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The market has been classified as bacteria, yeast, algae 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 9.1% 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.
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The protein extracts from single cell protein sources market is categorized into biotechnology, animal feed, agriculture and fertilizers, and others, on the basis of application. During the forecast period, the demand for these products is expected to witness the highest growth for animal feed application area, at a CAGR of 8.8%.
In September 2017, Cargill acquired Southern States Cooperative Inc. Under the terms of the agreement, Cargill purchased the assets of Southern States Cooperative’s animal feed business, including seven feed mills and its portfolio of products, brands and customer and supplier relationships. The acquisition aimed to strengthen Cargill’s distribution network and go-to-market capabilities in the Southeast, Mid-Atlantic and Northeast regions of the U.S.
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Some of the other key players operating in the protein extracts from single cell protein sources industry are euglena Co. Ltd., Tangshan Top Bio-Technology Co. ltd, Cangzhou Tianyu Feed Additive CO. LTD, Valensa International, euglena Co. Ltd, Nutreco N.V., Bega Cheese Limited, Lallemand Inc., Unibio International plc, Cyanotech Corporation, Unilever Group, Glanbia plc, and Qingdao CBH Co. Ltd.
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