The Single Cell Oil Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Single Cell Oil Market:
https://www.thebusinessresearchcompany.com/report/single-cell-oil-global-market-report
According to The Business Research Company’s Single Cell Oil Global Market Report 2024, The single cell oil market size has grown exponentially in recent years. It will grow from $96.71 billion in 2023 to $123.93 billion in 2024 at a compound annual growth rate (CAGR) of 28.1%. The growth in the historic period can be attributed to demand for nutritional supplements, search for sustainable oil sources, focus on functional foods, alternative to fish oil, diverse applications in food industry.
The single cell oil market size is expected to see exponential growth in the next few years. It will grow to $336 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to continued growth in nutraceuticals, biofuel production, expanding plant-based protein market, rising demand for vegan products, application in personal care products. Major trends in the forecast period include strategic partnerships and collaborations, customized lipid profilesg, advancements in fermentation processes, biotechnological advancements, commercialization of algal oils.
The increasing demand for biofuels is expected to propel the growth of the single-cell oil market going forward. Biofuel refers to a type of fuel that is derived from renewable biological sources, such as plants or animal waste. The increasing demand for biofuels is mostly driven by the depletion of fossil fuel reserves, climate change, rapid urbanization, and increasing concerns over energy security, where biofuels are considered to be a more sustainable and cost-effective alternative to traditional fossil fuels. Due to their similar fatty acid composition and structure to plant oil, single-cell oil be used in the manufacturing of biodiesel. For instance, in 2021, International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the worldwide demand for biofuels will increase by approximately 41 billion liters, or 28%, between 2021 and 2026. Therefore, increasing demand for biofuels will fuel the single-cell oil market growth.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=10325&type=smp
The single cell oil market covered in this report is segmented –
1) By Micro-organism: Bacteria, Yeast, Microalgae, Fungal
2) By Grade: Fuel, Feed, Food
3) By Raw Material: Sugarcane Mill, Agro-Industrial Waste
4) By Application: Bio-Fuel Feedstock, Fish Oil Substitute, Functional Oils, Animal Feed, Infant Formulae, Pharmaceutical Products, Aquaculture
Product innovation has emerged as a key trend gaining popularity in the single-cell oil market. Major players operating in single-cell oil market are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in October 2022, Grøntvedt Pelagic AS, a Norway-based producer of marinated herring, launched Norwegian herring fish oil. The launch of this new brand of Norwegian herring fish oil is significant as it provides consumers with a high-quality, sustainable source of cetoleic acid. The unique feature of Norwegian herring fish oil is that it is taste and smell-free, which makes it suitable for a wide range of applications, including use in food supplements, pet food, and pharmaceuticals.
The single cell oil market report table of contents includes:
1. Executive Summary
2. Single Cell Oil Market Characteristics
3. Single Cell Oil Market Trends And Strategies
4. Single Cell Oil Market – Macro Economic Scenario
5. Global Single Cell Oil Market Size and Growth
.
.
.
26. South America Single Cell Oil Market
27. Brazil Single Cell Oil Market
28. Middle East Single Cell Oil Market
29. Africa Single Cell Oil Market
30. Single Cell Oil Market Competitive Landscape And Company Profiles
Top Major Players:
- CAE Inc
- The Boeing Company
- FlightSafety Inc
- Thales Group
- Airbus SAS
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 6353
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
