The global market for protein extracts from single-cell protein (SCP) and other conventional sources is experiencing significant growth, driven by a multitude of factors. This report delves into the market’s current landscape, future projections, and key driving forces.
Market Size and Growth Trajectory
According to a TechSci Research report, the global protein extracts from single-cell protein and other conventional sources market reached a value of USD 20.33 billion in 2023. This market is anticipated to witness a healthy Compound Annual Growth Rate (CAGR) of 7.12% during the forecast period of 2025-2029. This impressive growth can be attributed to several key trends:
Key Drivers of Market Growth
The protein extracts market is fueled by several key drivers:
Single-Cell Protein: A Promising Source
Single-Cell Protein (SCP) is emerging as a promising source of protein extracts. Genetically modified yeast sourced from bioethanol factories is already being used as cattle feed due to the advantages of SCP. These SCP products are suitable for both animal feed and human consumption.
Companies like DuPont are actively involved in yeast genetic engineering to create long-chain omega-3 fatty acids, essential for human health.
Market Leaders and Notable Examples
The market for protein extracts witnesses substantial revenue generation from numerous players producing Spirulina and Chlorella. Some prominent examples include:
Looking Ahead: Innovation and Market Expansion
Companies are actively exploring new ways to introduce protein extracts. Examples include Spirulina in the form of a nutritional drink and live Spirulina as a probiotic supplement. Efforts are also underway to mask Spirulina’s taste, enhancing its consumer appeal.
The versatile applications of Spirulina as a multifunctional nutraceutical are driving manufacturers’ research interest in single-cell-derived products. This focus on innovation is expected to contribute to further market expansion.
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Market Segmentation: Understanding the Landscape
The Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market is segmented into four key categories:
Competitive Analysis: A Dynamic Landscape
The protein extracts market is a dynamic landscape with several established players and emerging companies vying for market share. Some key strategies employed by competitors include:
Benefits of a Market Research Report on Protein Extracts
A market research report on protein extracts from single-cell protein and other conventional sources offers valuable insights for various stakeholders within the industry. Here are some key benefits:
Major companies operating in Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market are:
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“The Global Protein Extracts Market is undergoing a period of transformation, driven by a convergence of dietary preferences, sustainability concerns, and technological advancements. As consumer demand for alternative protein sources and customized nutrition grows, the market is poised for substantial expansion. The upcoming key trends are indicative of the evolving landscape of the protein extracts industry, offering a glimpse into the exciting future that lies ahead. As these trends continue to shape the market, consumers can expect a broader selection of protein products that cater to their unique needs and preferences, while also promoting sustainability and ethical production practices,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Protein Extracts From Single Cell Protein And Other Conventional Sources Market Source (Plant Protein Extract Sources, Microbial Sources – Single Cell Proteins, Microbial Sources – Direct Use), By Application (Biotechnology (Pharma, Cell Culture Media, Others), Animal Feed, Agriculture &Fertilizers, Others), By Region, By Competition Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Protein Extracts From Single Cell Protein And Other Conventional Sources Market.
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