Single Cell Oil Market Size
Single Cell Oil Market size valued at USD 60 million in 2022 and is poised to grow at over 17.5% CAGR from 2023 to 2032. The rising demand for biofuels across the globe will drive the industry growth.
Supported by the global decarbonization efforts, the use of biofuels has increases rapidly across the transportation sector. According to the IRA, biofuels represented approximately 3.6% of the global transport energy demand, primarily for road transport in 2021. Under the Net Zero Scenario, contribution of biofuels to transport is likely to quadruple to 15% by 2030, amounting to almost one-fifth of the total fuel demand for road transport alone.
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However, experts opine that biofuel production needs to increase significantly for the world to stay on track with the 2050 Net Zero Emissions Scenario. As such, many world governments are rolling out supportive policies that favor higher production and better blends. Back in August 2021, the USDA invested over USD 26 million to expand the country’s biofuel infrastructure and strengthen the availability of higher-blend renewable fuels in over 23 states.
Single Cell Oil Market Report Attributes
| 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 |
- Increasing demand for biofuels
- High demand for ingredients that improve the nutritional quality of infant foods
- Increasing demand for algal oil in aquaculture application
|
| Pitfalls & Challenges |
|
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High manufacturing costs may hamper the single cell oil market outlook
The high costs linked to the fermentative process of single cell oil adds to the production expenses, making product use a high-investment venture for entities transitioning to clean energy systems. The production of single cell oils (SCOs) is not economically competitive owing to the low productivity of several oleaginous microorganisms, making the process more expansive. In addition, solid-state fermentation process for single cell oil production also poses challenges such as difficulties in scaling up, controlling process parameters, and high costs for product recovery, which further limit growth prospects.
Single Cell Oil Market Analysis
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In terms of application, the single cell oil market share from aquaculture segment is expected to witness 17% CAGR through 2032, impelled by the growing use of SCOs as feed in aquaculture due to their high nutritional content. SCOs are a potent source of protein/amino acid, omega-3, and bioactive molecules and are widely used in the diets of several farm-raised fish species, including rainbow trout and Atlantic salmon. The product’s use as fish feed helps the aquaculture sector augment its commercialization and profitability by boosting the fish growth.
The single cell oil market from sugarcane mill segment accounted for USD 50 million revenue in 2022. Sugarcanes, being low-cost carbon sources that contain high lipid concentrations, are predominantly used as raw material for single cell oil production. Sugarcane bagasse is also a potential source of biomass in terms of fermentable sugars.
Sugarcane molasses, when used as raw material for SCO production, deliver the flexibility needed to control growth as well as lipid accumulation by altering the feed flow rate of the carbon sources and also restricting nutrients inside the fermentation process. The material is also primarily used in bioprocessing to attain higher cell density and productivity of biomolecules at the time of growth.
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When it comes to the market for single-cell oils used in food, those that are rated as "food grade" are expected to be worth over $380 million by 2032. This growth is driven by the fact that these oils are better at handling certain by-products that can interfere with their production. Food-grade single-cell oils are also becoming more popular because they can be a good source of protein, amino acids, and healthy fats like omega-3 and omega-6. They also have bioactive molecules, which makes them a valuable addition to dietary supplements as a nutrient-rich ingredient for people. What makes these food-grade oils so appealing is that they have a similar makeup to fats from animals and vegetables. This makes them a better choice than oils that come from plants or animals, especially since their production can be easily increased to meet demand.
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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
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Market, By Grade
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
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Australia
- Malaysia
- Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
