Increasing Populace of Livestock Drives Protein Extracts From Single Cell Protein Sources Market

The global protein extracts from single-cell protein sources market are experiencing growth, according to P&S Intelligence. This growth can be ascribed to the increasing initiatives to spread awareness regarding well-being and environmental advantages of substitute protein sources, growth in the making of animal feedstuff, and snowballing initiatives by public and private players to fulfill the growing demand for protein. 

Based on sources, the protein extracts from the single-cell protein sources industry are divided into fungi, algae, bacteria, and yeast. The algae category is dominating among these, with a 33.4% share in the market in recent years. 

This can be credited to the increasing acceptance of commercialized algae-based Chlorella and Spirulina in several industries such as food & beverage, biotechnology, cosmetic, agriculture, pharmaceutical and biotechnology, and animal feed. 

Protein Extracts from Single Cell Protein Sources Market

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The items in the protein extracts from the single cell protein sources industry find application in biotechnology, animal feed, fertilizers, agriculture, and others. Animal feed was the largest application extent in the market in the past few years. 

The rising making of animal feed because of the increasing populace of buffalo, cattle, and livestock is the main reason contributing to the largest share of this application area in the worldwide industry. 

The APAC protein extracts from the single-cell protein sources industry are projected to experience the fastest growth in the coming few years, with a 9.8% compound annual growth 

rate. 

The nations in the APAC are displaying significant development in animal feed production in the past few years. In the APAC, the livestock manufacturing rate is high which surges the consumption of protein and other nutrients. SCP is one of the key reasons that is projected to lift animal feed production. 

Several initiatives have been introduced to increase the attention of customers toward the advantages of proteins including chlorella and spirulina. 

For example, Valensa International, a manufacturer of microalgae-based nutraceuticals, allied with the Algae Biomass Organization (ABO), 2017, a U.S.-based trade association for the algae market. 

This corporation targeted to spread awareness regarding microalgae as a supportable source for animal feed, human nutrition, chemical, fuel, water treatment service, and other items. 

Microalgae are also utilized in governing air pollution. Additionally, the European Algae Biomass Association arranges workshops and discussions to spread awareness regarding the utilization of algae-based items for their environmental characteristics. Therefore, a growing initiative to increase awareness regarding substitute proteins among customers is projected to drive the advancement of the worldwide industry. 

Hence, the increasing initiatives to spread awareness regarding well-being and environmental advantages of substitute protein sources, and growth in the making of animal feedstuff are the major factors contributing to the growth of the industry. 

SOURCE: P&S Intelligence