Pursuit of New Protein Sources for Feed and Food Industry Enriches the Value Chain in Single Cell Protein (SCP) Market, Valuation to Climb at CAGR of 9.3% During 2020 - 2030: TMR

ALBANY, N.Y., June 9, 2021 /PRNewswire/ -- Single-cell protein (SCP) has gained attention among biotechnology and food sector on the back of its potential to address ballooning demand for animal-based protein world over. SCP is obtained from a variety of organisms, with microbial and algal cells being the most popular ones. The ASEAN single cell protein (SCP) market prospect for plant-based protein sources along with microbial protein, with SCP being a prominent category, has expanded remarkably in developed world. With the growing share of protein in human consumption, the single cell protein market in ASEAN is expected to rise at a promising rate: Analysts at TMR project the market to expand at CAGR of 9.3% during 2020 – 2030.

ALBANY, N.Y., June 9, 2021 /PRNewswire/ -- Single-cell protein (SCP) has gained attention among biotechnology and food sector on the back of its potential to address ballooning demand for animal-based protein world over. SCP is obtained from a variety of organisms, with microbial and algal cells being the most popular ones. The ASEAN single cell protein (SCP) market prospect for plant-based protein sources along with microbial protein, with SCP being a prominent category, has expanded remarkably in developed world. With the growing share of protein in human consumption, the single cell protein market in ASEAN is expected to rise at a promising rate: Analysts at TMR project the market to expand at CAGR of 9.3% during 2020 – 2030.

In recent years, interest in generating SCP from human microbiome has risen, with its potential in producing meat analogs, such as plant-based meats, and non-diary milk. Consumers for both have grown substantially in recent years. All these trends will help the ASEAN single-cell protein market to attain a worth of US$ 232 Bn by 2030-end.

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Key Findings of ASEAN Single Cell Protein Market Study

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ASEAN Single Cell Protein Market: Key Driving Factors and Avenues

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Single Cell Protein Market: Key Participants

Several companies are expanding their stakes in ASEAN single-cell protein market motivated by the mounting food security concerns, notably in Asia. Top players are keen on customizing the protein profiles of their products to meet the various demands in food and feed industries.

Some of the prominent industry players are Calysta, Inc., Novus International, Inc., Parry Nutraceuticals Limited, Unibio A/S, Alltech, Inc., and Evonik Industries AG.

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