At 13.4% CAGR, the North America Microbial Protein for Feed Market is projected to be worth US$ 80.02 million by 2028, says Business Market Insights

According to Business Market Insights research, the North America microbial protein for feed market was valued at US$ 37.67 million in 2022 and is expected to reach US$ 80.02 million by 2028, registering a CAGR of 13.4% from 2022 to 2028. Strategic market initiatives by key players and rising demand for sustainable feed protein are the critical factors attributed to the North America microbial protein for feed market expansion.

Microbial protein is gaining huge traction among animal feed manufacturers worldwide owing to its sustainable nature and cost competitiveness. Therefore, manufacturers of microbial protein are taking strategic initiatives such as plant capacity expansion and new product development to expand their operations across different countries and meet emerging product demand. Companies are developing new, cost-effective technologies to produce microbial protein at a faster rate than existing processes. The company claims that the process is one of the fastest microbial protein manufacturing techniques as it converts the raw materials into protein in one day. Soy protein requires approximately three months, from harvesting to protein extraction, whereas animal protein requires a few months to produce an equivalent amount. Moreover, the process is faster than the existing microbial protein manufacturing process, such as CO2 fermentation and methane fermentation. The company has already achieved the target of producing 100 kg of protein per week. Thus, the strategic investments by emerging and key players operating in the market are expected to open lucrative opportunities over the forecast period.  

On the contrary, lack of awareness and scale-up challenges hurdles the growth of North America microbial protein for feed market.

Based on source, the North America microbial protein for feed market is segmented into bacteria, yeast, and others. The bacteria segment held 72.6% share of North America microbial protein for feed market in 2022, amassing US$ 27.36 million. It is projected to garner US$ 58.71 million by 2028 to expand at 13.6% CAGR during 2022–2028.

Based on application, the North America microbial protein for feed market is segmented into poultry, ruminants, aquaculture, and others. The aquaculture segment held 34.2% share of North America microbial protein for feed market in 2022, amassing US$ 12.87 million. It is projected to garner US$ 27.43 million by 2028 to expand at 13.4% CAGR during 2022–2028.

Based on country, the North America microbial protein for feed market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.6% share of North America microbial protein for feed market in 2022. It was assessed at US$ 30.35 million in 2022 and is likely to hit US$ 63.52 million by 2028, exhibiting a CAGR of 13.4% during the forecast period.  

Key players profiles in the North America microbial protein for feed market report Alltech; Arbiom; CALYSTA INC.; ICC; and KnipBio, among others.

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