The single cell oil market is poised for exceptional growth, with predictions indicating a staggering valuation of US$ 914.52 billion by 2033, marking a monumental CAGR of 25.65% from 2023 to 2033. Single cell oils, derived from microorganisms like fungi, algae, and bacteria, find extensive applications in animal feed, cosmetics, and biofuels, fostering market development. The escalating demand for specialty applications in these sectors propels the market’s robust expansion.
The demand for single cell oils has witnessed a consistent upswing, reaching US$ 74.20 billion in 2022 from a market size of nearly US$ 29.77 billion in 2018. Sustainability concerns have become paramount, driving the adoption of single cell oils recognized for their environmental friendliness and sustainability. Consumers, businesses, and governments are embracing these oils for their essential nutrients, contributing to their demand in the food & beverage, pharmaceutical, and infant food sectors.
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Growing Factors
The fungal microorganisms segment is anticipated to experience significant growth, projecting a noteworthy CAGR of 18% from 2023 to 2033. Fungal single cell oils, rich in Polyunsaturated Fatty Acids (PUFAs), align with the increasing consumer preference for healthy food options. PUFAs, including omega-6 and omega-3, provide various health benefits, driving the demand for fungal single cell oils in functional foods and dietary supplements.
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.
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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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