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• Market Expansion: The protein extracts from single-cell protein and other conventional sources market has witnessed significant growth, rising from $23.36 billion in 2023 to an estimated $25.76 billion in 2024, reflecting a robust compound annual growth rate (CAGR) of 10.6%.
• Historical Drivers: This growth is driven by various factors, including population growth, environmental concerns, resource scarcity, food security, and the need to mitigate environmental impact.

Future Outlook: Continued Growth Ahead

• Projected Growth: The market is expected to maintain its upward trajectory, projected to reach $38.25 billion by 2028, growing at a CAGR of 10.4%.
• Key Drivers: Factors fueling this growth include increasing health consciousness, sustainability concerns, supportive regulatory frameworks, and shifting consumer preferences towards alternative protein sources.

Emerging Trends in the Protein Extracts Market

• Single-Cell Protein Industry: The single-cell protein industry is set to expand, providing a sustainable and nutritionally enhanced protein source.
• Personalized Nutrition: Advances in personalized nutrition are driving demand for tailored protein solutions.
• Collaboration and Partnerships: Strategic partnerships and collaborations are crucial in driving innovation and market penetration.
• Technological Advancements: Technological innovations in protein extraction and processing are propelling market growth.

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Growing Demand for Plant-Based Protein Sources

• Consumer Shift: There is a rising demand for plant-based protein sources due to environmental sustainability, health benefits, and ethical concerns about animal agriculture.
• Key Sources: Plant-based proteins include legumes, nuts, seeds, tofu, tempeh, and whole grains like quinoa and buckwheat.
• Market Impact: This shift is driving the growth of protein extracts from single-cell and conventional sources, offering diverse amino acid profiles and sustainable food production practices.

Biomass Fermentation: A Technological Leap

• Biomass Fermentation: Companies are leveraging biomass fermentation technology to enhance the production process of single-cell protein ingredients.
• Case Study: MicroHarvest GmbH launched a pilot plant in Lisbon in November 2023 to accelerate the commercialization of its single-cell protein ingredients. This technology enables the production of high-quality protein ingredients with over 60% raw protein within 24 hours.

Strategic Acquisitions Boost Market Strength

• Avril Group’s Acquisition: In April 2023, Avril Group acquired Sunbloom Proteins GmbH, enhancing its production capacity and enriching its product portfolio.
• Impact of Acquisition: The acquisition allows Avril to combine research and development capabilities, offering a more robust range of functional, plant-based protein ingredients.

Market Segmentation Overview

• By Source: The market is segmented into plant protein extract sources, microbial sources (single-cell proteins), and microbial sources (direct use).
• By Feedstock: It is further divided into organic and conventional feedstock.
• By Application: Applications include biotechnology, animal feed, agriculture and fertilizers, among others.

North America Leads the Market

• Regional Dominance: North America was the largest region in the protein extracts from single-cell protein and other conventional sources market in 2023, driven by strong consumer demand and advanced production technologies.

Conclusion

The protein extracts from single-cell protein and other conventional sources market is poised for continued growth, driven by technological advancements, changing consumer preferences, and strategic industry moves. As the market evolves, key players and emerging companies will play crucial roles in shaping the future of sustainable and nutritionally rich protein sources.

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