According to a report by Grand View Research, Inc., global protein extracts from single cell protein and other conventional sources market is anticipated to value USD 26.3 billion by 2025. Growing requirement for food and feed having optimal amino acid composition and low-fat concentration is anticipated to propel demand for protein extracts from single cell protein and other conventional sources.
High demand for products that can be manufactured using ethical production methods can influence growth of market. Shifting preference to functional role than nutritional role in terms of food and feed can spur market growth over next few years. Continual technological advancements in production of proteins from single cell can drive growth of market. Increasing number of R&D activities in nutraceuticals from manufacturing companies to gain traction among consumers can stimulate market growth. Growing awareness among consumers regarding health benefits of protein derived from single cell protein can other microbial origin can influence market growth during the forecast period (2014 to 2025).
Full Research Report On Single Cell Protein And Other Conventional Sources Market Analysis:
The protein extracts from single cell protein and other conventional sources market can be segregated on the basis of source, application, and region. Based on source, the market can be categorized into microbial sources (single cell proteins), plant protein extract sources, and microbial sources (direct use). In 2016, plants extracts dominated the market and accounted for largest revenue share. Increasing use of plant extracts in food and animal feed can fuel demand. In addition, prevalence of numerous methods to extract proteins from plants can contribute well for growth of this segment during the forecast period. In addition, employment of food grade substrates to produce SCP for human consumption can also contribute well for market growth. However, there are processes under development phase, which can be used for SCP production from inexpensive waste materials.
Based on application, the market can be classified into animal feed, biotechnology, agriculture & fertilizers, and others. Protein is expected to play pivotal role in various field of biotechnology such as cell cultivation, pharmacy, nutraceuticals, and cosmetics. Companies involved in manufacturing of cosmetics and nutraceuticals are likely to benefit more attributed to easy availability of significant number of sources that can be implemented within cosmetics and nutraceuticals sector. In addition, peptide drug is estimated to be the fastest growing drug class in pharmaceutical sector attributed to availability of advanced technology.
View More Reports Of This Category By Grand View Research At:
Regional segmentation includes Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. In 2016, North America dominated the market and accounted for largest market share. High prevalence of major firms introducing advanced biotechnology techniques in the region can fuel market growth. Companies based in Untied States (U.S.) such as KnipBio, Cyanotech Corporation, and Nucelis are expected to contribute to major market share. These companies are likely to produce single cell protein (SCP) and sell their products such as Spirulina in the market to generate high revenue. In addition, ongoing research studies in U.S. regarding use of microbes as alternative nutrient source can further contribute to growth of market in this region.
In Asia Pacific, the market is expected to grow at significant rate attributed to countable contribution from countries such as China, India, Japan, and Vietnam. All these countries are expected to undertake efforts to enhance their share in global animal feed sector. In 2016, Vietnam with 21% growth, entered list of top 15 Asian feed-producing countries. In addition, increasing number of patents being filled by companies and universities in China related to SCP can contribute well for market growth during the forecast period.
Some of the leading companies offering protein extracts from single cell protein and other conventional sources are Marlow Foods Limited; KnipBio; BlueBioTech Int. GmbH; Lallemand Inc.; and Tangshan Top Bio-technology Co., Ltd. Most companies are likely to adopt viable strategies such as mergers & acquisitions with other companies and development of innovative products to enhance their market position.
Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
Country: United States