According to a new report published by MarkWide Research, titled, “Global Protein Extracts from Single Cell Protein Sources Market,” the worldwide market for protein extracts from single cell protein sources is anticipated to witness substantial growth in the coming years. With a projected compound annual growth rate (CAGR) of 6.1% from 2023 to 2030, the market is poised for expansion, driven by the increasing demand for alternative protein sources to meet the growing global food demand.
Growing Demand for Alternative Proteins
One of the primary drivers of the protein extracts from single cell protein sources market is the increasing global demand for alternative protein sources. Single cell proteins are seen as a sustainable and resource-efficient solution to address protein shortages.
Sustainable Food Production
Single cell protein sources, such as algae, yeast, and bacteria, can be cultivated with minimal environmental impact, making them a sustainable choice for protein production.
Protein extracts from single cell protein sources find applications in a wide range of products, including food and beverages, animal feed, and nutraceuticals.
Global Food Security
The need to ensure food security and provide protein-rich nutrition to a growing global population is driving investments and research in single cell protein production.
- North America: The North American market for protein extracts from single cell protein sources is expected to witness steady growth, driven by the demand for plant-based and alternative protein products in the United States and Canada.
- Europe: Europe is another significant market, with countries like Germany and the Netherlands at the forefront of single cell protein research and production. Strict environmental regulations and the need for sustainable agriculture contribute to market growth.
- Asia-Pacific: The Asia-Pacific region is projected to experience the highest growth rate, fueled by the increasing consumption of alternative protein products in countries like China and India, where protein demand is rising.
- Latin America and Middle East & Africa: These regions are also emerging as potential markets due to their focus on agriculture and the need to enhance protein production using sustainable methods.
The protein extracts from single cell protein sources market is characterized by competition among key players striving to innovate and gain market share. Some of the prominent companies in the market include:
- Archer Daniels Midland Company
- Novozymes A/S
- Kerry Group plc
- DSM Nutritional Products AG
- Corbion N.V.
- Nutreco N.V.
- Lallemand Inc.
These companies are actively engaged in research and development efforts, product portfolio expansion, and collaborations with food manufacturers to provide high-quality protein extracts from single cell protein sources.