Single Cell Protein Market Analysis

Single cell protein Market Analysis

Based on source, the single cell protein market is segmented as Bacteria, Yeast, Algae {Chlorella, Spirulina, Haematococcus, Others}, Fungi. Yeast held a majority market value of USD 4.6 billion in 2022. Yeast-derived SCP is commonly used in the food and beverage industry for various applications, including flavor enhancement, protein fortification, and fermentation processes for food production. Moreover, an increasing usage will further accelerate the segment trends.
 

Based on application, the single cell protein market is segmented as Food And Beverages {Meat Analogs, Bakery, Dairy Alternatives, Cereals & Snacks, Beverages, Others} Animal Feed {Poultry[Broiler, Layer, Turkey, Others], Swine[Starter, Grower, Sow], Cattle [Dairy, Calf], Aquaculture [Salmon, Trout, Shrimp, Carp, Others], Pet Food [Dogs, Cats, Birds, Fish], Equine, Others}, Dietary Supplements, Others. Food and beverages held a dominant market share of around 75% in 2022 and is expected to grow at a lucrative pace by 2032. SCP is considered a sustainable protein source, which aligns with the growing consumer and industry focus on sustainability in food production.
 

U.S. single cell protein market exceeded USD 1.9 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has witnessed a significant surge in the popularity of plant-based diets and alternative protein sources. SCP can be used in plant-based meat alternatives, dairy-free products, and protein-enriched snacks, catering to consumers seeking healthier and more sustainable protein options. Thus, the above-mentioned variables would augment the Single cell protein business growth in the North America positively.