amino acids and is used as a supplement in animal feed, human nutrition, and food production. The Single Cell Protein Market has gained considerable attention in recent years due to the increasing demand for sustainable protein sources and the growing population.
Market Overview:
According to a report by Persistence Market Research, The market for single cell protein can be expected to expand at a value based CAGR of 7.4% and show an increase in revenue from US$ 3,744.4 Mn to around US$ 6,963.0 Mn by 2033. The market is driven by the growing demand for animal feed, the increasing use of SCP in food production, and the need for sustainable protein sources.
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Market Segmentation:
By Species:
- Yeast
- Fungi
- Bacteria
- Algae
By Application:
- Food & Beverage
- Fortified Food
- Fortified Beverage
- Animal Feed
- Poultry Food
- Fish Feed
- Livestock Feed
- Dietary Supplements
- Others
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Key Drivers and Challenges:
The key drivers of the single cell protein market include the increasing demand for sustainable protein sources, the growing population, and the need for alternative protein sources to reduce dependence on conventional protein sources. The use of single cell protein in animal feed, food production, and human nutrition is expected to increase in the coming years. However, the high cost of production and regulatory issues related to the use of single cell protein in food and feed may hinder the growth of the market. The market players are focusing on product innovation and collaborations to overcome these challenges and tap into the potential of the single cell protein market.
Regional Analysis:
The single cell protein market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Asia Pacific is the largest market for single cell protein, followed by Europe and North America. The growing population and increasing demand for animal protein in countries like China and India are driving the growth of the single cell protein market in the Asia Pacific region.
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Key Players:
The key players operating in the single cell protein market include:
- Alltech, Inc.
- Angel Yeast Co., Ltd
- BEC Feed Solutions Pty Ltd
- BioProcess Algae, LLC
- Calysta, Inc
- Chr. Hansen A/S
- Church & Dwight Co., Inc.
- Devenish Nutrition Limited
- Evonik Industries AG
- GNC Holdings, Inc.
- Koninklijke DSM N.V.
- Lallemand, Inc.
- Novus International
- Nutreco N.V.
Read More Trending “PMR Exclusive Article”: https://www.digitaljournal.com/pr/news/single-cell-protein-market-by-forecasting-the-high-growth-segments
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