Global single cell protein industry share will grow at a consistent rate due to rapid advancements in the food processing sector. The food & beverage sector is witnessing a notable rise in experimental cuisines, which have now become popular globally, leading to more food exports.
According to a report by the U.K.’s Food & Drink Federation (FDF), food and drink exports contributed more than USD 21 billion to the region’s economy. These exports reached over 220 nations and territories across the world, with the top 3 export allies being Ireland, France, and the U.S.
Global single cell protein market value is predicted to go beyond USD 18.5 billion by 2030. Some of the global trends that will boost the product adoption are discussed below.
Get a Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/5345
These statistics are a vital indicator of the global reach of various processed foods and drinks. The growing popularity of veganism and meatless meat has fueled the usage of single cell proteins (SCPs) as they are considered an excellent replacement for meat-based proteins for human consumption. Animal feed producers are also adopting SCPs on a large scale to enhance the overall nutritional value of their products.
1. Rising production of livestock to boost animal feed sales:
Animal feeds form an important part of animal nutrition and wellbeing. The percentage of meat-eating population is also rising every year, bolstering the need for healthier livestock to produce quality meat products. According to the latest forecasts by the U.S. Department of Agriculture (USDA), in 2022, customers in the U.S. are expected to have access to 224.6 pounds of red meat and poultry on per-capita retail weight basis.
This scenario has also positively impacted the production of animal feeds. As per the American Feed Industry Association (AFIA), more than 5,800 animal food manufacturing plants located in the U.S. produce over 284 million tons of pet foods and finished feeds every year. SCPs are a rich source of proteins and other vital nutrients, such as amino acids, vitamins, and crude fibers, making them an ideal ingredient in cattle and poultry feeds.
2. Rising consumption of baked goods will bolster SCP production:
Single cell protein consumption could surge over the coming years, as the overall demand for baked goods is rising. Developed regions across Europe and North America are major consumers of bread & other related products, where in many places they are considered staple foods.
Nearly 65% of the flour manufactured in the U.K. is utilized to make bread products. The average bread purchases in the region are equal to 60.3 loaves per person every year. Bakery chains are witnessing robust growth across the world. Bakery sector is among the prominent food & beverage sector applications for SCP. Single cell yeast protein can be used in bakery products as a good source of vitamins and crude fibers.
3. North America to record robust production of single cell proteins:
The demand for single cell proteins is growing across the North American region due to the rising consumption of dietary supplements. As more citizens are growing health conscious, especially after the COVID-19 outbreak, the production of nutritional supplements has skyrocketed in recent years.
Around 77% of Americans consume at least one dietary supplement, with 25.59% more women using these nutraceuticals than men. Single cell proteins form an important part of these drugs as they can enhance a consumer’s immunity level and reduce the deficiency of various nutrients. They can also improve the level of amino acids and healthy fats.
Request for Customization in this Report @ https://www.gminsights.com/roc/5345
The future of single cell proteins looks quite promising as the consumption of nutraceuticals has witnessed a strong spike in recent years. Advanced technologies are being introduced in the protein secretion process of single cell proteins, such as the development of the FluoroDOT assay at the Washington University School of Medicine that can visualize and measure the proteins produced by a single cell in 30 minutes. Similar developments will support the demand for these proteins across various sectors, including pharmaceutical.
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
Corporate Sales, USA
Global Market Insights Inc.
Email: [email protected]