The single cell oil market is poised for extraordinary growth, with a projected valuation of US$ 914.52 billion by 2033, experiencing a monumental CAGR of 25.65% from 2023. Single cell oils, produced through the fermentation process of microorganisms, offer sustainable and renewable oil sources across diverse sectors such as animal feed, cosmetics, biofuels, and more. With increasing concerns for sustainability and environmental impact, single cell oils have emerged as a key solution to meet the growing demand for specialty applications.
Demand of the Market
The demand for single cell oils is propelled by several factors, including their versatility across industries and their sustainable production methods. These oils find applications in biodiesel production, cosmetics, pharmaceuticals, infant formulae, and functional foods. With rising awareness of health benefits associated with single cell oils, consumers are increasingly opting for products enriched with these oils, further driving market demand.
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Growing Factors
Several factors contribute to the robust growth of the single cell oils market. Firstly, the escalating concerns regarding environmental sustainability and the need for renewable energy sources drive the demand for single cell oils in biofuel production. Secondly, the health benefits associated with single cell oils, particularly those derived from fungal microorganisms rich in Polyunsaturated Fatty Acids (PUFAs), fuel their adoption in functional foods and nutraceuticals. Thirdly, the expansion of applications across industries such as animal feed, infant nutrition, and pharmaceuticals further augments market growth.
The bio-fuel feedstock application segment is set to garner substantial revenues, reaching nearly US$ 9 billion in 2022. Single cell oils serve as an ideal feedstock for biofuels due to their high production rates, resistance to climatic changes, and scalability for industrial processing. Sustainability considerations, such as land use and water consumption, underscore their suitability for biofuel production.
Key Takeaways from Single Cell Oil Market:
- In 2018, the global market size stood at nearly US$ 29.77 billion.
- In 2022, the market witnessed astronomical growth, accounting for US$ 74.20 billion.
- The fungal microorganisms segment is anticipated to register a remarkable CAGR of 18% from 2023 to 2033.
- The bio-fuel feedstock segment generated nearly US$ 9 billion in 2022 due to its high production rates.
- Asia Pacific single cell oils market is anticipated to witness colossal growth during the forecast period, exhibiting an impressive CAGR of 17.2% from 2023 to 2033.
Key Categories Driving Market Growth:
- Fungal Microorganisms Segment: With a remarkable CAGR of 18%, fungal single cell oils are gaining traction due to their high unsaturation levels and health benefits associated with PUFAs. The increasing trend of consumers seeking healthy food options is propelling the demand for fungal single cell oils in functional foods, nutraceuticals, and dietary supplements.
- Bio-fuel Feedstock Application Segment: This segment is projected to witness significant revenues, driven by the ease of production scalability and sustainability of single cell oils as biofuel feedstock. With the increasing focus on reducing environmental impact and reliance on fossil fuels, the demand for single cell oils in biodiesel production is expected to surge.
Regional Insights:
- Asia Pacific: Anticipated to witness colossal growth, fueled by the growing population, increasing vegan and vegetarian demographics, and rising demand for fish oil substitutes and functional oils.
- North America: Expected to gain substantial growth, driven by cutting-edge technological innovations, research investments in the food protein industry, and increasing awareness of better-quality meals made using single cell oils.
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Recent Developments Observed by FMI:
- A new line of fish oil made from Norwegian herring was introduced by Grontvedt, a manufacturer of sustainable marine goods, in February 2023. The new product has no flavor or odor and is abundant in cetoleic acid.
- In August 2022, researchers from the United States and Japan created a brand-new sample pre-treatment technique based on the digestion of water droplet oils. Effective protein recovery is probably possible with this new technique.
- Protein innovator Calysta and animal nutrition leader Adisseo partnered to form Calysseo and launch FeedKind in June 2022. FeedKind is the world’s first industrial-scale facility that might produce FeedKind Aqua protein. This new functional sustainable protein is a high-quality seafood that is aimed to reduce environmental pressure.
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Key Players in the Global Single Cell Oils Market
- Cargill Incorporated
- DIC Corporation
- Xiamen huison Biotech Co. Ltd.
- Royal DSM NV
- Alltech
- Cellana Inc.
- Georlich Pharma GmbH
Single Cell Oils Market Segmentation
By Microorganisms:
- Bacteria
- Yeast
- Microalgae
- Fungal
By Application:
- Bio-Fuel Feedstock
- Fish Oil Substitute
- Functional Oils
- Animal Feed
- Infant Formulae
- Pharmaceutical Products
- Aquaculture
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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