Overview and Scope
Single-cell oil refers to edible oils that are produced by microorganisms such as algae, yeast, and fungi. Single-cell oils are very appealing feedstock for biodiesel production due to their rapid production rates, low labor needs, independence from seasonal and climatic fluctuations, and simplicity of scale-up for industrial processing.
Sizing and Forecast
The single cell oil market size has grown exponentially in recent years. It will grow from $96.71 billion in 2023 to $123.93 billion in 2024 at a compound annual growth rate (CAGR) of 28.1%. The growth in the historic period can be attributed to demand for nutritional supplements, search for sustainable oil sources, focus on functional foods, alternative to fish oil, diverse applications in food industry.
The single cell oil market size is expected to see exponential growth in the next few years. It will grow to $336 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to continued growth in nutraceuticals, biofuel production, expanding plant-based protein market, rising demand for vegan products, application in personal care products. Major trends in the forecast period include strategic partnerships and collaborations, customized lipid profiles, advancements in fermentation processes, biotechnological advancements, commercialization of algal oils.
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Segmentation & Regional Insights
The single cell oil market covered in this report is segmented –
1) By Micro-organism: Bacteria, Yeast, Microalgae, Fungal
2) By Grade: Fuel, Feed, Food
3) By Raw Material: Sugarcane Mill, Agro-Industrial Waste
4) By Application: Bio-Fuel Feedstock, Fish Oil Substitute, Functional Oils, Animal Feed, Infant Formulae, Pharmaceutical Products, Aquaculture
Asia-Pacific was the largest region in the single-cell oil market in 2023. The regions covered in the single cell oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing demand for biofuels is expected to propel the growth of the single-cell oil market going forward. Biofuel refers to a type of fuel that is derived from renewable biological sources, such as plants or animal waste. The increasing demand for biofuels is mostly driven by the depletion of fossil fuel reserves, climate change, rapid urbanization, and increasing concerns over energy security, where biofuels are considered to be a more sustainable and cost-effective alternative to traditional fossil fuels. Due to their similar fatty acid composition and structure to plant oil, single-cell oil be used in the manufacturing of biodiesel. For instance, in 2021, International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the worldwide demand for biofuels will increase by approximately 41 billion liters, or 28%, between 2021 and 2026. Therefore, increasing demand for biofuels will fuel the single-cell oil market growth.
Key Industry Players
Major companies operating in the single cell oil market report are Royal DSM N.V., Goerlich Pharma GmbH, DIC Corporation, Cellana Inc., Cargill Incorporated, Alltech Inc., Xiamen Huison Biotech Co. Ltd., Qingdao Seawit Life Science Co. Ltd., Bioriginal Food & Science Corp., Novosana BV, Hubei Xinhe Biotechnology Co. Ltd., The Lubrizol Corporation, Corbion NV, Aurora Algae Inc., TerraVia Holdings Inc., Solazyme Inc., Algix LLC, Sapphire Energy Inc., Heliae Development LLC, Algenol Biofuels Inc., Blue Marble Biomaterials LLC, Elevance Renewable Sciences Inc., Solix Biofuels Inc., OriginOil Inc., Joule Unlimited Technologies Inc., Synthetic Genomics Inc., Genomatica Inc., LS9 Inc., Amyris Inc., Evolva SA, Solvay SA
The single cell oil market report table of contents includes:
- Executive Summary
- Single Cell Oil Market Characteristics
- Single Cell Oil Market Trends And Strategies
- Single Cell Oil Market – Macro Economic Scenario
- Global Single Cell Oil Market Size and Growth
- Single Cell Oil Market Segmentation
- Single Cell Oil Market Regional And Country Analysis
…………………
- Key Mergers And Acquisitions In The Single Cell Oil Market
- Single Cell Oil Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Single Cell Oil Market, Segmentation By Micro-organism, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Single Cell Oil Market, Segmentation By Grade, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Single Cell Oil Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 75: Royal DSM N.V. Financial Performance
Table 76: Goerlich Pharma GmbH Financial Performance
Table 77: DIC Corporation Financial Performance
Table 78: Cellana Inc. Financial Performance
Table 79: Cargill Incorporated Financial Performance
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