Conventional microbial technology has been developing
gradually, and is amalgamated with cutting-edge innovations so as to offer
improved procedures for the creation of biopharmaceuticals, proteins, and
metabolites. Several novel methodologies are being utilized in the bacterial
articulation stage to improve protein production. Some of the approaches
include strong use of promoters, high-throughput devices, process screening,
metabolic engineering, and fermentation technologies. These evaluations as well
as production technologies have developed in recent times, leading to diverse manufacturing
techniques for improving the production of microbial solutions, with ways to
achieve cost-effectiveness as well for attracting customers, thus driving the
growth of the single cell protein market.
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·
For instance, Unibio A/S developed a fermentation
technology known as the U-Loop technology, which converts methane into protein
products of high concentration for gaining economies of scale and providing
products at affordable prices to customers.
The global single cell protein market has witnessed substantial
growth over the past few years, and this trend is expected to continue
throughout the forecast period of 2020 to 2030. The market is projected to rise
at a steady CAGR of around 7% during the forecast period.
Key Takeaways from
Single Cell Protein Market Study
·
By species, the algae segment has the highest
value share, owing the high protein content and application in animal feed.
·
The higher nutritional content and ability to
produce large amounts in shorter time makes single cell protein a potential
alternative protein in animal feed, due to which, the animal feed segment,
under end use, is projected to exhibit a high growth rate.
·
Among the animal feed segments, the fish feed
segment is witnessing the highest market value share in the single cell protein
market. The major contributing factor is high growth of the aquaculture
industry, which has increased the demand for animal nutrition products.
·
The Covid-19 pandemic has led to lockdowns and
trade restrictions, which has impacted to supply chain of the single cell
protein, thereby restricting its growth.
“Players in the single cell protein market could gain broad
profits by targeting animal feed manufacturers due to the growing demand for
animal nutrition products. Moreover, the rising consumption of fortified food
products is another potential growth factor for the single cell protein
market,” says a PMR analyst.
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Single Cell Protein
Market: Competitive Landscape
The single cell protein market is consolidated in nature.
Key players operating in the single cell protein market are making sure that
they adapt their market strategies to benefit the most from the prevailing
market trends. Leading manufacturers are adopting strategies such as business
expansion and innovation, with focus on using cutting-edge technologies for
single cell protein production. Additionally, market players are targeting
animal nutrition product manufacturers to gain additional profits.
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Persistence Market Research, in its new report, offers an
impartial analysis of the global single cell protein market, presenting
historical data (2015-2019) and estimation statistics for the forecast period
of 2020-2030. The study offers compelling insights on the single cell protein
market based species (yeast, fungi, bacteria and algae), and application (food
& beverage, animal feed, dietary supplements and others) across seven
regions.
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