USD 44.3 million
Report ID: SQSG30I2037 | Region: Global | Published Date: September, 2022 | Pages: 165 | Tables: 66 | Figures: 75
Global Microbial Protein Market size was valued at USD 44.3 million in 2021 and is poised to grow from USD 47.3 million in 2022 to USD 76.8 million by 2030, growing at a CAGR of 6.7% in the forecast period (2023-2030).
Protein can also be obtained by cultivating various bacteria and algae, ideally those with more than 30% protein in their biomass and a good balance of essential amino acids. Although some generating microorganisms, such as filamentous fungus or filamentous algae, may be multicellular, microbial protein is commonly referred to as single cell protein (SCP). In addition to their direct use as SCP, microorganisms contribute to protein demand through improving the protein content or quality of fermented foods. Although microbial protein accounts only a modest component of current human nutrition, the increasing global demand for protein is anticipated to make SCP more essential.
High growth rates or the ability to use unique substrates, such as CO2 or methane, result in procedures that are far more efficient and/or sustainable than traditional agriculture.
US Microbial Protein Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 44.3 million
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The global Microbial Protein market is segmented based on type, application and region. Based on type, Microbial Protein market is segmented into Algae, Bacteria, Yeast, Fungi. Based on application, the market is segmented into dietary nutrition, functional nutrients, sports nutrition, infant nutrition, others. Based on region, the Microbial Protein market is categorized into North America, Europe, Asia-Pacific, and MEA.
Microbial Protein market Analysis by type
Bacterial Proteins dominated the market in 2021, accounting for a CAGR of 7.9%. Microbial Protein production can take place in highly controlled, contained, and automated bioreactors similar to those used in the food industry's fermentation operations. Because bacteria can convert Haber Bosch nitrogen into cellular protein with an unrivaled efficiency of close to 100% in such reactor systems, the overall nitrogen efficiency of the complete feed/food chain would become far higher than conventional protein supply routes. In comparison to fungus, algae, and yeast, bacteria have the advantage of not only growing quickly on organic substrates but also on gases such as methane, hydrogen, and syngas (a mixture of CO + H2). When bacteria are fed one of these substrates, they can create highly concentrated cellular protein that accounts for up to 75 wt% of the dry microbial biomass at protein production rates of 2-4 kg per m3 reactor volume per hour. The rates of protein production using naturally occurring microbes are several orders of magnitude higher than plant-based protein production. The ability of bacteria to utilise hydrogen (in combination with carbon dioxide), methane gas, or syngas as their energy source creates a once-in-a-lifetime potential to entirely bypass agriculture-based feed and food production, allowing for nearly land-free Microbial Protein production.
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The Microbial Protein market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to account for the largest share of the microbial protein market by 2022. The prominent position of North America in the Microbial Protein market is attributed to the increasing focus on producing protein using sustainable methods due to rising environmental concerns and ethical aspects associated with animal protein, the increasing vegan population, the increasing number of investments in microbial protein products, the increasing demand for healthy & nutritional products, and technological advancements in the food industry. During the forecast period, Asia-Pacific is expected to have the highest CAGR. The rapid expansion of this regional market is primarily due to increased awareness of the benefits of protein-rich diets, technical advancements in the food and beverage industry, a fast-growing economy, and a wide availability of raw materials.
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Microbial Protein market Driver
Increasing consumer awareness of algal proteins, such as spirulina, which is high in minerals and antioxidants and provides numerous health advantages, is increasing demand for microbial proteins. Furthermore, in terms of protein amount, amino acid purity, and nutritional acceptability, algal proteins have a high nutritional value. Their functional features, such as gelation, water and fat absorption capacity, emulsification capacity, and foaming capacity, qualify them for a variety of novel applications.
Microbial Protein market Opportunity
Mycoprotein is a great source of fiber, having approximately six grams of fiber per 100 grams, which is up to 24% of the fiber that a consumer requires for the entire day. Mycoprotein has also gained advantageous properties, propelling its use in a variety of food and allied industries. Its low-energy, low-fat, and high-fiber profile makes it an excellent source of nutritious protein. Emerging data also suggests that mycoprotein consumption has broader benefits, such as potential satiety as well as metabolic and muscle benefits. Manufacturers and product formulators are attempting to enter the market with their novel products and ingredient offerings, catering to the expanding customer demand.
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The microbial protein market is highly fragmented, with numerous small and medium-sized companies as well as new entrants penetrating the market. Over the last 4 to 5 years, these businesses have employed a variety of tactics to extend their product and service offerings, worldwide footprints, and market shares. Most firms in the microbial protein industry used agreements, collaborations, partnerships, new product launches, expansions, mergers, acquisitions, and joint ventures as significant tactics.
Microbial Protein market Top Players Company Profiles
Microbial Protein market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, the increased need for protein and meat alternatives from the world's fast-growing population has resulted in the development of novel food ingredients from nontraditional sources. Protein manufacturers are currently developing novel solutions to meet the growing demand for alternative proteins. Over the last decade, there has been a surge in interest in developing and manufacturing plant and cell-based meat substitutes. Meat substitutes are fungal protein-based products that look and taste like meat and have the potential to play an important role in encouraging dietary change. Plant-based and fungal protein are becoming increasingly important around the world, sparking interest in their capacity to supply the growing need for protein from non-meat sources since excessive meat consumption levels are increasingly being questioned due to ethical and environmental concerns.
|Market size value in 2021||USD 44.3 million|
|Market size value in 2030||USD 47.3 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Microbial Protein Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Microbial Protein Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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