Protein Extracts from Single Cell Protein Sources Market Size 2023

1. Protein Extracts from Single Cell Protein Sources Market to Reach $8.7 Billion by 2023

2. Global protein extracts from single cell protein sources market size is predicted to reach $8.7 billion by 2023. Rising initiatives to create awareness about health and environmental benefits of alternative protein sources, rise in the production of animal feed, and increasing initiatives by public and private entities to cater the increasing demand for protein are the major factors driving the growth of the market. Explore report at: https://www.psmarketresearch.com/market-analysis/protein-extracts-from-single-cell-protein-sources-market “

3. The market has been classified as algae, yeast, bacteria and fungi, on the basis of source. Of all types of sources, the fastest growth in the protein extracts from single cell protein sources market during the forecast period is expected from algae category, with 9.3% CAGR. SCP for human consumption is generally produced from food grade substrates, but the processes are being developed to produce SCP from inexpensive waste materials, food and beverage processing industries, as well as directly from forestry and agricultural sources. Algae has large biomass than fungi (filamentous fungi and yeast) and bacteria, and can be used as SCP, which is an advantage over other sources of protein, and thus accelerate the growth of protein extracts from single cell protein sources market. Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=protein-extracts-from-single-cell-protein-sources-market

4. During the historical period, North America held the largest share in the global protein extracts from single cell protein sources market, with 37.3% contribution in 2017. The major reasons for the largest share of the regional market include introduction of matured biotechnology industry, coupled with presence of major market players in the region. Moreover, conferences conducted in the U.S. and Canada for pertinent technologies, that address challenges in the development of protein products also support the growth of the market in the region. For instance, in May 2017, a conference titled “Global Food Forums Protein Trends & Technologies Seminar” was conducted in Illinois, U.S. This conference was aimed at enhancing knowledge and skills of personnel of organizations producing protein extracts for the development of new and innovative protein-centric products. Request for report sample at: https://www.psmarketresearch.com/market-analysis/protein-extracts-from-single-cell-protein-sources-market/report-sample

5. In order to increase their market share, key players of the protein extracts from single cell protein sources industry are pursuing acquisitions. For instance, in January 2018, Cargill Incorporated (Cargill) acquired Pro-Pet LLC. The acquisition was aimed to strengthen Cargill’s distribution channel of animal feed and pet food offerings in the agriculture retail market. The terms of the transaction were not disclosed. Some of the other key players operating in the protein extracts from single cell protein sources industry are Lallemand Inc., Unibio International plc., Qingdao CBH Co. Ltd., euglena Co. Ltd., Unilever Group, Valensa International , Bega Cheese Limited, CangzhouTianyu Feed Additive Co. Ltd., Tangshan Top Bio-Technology Co. Ltd, Cargill Incorporated.

6. THANK YOU! For queries, kindly write to: enquiry@psmarketresearch.com GET IN TOUCH www.psmarketresearch.com B-13, Sector-2, Noida, U.P.-201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 US/Canada Toll-Free: 1-888-778-7886