Market Size of North America Microbial Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.38 % |
| Fastest Growing Market | Supplements |
| Largest Market | United States |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Microbial Protein Market Analysis
The North America microbial protein market was valued at USD 12.4 million for the current year and is projected to register a CAGR of 6.38% over the next five years.
- Microbial protein-based food products like functional drinks, such as those containing chlorella or Spurilina, are gaining popularity around the region due to their health advantages and pleasant flavor. Food fortification innovations and new findings on the health advantages of certain nutrients are driving this market segment. For instance, United States-based company Cyanotech offers spirulina and claims the ingredient to be a highly absorbable source of protein with essential amino acids, iron, beta carotene, minerals, and other healthful vitamins, including B-vitamins and phycocyanin, a pigment-protein antioxidant complex found only in blue-green microalgae.
- Additionally, the increasing number of investments in the microbial protein market, like the algae protein market space, directly results from the rising demand for protein alternatives. Also, the shift in consumer demand from animal protein to other protein sources can clearly be witnessed with the rise of the protein alternative market. This gradual inclination toward plant-based and microalgae-based diets is largely associated with different factors, such as sustainability issues, health awareness, ethical or religious views, and environmental and animal rights.
- Many kinds of microbial proteins, like algae, produce a great protein production per unit of land, which is why they are being looked at more and more as a potential solution to the protein problem. As per researchers, spirulina algae, which contains between 60 and 71 grams of protein per 100 grams, is used in a wide range of functional foods and drinks due to its high protein content. Furthermore, spirulina has been declared GRAS by the European Food Safety Authority (EFSA), the Food and Drug Administration (FDA), and other prestigious food regulatory authorities, and its popularity as a functional food is rapidly expanding.
