Single Cell Oil Market Size
estimated at USD 60 million in 2022 and expected to rise at approximately 17.5% CAGR from 2023 to 2032. The business will increase driven by the growing demand for biofuels worldwide.
Encouraged by worldwide decarbonization initiatives, biofuels are fast becoming more and more used in the transportation industry. The IRA estimates that, mostly for road transportation in 2021, biofuels accounted for roughly 3.6% of the worldwide transportation energy consumption. Under the Net Zero Scenario, biofuels' contribution to transportation is anticipated to treble to 15% by 2030, making approximately one-fifth of the entire fuel demand for road travel alone.
To get key market trends
To keep on track with the 2025 Net Zero Emissions Scenario, scientists believe that biofuel output must rise dramatically, nevertheless. Many international governments are so implementing encouraging measures favoring better blends and increased production. The USDA spent over USD 26 million back in August 2021 to increase the availability of higher-blend renewable fuels in more than 23 states and expand the biofuel infrastructure of the nation.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Single Cell Oil Market Size in 2022 | USD 60 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 17.5% |
| 2032 Value Projection | USD 670 Million |
| Historical Data for | 2018 to 2021 |
| No. of Pages | 390 |
| Tables, Charts & Figures | 645 |
| Segments covered | Grade, Micro-organisms, Raw materials, Application and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
High manufacturing costs may hamper the single cell oil market outlook
The high expenses connected to the fermentative process of single cell oil contribute to the manufacturing costs, therefore product utilization becomes a high-investment activity for companies switching to alternative energy sources. The procedure is more broad since the low productivity of certain oleaginous bacteria makes the manufacturing of single cell oils (SCOs) not commercially competitive. Further limiting growth prospects are solid-state fermentation processes for single cell oil production, which provide difficulty in scaling up, managing process parameters, and high costs for product recovery.
Single Cell Oil Market Analysis
Learn more about the key segments shaping this market
Applied in terms of share, the single cell oil market from aquaculture segment is estimated to show 17% CAGR by 2032 driven by increasing use of SCOs as feed in aquaculture due of its high nutritional value. Widely consumed in the diets of various farm-raised fish species, including rainbow trout and Atlantic salmon, SCOs are a strong source of protein/amino acid, omega-3, and bioactive compounds. The usage of the product as fish feed enables the aquaculture industry to increase fish growth, therefore enhancing its commercialization and profitability.
In 2022 the single cell oil market from the sugarcane mill segment brought in USD 50 million income. Mostly used as raw material for single cell oil manufacture, sugarcanes are low-cost carbon sources with high lipid contents. Regarding fermentable sugars, sugar cane bagasse is also a possible biomass source.
When utilized as raw material for SCO manufacture, sugar molasses provide the flexibility required to manage growth as well as lipid accumulation by changing the feed flow rate of the carbon sources and also limiting nutrients inside the fermenting process. The substance is also mostly used in bioprocessing to achieve increased cell density and biomolecule production at the growth period.
Learn more about the key segments shaping this market
Regarding the market for single-cell oils utilized in food, those classified as "food grade" should be valued over $380 million by 2032. The fact that these oils effectively manage some byproducts that can interfere with their manufacturing drives this development. Because they can be an excellent source of protein, amino acids, and healthy fats like omega-3 and omega-6, food-grade single-cell oils are also becoming more and more sought for. Additionally bioactive compounds abound in them, which makes them a great addition to dietary supplements as a nutrient-dense component. These food-grade oils appeal so much because their composition resembles that of vegetable and animal fats. This makes them a better option than oils derived from plants or animals, particularly considering their easy increase to satisfy demand.
Looking for region specific data?
Imagine you're chatting with a friend about the exciting world of single-cell oil (SCO), which could revolutionize everyday life in Europe. By 2032, the SCO market in Europe is expected to be worth over $300 million. Why? Well, industries like medicine, transportation, and animal agriculture are growing rapidly. People need more food for animals, cures for deadly diseases, and ways to fuel cars without polluting. SCO-based products like biodiesel, medicines, and animal feed fit the bill perfectly. Even governments are taking notice and supporting the SCO market. For example, the UK government recently said they're pouring money into the pharmaceutical sector, especially research and development. This will fuel the creation of new SCO-based medicines. So, the future looks bright for SCO in Europe. It's a sustainable, versatile solution that could make a big impact on our health, environment, and economy.
Single Cell Oil Market Share
Some of the leading companies involved in the single cell oil market include
- DIC Corporation
- Cargill Incorporated
- Alltech
- Goerlich Pharma GmbH
- Cellana Inc.
- Xiamen Huison Biotech Co., Ltd.
Many of these companies are emphasizing product innovations to gain a competitive edge over other enterprises in the field.
Back in August 2021, DIC Lifetec Co., Ltd, a wholly-owned subsidiary of Japanese chemical firm, DIC Corporation, launched DHA ORIGINS-510. This strategic move helped the company expand its presence in the algae oil market while multiplying its revenue through product sales.
Impact of COVID-19 pandemic
The COVID-19 pandemic asserted a negative impact on single cell oil industry on account of supply chain disruptions in pharmaceutical, aquaculture, and animal feed industries. However, the resumption of business operations and significant government support is likely to present opportunities for the sector to recover. In January 2023, the U.S. Department of Energy announced an investment of over USD 118 million in 17 projects aimed at accelerating the production of sustainable biofuels for America’s manufacturing and transportation requirements.
This single cell oil market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
Market, By Grade
- Fuel
- Feed
- Food
Market, By Micro-organisms
- Bacteria
- Yeast
- Microalgae
- Fungal
Market, By Raw Materials
- Sugarcane mill
- Agro-industrial waste
Market, By Application
- Bio-fuel Feedstock
- Fish oil Substitute
- Functional oils
- Animal feed
- Infant formulae
- Pharmaceutical Products
- Aquaculture
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Australia
- Malaysia
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy