The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for biofuels is likely to spur innovation in single cell oil production, propelling the market during the forecast period.

The global single cell oil market is expected to grow from $75.41 billion in 2022 to $96.71 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The global single-cell oil market size is expected to reach $259.33 billion in 2027 at a CAGR of 28%.

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 Global Single Cell Oil Market Segments Include:

• By Micro-organism: Bacteria, Yeast, Microalgae, Fungal
• By Grade: Fuel, Feed, Food
• By Raw Material: Sugarcane Mill, Agro-Industrial Waste
• By Application: Bio-Fuel Feedstock, Fish Oil Substitute, Functional Oils, Animal Feed, Infant Formulae, Pharmaceutical Products, Aquaculture
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global single cell oil market in 2021.

Major Market Players in the single cell oil market include Royal DSM NV, Goerlich Pharma GmbH, DIC Corporation, Cellana Inc., Cargill Incorporated, Alltech Inc., Xiamen Huison Biotech Co. Ltd., Qingdao Seawit Life Science Co. Ltd.

In the single-cell oil industry, product innovation has emerged as a significant trend that is gaining traction. Major companies in the single-cell oil market are focusing their efforts on developing innovative products in order to increase their market position. Grntvedt Pelagic AS, a Norwegian producer of marinated herring, for example, will debut Norwegian herring fish oil in October 2022. The introduction of this new brand of Norwegian herring fish oil is significant since it offers consumers a high-quality, long-term source of cetoleic acid. The taste and odorlessness of Norwegian herring fish oil makes it appropriate for a wide range of uses, including use in food supplements, pet food, and pharmaceuticals.

The Single Cell Oil Global Market Report 2023  provides a single cell oil market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The single cell oil market forecast analyzes single cell oil market size, single cell oil market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Single-cell oil is a term used to describe edible oils produced by microorganisms such as algae, yeast, and fungi. Because of their high production rates, minimal labour requirements, independence from seasonal and climatic changes, and ease of scale-up for industrial processing, single-cell oils are an intriguing feedstock for biodiesel production.

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