How is the Protein Extracts From Single Cell Protein And Other Conventional Sources Market Poised for Growth: Trends and Opportunities Through 2034
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How has the protein extracts from single cell protein and other conventional sources market grown in recent years?
In recent times, there has been significant expansion in the market size for protein extracts from single cell protein and other traditional sources. It’s projected to increase from $25.76 billion in 2024 to $28.5 billion in 2025, showing a compound annual growth rate (CAGR) of 10.7%. Factors such as population increase, environmental issues, scarcity of resources, food safety, and environmental effects have driven the growth in the historical phase.
How is the protein extracts from single cell protein and other conventional sources market size expected to evolve during the forecast period?
The protein extracts from single cell protein and other conventional sources market size is expected to see rapid growth in the next few years. It will grow to $42.13 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing health consciousness, sustainability concerns, regulatory support and approval, and a shift in consumer preferences. Major trends in the forecast period include the growth of the single-cell protein industry, nutritional enhancement, personalized nutrition, collaboration and partnerships, and technological advancements.
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Which key drivers are propelling the protein extracts from single cell protein and other conventional sources market’s growth?
The escalating need for plant-derived protein sources is predicted to accelerate the expansion of protein extracts from single-cell protein and other traditional sources in the future. Vegetal protein sources encompass foodstuffs that originate from protein-laden plants, such as legumes including beans and lentils, nuts, seeds, tofu, tempeh, as well as whole grains like quinoa and buckwheat. The rising need for plant-based proteins is stoked by the growing understanding of environmental sustainability, health advantages, and moral considerations related to animal farming. This prompts consumers to explore plant-derived alternative protein choices. Protein extracts stemming from single-cell sources, in tandem with traditional sources, are progressively employed as plant-based protein options due to their high nutritional content and sustainability. These extracts present varying amino acid compositions, meeting dietary requirements whilst promoting eco-friendly food production methods. As an illustration, in April 2023, as per the Good Food Institute, a non-profit organization based in the US, the global retail sales of plant-based meat and seafood in 2022 summed up to $6.1 billion. This represents an 8% upsurge in revenue and a 5% rise in weight. Consequently, the escalating need for plant-based protein sources propels the expansion of protein extracts from single-cell protein and other traditional sources.
What are the market segments in the protein extracts from single cell protein and other conventional sources industry?
The protein extracts from single cell protein and other conventional sources market covered in this report is segmented –
1) By Source: Plant Protein Extract Sources, Microbial Sources – Single Cell Proteins, Microbial Sources – Direct Use
2) By Feedstock: Organic, Conventional
3) By Application: Biotechnology, Animal Feed, Agriculture And Fertilizers, Other Applications
Subsegments:
1) By Plant Protein Extract Sources: Soy Protein Extracts, Pea Protein Extracts, Rice Protein Extracts, Hemp Protein Extracts, Wheat Protein Extracts, Chickpea Protein Extracts, Potato Protein Extracts, Algae Protein Extracts, Other Plant-Based Protein Extracts
2) By Microbial Sources – Single Cell Proteins: Yeast-Based Proteins, Bacterial Proteins, Fungal Proteins, Algal Proteins, Protozoan Proteins, Other Single-cell Proteins
3) By Microbial Sources – Direct Use: Bacterial Protein Extracts, Fungal Protein Extracts, Algal Protein Extracts, Bacteriophage Proteins, Enzyme-Based Proteins
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Who are the key firms paving the way for growth in the protein extracts from single cell protein and other conventional sources market?
Major companies operating in the protein extracts from single cell protein and other conventional sources market are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE, DuPont de Nemours Inc., International Flavors & Fragrances Inc., Koninklijke DSM N.V., Ajinomoto Co. Inc., Kerry Group plc, Ingredion Inc., Lonza Group AG, Glanbia plc, Symrise AG, Roquette Frères, Novozymes A/S, Ashland Global Holdings Inc., Bioproton Pty Ltd., CP Kelco ApS, Omega Protein Corporation, Axiom Foods, Fermentalg SA, Cellana LLC
What are the key trends shaping the future of the protein extracts from single cell protein and other conventional sources market?
Leading corporations in the protein extract market from single-cell protein and other traditional sources are concentrating on the development of quick production methods utilizing biomass fermentation technology to maintain their market dominance. The quick production technique for single-cell protein ingredients involves the cultivation of microorganisms like bacteria or yeast using biomass fermentation technology, which effectively transforms organic material into protein-rich biomass for diverse applications. For example, in November 2023, MicroHarvest GmbH, a biotech firm based in Germany, initiated a pilot plant in Lisbon to expedite its single-cell protein ingredients’ commercialization. This plant aids the company in refining its technology, developing prototypes, and testing production runs, intending to release its debut commercial product by early 2024. It can generate sustainable, superior quality protein ingredients with more than 60% raw protein within 24 hours via biomass fermentation technology.
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Which regions are most influential in expanding the protein extracts from single cell protein and other conventional sources market?
North America was the largest region in the protein extracts from single cell protein and other conventional sources market in 2024. The regions covered in the protein extracts from single cell protein and other conventional sources market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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