Microbial Protein Market Forecast and CAGR
It is a nutrient obtained from microbial sources such as bacteria, fungi, and algae that can be utilized in supplements and animal feeds. It has various applications in animal feed, food & beverages, and nutraceuticals. The consumer demand for the market is expected to rise over the assessment period due to its vast range of practical applications. The global business shall surpass increment $ opportunity of US$ 79 Mn during similar term.
The growth of the nutraceutical and pharmaceutical industries is expected to reinforce the potential. Due to the recent developments in the nutraceutical sector which result in the increased consumption of microbial proteins owing to its benefits in feed intake and digestion, stimulation of the immune system in the animals is expected to boost the market.
The market is expected to register a moderate CAGR as there exists an increase in the production of biopharmaceuticals that consist of microbial proteins. Owing to these factors, demand for the product is set to behold huge gain over the forecast period.
It is also known as single-cell protein and made up of algae, fungi, or bacteria that are consumed as food by humans and animals. Mycoprotein being one an example is a fungus-derived protein that goes into a range of vegetarian meat substitutes brand like Quorn.
What is Driving Demand for Microbial Protein Market?
Increase in the use of microbial protein as a nutraceutical supplement and animal feed sector is propelling the market. Potential for the market increases as it helps with feed digestion, cost savings, nutrient absorption, and overall performance. It is also a replacement for antibiotics in health and performance domesticated animals, indicating that the market has a huge room of opportunities for future expansion.
Furthermore, the growing nutraceutical sector around the world is likely to benefit the market owing to the growing demand for the digestive supplements and other products in the nutraceutical sector. This will drive up the sales and launch the market at greater heights.
Additionally, it provides animals with a natural immunity, safeguarding them against pathogenic germs. It has also been showcasing lower animal mortality rate.
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Key Factors Influencing the Microbial Protein Market Growth
One of the most significant factors is that it is far more sustainable than most other protein sources now available. Even when compared to other plant-based protein food like soy and hemp, the production of microbial protein is significantly more environmental friendly and uses minimal natural resources. This makes it an excellent choice for one seeking to decrease environmental impact and to contribute in long term sustainability.
Furthermore, lava microbial protein is an excellent plant-based diet supplement as it contains all 20 amino acids required by the body as the body cannot create its own. Instead, they must be obtained from protein-rich foods. Protein is necessary for a variety of functions in the body, including strengthening the immune system, tissue repair, and over all healthy growth and development.
Not only rich in protein content but also contains several essential micronutrients like Vitamin D, Iron, and calcium. Thus, the concept of microbial protein could have several health benefits and could be a more sustainable product for those who consume a plant-based diet.
China and India Outlook for Microbial Protein
Due to increase in the population and change in food consumption pattern, China and India together represents a dominant share in the market and is predicted to increase at a relatively high rate. Because of the lucrative growth in the animal feed and nutraceutical supplements sectors, these emerging countries are likely to expand their production rate for the market. However India projecting high COVID-19 infection rates to infuse subdue consumption over the short term period as the country is still on its journey to recover.
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North America Region Outlook of Membrane for Water Treatment
It has various applications in the food and beverage industry. The major driver for the market in the region is standard of living of the people and the consciousness of people of North America about their health. Therefore, an opportunity for the key actors is to upgrade to variety of low-value organic and inorganic food to valuable nutritious food. For which, it is a need of an hour for the region which trails to rise in the demand of the product in North America.
Owing to the above-mentioned factors, North America is supposed to project its market dominance in the coming years.
Who are the Key Players Present in Market?
Manufacturers, suppliers, and distributors are among the key participants recognized across the globe which includes:
- AG CHEMI GROUP
- Lonza Group
- IPK Gatersleben
- BIOMIN Holding GmbH
- Devenish Nutrition Limited
- Nutreco N.V.
- Alltech Inc.
- Quality Liquid Feeds
An Adaptive Approach to Modern-day Research Needs
Microbial Protein Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Microbial Protein Market: Market Segmentation
The market is segmented into different parts based on the source, application, and geography. In the production of microbial protein, different sources can be used.
Based on source, the market is segmented into:
Based on form type, the market is segmented into:
- Animal Feed
- Companion Animals
- Other Animals
- Food & Beverages
On the basis of region, the market is segmented as:
- US & Canada
- Latin America
- Brazil, Mexico
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia
- Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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