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Protein Extracts from Single Cell Protein Sources Market

Protein Extracts from Single Cell Protein Sources Market by Source (Bacteria, Yeast, Algae, Fungi), by Application (Biotechnology, Animal Feed, Agriculture & Fertilizers), by Geography (U.S., Canada, Germany, U.K., France, Italy, Spain, China, India, Japan, Brazil, Mexico, South Africa) – Global Market Size, Share, Development, Growth and Demand Forecast, 2013–2023

Published: June 2018
Report Code: LS11487
Available Format:
Category : Biotechnology

Protein Extracts from Single Cell Protein Sources Market Overview

The global protein extracts from single cell protein sources market generated $5.3 billion revenue in 2017 and is projected to witness a CAGR of 8.6% during the forecast period, on account of the continuous rise in cattle inventory and consequent growth in animal feed production, rapid advances in single cell protein (SCP) production and commercial success of spirulina and chlorella as an alternative protein source.

 

GLOBAL PROTEIN EXTRACTS FROM SINGLE CELL PROTEIN SOURCES MARKET, BY SOURCE, $M (2013-2023)

PROTEIN EXTRACTS FROM SINGLE CELL PROTEIN SOURCES MARKET

On the basis of source, the protein extracts from single cell protein sources market is categorized into bacteria, yeast, algae and fungi. Among these, the bacteria category held the largest share in protein extracts from single cell protein sources market, accounting for 31.8% in 2017.

The SCP from bacteria constitute largest share due to its rapid generation, and production of more favorable protein for consumption and application, than any other sources such as algae and fungi. Therefore, large quantities of SCP are being produced using bacteria. Some of the advantages associated with production of SCP by bacteria are, short generation times; capability of growing on a variety of raw materials; temperature tolerance; and non-pathogenic protein extracts.

The products in the protein extracts from single cell protein sources market find application in biotechnology, animal feed, agriculture and fertilizers, and others. Biotechnology held the largest share in the market, accounting for 45.5% in 2017. Organizations involved in healthcare research are adopting modern biotechnological tools to utilize the potential of microbes as an alternative protein source. Moreover, companies are investing considerably to develop technologies for production of SCP that can be used by biotech professionals to meet the growing global protein demand.

Geographically, the Asia-Pacific (APAC) protein extracts from single cell protein sources market is predicted to witness the fastest growth during the forecast period, with 9.8% CAGR. The countries in the APAC are showing considerable growth in animal feed production in recent times. In the APAC, the livestock production rate is high which increases the consumption of protein and other nutrients. SCP is one of the major factor that is expected to boost animal production. Also, protein extract from SCP is being used to prevent malnutrition in infants, children and pregnant women.

Furthermore, spirulina has been widely used in patients having malnourishment or suspected with AIDS in APAC. The high protein content of spirulina makes it an immunity booster and, therefore, it is also being used as an ideal food supplement. This is expected to drive the protein extracts from single cell protein sources market in the region.

Protein Extracts from Single Cell Protein Sources Market Dynamics

Growth Driver

Factors such as commercial success of spirulina and chlorella as an alternative protein source, rapid advances in single cell protein production, and continuous rise in cattle inventory and consequent growth in animal feed production are driving the growth of protein extracts from single cell protein sources market.

In context with commercial success of spirulina and chlorella as an alternative protein source, the production of single cell protein (SCP) has important advantages over other sources of proteins, such as its considerably shorter doubling time, the small land requirement, and the fact that it is not affected by the weather conditions. Thus, various advantages of SCP over other proteins are driving the growth of the protein extracts from single cell protein sources market.

For instance, BlueBiotech Int GmbH is a micro-algal biotechnology company, which manufactures large quantities of Spirulina and Chlorella. Similarly, Cyanotech Corporation is one of the world’s leading producers of Spirulina with sales in the U.S. and 30 other countries. Moreover the U.S. Food and Drug Administration has given GRAS status for Cyanotech’s Spirulina as a food ingredient. Cyanotech also reported the upturn in Spirulina sales. In addition, the players in the market are trying to produce protein extracts in which the taste of spirulina can be masked, in order to gain a competitive edge. Application of spirulina as a multipurpose nutraceutical drives the research interest of manufacturer in single cell protein production.

Similarly, in context to consequent growth in animal feed production, rising investment in the animal feed industry for meeting the rising demand of cattle feed is expected to serve as a fillip to the market size growth over the forecast period. India ranks first with respect to cattle inventory and the demand for cattle inventory is constantly increasing in the U.S., thus driving the demand for animal feed and protein extracts from different sources.

Protein Extracts from Single Cell Protein Sources Market Competitive Landscape

As part of business strategy, companies are entering into partnership agreement and expanding their product portfolio in the protein extracts from single cell protein sources industry to increase their market share. For instance, in January 2018, Cargill Incorporated announced the joint venture agreement with PURIS, a largest producer of pea protein in North America. The partnership aimed to accelerate a new wave of tasting, sustainable and label-friendly plant-based products. The partnership agreement aimed to meet the growing demand for protein, globally, and to help customers deliver label-friendly products.

Similarly, in June 2017, Valensa International (Valensa) joined the Algae Biomass Organization (ABO), a trade association of algae industry, to expand the availability of algae-based products in a number of markets. Valensa is having an experience in commercializing advanced technologies in human health and nutrition, which are most important to provide new products, improve global sustainability, and trigger new economic growth.

Some of the other key players operating in the protein extracts from single cell protein sources industry are euglena Co. Ltd., Tangshan Top Bio-Technology Co. ltd., Cangzhou Tianyu Feed Additive Co. Ltd., euglena Co. Ltd, Nutreco N.V., Bega Cheese Limited, Lallemand Inc., Unibio International plc, Cyanotech Corporation, Unilever Group, Glanbia plc, and Qingdao CBH Co. Ltd.

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