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Single Cell Protein Market Size

Report ID: GMI5345
Published Date: Oct 2023
Report Format: PDF

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Single cell protein Market Size

Single Cell Protein Market size was valued at around USD 13.1 billion in 2022 and is estimated to reach USD 75.9 billion by 2032. As the world's population continues to increase, there is an increasing demand for protein-rich foods.

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Single Cell Protein can be used as an alternative protein source to meet the dietary protein requirements of a growing population. The aforementioned factors are therefore expected to accelerate market expansion in the upcoming years. The rise in vegetarianism, veganism, and flexitarian diets has boosted the demand for plant-based and alternative protein sources, including Single Cell Protein.

Single Cell Protein Market Report Attributes
Report Attribute	Details
Base Year:	2022
Single Cell Protein Market Size in 2022:	USD 13.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	19.4%
2032 Value Projection:	USD 75.9 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	137
Segments covered:	Source, Application, Region
Growth Drivers:	Increasing adoption in dietary supplements Growing malnourished population around the globe Growing industrial livestock production will drive animal feed protein demand Government initiatives to boost algae protein industry growth will drive product demand
Pitfalls & Challenges:	Acceptance and Consumer Perception Cost of Production Regulatory Approvals

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Concerns about the environmental impact of traditional livestock farming, such as land use, water consumption, and greenhouse gas emissions, have led to a growing interest in sustainable protein sources like Single Cell Protein. SCP production typically has a lower environmental footprint compared to animal agriculture.

One of the significant challenges is the consumer acceptance and perception of Single Cell Protein as a food source. SCP products may not always match the taste and texture of traditional protein sources like meat. Regulatory agencies in various countries have specific guidelines and regulations for novel food ingredients, including SCP. Thus, the risks associated with Single cell protein may drive down the acceptance rate, further hampering the business expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Single cell protein industry size was USD 13.1 billion in 2022 and may reach USD 75.9 billion by the end of 2032 due to the increasing demand for protein-rich foods worldwide.

Single cell protein industry size from the yeast source segment recorded USD 4.6 billion in 2022 driven by higher adoption across the food and beverage sector for flavor enhancement, protein fortification, and fermentation processes.

U.S. single cell protein industry size was USD 1.9 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 due to the surging popularity of plant-based diets and alternative protein sources.

Some of the major single cell protein firms are Novozymes, Nutreco N.V., Archer Daniels Midland Company (ADM), Lallemand Inc., Alltech, DuPont (Danisco), Calysta, Inc., Lesaffre, Evonik Industries, CJ CheilJedang Corporation, Unibio, Protix, FermBiotics, and Solar Foods.